The Mongolian Parliament has approved a resolution that instructs the country’s government to improve the implementation of a 2009 investment agreement over the Oyu-Tolgoi mine, as well as a 2011 amended and restated shareholder agreement and a 2015 underground mine development and financing plan.
Diversified miner Rio Tinto on Wednesday said the passing of the resolution effectively reconfirmed the validity of all the investment agreements between the Mongolian government, Rio Tinto and Turquoise Hill Resources.