On June 30, Prime Minister Uchral Nyam-Osor announced that the Government of Mongolia has achieved a historic breakthrough in the Oyu Tolgoi negotiations ahead of the National Naadam Festival.

First, under the updated agreement, Oyu Tolgoi's management costs have been reduced by USD 2.2 billion (approximately MNT 8 trillion), increasing the Mongolian side's financial return by USD 1.5 billion (around MNT 5 trillion).

On the threshold of the government's first 100 days, the shareholder loan interest rate has been slashed by 2.5 percentage points, dropping from 10.5% to 7.9%. This adjustment saves USD 6.2 billion (MNT 22 trillion) that would have otherwise gone toward loan interest payments, boosting Mongolia's future returns by MNT 8 trillion.

Second, the negotiation window to lower shareholder loan interest rates, which previously opened only once every 7 years, has been shortened to every 3 years.

Third, Mongolia will begin receiving its Oyu Tolgoi dividends this year, moving the timeline up significantly from the previously projected year of 2037.

In total, the negotiations have slashed costs by USD 8.4 billion (over MNT 30 trillion) and increased Mongolia's future direct returns by USD 4 billion (MNT 13 trillion).

"Mongolia's wealth must benefit the Mongolian people. As a democratic and free nation, we will always support foreign investment. We will equally protect the legitimate interests of all investors alongside the rights of our own citizens, and we look forward to continuing our close cooperation," the Prime Minister stated.

Published Date:2026-07-01