1 FAYE STEELE: LIVING IN MONGOLIA HAS TAUGHT ME TO BE PATIENT WWW.GOGO.MN PUBLISHED:2026/01/12      2 ”CHINGGIS КHAAN" INTERNATIONAL AIRPORT SETS A NEW HISTORIC MILESTONE WWW.GOGO.MN PUBLISHED:2026/01/12      3 2 KILLED IN NORTHERN MONGOLIA AS TRUCK FALLS INTO FROZEN LAKE WWW.XINHUANET.COM PUBLISHED:2026/01/12      4 CAPITAL STUDIES MAJOR RENOVATION OF CENTRAL CULTURAL PALACE AFTER 38 YEARS WWW.MONTSAME.MN PUBLISHED:2026/01/12      5 10 UNIVERSITIES IN JAPAN, SOUTH KOREA, MONGOLIA TO ESTABLISH ACADEMIC COMMUNITY TO PROMOTE ICC ACTIVITIES, RULE OF LAW WWW.JAPANNEWS.YOMIURI.CO.JP  PUBLISHED:2026/01/12      6 RIO-GLENCORE DEAL CLOSER THAN EVER WITH PREMIUM AND CEO IN FOCUS WWW.BLOOMBERG.COM PUBLISHED:2026/01/10      7 MONGOLIA'S INFLATION DOWN TO 7.5 PCT IN DECEMBER 2025 WWW.XINHUANET.COM PUBLISHED:2026/01/10      8 MONGOLIA ENERGY FACES MNT 412.3 BILLION TAX LIABILITY AFTER LOSING MONGOLIAN COURT CASE WWW.TIPRANKS.COM  PUBLISHED:2026/01/10      9 NUMBER OF FOREIGN NATIONALS RESIDING FOR OFFICIAL AND PRIVATE PURPOSES UP 7.4% WWW.MONTSAME.MN PUBLISHED:2026/01/10      10 SUSTAINABILITY RELATED REPORTING: READINESS ASSESSMENT MONGOLIA REPORT WWW.UNDP.ORG PUBLISHED:2026/01/10      ГАДААДЫН ХӨРӨНГӨ ОРУУЛАГЧДЫГ 40 ГАРУЙ ХУУЛЬ "ДӨНГӨЛЖ" БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/01/12     Х.НЯМБААТАР: ХАГАС КОКС ТҮЛШИЙГ УЛААНБААТАР ХОТООС ГАДНА 330 СУМ, 21 АЙМАГТ АШИГЛАДАГ БОЛГОНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/12     БАГАХАНГАЙ-ХӨШИГИЙН ХӨНДИЙ ХҮРТЭЛХ ТӨМӨР ЗАМЫН БАРИЛГА УГСРАЛТЫН АЖИЛ 90 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/12     ФЭЙ СТИЛ: МОНГОЛД АМЬДРАХ НЬ НАДАД ТЭВЧЭЭРТЭЙ БАЙХЫГ ЗААСАН WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/12     Г.ЗАНДАНШАТАР: ЗАМЫН-ҮҮД СУМЫГ ХОТЫН СТАТУСТАЙ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/01/12     ГАДААД ХУДАЛДААНЫ АШИГ ОНЫ ДҮНГЭЭР 4.4 ТЭРБУМ АМ.ДОЛЛАР ХҮРЧ, 5.3 ХУВИАР ӨСЛӨӨ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/01/12     2026 ОНЫ ХЯТАДЫН НҮҮРСНИЙ БОДЛОГЫН ТӨЛӨВ БА МОНГОЛД ҮЗҮҮЛЭХ НӨЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/12     Б.ДЭЛГЭРСАЙХАН: ХӨШИГИЙН ХӨНДИЙН ТӨМӨР ЗАМ, НАВИГАЦЫН ТОНОГ ТӨХӨӨРӨМЖИЙН ШИНЭЧЛЭЛИЙГ ЭНЭ ОНД ДУУСГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/11     УРЬДЧИЛАН ЗАХИАЛГА ӨГСӨН 260 ИРГЭНИЙГ ХОЁР ТЭРБУМ ТӨГРӨГӨӨР ХОХИРООЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/01/11     GLENCORE, RIO TINTO КОМПАНИУД НЭГДЭХ ХЭЛЭЛЦЭЭ ХИЙЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/01/10    

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