1 ULAN BATOR AND G7 COUNTRIES SIGN STRATEGIC AGREEMENT WWW.ASIANEWS.IT  PUBLISHED:2025/12/19      2 TRACKING RUSSIAN DISINFORMATION IN MONGOLIA WWW.AKADEMIE.DW.COM PUBLISHED:2025/12/19      3 ‘GOVERNMENT TO SUPPORT BUSINESS FREEDOM, GUARANTEE PROTECTION OF PRIVATE PROPERTY’ WWW.MONTSAME.MN PUBLISHED:2025/12/19      4 WORKING GROUP RECOVERS MNT 22 BILLION TO PROTECT STATE ASSETS WWW.MONTSAME.MN PUBLISHED:2025/12/19      5 A STOLEN DINOSAUR SKELETON RETURNS HOME WWW.BBC.CO.UK PUBLISHED:2025/12/19      6 ANCIENT BURIAL SITES DISCOVERED DURING GEOLOGICAL SURVEYS IN MONGOLIA WWW.QAZINFORM.COM PUBLISHED:2025/12/19      7 E-MART OPENS SIXTH STORE IN MONGOLIA WWW.BUSINESSKOREA.CO.KR PUBLISHED:2025/12/19      8 CHINA AND MONGOLIA ARE BATTLING TO CONTROL MASSIVE DUST STORMS WWW.THECONVERSATION.COM PUBLISHED:2025/12/18      9 BANK OF MONGOLIA KEEPS POLICY RATE UNCHANGED WWW.MONTSAME.MN PUBLISHED:2025/12/17      10 UK-FUNDED PROJECT TO BOOST ENGLISH SKILLS IN REMOTE AREAS OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/12/17      ШИНЖЭЭЧИД: ЗЭСИЙН ХОМСДОЛ 2026 ОНООС БОДИТ АСУУДАЛ БОЛНО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/19     МОНГОЛ УЛСЫН ГАДААД ӨР 40.4 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧ, ӨМНӨХ ОНООС 4.7 ТЭРБУМ АМ.ДОЛЛАРООР ӨСӨӨД БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/19     МОНГОЛБАНКНЫ ЕРӨНХИЙЛӨГЧӨӨР ТОМИЛОГДСОН С.НАРАНЦОГТ ТАМГАА ГАРДАЖ АВЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/12/19     УИХ 21 УЛСАД ШИНЭЭР ЭЛЧИН САЙД ТОМИЛОХЫГ ДЭМЖЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/19     АМГАЛАН ДУЛААНЫ СТАНЦ ХАЯГДАЛ УСЫГ ТЕХНОЛОГИЙН ХЭРЭГЦЭЭНДЭЭ АШИГЛАЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/19     “ДАРХАНЫ ТӨМӨРЛӨГИЙН ҮЙЛДВЭР” ХХК 577 ТЭРБУМ ТӨГРӨГИЙН ОРЛОГО БҮРДҮҮЛЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/19     ДУНД АХЛАХ АНГИЙН СУРАГЧИД ИРЭХ ДАВАА ГАРГААС ЦАХИМААР ХИЧЭЭЛЛЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/19     НЭТФЛИКСИЙН “МОНГОЛД ТАВТАЙ МОРИЛ” ТУСГАЙ ДУГААР ҮЗЭГЧДИЙН ХҮРТЭЭЛ БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/18     ХАЛАЛ АРГААР БЭЛТГЭСЭН МАХЫГ КАТАР УЛСАД ЭКСПОРТЛОХОД ХАМТАРНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/18     БНСУ-Д ХУУРАМЧ ИЕН СОЛИХИЙГ ЗАВДСАН МОНГОЛ ИРГЭНИЙГ СААТУУЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/18    

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