Publisher: CEE Bankwatch Network

 

Date: December, 2011

 

Volume: 28 pages, pdf

 

Description

This report presents the findings of a June 2011 fact-finding mission (FFM) to Mongolia organised by CEE Bankwatch Network, urgewald (Germany), Bank Information Center (USA) and Oyu Tolgoi Watch (Mongolia). The objective of the mission was to better understand the environmental and social impacts of the development of the Tavan Tolgoi coal (TT) and Oyu Tolgoi gold and copper (OT) deposits in the South Gobi region. The Ukhaa Khudag (UHG) coal mine within the TT deposit is financed by the European Bank for Reconstruction and Development (EBRD), while the Oyu Tolgoi project is under due diligence by both the EBRD and the World Bank’s International Finance Corporation (IFC).