Oyu Tolgoi receives information request from Mongolian anti-corruption authority - InfoNews

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Oyu Tolgoi receives information request from Mongolian anti-corruption authority

Turquoise Hill Resources Ltd. says Oyu Tolgoi LLC has received an information request from Mongolia's anti-corruption authority. The corporate logo for Turquoise Hill Resources Ltd. is shown. THE CANADIAN PRESS/HO, *MANDATORY CREDIT*
March 13, 2018 - 10:36 AM

VANCOUVER - Turquoise Hill Resources Ltd. says Oyu Tolgoi LLC has received an information request from Mongolia's anti-corruption authority.

The company says the regulator is seeking financial information relating to Oyu Tolgoi.

The request relates to an investigation about possible abuse of power by officials during negotiation of the 2009 Oyu Tolgoi investment agreement, Turquoise Hill says.

The company says there is no indication in the request to suggest that Oyu Tolgoi is a subject of the investigation.

Turquoise Hill holds a 66 per cent stake in Oyu Tolgoi, while the Mongolian government owns 34 per cent.

Rio Tinto holds a majority stake in Turquoise Hill.

Companies in this story: (TSX:TRQ)

News from © The Canadian Press, 2018
The Canadian Press

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