Ulaanbaatar, Mongolia – Today, international non-profit World Growth, one of the leading non-governmental organizations operating in Mongolia, praised the Mongolian government, Prime Minister S. Batbold and the international investors of Rio Tinto and Ivanhoe Mines for satisfying the steps needed to complete the landmark agreement that will move the Oyu Tolgoi mining development project into full operation and production.

Ulaanbaatar, Mongolia – Today, World Growth International and World Growth Mongolia applaud the Government of Mongolia for signing a landmark mining agreement to develop Oyu Tolgoi. The accord -- which enables Rio Tinto and Ivanhoe Mines to develop the Oyu Tolgoi mining project in the Gobi region of southern Mongolia -- represents a major step forward for Mongolia in developing its mineral resources and spurring economic opportunities for its citizens, including:
• Attracting international investors and world-class companies with the highest mining technology standards;
• Generating a higher, more reliable revenue stream for Mongolia’s treasury;
• Supporting local entrepreneurs who run small and medium-sized businesses; and
• Marking a key step toward the path to prosperity for Mongolia.

Ulaanbaatar, Mongolia – World Growth Mongolia today released a research and analysis report by Dr. Robert Shapiro, former Under Secretary of Commerce for Economic Affairs under United States President Bill Clinton and Chairman of Sonecon, LLC, an international economic advisory firm. The report, “An Analysis of Concerns about the Draft Agreement to Undertake the Oyu Tolgoi Mining Project” examines concerns that have been raised by Mongolia’s parliament, the State Great Hural, and various non-governmental organizations.

Ulaanbaatar, Mongolia – World Growth International officially released a new report today, “The Oyu Tolgoi Investment Agreement: Why It Works for Mongolia”, which reveals that the proposed Agreement better realizes the policy goals of the Government of Mongolia as compared to the previous Agreement and is a good outcome for the country from an economic perspective. Moreover, the main findings of the report show that the Oyu Tolgoi project will generate substantial and comprehensive economic benefits for the People of Mongolia.