Mongolia Dismisses Oyu Tolgoi Directors Behind Rio Negotiations
- Purging of government agencies becoming routine after electons
- Directors helped unlock $4.4 billion in investment for mine
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Three board members that helped steer the Oyu Tolgoi copper mine out of a long-standing dispute between the government of Mongolia and Rio Tinto Group have been dismissed.
Byambasaikhan Bayanjargal, Ganbold Davaadorj and Otgochuluu Chuluuntseren were released as board members on Friday, according to Solongo Sukhbaatar, a spokeswoman for Erdenes Mongol LLC, which holds state stakes in resource assets such as the Oyu Tolgoi mine.