This is the first installment of a two-part series examining the hardship that nomadic herders face in a fast-changing Mongolia. Mongolia has in recent months made deals with Western countries to mine the lithium and rare earths needed for electric cars, part of Ulaanbaatar’s “third neighbor” policy to cultivate friendships beyond its borders. ALEXANDER C. KAUFMAN/HUFFPOST Now, with extreme weather …
BEIJING — Mongolia plans to channel revenue from rising copper exports into an economic development fund as part of changes to reap more benefit from its mineral riches and root out corruption, the North Asian nation’s prime minister said in an interview Tuesday following the opening of a major expansion of its biggest mine. He said his government wants to …
Rio Tinto is being investigated by the Financial Conduct Authority over claims it misled the market about its sprawling £5billion copper mine in Mongolia's Gobi Desert. Claim: Rio Tinto is alleged to have known the mine – called Oyu Tolgoi – was running late and overbudget months before it informed investors Rio is alleged to have known the mine – …
Australian shares have ended their day higher, amid ongoing speculation about the future of AMP's chief executive and Rio Tinto being sued in a class action in the United States. Investors dumped their AMP shares after Nine's newspapers reported that Mr De Ferrari would "resign from the company" yesterday, after two years in the top job. Senior executives from Rio …
