New Research Shows Mongolia Forced to Give Up Control Over Natural Resources
New research by SOMO and OT Watch shows how one of the world’s largest copper mine, Oyu Tolgoi in Mongolia, was negotiated at the expense of the Mongolian people. Leaked documents expose how mining companies Rio Tinto and Turquoise Hill Resources, the US embassy, the IMF and the World Bank compelled the Mongolian government into offering generous corporate incentives that leave the country with debt, environmental damage and a loss of democratic control over their natural resources.