1 MONGOLIA’S SEPTEMBER MOLYBDENUM OUTPUT RECOVERS MONTH ON MONTH BUT REMAINS 13.3% LOWER YEAR ON YEAR WWW.NEWS.METAL.COM PUBLISHED:2026/11/03      2 RUSSIAN DISCOUNT RETAILER FIX PRICE EXITS MONGOLIA WWW.THEMOSCOWTIMES.COM PUBLISHED:2026/11/03      3 CHINA-MONGOLIA BORDER PORT SEES MAJOR CARGO VOLUME, VALUE RISE IN Q1-Q3 WWW.BASTILLEPOST.COM PUBLISHED:2026/11/03      4 MONGOLIA CONSIDERS PURCHASE OF CZECH L 410 NG AND L-39 SKYFOX AIRCRAFT WWW.MILITARNYI.COM PUBLISHED:2026/11/03      5 AROUND 40% OF THERMAL POWER PLANT NO. 5 CONSTRUCTION COMPLETED WWW.MONTSAME.MN PUBLISHED:2026/11/03      6 MONGOLIA, INDIA DISCUSS RARE EARTHS, OIL REFINERY, AND TECH COOPERATION WWW.MONTSAME.MN PUBLISHED:2026/11/03      7 MINISTER INTRODUCES SPECIALIZED HIGH SCHOOL MODEL AS MAJOR EDUCATION REFORM WWW.MONTSAME.MN PUBLISHED:2026/11/03      8 RIO TINTO SHARES MOVE RED ON YEAR: MINING PAUSE ADDS TO PULLBACK WWW.THEBULL.COM.AU PUBLISHED:2026/11/02      9 10TH MEETING OF THE MONGOLIA-SOUTH KOREA INTERGOVERNMENTAL JOINT COMMITTEE HELD WWW.MONTSAME.MN PUBLISHED:2026/11/02      10 NIGHTTIME ELECTRICITY TARIFF DISCOUNTS BEGIN FOR GER DISTRICT HOUSEHOLDS WWW.MONTSAME.MN PUBLISHED:2026/11/02      С.НАРАНЦОГТ: ХАНШ НЭМЭГДСЭН МЭТ МЭДЭЭЛЭЛ ӨЧИГДӨР НЭЛЭЭД ЯВЛАА. ТИЙМ ЮМ БАЙХГҮЙ, ХАНШ ТОГТВОРТОЙ БАЙГАА WWW.IKON.MN НИЙТЭЛСЭН:2026/11/03     "2026-2030 ОНД УЛААНБААТАР ХОТОД 17 МЯНГА ГАРУЙ АЙЛЫН ОРОН СУУЦЫГ ШИНЭЭР АШИГЛАЛТАД ОРУУЛНА" WWW.IKON.MN НИЙТЭЛСЭН:2026/11/03     З.МЭНДСАЙХАН: ИНФЛЯЦ ӨСӨХ ЭРСДЭЛТЭЙ Ч ЕРӨНХИЙЛӨГЧ ЗГ-Т ЧИГЛЭЛ ӨГСӨН ТУЛ ХУУЛЬД ӨӨРЧЛӨЛТ ОРУУЛЖ ТААРАХ НЬ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/11/03     У.ХҮРЭЛСҮХ: ОЮУ ТОЛГОЙН НОГДОЛ АШГИЙГ ИРГЭДИЙН ДАНСАНД ШИЛЖҮҮЛ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/11/03     УЛААНБААТАР ХОТЫН ХАМГИЙН ТОМ УСАН ХАНГАМЖИЙН ЭХ ҮҮСВЭРИЙГ ТӨВИЙН СҮЛЖЭЭНД ХОЛБОЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/11/03     "ШАТАХУУНЫ НИЙЛҮҮЛЭЛТ ТАСАЛДАХГҮЙ УЧРААС ИРГЭД ДАРААЛАЛ ҮҮСГЭХ ШААРДЛАГАГҮЙ" WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/03     "САНХҮҮГИЙН ХҮНДРЭЛД ОРСОН ЗЭЭЛДЭГЧИЙН ХЭРЭГЛЭЭНИЙ ЗЭЭЛИЙГ 48 ХҮРТЭЛХ САРААР СУНГАНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/03     НЭГ БАЙРЫГ 65 ХҮНД ХУДАЛДСАН ЗАЛИЛАНГИЙН ХЭРЭГ БҮРТГЭГДЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/11/02     КАЗАХСТАН УЛСЫН ХИЛ ДЭЭР УРТ ДАРААЛАЛ ҮҮССЭНИЙ УЛМААС ОРОСЫН ТЭЭВЭРЛЭГЧИД МОНГОЛООР ДАЙРСАН ЗАМЫГ СОНГОХ БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2026/11/02     УЛААНБААТАРЫН АГААРЫН БОХИРДЛЫГ ₮14.9 ИХ НАЯДЫН САНХҮҮЖИЛТЭЭР ТАВАН ЖИЛИЙН ДОТОР 55% БУУРУУЛАХ ТӨЛӨВЛӨГӨӨГ ТАНИЛЦУУЛАВ WWW.IKON.MN НИЙТЭЛСЭН:2026/11/02    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Rio Tinto’s Giant Mongolia Project Dealt Another Blow www.bloomberg.com

(Bloomberg) -- Rio Tinto Group has another headache to deal with in Mongolia, as the government looks set to lose a legal challenge to its agreement with the world’s second-biggest miner.

Rio is building a giant underground copper mine, known as Oyu Tolgoi, in the country. Yet the project has been beset by delays, legal probes, cost overruns and government pressure.

Rio said Tuesday that early reports suggest an administrative court has upheld claims by the Darkhan Mongol Nogoon Negdel non-governmental organization that Mongolia didn’t follow due process on the agreement that underpins its development of the asset.

The group, which promotes ecological balance and economic independence, had disputed the Dubai agreement signed in 2015, as well as the authority of Mongolian government officials involved in the negotiations.

It’s not yet clear what the implications will be. But with the court’s formal written ruling expected to be released in the coming weeks, it adds a fresh element of uncertainty to an already difficult project.

“The Dubai agreement is not annulled by the court decision. However, this decision raises questions about due authorization and capacity of those who signed the Dubai agreement,” said lawyer Solongoo Bayarsaikhan, a managing partner of Avinex Partners LLP in the capital, Ulaanbaatar, who is not involved in the case. “We need to see the actual court decision.”

Earlier this year, Rio warned that its flagship growth project could cost as much as $1.9 billion more than forecast and faces potential delays to full production of as long as two and a half years. The expansion of the mine has run into difficulties after potential stability risks were identified within the planned underground operation, and it could now cost as much as $7.2 billion.

The overruns will mean Mongolia must wait longer before profits start flowing from the mine to the government.

On top of the actual problems building the project, there have been numerous controversies in the country. A parliamentary working group recommended in April that Mongolia review the 2009 deal that launched construction and revoke a 2015 agreement allowing for an underground expansion to tap into most of its mineral wealth. The mine has also been at the center of tax disputes and a probe into allegations of corruption.

Rio said that it “strongly refutes” any suggestion that its agreement is illegal.

To contact the reporters on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.net;Terrence Edwards in Ulaanbaatar at tedwards100@bloomberg.net

To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel Hill, Dylan Griffiths



Published Date:2019-11-20