Oyu Tolgoi Investment Agreement is signed

The Oyu Tolgoi Investment Agreement[1] is signed by Rio Tinto, Ivanhoe Mines and the Mongolian government. It lasts for 30 years with a possible additional 20 year, involving a USD 4 billion investment in the completion and operation of the copper mine. The agreement will freeze tax rates and royalty payments. The agreement took 6 years of negotiation. The World Bank perceives the agreement “to be the model agreement for future mining projects…” (2009:15)
[1] http://ot.mn/investment-agreement-en/ retrieved 7 September 2018