Re: Rio Tinto prepares for Mongolian parliament review
Mongolia has wanted to renegotiate the agreement since the day after they signed it. Other than shaking the tree to see if they can get Tinto to cough anything up, Its really a meaningless vote as I believe the agreement is quite robust and clear that nothing gets re negotiated unless Tinto agrees. They have tried before! ;-) In light of Mongolia putting up zero money, It is actually a good deal for Mongolia and really Mongolia created its own problem by wanting ownership rather than being smart and collecting royalties.