Rio Tinto and Government of Mongolia agree to adjust Oyu Tolgoi shareholder loan interest rate
Published by Jody Dodgson,
Editorial Assistant
Global Mining Review,
Rio Tinto and the Government of Mongolia have also agreed to work together to resolve matters relating to the Entrée mine lease areas in a timely manner and bring forward distributions to shareholders.
Rio Tinto Copper Chief Executive Katie Jackson said: “This agreement, along with the agreement in principle on management fees reached in May, demonstrates Rio Tinto’s ongoing commitment to the long-term success of Oyu Tolgoi and our partnership with the Government of Mongolia.
The adjusted rate reflects a forward-looking assessment of Oyu Tolgoi’s risk profile as the project matures to a lower risk, steady state operation that will achieve its full potential for the benefit of all parties.”
The ramp up of production at Oyu Tolgoi remains on track to deliver an average of around 500 tpy of copper from 2028 to 2036.
As the largest-ever foreign direct investment made in Mongolia, Oyu Tolgoi employs around 17 000 people, 97.8% of which are Mongolian, and has returned US$6.1 billion in taxes, fees, and other payments since 2010.
Read the article online at: https://www.globalminingreview.com/mining/01072026/rio-tinto-and-government-of-mongolia-agree-to-adjust-oyu-tolgoi-shareholder-loan-interest-rate/