On July 10, 2023, the Prime Minister of Mongolia L. Oyun-Erdene received the Chairman of the Board of Directors of the Rio Tinto Group Dominic Barton, who is participating in the "Mongolia Economic Forum-2023" under the slogan "Welcome to Mongolia."

At the beginning of the meeting, Prime Minister L. Oyun-Erdene expressed his gratitude for the participation and high significance the management of the Rio Tinto Group attaches to the Mongolia Economic Forum-2023. “The participants of Mongolia Economic Forum appreciated the speech you presented today. Rio Tinto is a visionary company and I am confident that the project implemented in our country will be successful."

Dominic Barton, Chairman of the Board of Directors of the Rio Tinto Group, noted that the "Vision 2050" document implemented by the Government of Mongolia is a road map that clearly shows what we are aiming for in the future, so we must contribute as an active and responsible company. It does not have to be just the mining industry. Mongolia has full potential to create a diversified and sustainable economy. By 2028, Oyu Tolgoi will produce 500,000 tons of copper per year. That is enough copper to produce six million electric cars a year. He said that by 2030, Oyu Tolgoi is expected to become the fourth largest copper mine in the world, and expressed intention to cooperate in the long term.

The parties agreed to jointly implement renewable energy and irrigation projects in the Gobi region.