Australia's EFIC considers financing Mongolia's Oyu Tolgoi Copper-Gold Mine

  (EFIC, Sydney, 11 September 2012) Australia's EFIC has announced it is considering support for the Oyu Tolgoi Copper-Gold mine in Mongolia and requests comments in the period 10 September - 12 October 2012. <!--break--> A report released in December 2011 by CEE Bankwatch Network, urgewald, Bank Information Centre and Oyu Tolgoi Watch in Mongolia, with the financial assistance of the European Union says: "The future of herding in the South Gobi is under threat as the development of extensive mine infrastructure pushes herders out of traditional camps, fragments pasture land and puts pressure on water resources." The World Bank has also announced plans to consider the project.