The Hong Kong arm of a major Australian mining company based in Mongolia
has yet to comment on why its senior lawyer is still being questioned
by anti-corruption authorities and banned from leaving the country.
AN Australian lawyer being detained in Mongolia may be caught up in a
fight over returns from a Rio Tinto mining operation, the head of an
Australian parliamentary delegation which visited the mine recently
says.
Coal miner Peabody Energy (BTU.N: Quote), eager to tap Mongolia"s
massive coal resources, said on Friday it expects to resume talks with
the government in early 2013 over acquiring a stake in the undeveloped
western block of the Tavan Tolgoi deposit.
Specific details and the timing of the government"s request have not
been disclosed but it is believed to be related to the topic of sliding
scale royalties mentioned below.