Rio Tinto Faces Lawsuit in Mongolia Over Oyu Tolgoi Mine; Refutes Allegations
November 19 2019 - 5:34AM
Dow Jones News
By Adria Calatayud
Rio Tinto PLC (RIO.LN) said Tuesday that it faces a lawsuit in
an administrative court in Mongolia over its Oyu Tolgoi project,
and that it refuted any suggestion that a development and financing
plan or any of the foundational agreements for the mine are
illegal.
The mining giant said early reports suggest the Administrative
Court of first instance has upheld claims by non-governmental
organization Darkhan Mongol Nogoon Negdel that due process wasn't
followed by the government of Mongolia in finalizing the plan. The
court's formal written ruling is expected to be released in the
coming weeks, Rio Tinto said.
The lawsuit was started by the NGO and relates to the government
of Mongolia's process in finalizing the Oyu Tolgoi underground mine
development and financing plan, Rio Tinto said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 19, 2019 05:19 ET (10:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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