Оюутолгой
THE GOVERNMENT TO INTENSIFY NEGOTIATIONS WITH RIO TINTO ON INCREASING THE RETURNS OF THE OYU TOLGOI PROJECT
On Thursday, February 12, 2026, H. Amarjargal, Country Director of Rio Tinto in Mongolia; S. Munkhsukh, Chief Executive Officer of Oyu Tolgoi LLC; B. Dulamsuren, Chief Financial Officer; and Andrew Laya, Chief Operating Officer, met with the Prime Minister of Mongolia, G. Zandanshatar, and formally delivered the response letter from Katie Jackson, Chief Executive of Rio Tinto Copper.
RE-NEGOTIATING AROUND OYU TOLGOI TO ENABLE GREATER MUTUAL BENEFITS
As Oyu Tolgoi, one of the world's largest copper mines with the potential to rank among the top three globally, approaches peak production, the government is entering negotiations with Rio Tinto. Under their existing agreement, negotiations are stipulated every seven years, and this round of negotiations is particularly important. It aims not only to enhance Mongolia's returns from Oyu Tolgoi but also to resolve issues related to Entrée Resources.
MISTAKES AND ACHIEVEMENTS OF THE OYU TOLGOI INVESTMENT AGREEMENT DISCUSSED AFTER 16 YEARS
An open parliamentary hearing on the Oyu Tolgoi Investment Agreement December 8, 10, and 12. The hearing was organized by the Interim Oversight Committee, whose official mandate is to supervise and review documents and activities related to safeguarding Mongolia’s national interests and increasing the benefits derived from the exploitation of the Oyu Tolgoi group of deposits.
Oyu Tolgoi LLC produced 46,884 ounces of gold in concentrate
As of the second quarter of 2024, Oyu Tolgoi LLC produced 52,531 tonnes of copper in concentrate and 46,884 ounces of gold in concentrate. The company presented its Q2 2024 performance scorecard on August 21, during which Chief Executive Officer Deirdré Lingenfelder highlighted the outstanding achievements of the reporting period.
