At the regular session of the Cabinet of Mongolia, Minister of Finance Mendsaikhan Zagdjav presented the outcomes of negotiations with the investor regarding the review and adjustment of the Oyu Tolgoi project's shareholder loan interest rate.

“During the initial stage of negotiations, the parties reached an in-principle agreement to reduce the loan interest rate, which was formalized by a protocol. Official negotiations with the investor commenced in October 2025. Following a total of five rounds of talks with Rio Tinto over this period, we have successfully reached an agreement to lower the shareholder loan interest rate," stated the Minister.

He continued, "The Oyu Tolgoi shareholder loan interest rate has been reduced. As a result, USD 6.2 billion, or MNT 22 trillion, that would have been paid toward the loan will be saved, paving the way for the Mongolian side's economic benefits to increase by USD 2.5 billion, or approximately MNT 8 trillion.

"Furthermore, the review of the Oyu Tolgoi shareholder loan interest rate, which was previously conducted once every seven years, will now take place every three years. The parties also agreed to receive dividends from Oyu Tolgoi this year."

Published Date:2026-07-02