1 MONGOLIA'S CENTRAL BANK PURCHASES 16.3 TONS OF GOLD IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      2 MONGOLIA'S FOREX RESERVES REACH RECORD HIGH IN 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/03      3 MONGOLIA LEADS WORLD RANKINGS IN MEMORY, MIND SPORTS WWW.MONTSAME.MN PUBLISHED:2026/01/03      4 MONGOLIA EXTENDS VISA EXEMPTION POLICY FOR 34 COUNTRIES BY ONE YEAR WWW.VISASNEWS.COM PUBLISHED:2026/01/02      5 MONGOLIA AND CHINA HAVE ERECTED MORE THAN 4.700 KILOMETERS OF BORDER FENCES TO CONTAIN LIVESTOCK, CURB PASTURE DEGRADATION, AND TRANSFORM THE GRASSLAND INTO A PERMANENT ECOLOGICAL BORDER OF TERRITORIAL SOVEREIGNTY WWW.EN.CLICKPETROLEOEGAS.COM.BR  PUBLISHED:2026/01/02      6 CHINA TIGHTENS EXPORT CONTROLS ON SILVER, STEEL, ANTIMONY WWW.CHOSUN.COM PUBLISHED:2026/01/02      7 MAYOR REPORTS ON CONSTRUCTION PROJECTS TO BE IMPLEMENTED IN 2026 WWW.MONTSAME.MN PUBLISHED:2026/01/02      8 AI CAMERAS BEGIN DETECTING TRAFFIC VIOLATIONS, ISSUING FINES WWW.MONTSAME.MN PUBLISHED:2026/01/02      9 MONGOLIA RANKS AMONG WORLD’S TOP 20 FOR TOURISM RECOVERY WWW.MONTSAME.MN PUBLISHED:2026/01/02      10 STATE INSPECTION AND INVENTORY TO BE CONDUCTED WWW.MONTSAME.MN PUBLISHED:2026/01/02      МОНГОЛБАНК 16.3 ТОНН ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/01/03     МОНГОЛЫН АГААРЫН ТЭЭВРИЙН ШИНЭ ҮЕ: 2026 ОНД АЗИ, ЕВРОП, ХОЙД АМЕРИК РУУ ШИНЭ ЧИГЛЭЛҮҮД НЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     58.1 САЯ ТОЛГОЙ МАЛ ТООЛОГДЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ШЕЗ-ИЙН ДАРГААР П.ЗОЛЗАЯАГ СОНГОЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/03     ТУУЛЫН ХУРДНЫ ЗАМЫН БҮТЭЭН БАЙГУУЛАЛТЫН БАРИЛГЫН АЖЛЫГ ГУРАВДУГААР САРД ЭХЛҮҮЛНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/03     ШАРХАД, БАЯНХОШУУНД ТУС БҮР 110 АЙЛЫН НОГООН ОРОН СУУЦЫГ АШИГЛАЛТАД ОРУУЛЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/02     МИЛЛЕР: “СИБИРИЙН ХҮЧ–2” ХИЙН ХООЛОЙН ТӨСЛИЙГ ХУГАЦААНААС НЬ ӨМНӨ АШИГЛАЛТАД ОРУУЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02     ТӨСӨЛ: ЖИЛИЙН 400 САЯ ТӨГРӨГ ХҮРТЭЛХ БОРЛУУЛАЛТЫН ОРЛОГОТОЙ БОЛ НӨАТ-ЫГ ХЯЛБАРШУУЛСАН ГОРИМООР ТАЙЛАГНАДАГ БОЛНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/02     МОНГОЛ УЛС АЯЛАЛ ЖУУЛЧЛАЛЫН СЭРГЭЛТИЙН ҮЗҮҮЛЭЛТЭЭР ДЭЛХИЙН ШИЛДЭГ 20 УЛСЫН ТООНД БАГТЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/02     ОЙ ТОГТООЛТЫН СПОРТЫН ДЭЛХИЙН ЧАНСААГ МОНГОЛЫН ТАМИРЧИД ТЭРГҮҮЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/02    

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