Not sure if this has been posted.. just picked up it reading for some other stocks..Thought I would share it across here..
Rio Tinto faces Mongolian power struggle LESLIE HOOK BEIJING — Financial Times Published Friday, Sep. 21 2012, 2:57 PM EDT Last updated Friday, Sep. 21 2012, 3:01 PM EDT
In the middle of the Gobi Desert in Mongolia, Rio Tinto’s flagship $5.2-billion (U.S.) copper-gold mine stands nearly completed except for one thing: The mine is waiting for the power to be switched on.
The Oyu Tolgoi mine, which holds the world’s largest undeveloped copper deposit, has been caught in the middle of a complex negotiation between China and Mongolia. The two sides are trying to reach a deal under which the mine, which is close to the Chinese border, would buy electricity from the Chinese grid.
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