Bact to Round 1 Mongolia and Rio Tinto to set up working group
Ulaanbaatar /MONTSAME/ The government of Mongolia and the Rio Tinto Group have concurred to establish a working group in near future with an aim to develop a calculating system and registration of mineral royalties to be accorded with income tax and other tax levy and records.
It was said at a meeting between the Minister of Finance J.Erdenebat and the Rio Tinto Group CEO of Copper Mr Jean-Sebastien Jacques last Friday.
At the meeting, the sides discussed a present situation of the Oyu Tolgoi LLC, an export of copper concentrate to Japan, and economic benefits from underground mine.