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Oyu Tolgoi Management Fee Agreed to Be Halved www.montsame.mn
A working group established under Prime Ministerial Order No. 68 to reduce the management fee rate of the Oyu Tolgoi project is currently holding talks with the investor-side Rio Tinto.
Prime Minister Uchral Nyam-Osor stated that “the Government has achieved its first successful outcome in the Oyu Tolgoi negotiations.” The working group, led by Minister of Industry and Mineral Resources Damdinnyam Gongor, has reportedly reached an agreement with Rio Tinto to cut the Oyu Tolgoi project’s management fee by half and eliminate overlapping charges.
According to the Government Media and Public Relations Department, the agreement is expected to reduce costs by USD 2.2 billion and increase Mongolia’s benefits from the project by USD 1.5 billion.
Published Date:2026-05-20
