RE:RE:RE:RE:RE:OT-2 Agreement Signed so Tinto has made some minor consesions to get most of the outstanding issues off the table but nothing on phyase 2 starts till GOM agrees to financing and phase2 feasibility study. My read is that Tinto is not taking any chances - All the T's must be crossed and i's dotted.
"Next steps toward the underground development include on-going
discussions with the Government of Mongolia in relation to the
2014 Feasibility Study and engagement with international financial institutions, export creditagencies and commercial banks to secure
approximately $4billion in project financing. When all steps
andapprovals on the path forward have been reached, the
underground workforce will be remobilized."