Executives of Oyu Tolgoi LLC, led by CEO S. Munkhsukh and Chief Financial Officer B. Dulamsuren, held a meeting with journalists on March 18, where they provided updates and information.
Amid the tense negotiations between the Government and the Rio Tinto Group over the Oyu Tolgoi Investment Agreement, Prime Minister G. Zandanshatar - who had been issuing firm demands to the investors - resigned at his own request.
Over the past two decades, Mongolia's modern mining sector has evolved through a series of challenges, missteps, and achievements, reflecting the nation's ongoing effort to assert greater ownership over its natural resources. In this context, resource nationalism should not be viewed as a rigid ideology aimed at excluding foreign investment.