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Rio Tinto today notes Administrative Court proceedings in Mongolia with regard to a lawsuit initiated by the Darkhan Mongol Nogoon Negdel Non-Governmental Organization (NGO) relating to the Government of Mongolia’s process in finalising the Oyu Tolgoi Underground Mine Development and Financing Plan (UDP).
Early reports suggest the Administrative Court of first instance has upheld claims by the NGO that due process was not followed by the Government of Mongolia in finalising the UDP, although the Court’s formal written ruling is expected to be released only in the coming weeks.
Rio Tinto strongly refutes any suggestion that the UDP or any of the foundational OT Agreements are illegal. Adherence to the principles of the Investment Agreement (IA) ARSHA and the UDP has allowed for the development of the Oyu Tolgoi mine in a manner that has given rise to significant long-term benefits to the people of Mongolia.
We will the update the market as further information becomes available.
Menno Sanderse T: +44 (0) 20 7781 1517 M: +44 (0) 7825 195 178
David Ovington Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978
Natalie Worley Office: +61 (0) 3 9283 3063 Mobile: +61 (0) 409 210 462
Amar Jambaa Office: +61 (0) 3 9283 3627 Mobile: +61 (0) 472 865 948
Illtud Harri Mobile: +44 (0) 7920 503 600
David Outhwaite Office: +44 (0) 20 7781 1623 Mobile: +44 (0) 7787 597 493
Jonathan Rose Office: +61 (0) 3 9283 3088 Mobile: +61 (0) 447 028 913
Matt Chambers Office: +61 3 9283 3087 Mobile: +61 433 525 739
Jesse Riseborough Office: +61 (0) 8 6211 6013 Mobile: +61 (0) 436 653 412
Matthew Klar Mobile: +1 514 608 4429
Grant Donald Office: +65 6679 9290 Mobile: +65 9722 6028
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