1 U.S. SECRETARY OF STATE MARCO RUBIO SENDS TSAGAAN SAR GREETINGS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2026/02/21      2 INDUSTRIAL SECTOR OUTPUT INCREASES BY 55 PERCENT WWW.MONTSAME.MN PUBLISHED:2026/02/21      3 ATMOSPHERIC DISTILLATION COLUMN OF THE OIL REFINERY IS READY FOR TRANSPORTATION WWW.MONTSAME.MN PUBLISHED:2026/02/21      4 RECORD YEAR FOR EBRD’S RISK-SHARING PROGRAMME IN CENTRAL ASIA AND MONGOLIA WWW.QAZINFORM.COM PUBLISHED:2026/02/21      5 LUNAR NEW YEAR GREETINGS FROM AMBASSADORS WWW.GOGO.MN PUBLISHED:2026/02/16      6 G.ZANDANSHATAR AND RIO TINTO AGREE TO INCREASE MONGOLIA’S SHARE IN OYU TOLGOI WWW.GOGO.MN PUBLISHED:2026/02/16      7 MONGOLIA ANNOUNCES TENDER FOR BORTEEG COAL PROJECT INVESTOR WWW.MONTSAME.MN PUBLISHED:2026/02/16      8 IN 2025, MONGOLIA EXPORTED OVER 85,000 TONS OF MEAT AND MEAT PRODUCTS WWW.OPEN.KG PUBLISHED:2026/02/16      9 TMK ENERGY EDGES CLOSER TO GAS FLOW MILESTONE IN MONGOLIA WWW.THEWEST.COM.AU/ PUBLISHED:2026/02/16      10 ASIAN BATTERY METALS EXTENDS MONGOLIA COPPER-GOLD ACQUISITION TIMELINE WWW. PUBLISHED:2026/02/16      ЕСБХБ-ААС МОНГОЛЫН 26 КОМПАНИД 28.5 САЯ ЕВРОГИЙН ЗЭЭЛ ОЛГОНО WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/21     ХЯТАДЫН АРДЫН АРМИД БАЙСАН МОНГОЛ ЗАЛУУГ ФИЛИППИНД ТАГНУУЛЫН ХЭРГЭЭР БАРИВЧИЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/21     ЦАГААН САР ЭДИЙН ЗАСАГТ ХЭРХЭН НӨЛӨӨЛЖ БАЙНА ВЭ? WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/21     ЭЛЧИН САЙД НАР ЦАГААН САРЫН МЭНДЧИЛГЭЭ ДЭВШҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/02/16     ҮСХ: НЭГ ӨРХИЙН САРЫН ДУНДАЖ БОДИТ ОРЛОГО 1.9 САЯ ТӨГРӨГТ ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/16     МОНГОЛ ЭНХИЙГ САХИУЛАГЧИД 50 ОРНЫ 300 АЛБА ХААГЧИДТАЙ ӨРСӨЛДӨЖ, ЯЛАЛТ БАЙГУУЛЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/16     ХИЛИЙН АВТОЗАМЫН БООМТУУДЫГ 18, 19, 20-НЫ ӨДРҮҮДЭД ТҮР ХААНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/16     1.8 ТЭРБУМ ТӨГРӨГ ЗАЛИЛЖ, ОРГОН ЗАЙЛСАН ЭТГЭЭДИЙГ ТУРК УЛСААС ОЛЖ ТОГТООЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/16     САР ШИНИЙН ӨДРҮҮДЭД ХӨДӨЛГӨӨНИЙ АЧААЛАЛ ИХТЭЙ 60 БАЙРШЛЫН ЗОГСООЛЫГ НИЙТЭД НЭЭЛТТЭЙ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/16     ДАРХАНЫ ДЦС-2 ТӨСЛИЙН ТООЦООЛЛЫГ ЦЭГЦЛЭХИЙГ ҮҮРЭГ БОЛГОВ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/16    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

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