1 MONGOLIA'S FOREIGN TRADE TURNOVER RISES OVER 36 PCT IN H1 WWW.XINHUANET.COM PUBLISHED:2026/07/21      2 JADE GAS SECURES A$1BN FUNDING FOR COAL BED METHANE GAS, LNG DEVELOPMENT IN MONGOLIA WWW.MININGWEEKLY.COM PUBLISHED:2026/07/21      3 PRESIDENT OF TAJIKISTAN ARRIVES ON AN OFFICIAL STATE VISIT TO MONGOLIA WWW.TREND.AZ PUBLISHED:2026/07/21      4 FESTIVAL DIPLOMACY LESSONS FROM MONGOLIA'S NAADAM WWW.CHOSUN.COM PUBLISHED:2026/07/21      5 AI-92 GASOLINE PRICES INCREASE AS RUSSIAN IMPORT COSTS REACH USD 800 PER TON WWW.GOGO.MN PUBLISHED:2026/07/21      6 COP17 VENUE EXTERIOR WORKS REACH 90 PERCENT WWW.MONTSAME.MN PUBLISHED:2026/07/21      7 ISRAELI TOURISTS ATTACKED WITH AXES AND KNIVES BY MEN SHOUTING ‘HEIL HITLER’ AT MONGOLIA CAMPSITE WWW.COMBATANTISEMITISM.ORG PUBLISHED:2026/07/21      8 KOREA'S MONGOLIAN MINERAL BET MAY BECOME A GEOPOLITICAL TIGHTROPE WALK BETWEEN CHINA, RUSSIA AND THE U.S. WWW.KOREAJOONGANGDAILY.COM PUBLISHED:2026/07/20      9 PRESIDENT OF TAJIKISTAN TO PAY STATE VISIT TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2026/07/19      10 AI-92 GASOLINE PRICE RISES BY MNT 250 PER LITER FROM JULY 15 WWW.GOGO.MN PUBLISHED:2026/07/19      ХЯТАДЫН АРДЫН БАНКТАЙ БАЙГУУЛСАН СВОП ХЭЛЦЛИЙН ХУГАЦААГ 5 ДАХЬ УДААГАА СУНГАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/07/21     ТАЖИКИСТАН УЛСЫН ЕРӨНХИЙЛӨГЧ ТӨРИЙН АЙЛЧЛАЛ ХИЙХЭЭР ХҮРЭЛЦЭН ИРЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/21     ХЯТАДЫН C919 ОНГОЦ ОЛОН УЛСЫН НИСЛЭГЭЭ УЛААНБААТАРААС ЭХЛҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/07/21     НИЙСЛЭЛ, АЙМГИЙН УДИРДЛАГУУДЫН АЖЛЫГ ХҮНД СУРТЛЫГ БУУРУУЛЖ, ИРГЭД, АЖ АХУЙН НЭГЖИЙН АЧААГ ХЭРХЭН ХӨНГӨЛСНӨӨР ДҮГНЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/07/21     НААДМЫН АМРАЛТААР 11 ТОМ ХҮН, 2 ХҮҮХЭД УСАНД ОСОЛДОЖ, ЭНДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/07/21     АҮЭБЯ:"БАДРАХ ЭНЕРЖИ"-ИЙН ЗӨВШӨӨРШЛИЙН АЖЛЫГ ЭРЧИМЖҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/07/21     ҮСХ: ЭКСПОРТ ӨМНӨХ ОНЫ МӨН ҮЕЭС 57.9 ХУВИАР ӨСЛӨӨ WWW.NEWS.MN НИЙТЭЛСЭН:2026/07/21     2030 ОН ГЭХЭД ГАЗАР НУТГИЙНХАА 30 ХУВИЙГ ХАМГААЛАЛТАД АВНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/07/20     МАЦУМОТО-ДАЛАНЗАДГАД ЧИГЛЭЛИЙН АНХНЫ ОЛОН УЛСЫН НИСЛЭГЭЭР ЯПОНЫ 80 ГАРУЙ ЖУУЛЧИН ИРЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/07/19     ТАЖИКИСТАН УЛСЫН ЕРӨНХИЙЛӨГЧ ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/07/19    
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