By Jeff Lewis
TORONTO, Feb 8 (Reuters) - Mongolia wants more tax revenue under a revised deal to expand Rio Tinto 's RIO.L RIO.AX Oyu Tolgoi copper-gold mine rather than a larger ownership stake in the project, a person with direct knowledge of the government's thinking told Reuters on Monday, as the two sides bid to resolve a long-running standoff over the development.
On Sunday, the Financial Times reported Ulaanbaatar is seeking agreement with Rio to terminate a deal to expand the mine and replace it with a new pact that offers better terms. obviously would like to have more tax revenues," the person said, declining to be identified owing to the sensitivity of the issue.