1 AMERICAN-CANADIAN BILLIONAIRE OPENS $2-BILLION PLATINUM MINE IN SOUTH AFRICA WWW.AFRICA.BUSINESSINSIDER.COM PUBLISHED:2025/11/20      2 EDUCATION INFRASTRUCTURE: 12 SCHOOLS, 24 KINDERGARTENS SET FOR 2025 LAUNCH WWW.MONTSAME.MN PUBLISHED:2025/11/20      3 MONGOLIA JAPAN HOSPITAL INTRODUCES SELECTIVE LASER TRABECULOPLASTY SYSTEM WWW.AKIPRESS.COM PUBLISHED:2025/11/20      4 ORDER OF “CHINGGIS KHAAN” TO BE AWARDED TO ACADEMICIAN AND LAWYER S.NARANGEREL WWW.GOGO.MN PUBLISHED:2025/11/20      5 PM G.ZANDANSHATAR PROPOSES BOOSTING COAL EXPORTS TO CHINA TO 100 MILLION TONS WWW.GOGO.MN PUBLISHED:2025/11/19      6 MONGOLIA'S UNEMPLOYMENT RATE DOWN 0.6 PCT IN Q3 WWW.XINHUANET.COM PUBLISHED:2025/11/19      7 CHINA DONATES CLINICAL TRAINING FACILITY TO PEDIATRIC REHABILITATION CENTER WWW.MONTSAME.MN PUBLISHED:2025/11/19      8 CHINA WILLING TO EXPAND TRADE WITH MONGOLIA -- CHINESE PREMIER WWW.XINHUANET.COM PUBLISHED:2025/11/19      9 MONGOLIA READY TO PERMIT OPENING OF RUSSIAN BANK BRANCH — PRIME MINISTER WWW.TASS.COM PUBLISHED:2025/11/19      10 RUSSIA, MONGOLIA STEADILY DEVELOPING COOPERATION — PUTIN WWW.TASS.COM PUBLISHED:2025/11/19      "ЧИНГИС ХААН" ОДОН ХҮРТЭЖ БУЙ С.НАРАНГЭРЭЛ ГЭЖ ХЭН БЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/20     Н.УЧРАЛЫГ УИХ-ЫН ДАРГАД НЭР ДЭВШҮҮЛЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/11/20     ОХУ-ЫН БАНК САЛБАРАА МОНГОЛД НЭЭХ ҮҮ? WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/20     УВС АЙМАГТ 4 МАГНИТУДЫН ХҮЧТЭЙ ГАЗАР ХӨДӨЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/20     (ТЭД БИДНИЙ ТУХАЙ) THE DIPLOMAT: МАН-ЫН ДАРГААР Н.УЧРАЛ СОНГОГДЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/19     МОНГОЛ УЛСААС БНХАУ РУУ ЭКСПОРТЛОХ НҮҮРСНИЙ ХЭМЖЭЭГ НЭМЭГДҮҮЛЖ, 100 САЯ ТОННД ХҮРГЭХ САНАЛ ТАВИЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/19     ИНТЕРПОЛООР ЭРЭН СУРВАЛЖЛАГДАЖ БАЙСАН МОНГОЛ ИРГЭН ПОЛЬШИД БАРИВЧЛАГДЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/19     Н.УЧРАЛ: НАМЫН ДАРГЫН ХУВЬД ЗГ-ЫН БОДЛОГО, ҮЙЛ АЖИЛЛАГАА, ТОГТВОРТОЙ БАЙДЛЫГ ДЭМЖИНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/19     ХӨГЖЛИЙН БАНКНЫ ЗАХИРЛААР С.БААТАРСҮРЭНГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/19     RIO TINTO-ГИЙН ЗАХИРАЛ АСАН ЖАН СЕБЬЯАСТАН ЖАК ӨӨР ХЭД ХЭДЭН АЛБАН ТУШААЛТНЫГ МОНГОЛД ДУУДЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/18    

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