1 MONGOLIA JOINS THE PEACE COUNCIL INITIATED BY PRESIDENT DONALD TRUMP WWW.MONTSAME.MN PUBLISHED:2026/01/23      2 DAVOS 2026: TRUMP SIGNED HIS GAZA ‘BOARD OF PEACE’ INTO BEING. HERE’S WHO’S ON IT — AND WHO ISN’T WWW.CNBC.COM PUBLISHED:2026/01/23      3 PM ZANDANSHATAR MEETS FORMER UK PM TONY BLAIR WWW.MONTSAME.MN PUBLISHED:2026/01/23      4 TUUL WATER COMPLEX PROJECT TO ENABLE STORAGE OF 50 MLN CUBIC METERS OF WATER WWW.MONTSAME.MN PUBLISHED:2026/01/22      5 SECURITIES WORTH 8.8 TRILLION MNT TRADED OVER 35 YEARS WWW.UBPOST.MN PUBLISHED:2026/01/22      6 DOES A CITY OF 1.6 MILLION REALLY NEED ANOTHER SPORTS COMPLEX? WWW.UBPOST.MN PUBLISHED:2026/01/22      7 DAMAGE TO TPP-4’S EIGHTH BOILER REPAIRED WWW.GOGO.MN PUBLISHED:2026/01/22      8 BUSINESS & HERITAGE PROGRAM IN PAKISTAN MARCH 30- APRIL 05. 2026 WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2026/01/22      9 GENERAL GOVERNMENT REVENUE AND GRANTS INCREASE BY MNT 1.2 TRILLION WWW.MONTSAME.MN PUBLISHED:2026/01/22      10 MONGOLIA'S INDUSTRIAL OUTPUT INCREASES 4.8 PCT IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/22      ТОЙМ: Г.ЗАНДАНШАТАРЫН ДАВОС ДАХЬ АЙЛЧЛАЛЫН ҮЕЭР 2026 ОНД МОНГОЛД ТУЛГАРАХ ЭРСДЛИЙГ ЗАРЛАВ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/24     ЭНЭ ОНД 78.5 КМ УРТ ДУГУЙН ЗАМ БАРИХААР ТӨЛӨВЛӨЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/24     УЛСЫН АРСЛАН Б.ОРХОНБАЯР, Э.БАТМАГНАЙ НАР ХАЛЗ БАРИЛДААН ХИЙНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/24     УЛААНБААТАРТ 15 МЯНГАН ӨРХ ТОЛГОЙЛСОН ЭЦЭГ ЭХ, АМЬДАРЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/24     ШҮҮХ: Э.ГАН-ЭРДЭНЭ, Э.НОМИН-ЭРДЭНЭ, Х.ЭНХСАЙХАН НАРЫГ ЦАГААТГАЖ, ХОЁР ХҮНИЙ АМЬ НАСЫГ ХӨНӨӨСӨН Ц.ДАГВАДОРЖИД БҮХ НАСААР ХОРИХ ЯЛ ОНООЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/24     НӨАТ-ЫН БУЦААН ОЛГОЛТ ИРЭХ ДОЛОО ХОНОГТ ИРГЭДИЙН ДАНСАНД ОРНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/23     МОНГОЛ УЛС АНУ-ЫН ЕРӨНХИЙЛӨГЧ ДОНАЛД ТРАМПЫН САНААЧИЛСАН "ЭНХИЙН ЗӨВЛӨЛ"-Д АЛБАН ЁСООР НЭГДЭЖ, ҮҮСГЭН БАЙГУУЛАГЧ ГИШҮҮН УЛС БОЛОВ WWW.ITOIM.MN  НИЙТЭЛСЭН:2026/01/23     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАРЫН НЭГДЭЭД БУЙ ТРАМПЫН “ЭНХИЙН ЗӨВЛӨЛ” ГЭЖ ЮУ ВЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/23     ЦЭРГИЙН ОНЦ БАЙДАЛ ЗАРЛАХЫН ӨМНӨ ХОЁР ТАГНУУЛЫН АЖИЛТНЫГ МОНГОЛ РУУ ИЛГЭЭСЭН НЬ ЮН СОК ЁЛТОЙ ХОЛБООТОЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/23     ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР БРИТАНИЙН ЕРӨНХИЙ САЙД АСАН ТОНИ БЛЭЙР НАР УУЛЗАВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/22    

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