| AGREEMENT SIGNED ON LAST INSTALLMENT OF OT ADVANCE PAYMEN |
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Source: Montsame Date: 09 June, 2011 An agreement between the Government and Oyu Tolgoi LLC was signed on Tuesday on the company paying USD100 million as the third and final installment of the advance payment provided for in the investment agreement. The present payment follows that of USD100 million in October, 2009, and of USD50 million in April, 2010. This installment carries an interest rate of 1.59 percent. |