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Khan Resources v The Government of Mongolia: how to assess compensation for expropriation
Over the last few years, there has been an increase in arbitration cases in the resources sector arising from the direct expropriation of property and assets into state ownership as well as the indirect expropriation through regulatory and fiscal measures such as increased taxation or restrictions on imports and exports.
Agreement between Mongolia and Rio Tinto opens door to future mining projects, economic growth
On May 18, 2015, the Government of Mongolia, Rio Tinto and the Rio Tinto subsidiary, Turquoise Hill Resources, reached agreement on development of the underground phase of the Oyu Tolgoi mining project. The agreement, termed the “Oyu Tolgoi Underground Mine Development and Finance Plan,” sets the stage for future development and investment by Rio Tinto [...]