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Author: Admin | 2025-04-28
Gold production accounting for a third of Mongolia’s GDP by 2021. Instead, the Mongolian government has missed out on over US$200 million in taxes while the expansion project is delayed by two years and costs $1.5 billion more than expected. This has prompted Mongolia to demand a renegotiation of the deal with Rio Tinto. Meanwhile, herders from Khanbogd are still demanding that Rio Tinto fulfils the promises it made 10 years earlier to not disrupt access to safe and sustainable water sources in their traditional pastures in the Gobi Desert.The many problems and objections to the Oyu Tolgoi mine are noticeably absent from Rio Tinto’s own timeline.2021 Investor BriefingThe Corporate Capture of Mongolia by SOMOhttps://www.mining.com/rio-tinto-mongolia-reach-deal-to-replace-oyu-tolgoi-expansion-plan/https://www.ft.com/content/56f90eba-2485-430b-ac16-0063ea2e7895Further resourcesAlternative timeline – a timeline of conflicts and controversies since Rio Tinto’s foundingCut and Run – 2020 report on Rio Tinto’s destructive legacy in Bougainville and West PapuaMartial Mining – 2020 report on the links between extractivism and militarism, including Rio Tinto’s role in them.Notes on Rio Tinto’s 2020 AGMProtest outside the 2012 Rio Tinto AGM in London
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