1 BANK OF MONGOLIA KEEPS POLICY RATE UNCHANGED WWW.MONTSAME.MN PUBLISHED:2025/12/17      2 UK-FUNDED PROJECT TO BOOST ENGLISH SKILLS IN REMOTE AREAS OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/12/17      3 PARLIAMENT RATIFIED INTERIM TRADE AGREEMENT WWW.MONTSAME.MN PUBLISHED:2025/12/17      4 MINING AND EXTRACTIVE INDUSTRY SALES UP BY MNT 2.7 TRILLION FROM 2024 WWW.MONTSAME.MN PUBLISHED:2025/12/17      5 PRIVATE SECTOR TO INVEST IN THE EDUCATION OF CHILDREN IN REMOTE SOUMS AND BAGHS WWW.UNICEF.ORG PUBLISHED:2025/12/17      6 MONGOLIA'S INDUSTRIAL OUTPUT RISES 1.6 PCT IN FIRST 11 MONTHS OF 2025 WWW.XINHUANET.COM PUBLISHED:2025/12/17      7 PARLIAMENT EXAMINES OYU TOLGOI AGREEMENTS, BENEFITS IN MULTI-DAY EVIDENCE HEARING WWW.MONTSAME.MN PUBLISHED:2025/12/17      8 GOVERNMENT TO SUBMIT DRAFT RESOLUTION ON PRIVATIZATION AND PUBLIC OFFERING OF STATE ASSETS WWW.MONTSAME.MN PUBLISHED:2025/12/17      9 EXPLORING THE 'ZUUVCH-OVOO' URANIUM PROJECT AND ITS FUTURE OUTLOOK WWW.MONTSAME.MN PUBLISHED:2025/12/17      10 NORTH CHINA PORT SEES CARGO VOLUME FOR CHINA-EUROPE FREIGHT TRAINS EXCEED 5 MLN TONNES WWW.XINHUANET.COM PUBLISHED:2025/12/17      ТӨК-Д ТОМИЛСОН 128 МЕНЕЖЕРИЙГ ӨНӨӨДӨР ЧӨЛӨӨЛНӨ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/17     ДЭД САЙДААР ТОМИЛОХ 14 ХҮНИЙГ ТАНИЛЦУУЛЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/17     А.АМАРТҮВШИН: ХАГАС КОКСОН ТҮЛШ ХЭРЭГЛЭСНЭЭР АГААРЫН БОХИРДОЛ БУУРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/17     УУЛ УУРХАЙ, ОЛБОРЛОХ САЛБАРЫН БОРЛУУЛАЛТ 2024 ОНЫХООС 2.7 ИХ НАЯД ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/17     ОУХБ: МОНГОЛ УЛС ЗЭСИЙН САЛБАРТ НЭМҮҮ ӨРТӨГ ШИНГЭЭЖ, ЧАНАРТАЙ АЖЛЫН БАЙР БИЙ БОЛГОЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/17     МОНГОЛЫН ЭРЧИМ ХҮЧНИЙ СИСТЕМ ӨВӨР МОНГОЛЫН ЭРЧИМ ХҮЧНИЙ СИСТЕМТЭЙ ЗЭРЭГЦЭЭ АЖИЛЛАГААНД ЗАЛГАГДАХ ГЭРЭЭ БАЙГУУЛЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/17     ТОМИЛГООГОО ХҮЛЭЭЖ БУЙ ЭЛЧИН САЙДУУД WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/17     ОРОСЫН "РУСАЛ" КОМПАНИ НЭХЭМЖЛЭЛИЙН МАРГААНДАА РИО ТИНТОГ ЯЛСАН НЬ "ОЮУ ТОЛГОЙ"-Г ЭЗЭМШИХ ҮНДЭСЛЭЛ БОЛОХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/17     2026 ОНД ЯПОН УЛСААС ЖҮДО БӨХИЙН ДАСГАЛЖУУЛАГЧИД МОНГОЛД АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/17     ҮСХ: ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 1.8 ИХ НАЯД ТӨГРӨГИЙН АЛДАГДАЛТАЙ ГАРАВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/17    

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