1 MONGOLIA, RUSSIA, CHINA HOLD TRILATERAL CONSULTATIVE MEETING WWW.MONTSAME.MN PUBLISHED:2026/07/03      2 MONGOLIAN STATE BUDGET RECORDED ALMOST USD280 MILLION DEFICIT IN 2025 WWW.ASIANEWS.NETWORK PUBLISHED:2026/07/03      3 JAPAN, CHINA VIE FOR MONGOLIA'S RARE EARTH RESOURCES WWW.CHOSUN.COM PUBLISHED:2026/07/02      4 JAPAN, MONGOLIA AGREE TO SHARE PORTION OF GREENHOUSE GAS EMISSION REDUCTIONS ACHIEVED THROUGH DECARBONIZATION TECHNOLOGIES WWW.JAPANNEWS.YOMIURI.CO.JP PUBLISHED:2026/07/02      5 MENDSAIKHAN ZAGDJAV: AGREEMENT REACHED TO REDUCE SHAREHOLDER LOAN INTEREST RATE AFTER FIVE ROUNDS OF NEGOTIATIONS WWW.MONTSAME.MN PUBLISHED:2026/07/02      6 TAX SUPPORT TO BE PROVIDED TO LEGAL ENTITIES REGISTERED IN VIRTUAL ZONE WWW.MONTSAME.MN PUBLISHED:2026/07/02      7 MONGOLIA ENERGY WORKERS DELAY STRIKE FOR TALKS WWW.SXCOAL.COM PUBLISHED:2026/07/02      8 RIO TINTO AGREES NEW FINANCIAL TERMS FOR $18BN COPPER MINE PROJECT WWW.FT.COM PUBLISHED:2026/07/01      9 RIO TINTO'S OYU TOLGOI RESET: MONGOLIA PUSHES FOR A BIGGER SHARE OF ITS MINING WEALTH WWW.CAPITALMARKETS.MN PUBLISHED:2026/07/01      10 PRIME MINISTER UCHRAL: GOVERNMENT ACHIEVES HISTORIC BREAKTHROUGH IN OYU TOLGOI NEGOTIATIONS WWW.MONTSAME.MN PUBLISHED:2026/07/01      280,000 ТОНН ХАГАС КОКСОН ТҮЛШИЙГ ГАДААДААС ХУДАЛДАЖ АВНА WWW.CNBC.MN НИЙТЭЛСЭН:2026/07/03     МОНГОЛ УЛС, ОХУ, БНХАУ-ЫН ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/03     ГАЗАР АВАХ ХҮСЭЛТИЙГ ЦАХИМААР ИРҮҮЛСЭН ДАРААЛЛААР НЬ ШИЙДВЭРЛЭЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/07/03     ГАЛБЫН ГОВИЙГ ДЭЛХИЙД ШИНЭЭР ТАНИУЛАХ “ХАНБОГД-ШАР ЦАВ” ГЕОПАРКИЙГ НЭЭЛЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/07/02     Э.АНАРЫГ ТӨВ БАНКНЫ ТЭРГҮҮН ДЭД ЕРӨНХИЙЛӨГЧӨӨР ТОМИЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/07/02     ГОЛОМТ БАНК АЗИЙН ХӨГЖЛИЙН БАНКНААС 64 САЯ АМ.ДОЛЛАРЫН САНХҮҮЖИЛТ АВЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/07/02     НИЙГМИЙН ДААТГАЛЫН БАГЦ ХУУЛЬД НЭМЭЛТ, ӨӨРЧЛӨЛТ ОРУУЛАХ ТУХАЙ ХУУЛИЙГ БАТАЛЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/02     С.АМАРСАЙХАН: МОНГОЛ, БНСУ ЖОЛООНЫ ҮНЭМЛЭХЭЭ ХАРИЛЦАН ХҮЛЭЭН ЗӨВШӨӨРДӨГ БОЛНО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/07/02     З.МЭНДСАЙХАН: ЗАСГИЙН ГАЗАР ХЭЛЭЛЦЭЭРЭЭР "РИО ТИНТО"-ИЙН ӨМНӨ ҮҮРЭГ ХҮЛЭЭГЭЭГҮЙ. ӨГӨӨЖИЙГ 53 ХУВЬ БОЛГОЖ БАЙЖ ОНТРЭ ХЭЛЭЛЦЭЭР РҮҮ ОРНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/07/02     НОТАРИАТЫН ҮЙЛЧИЛГЭЭГ 100 ХУВЬ ЦАХИМД ШИЛЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/01    
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