Today, Mongolian parliament started hearing of the Oyu Tolgoi Investment Agreement.
The Investment Agreement includes about 60 revisions after re-negotiating with Ivanhoe Mines.According to this agreement, Mongolian Government to own 34% equity stake and impose 30% Resource Rent Payment.
Will update about the hearing throughout the day....Keep tuned.
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Resource rent payment. Is that what they are calling windfall tax now?
ReplyDeleteEric,
ReplyDeleteyes, that is replacement for 68% windfall profits tax.
I'll try to write regularly on my blog and will welcome any suggestions and opinions. Since I'm not native english speaker, my writing will not be perfect.