Windfall Profits Tax on copper and gold is repealed

Ivanhoe and Rio Tinto successfully negotiate that the Mongolian Parliament repeals the Windfall Profits Tax of 68%, so the Oyu Tolgoi project can proceed. Along with it, the corporate income tax was eased as well, for losses to be carried forward for 8 years (up from two).[1]

[1] https://www.reuters.com/article/mongolia-ivanhoe-tax-idUSPEK9463520090825, https://www.marketwatch.com/story/mongolia-clears-way-for-oyu-tolgoi-mine-2009-08-26, accessed 7 July 2017.