Ulaanbaatar
Proposal Made to Appoint Mongolian National as CEO of Oyu Tolgoi
Politics
Ulaanbaatar, November 12, 2025 /MONTSAME/. Prime Minister Zandanshatar Gombojav held a virtual meeting with Katie Jackson, Chief Executive of the Copper Division of the Rio Tinto company, on November 11, 2025, to discuss ways to increase the benefits of the Oyu Tolgoi project for Mongolia.
During the meeting, Prime Minister Zandanshatar and Katy Jackson noted that bilateral negotiations on reducing the project’s loan interest rate and management fees are progressing successfully and that a principled agreement has been reached. Both sides agreed on the importance of advancing the talks further and achieving tangible results. The Prime Minister also emphasized that the issue of reducing the loan interest rate should be addressed separately from the licensing matters of “Ontre” LLC.
He further highlighted that having the Oyu Tolgoi company’s CEO nominated and appointed from the Mongolian side would be a significant step toward ensuring Mongolia’s interests are fully represented.
Ms. Katy Jackson reaffirmed Rio Tinto’s commitment to working actively and closely with the Mongolian Government to implement the Prime Minister’s proposals and to increase Mongolia’s share of benefits from the Oyu Tolgoi project.
