---
title: "Rio Tinto is actively negotiating with Mongolia regarding the Oyu Tolgoi copper mine"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278492885.md"
description: "Rio Tinto is actively negotiating with Mongolia regarding the Oyu Tolgoi copper mine project. This mine is one of the largest copper mines in the world, and copper is a crucial raw material for electric vehicles and data centers. Mongolia hopes to reduce the interest rate on loans provided by Rio Tinto and gradually eliminate the annual management fee that Rio Tinto charges for the project. Rio Tinto stated that the discussions aim to collaboratively develop Oyu Tolgoi for the benefit of all partners"
datetime: "2026-03-10T05:00:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278492885.md)
  - [en](https://longbridge.com/en/news/278492885.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278492885.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278492885.md) | [繁體中文](https://longbridge.com/zh-HK/news/278492885.md)


# Rio Tinto is actively negotiating with Mongolia regarding the Oyu Tolgoi copper mine

Rio Tinto stated that the company is in negotiations with Mongolia regarding the large copper mining project Oyu Tolgoi. This mine is one of the largest copper reserves in the world, and copper is a metal essential for manufacturing electric vehicles and data centers. According to media reports on Tuesday citing the head of the Mongolian state-owned mining company Erdenes Mongol, Mongolia is seeking to lower the interest rate on a loan provided by Rio Tinto and gradually eliminate the annual management fee charged by the mining giant for the project. Erdenes Mongol holds a 34% stake in the Oyu Tolgoi project, while Rio Tinto holds the remaining shares and is responsible for its operation. Rio Tinto stated in a statement released via email on Tuesday: "We are actively negotiating with the Mongolian government." Rio Tinto said: "These discussions reflect our continued commitment to working together to fully realize the potential of Oyu Tolgoi for the benefit of all partners."

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