Deadline Looms: Will Mongolia Seal Rio Tinto’s $295M Oyu Tolgoi Tax Deal?
- Mongolia Weekly
- Feb 3
- 3 min read
With the PDAC 2025 conference in Toronto approaching in March, Ulaanbaatar aims to finalize a settlement that balances investor confidence with domestic priorities.
Rio Tinto has proposed a $295 million settlement to resolve its tax dispute with the Mongolian government over the Oyu Tolgoi copper mine. According to Deputy Prime Minister Dorjkhand, who was at the Davos Economic Forum, the government is in talks to settle tax claims.
Rio Tinto’s offer arrives at a critical moment when Mongolia’s approach to foreign investment faces heightened scrutiny, especially following its recent uranium deal with France’s Orano, which is seen as more favorable to Mongolian interests.
Want to read more?
Subscribe to mongoliaweekly.org to keep reading this exclusive post.
