Focused on Acquiring and Developing High Quality Gold and Diamond Properties

Channel Sample Results Returning Up to 146.19 g/t Au. (Average 22.75 g/t Au) and Drill Results Up to 19.64 g/t Au

Hub Home

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE .... WEEKEND EDITION

TOP STORY .... AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

AGORACOM INTERVIEWS ERIC SPROTT: Eric Discusses UC Resources $1.5M Investment INTO Sprott + Current And Future Silver Path

Message: Mongolia to Sign Oyu Tolgoi Agreement on Oct. 6, Montsame Says

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

investor101

Rank: [?]

Treasurer

Points: [?]

255

Rating: [?]

Votes: 5 Score: 2.6

Currently 2.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Mongolia to Sign Oyu Tolgoi Agreement on Oct. 6, Montsame Says

posted on Oct 01, 09 09:13PM

http://www.bloomberg.com/apps/news?pid=20601082&sid=awvfkMyTEUgo

By Bloomberg News

Oct. 1 (Bloomberg) -- Mongolia’s government will sign an agreement on Oct. 6 allowing Ivanhoe Mines Ltd. to develop the Oyu Tolgoi copper-and-gold mine, the government news agency Montsame said.

The date chosen is astrologically the most auspicious day in October, according to the Buddhist calendar, Montsame reported yesterday, citing unidentified people.

Mongolia’s government may approach international financial Institutions, including the World Bank, to help it raise the $820 million needed to maintain a 34 percent equity stake in the project, Montsame said, citing the parliamentary economic committee Chairman T. Bayarsaikhan.

The government missed a Sept. 30 dateline for signing the accord because of a need to translate the agreement into English to avoid interpretation issues, Bayarsaikhan said, the news agency reported.

--Eugene Tang. Editor: Tan Hwee Ann, Indranil Ghosh.

To contact the reporter on this story: Eugene Tang in Ulaanbaatar on +8610-6649-7577 or eugenetang@bloomberg.net

Last Updated: September 30, 2009 23:50 EDT

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »