February 20, 2020 / 10:18 PM / 3 months ago

Rio Tinto seeks international arbitration on tax dispute with Mongolia

Feb 21 (Reuters) - Global Miner Rio Tinto said on Friday its Mongolian unit had begun an international arbitration process, seeking to resolve a dispute with the local tax authority.

“We have worked diligently with the government and tax office representatives in Mongolia to find a mutually acceptable settlement and came to the conclusion that arbitration is the best way forward to resolve this issue,” Rio said in a statement.

The dispute relates to taxes paid by Oyu Tolgoi between 2013 and 2015.

Reporting by Rashmi Ashok in Bengaluru

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