Ulaanbaatar
The Government of Mongolia, Rio Tinto Agree to Negotiation Protocol
Politics
Ulaanbaatar, October 31, 2025 /MONTSAME/. The government of Mongolia and Rio Tinto group have begun negotiations regarding interest rates and management service fees for Oyu Tolgoi shareholders.
On the first day of negotiations between
the government working group, established by Prime Minister Zandanshatar Gombojov, and
the authorized working group of the Rio Tinto Group, the parties reached
agreement on certain issues and signed a protocol.
The
protocol confirmed that formal negotiations have officially begun to review the
fairness of the loan interest rate of the shareholders for the Oyu
Tolgoi project. The parties aim to reach a decision by 31
January 2026. If an agreement is not reached within this
timeframe, the parties have agreed that the deadline will be extended.
It was also
agreed to determine the shareholders’ loan interest rate in accordance with international market standards and to
discuss other conditions related to the loan interest.
Regarding
management service fees, the parties agreed to work toward a solution that is fair, internationally acceptable, and reasonable,
while striving to maintain the composition of the working groups throughout
the negotiations.
The
negotiations are ongoing, the Government Media and Public Relations Office
reported.
