Rio Tinto Notes Court Proceedings Instigated by Darkhan Mongol Nogoon Negdel NGO

  • Nov 20, 2019 AEDT
  • Team Kalkine

Rio Tinto Limited (ASX: RIO) notes an Administrative Court proceedings in Mongolia initiated by the Darkhan Mongol Nogoon Negdel NGO concerning to the Government of Mongolia’s process in finalising the Oyu Tolgoi Underground Mine Development and Financing Plan.

  • Early reports suggest that the Administrative Court of the first instance has upheld claims by the NGO as the due process was not followed by the Government of Mongolia in finalising the Underground Mine Development and Financing Plan;
  • However, Rio anticipates a formal written ruling to be released ahead by the Court, and the company also refutes that Underground Mine Development and Financing Plan or any the foundational OT Agreements are illegal.


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