Mongolia has settled
almost all of its outstanding tax issues with Rio Tinto
over development of the giant Oyu Tolgoi copper mine and is
confident that the remaining issues will be resolved,.
Exclusive-Mongolia, Rio Tinto have resolved nearly all copper mine tax issues-PM reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
For the past decade, the world’s biggest miners have focused on mining, and mega deals mostly dried up following a string of disastrous transactions in the 2000s. But now their penitence is over.
The industry is flush with cash after last year’s record profits, while boards and managers believe they have the support of key investors after promising to avoid the reckless overspending of the last cycle.