President openly questions Oyu Tolgoi Investment Agreement

President Elbegdorj questions the Oyu Tolgoi Investment Agreement (OTIA) in a speech, and raises the question about the need for its revision, so that export revenues remain in Mongolia and more higher skilled jobs are filled by Mongolians.[1] Rio Tinto’s accounts are briefly frozen.

[1] https://www.washingtonpost.com/business/mongolia-amid-influx-of-foreign-money-clashes-with-a-major-partner-mining-giant-rio-tinto/2013/05/03/e66aa832-b0e9-11e2-bbf2-a6f9e9d79e19_story.html?noredirect=on&utm_term=.dc3cde5ad1f3, retrieved 7 September 2018