Windfall Profits Tax on copper and gold is repealed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],, accessed 7 July 2017.