Unfortunately, it's corporate structure is a bit of a mess.

Oyo Tolgoi is 34% owned by the Mongolian government and 66% owned by something called Turquoise Hill Resources, in which Rio has a 51% stake.

Turquoise Hill, meanwhile, has lent Mongolia billions of dollars so it can pay for its share of the investment if you're keeping up.

The main problem right now is that a Mongolians have realized that they will have to pay back this debt before they get any dividends, which has left him extremely angry.

Be Rio recently mentioned that the cost of the project has gone up, making things even worse.

On DSI, there's a funding gap of $3 billion as per usual in sticky situations.

Hedge funds of buzzing around those holding minority stakes and turquoise want Rio to use more debt to plug a funding gap.

OD Asset Management, which is short turquoise, wants a big rights issue which would dilute turquoise minorities.

That didn't take part.

What's best for New Rio?

Boss Yacoub stalls home.

Whatever happens, he should push for a chunk of future Oyo Tolgoi dividends to be diverted towards Mongolia's coffers.

Second, raising equity rather than debt will probably make future crises easier to resolve.

There's no way to do this without leaving one set of stakeholders hopping mad, but if he wasn't prepared to do that, he shouldn't have taken the job in the first place.