Oyu Tolgoi set to move forward

JOINT venture partners Rio Tinto and Ivanhoe Mines are closer to finalising an investment agreement for the Oyu Tolgoi copper-gold project after the Mongolian government approved amendments to four laws that previously threatened to stand in the way of the development.

Oyu Tolgoi set to move forward Oyu Tolgoi set to move forward Oyu Tolgoi set to move forward Oyu Tolgoi set to move forward Oyu Tolgoi set to move forward

The amendments include the insertion of a sunset provision to cancel the three-year-old 68% windfall profits tax on copper and gold effective January 1, 2011.

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