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Public finance for mining must bring more than a mirage of development benefits in Mongolian desert
Civil society groups are demanding that investments from international financial institutions to extract resources in Mongolia’s Gobi Desert guarantee that livelihoods are protected for those living near the mines...The call follows monitoring visits to the Oyu Tolgoi copper and gold deposit, which both the World Bank’s International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) are...assessing, and the Tavan Tolgoi coal deposit, for which the EBRD has signed loans of USD 180 million...German environmental and human rights group says, “During a public forum we organised with 50 residents of Khanbogd...local people repeatedly complained of acute water shortages, increases in respiratory problems among children ...caused by infrastructure construction for the mine...” Fidanka McGrath of CEE Bankwatch Network says, “...Tsogttsetsii officials and residents have no capacity to independently monitor air and water quality and are forced to rely on pollution data produced and disclosed by the polluter.”