Rio Tinto PLCRIO
▲ PositiveCapitalrelevance
Rio Tinto and Mongolia agreed to adjust the Oyu Tolgoi loan interest rate, reducing financial risk and improving project terms.

Rio Tinto and the government of Mongolia have agreed to adjust the interest rate on the shareholder loan for the Oyu Tolgoi copper and gold project, reflecting an updated assessment of the project's risk profile as it matures. The two parties also agreed to review the appropriateness of the rate and to work together on matters relating to the Entrée mine lease areas. Oyu Tolgoi, Rio Tinto's flagship project in Mongolia, is 66 percent owned by Rio Tinto and 34 percent by the Mongolian government, and remains on track to deliver an average of 500 thousand tonnes per annum of copper from 2028 to 2036.
Rio Tinto PLCRio Tinto and Mongolia agreed to adjust the Oyu Tolgoi loan interest rate, reducing financial risk and improving project terms.