---
title: "Mongolia reportedly seeks to renegotiate the loan agreement with Rio Tinto for the Oyu Tolgoi copper-gold mine"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278481171.md"
description: "The Mongolian government is seeking to renegotiate the loan agreement with Rio Tinto, which was used for the construction of the Oyu Tolgoi copper-gold mine. Mongolia hopes to lower the loan interest rate and reduce Rio Tinto's management fees. The Prime Minister of Mongolia will meet with the head of Rio Tinto's copper business to discuss commercial terms. Rio Tinto stated that it is actively negotiating with the Mongolian government to unlock the project's potential and ensure benefits for all parties involved"
datetime: "2026-03-10T03:01:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278481171.md)
  - [en](https://longbridge.com/en/news/278481171.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278481171.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278481171.md) | [繁體中文](https://longbridge.com/zh-HK/news/278481171.md)


# Mongolia reportedly seeks to renegotiate the loan agreement with Rio Tinto for the Oyu Tolgoi copper-gold mine

According to reports, the government of Mongolia is seeking to renegotiate a loan agreement with Rio Tinto. The loan funds were previously used to cover Mongolia's share of the investment in the construction of the Oyu Tolgoi large copper-gold mine.

Reports indicate that the state-owned mining company Erdenes Mongol LLC holds a 34% stake in the Oyu Tolgoi project. The Mongolian government hopes to lower the loan interest rate and reduce the management fees that Rio Tinto charges annually as the mine operator.

According to the reports, Mongolian Prime Minister L. Oyun-Erdene will meet with Katie Jackson, head of Rio Tinto's copper business, this week to discuss the commercial terms of the joint venture project.

A spokesperson for Rio Tinto stated in an email: "We are actively negotiating with the government of Mongolia. These discussions reflect our ongoing commitment to work together to fully unlock the potential of the Oyu Tolgoi project for the benefit of all partners."

### Related Stocks

- [Rio Tinto Group (RIO.US)](https://longbridge.com/en/quote/RIO.US.md)
- [Rio Tinto Limited (RIO.AU)](https://longbridge.com/en/quote/RIO.AU.md)

## Related News & Research

- [Rio Tinto Restarts Iron Ore And Secures Boyne Deal As Valuation Questioned](https://longbridge.com/en/news/281253548.md)
- [Rio Tinto Updates Documentation for US$10 Billion Euro Medium Term Note Programme](https://longbridge.com/en/news/281228731.md)
- [Jade Gas Raises A$1.8m to Advance Mongolia’s First Commercial Gas Operation](https://longbridge.com/en/news/281096177.md)
- [Rio Tinto gets A$2 billion government support to keep Boyne smelter running](https://longbridge.com/en/news/280966098.md)
- [BUZZ-Copper miners gain as red metal touches two-week high](https://longbridge.com/en/news/281355807.md)