Ulaanbaatar
Mongolian Government and Rio Tinto Agree to Reduce Loan Interest Rate for Oyu Tolgoi Project
Politics
Ulaanbaatar, November 3, 2025 /MONTSAME/. Negotiations between the Government working group, established by the order of the Prime Minister of Mongolia, and the authorized working group of the Rio Tinto Group on reducing the shareholders’ loan interest rate for the Oyu Tolgoi project successfully concluded their second day on October 31, 2025.
As a result of the talks, the
parties reached an agreement to lower the loan interest rate,
and a protocol confirming this was signed by Javkhlan
Bold, Minister of Finance, who heads the negotiation, and Tim Wilcox, Managing Director of Business Development at
the Rio Tinto Group.
Following this, the initial round of negotiations has been
temporarily adjourned. The Rio Tinto side will review and consider the
additional information and proposals presented by the Mongolian side, and the negotiations
are scheduled to resume in November.
