Category Archives: Oyu Tolgoi

Rio Tinto in Mongolia

By Julian Dierkes Recently, Bulgan B and I pointed out that there have been as many CEOs at Oyu Tolgoi over the past ten years as there have been PMs of Mongolia. I also appeared on a live BBC radio … Continue reading

Posted in Foreign Investment, International Agreements, Mining, Mining, Mining Governance, Nationalism, Oyu Tolgoi, Policy | Leave a comment

Job Rotation in the Mongolian Cabinet, at Turquoise Hill and at Oyu Tolgoi

By Julian Dierkes and Bulgan B Any observer would agree that the development of Oyu Tolgoi has been a winding and meandering path. In the foreign press and from an international investor perspective, mentions of the frequent turnover of Mongolian … Continue reading

Posted in Business, Mining, Mining, Mining Governance, Oyu Tolgoi | Tagged | Leave a comment

Implications of Power Politics for OT and Elsewhere “Offshore”

By Marissa Smith About a week ago, Mendee and I agreed to write a pair of blog posts on the question of how OT and the current wave of corruption investigations and arrests, most recently involving former Prime Ministers Ch. … Continue reading

Posted in Corruption, Development, Foreign Investment, Infrastructure, International Agreements, International Relations, Mining, Mining, Mining Governance, North Korea, Oyu Tolgoi | Tagged | Leave a comment

It is not about OT, it is the Power Politics

By Mendee Jargalsaikhan The Mongolian anti-corruption agency, known as the Independent Authority Against Corruption (IAAC), arrested former Prime Ministers Bayar and Saikhanbileg, Finance Minister/MP Bayartsogt, and several other former executives.  The Mongolian politics is presenting similar patterns of other East Asian … Continue reading

Posted in Corruption, Economics, Erdenet, Judiciary, Oyu Tolgoi | Tagged | 1 Comment

Guest Post: A quick reaction to the on-going Facebook conversations on Oyu Tolgoi agreement and the role of Mr Bayartsogt in signing it

By Undariya Tumursukh The news that the Swiss are investigating the possible corruption case involving the former Finance Minister S. Bayartsogt (DP) and Rio Tinto has triggered some agitated discussion, including on Facebook, about Mr. Bayartsogt’s central role in concluding … Continue reading

Posted in Corruption, Foreign Investment, International Agreements, Mining, Oyu Tolgoi, Undariya Tumursukh | 1 Comment

SOMO Report “Mining Taxes”

By Julian Dierkes The Dutch Centre for Research on Multinational Corporations (SOMO) published a report focused on a whole list of issues related to financial and governance structures for the Oyu Tolgoi project. The report was written by SOMO’s Vincent Kiezebrink and … Continue reading

Posted in Canada, Corruption, EU, Foreign Investment, International Agreements, International Relations, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

SOMO Report Preamble: Assumptions

By Julian Dierkes It struck me while reading the SOMO report on Oyu Tolgoi governance and tax structures that there are a number of big assumptions and elements in the Mongolian context that are not discussed explicitly, but that are … Continue reading

Posted in Foreign Investment, International Agreements, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

How Are We To Think About Rio’s Balancing of Political Risk and Taxation in Light of SOMO Report?

By Julian Dierkes Rio Tinto’s response to the SOMO report claims that the convoluted corporate structure that has been created for Oyu Tolgoi is not aimed at saving taxes, but rather at reducing investment risk. For as long as Rio … Continue reading

Posted in International Agreements, Mining, Mining Governance, Oyu Tolgoi, Public Policy, Taxes | Tagged | Leave a comment

Unequal Match: Mongolia versus Rio Tinto

By Mendee Jargalsaikhan If one describes the bargaining game between Mongolia, a small and isolated resource-rich state, and Rio Tinto, a giant multinational corporation, through the Mongolian national pastime sport – wrestling, it is truly an unequal match between the … Continue reading

Posted in Economics, Foreign Investment, International Agreements, Mendee Jargalsaikhan, Mining, Mongolia and ..., Oyu Tolgoi | Tagged | Leave a comment

Mongolia at Davos 2018: Party like it’s 2009?

By Marissa Smith In recent years, Mongolia has regularly sent a delegation to the World Economic Forum at Davos. This year was somewhat less eventful than some years, when President Elbegdorj himself attended and presided over a “Mongolia Night” and … Continue reading

Posted in China, Development, Economics, Environment, Environment, Erdenet, Foreign Policy, Infrastructure, International Cooperation Fund, International Relations, Mining, Mining, Mining Governance, Mongolia and ..., Oyu Tolgoi, Policy, Politics, South Korea | Tagged | Leave a comment

Guest Post: CIRDI Workshop Mongolian Young Professionals Shining

By Delgermaa B Short reflection on the capacity building training organized on June 19-23, 2017, Ulaanbaatar, Mongolia Mongolian Young Professional are Shining Just few weeks ago I had a chance to participate in the capacity building training organized by the … Continue reading

Posted in Canada, CIRDI, Delgermaa Boldbaatar, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy | Leave a comment

The story of the discovery of Oyu Tolgoi

By BYAMBAJAV Dalaibuyan Introduction “Friedland came out his helicopter. He had a red jumper and running shoes on. He kissed the land and run straight to the Oyu Tolgoi discovery site.” A local elder told me this story. The date … Continue reading

Posted in Mining, Oyu Tolgoi | Tagged | 1 Comment

Contract transparency in Mongolian Mining

 Unbundling contract transparency in the extractive industry: the case of Mongolia – Part I Contract transparency is crucial in ensuring deals in the extractive industry deliver better outcomes for the host nation and community. Civil society has long campaigned for … Continue reading

Posted in Corruption, International Agreements, Mining, Oyu Tolgoi, Social Movements | Tagged | 3 Comments

Guest Post: Mongolia 2016 – Will there be light at the end of the tunnel?

By Stefan Hanselmann If the development of the last quarter of 2015 can serve as an indicator, we can eventually expect for next year some real light at the end of the tunnel. Unfortunately, Mongolia had to learn the hard … Continue reading

Posted in Bilateral Aid, Business, Development, Economics, Foreign Investment, Ikh Khural 2016, Inflation, Mining, Oyu Tolgoi, Policy, Politics, Stefan Hanselmann | Leave a comment

Policy Series: Mining Policy Failures (I)

Mining policy is a good entry point to understand the overall policy-making processes of Mongolia. For one, mining has been one of the dominant economic sectors of Mongolia since the early 1900s.[1] Second, with extensive mining activities, mining has caused … Continue reading

Posted in Governance, Mining, Mining, Oyu Tolgoi, Policy, Policy, Policy Series | Tagged | 2 Comments