Mongolia Studying IPO of Stake in $6.6 Billion Rio Copper Mine
This article is for subscribers only.
Mongolia is studying converting its shares in the Oyu Tolgoi mine into a public company, giving citizens a stake in one of the world’s largest copper deposits.
A proposed new company would hold the state’s 34 percent interest, said Chuluuntseren Otgochuluu, director-general of Strategic Policy and Planning at the Mines Ministry. Ten percent of the company would be made available to the Mongolian public and 10 to 20 percent more may be sold on the domestic market.