1 S.DAVAASUREN: AIR POLLUTION DECREASED BY 26% COMPARED TO THE SAME PERIOD LAST YEAR WWW.GOGO.MN PUBLISHED:2026/02/09      2 PARLIAMENT SPEAKER UCHRAL NYAM-OSOR TO VISIT RUSSIA WWW.MONTSAME.MN PUBLISHED:2026/02/09      3 THE MONGOLIAN FACTION IN THE 119TH CONGRESS OF THE USA HAS BEEN REESTABLISHED WWW.OPEN.KG PUBLISHED:2026/02/09      4 THE U.S. AGENCY FOR TRADE AND DEVELOPMENT COLLABORATES WITH MONGOLIA TO DEVELOP SAFE DIRECT AIR TRANSPORT WWW.OPEN.KG PUBLISHED:2026/02/09      5 IN 2025, THE PRIVATE SECTOR OF MONGOLIA ATTRACTED A TOTAL OF $2.6 BILLION FROM INTERNATIONAL MARKETS WWW.OPEN.KG PUBLISHED:2026/02/09      6 THE IJF AND MONGOLIA SIGN FOR FOUR NEW GRAND SLAMS WWW.IJF.ORG PUBLISHED:2026/02/09      7 RUSSIA’S TUVA REPUBLIC WEIGHS UP LOGISTICS CONNECTIVITY WITH CHINA AND MONGOLIA WWW.RUSSIASPIVOTTOASIA.COM PUBLISHED:2026/02/09      8 MAJOR STRATEGIC SECTOR PROJECTS TO BE IMPLEMENTED IN COOPERATION WITH WORLD BANK WWW.MONTSAME.MN PUBLISHED:2026/02/06      9 GOVERNMENT APPROVES NEW ADMINISTRATIVE BUILDING AT ULAANBAATAR INTERNATIONAL AIRPORT WWW.MONTSAME.MN PUBLISHED:2026/02/06      10 MONGOLIA’S CRISIS IS AN OPPORTUNITY TO TRANSFORM ITS SYSTEM WWW.JACOBIN.COM PUBLISHED:2026/02/06      ИЖ БҮРЭН КОНВЕЙЕР АШИГЛАЛТАД ОРСНООР НҮҮРСИЙГ СОРЧЛОХГҮЙ ЭКСПОРТОЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/09     Г.ЗАНДАНШАТАР “ЭРДЭНЭС ТАВАНТОЛГОЙ”-Д ХАРИУЦЛАГЫГ ЧАНГАТГАХ ҮҮРЭГ ӨГЛӨӨ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/09     ОЮУ ТОЛГОЙ: МОНГОЛ УЛС БА РИО ТИНТОГИЙН ХООРОНДОХ ӨНДӨР БООЦООТ ЗӨРЧИЛ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/09     УИХ-ЫН ДАРГА Н.УЧРАЛЫН ОХУ ДАХЬ АЙЛЧЛАЛ ӨНӨӨДРӨӨС ЭХЭЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/09     АНУ-ЫН 119 ДҮГЭЭР КОНГРЕССТ МОНГОЛЫН БҮЛГИЙГ ШИНЭЧЛЭН БАЙГУУЛАВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/09     МОНГОЛ УЛС АНУ ХООРОНД ШУУД НИСЛЭГ ЭХЛҮҮЛЭХЭД ТЕХНИКИЙН ТУСЛАЛЦАА ҮЗҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/09     ӨМНӨГОВИЙН ХИЛИЙН БҮСЭД АТГ, ЦЕГ, ТЕГ ХАМТАРСАН ШАЛГАЛТ ХИЙНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/09     СОНГИНОХАЙРХАН ДҮҮРГИЙН БАРУУН САЛААНЫ ГОЛЫН АЙ САВД ХӨВ ЦӨӨРӨМ БАЙГУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/06     СТРАТЕГИЙН САЛБАРЫН ТОМООХОН ТӨСЛҮҮДИЙГ ДЭЛХИЙН БАНКТАЙ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/06     Ш.АЛТАНТУЯА АГСНЫ ГЭР БҮЛ 4.7 САЯ РИНГГИТИЙГ МАЛАЙЗАД БУЦААН ОЛГОЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/06    

Rio Tinto scores big win in Mongolia www.mining.com

The world’s second largest miner Rio Tinto (ASX, LON, NYSE: RIO) has scored a major win in Mongolia after the country’s parliament unanimously approved a resolution that reconfirms the validity of all the Oyu Tolgoi mine-related agreements approved since 2009.

The legislators’ resolution brings an 18-month review on the deals governing the copper-gold mine to a close, allowing the company to continue with an ongoing $7 billion expansion of the operation.

The news is something of a relief for Rio Tinto, which feared the government might try to completely renegotiate the agreements on the asset’s development — a 2009 investment agreement, a 2011 amended and restated shareholder agreement and a 2015 underground mine development and financing plan.

The resolution, however, recommends to explore options to improve the deal, including looking at the Mongolian government’s equity share in Oyu Tolgoi, a re-definition of the reserve report and updated feasibility report, and a renewal of environmental and water assessments.

“Adherence to these agreements by all parties has underpinned a total in-country spend of around $10 billion since 2010,” Rio Tinto’s chief executive copper and diamonds, Arnaud Soirat, said in the statement.

Soirat acknowledged there was still “a lot of work to do” to ensure Oyu Tolgoi reaches its full potential.

Oyu Tolgoi was discovered in 2001 and Rio gained control of it in 2012. The ongoing mine expansion is expected to lift production from 125–150kt this year to 560kt at full tilt from 2025, making it the biggest new copper mine to come on stream in several years.

The giant operation is one-third owned by Mongolia’s government and two-third held by Canada’s Turquoise Hill Resources (TSX, NYSE:TRQ). Out of Turquoise’s 66% share, Rio owns 51%.



Published Date:2019-12-13