The Mongolian Government may increase its interest in the Oyu Tolgoi project from 34% to 50%.

The copper project is being jointly developed by Rio Tinto and Ivanhoe Mines.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Under the terms of the original contract signed in 2009, Mongolia can increase its stake only after 30 years, reports BBC News.

Mongolia’s mining minister Dashdorj Zorigt said that the government plans to send a proposal to renegotiate the timeframe.

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now