RE:RE:Election Correct. It should say RIO 'controls' 66%. We'd all love it if RIO was to buyout TRQ.
The hypocrisy though of Genco Battulga saying, ""Our political environment is very unstable, so our big development policy won't go forward."
He's a resource nationalist and previous attempts at renegotiating the IA led to the 2-3 year delay in OT development. Where would MGL be today if FDI hadn't dried up?
The political risk of someone like Genco getting in while alluding to nationalizing the mines is one likely reason RIO hasn't moved on the remaining shares of TRQ. Of course, MGL can't even pay for the 34% of OT they now 'own' let alone their share of the underground development.
Then there was the attempt to have all sales run thru MGL banks that held up the IMF bailout. The GOM is corrupt and can't be trusted. Even it's citizens don't trust the gov't which is why populists like Genco have a chance this election, one that may be extended with a runoff. Who knows? Maybe they'll have their own political disaster like a Brexit or a Trump? GLTA