Mongolian Parliament votes to revise Oyu Tolgoi

The parliament voted to replacing the 34% interest with a special royalty and to bring forward the date to receive dividends from the mine, currently set at 2041. The parliament responds to the Working Group demands to revise the Oyu Tolgoi deal and is strengthened by by a cliam accepted in court by the NGO Darkhan Mongol Nogoon Negdel arguing that the 2015 Dubai agreement in 2015 did not follow due process.[1]

[1] https://www.economist.com/business/2019/11/26/mongolia-seeks-better-terms-for-its-vast-mining-project, https://www.sec.gov/Archives/edgar/data/1158041/000119312519295247/d834299dex991.htm, https://markets.ft.com/data/announce/detail?dockey=1323-14313808-6CE2TC2K86GTBT2EG8N03JUO50, https://www.ft.com/content/4d5292a8-0ab6-11ea-b2d6-9bf4d1957a67