Forecasts issued by Ivanhoe in 2005 called for annual production of 450,000 tons of copper and 330,000 ounces of gold to be extracted annually from Oyu Tolgoi beginning in 2010. 

Negotiations between the government and mining companies over sharing of revenues from the mine have stretched over five years. While the government has approved an agreement with Ivanhoe and Rio Tinto, members of Parliament have delayed approving the agreement. 

Seeking advice from other sources, members of Parliament have visited the World Bank in the United States to learn how other countries have benefited from such mining agreements. 

It is possible that parts of the agreement may again be renegotiated following questions by members of Parliament about specific provisions. Mining officials are remaining low key, as to not appear to be involved in matters which can only be decided by Mongolia’s Parliament. 

No date has been set for a vote on the Oyu Tolgoi agreement.

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