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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.