Mongolia Seeks to Renegotiate "Unfair" Terms of $18B Rio Tinto Copper Mine Deal

Published: Mar 10, 2026 22:49

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According to a Monday report by the Financial Times, Mongolia was seeking to renegotiate the "unfair" commercial terms of the $18 billion Oyu Tolgoi copper mine owned by mining giant Rio Tinto.The report said Mongolian Prime Minister Gombojavyn Zandanshatar stated at a meeting that the current agreement between the two sides was "unfair."The report said Mongolian government officials would meet with Rio Tinto executives this week to discuss the terms of the deal.

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