Mongolia Seeks to Renegotiate Rio Tinto’s Oyu Tolgoi Copper Deal

Published: Mar 11, 2026 09:39

Save

The Mongolian government is seeking to renegotiate the commercial terms of Rio Tinto’s Oyu Tolgoi copper mine agreement. Officials argue that the current financing and management terms are unfavorable for the country. Negotiations are ongoing as both sides attempt to reach a revised framework for the project.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Groundbreaking of the Yuncheng Grid-Side ESS Power Station Project in Shanxi

On March 10, the groundbreaking ceremony was held for the new-type grid-side ESS power station project in Yuncheng, Shanxi. Located in the Sci-Tech Innovation Demonstration Zone of the Hejin Economic and Technological Development Zone in Shanxi, the project adopts advanced LFP battery technology and will have a construction scale of 200 MW/400 MWh, making it a key supporting project for the new-type power system prioritized for development in Shanxi Province.

1 min ago

5 mins ago

China's Goods Trade Imports and Exports Rose 18.3% in the First Two Months

[General Administration of Customs Data] In the first two months of 2026, the total value of China's goods trade imports and exports reached 7.73 trillion yuan, up 18.3% YoY (the same hereinafter). Among them, exports totaled 4.62 trillion yuan, up 19.2%; imports totaled 3.11 trillion yuan, up 17.1%.

5 mins ago

1 hour ago

Mongolia Seeks Higher Profits and Revenue Share from Oyu Tolgoi Copper Mine Venture

The Mongolian government is demanding early profit sharing and a higher revenue share from the Oyu Tolgoi copper mine, a joint venture with Rio Tinto, and has reopened negotiations over the project's commercial terms. The government, which holds a 34% stake in the mine through state-owned Erdenes Mongol LLC, considers the current agreement unfair and is calling for accelerated dividend payments while seeking to increase its share of returns to approximately 60%.

1 hour ago