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Oyu Tolgoi

Oyu Tolgoi is a large copper and gold mine located in the South Gobi Desert of Mongolia, approximately 550 kilometres south of the capital Ulaanbaatar and 80 kilometres north of the Mongolia–China border. The mine is operated by Oyu Tolgoi LLC, a joint venture between the Government of Mongolia (34% stake) and Turquoise Hill Resources (66% stake), which is majority-owned by Rio Tinto. Rio Tinto manages the day-to-day operations of the mine under an investment agreement signed in 2009. Oyu Tolgoi is one of the world's largest known copper and gold deposits, with significant reserves that position it as a globally significant source of these metals. The mine comprises both open-pit and underground operations, with the underground expansion representing one of the largest and most complex mining projects globally. Commercial production from the open pit began in 2013, while the underground mine reached sustainable production in 2023 after years of development challenges and cost overruns. At full capacity, Oyu Tolgoi is expected to produce hundreds of thousands of tonnes of copper concentrate annually, making it a cornerstone of Mongolia's economy and a critical asset in global copper supply chains. The project has faced various challenges including technical complexities, funding disputes, and negotiations between Rio Tinto, Turquoise Hill Resources and the Mongolian government over project costs, timelines and revenue sharing. The mine represents a transformative economic development for Mongolia, contributing substantially to the country's GDP and export revenues.

Oyu Tolgoi News


Oyu Tolgoi mine
Rio Tinto resumes copper exports from massive Mongolian mine
18th June 2026 By: Bloomberg

Rio Tinto Group has resumed exports of copper concentrate from its vast Oyu Tolgoi copper mine in Mongolia following a short protest. The protesters began a blockade of a key road on Wednesday... 


Rio Tinto's Oyu Tolgoi concentrator in Mongolia
Protests at Rio Tinto’s Mongolia copper mine disrupt cargoes
17th June 2026 By: Reuters

A protest at Rio Tinto Group’s massive Oyu Tolgoi copper mine in Mongolia is threatening deliveries of concentrate, according to a social media post from the company’s local subsidiary. The... 


Rio Tinto iron-ore piles in Pilbara
Rio Tinto flags possible supply chain risks, posts higher Q1 iron-ore sales
21st April 2026 By: Reuters

Miner Rio Tinto warned on April 21 of limited visibility on the effects of the Middle East war on its supply chains in the second half of the 2026 financial year, but stronger production from its... 


Rio Tinto expects Resolution Copper mine to open by mid-2030s
Rio Tinto expects Resolution Copper mine to open by mid-2030s
25th March 2026 By: Reuters

Rio Tinto aims to open Arizona's Resolution Copper mine by the mid-2030s but may need to export some of its copper concentrate due to the challenging economics of smelting in the US, a senior... 


Mongolia urges Rio Tinto to rewrite terms of Oyu Tolgoi copper mine, FT reports
Mongolia urges Rio Tinto to rewrite terms of Oyu Tolgoi copper mine, FT reports
10th March 2026 By: Reuters

Mongolia is seeking to renegotiate the "unfair" commercial terms of mining giant Rio Tinto's $18-billion Oyu Tolgoi copper mine, the Financial Times reported on Monday. Mongolia's Prime Minister... 


Simon Trott addressing the Rio Tinto results presentation on Thursday.
With Glencore deal off the table, Rio Tinto says copper growth already under way
6th March 2026 By: Mariaan Webb

After merger talks with diversified miner and trader Glencore fell short on valuation, diversified major Rio Tinto moved to emphasise that its copper growth strategy is already being delivered... 


Simon Trott addressing the Rio Tinto results presentation on Thursday.
With Glencore deal off the table, Rio Tinto says copper growth already under way
19th February 2026 By: Mariaan Webb

After merger talks with diversified miner and trader Glencore fell short on valuation, diversified major Rio Tinto moved to emphasise that its copper growth strategy is already being delivered... 


Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow
Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow
19th February 2026 By: Reuters

Rio Tinto on Thursday reported flat annual earnings that missed expectations as weaker iron-ore prices weighed on its core business, while stronger copper prices and higher output helped limit the... 


Rio Tinto CEO Simon Trott
Rio Tinto leans on copper as Pilbara steadies after earlier storms
6th February 2026 By: Mariaan Webb

Diversified miner Rio Tinto reported robust production results for 2025, highlighted by an 8% year-on-year increase in copper-equivalent output. The strong performance was driven by the company’s... 


trucks on mine
Spot metal prices signal sharp earnings upside for major miners in 2026, report shows
28th January 2026 By: Darren Parker

Major diversified mining companies are set to accelerate earnings upgrades this year, with current spot metal prices implying about 18% to 21% upside to one-year forward consensus earnings before... 


Rio Tinto CEO Simon Trott
Rio Tinto leans on copper as Pilbara steadies after earlier storms
21st January 2026 By: Mariaan Webb

Diversified miner Rio Tinto reported robust production results for 2025, highlighted by an 8% year-on-year increase in copper-equivalent output. The strong performance was driven by the company’s... 


Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
18th December 2025 By: Reuters

Guinea's Simandou mega mining project, promoted by the military government as a symbol of the country's economic transformation, is laying off thousands of workers just as it begins exporting... 


Russian court rules in favour of Rusal in $1.32bn lawsuit against Rio Tinto
Russian court rules in favour of Rusal in $1.32bn lawsuit against Rio Tinto
17th December 2025 By: Reuters

A Russian court has ruled in favour of Rusal in the aluminium giant's 104.75-billion-rouble ($1.32-billion) lawsuit against global mining and metals company Rio Tinto, according to court... 


Rio Tinto limits lithium to in-flight projects only
Rio Tinto limits lithium to in-flight projects only
5th December 2025 By: Mariaan Webb

Diversified mining giant Rio Tinto has reined in its lithium growth plans, confirming at its capital markets day in London that it will restrict investment to projects already under way, with any... 


Rio Tinto CEO Simon Trott
Rio Tinto flags as much as $10bn in asset sales under refreshed strategy
4th December 2025 By: Mariaan Webb

Commodities major Rio Tinto is opening the door to as much as $10-billion in divestments as part of a strategy reset aimed at sharpening its portfolio, lifting productivity and delivering... 


Rio Tinto trials battery-swap electric haul trucks at Oyu Tolgoi
Rio Tinto trials battery-swap electric haul trucks at Oyu Tolgoi
27th October 2025 By: Creamer Media Reporter

Diversified miner Rio Tinto has launched its first battery-swap electric haul truck trial at the Oyu Tolgoi copper mine, in Mongolia, in partnership with China’s State Power Investment Corporation... 


Rio Tinto weighs asset-for-equity swap with Chinalco to end governance gridlock, sources say
Rio Tinto weighs asset-for-equity swap with Chinalco to end governance gridlock, sources say
22nd October 2025 By: Reuters

Rio Tinto is exploring a potential asset-for-equity swap with Chinalco that would trim the Chinese investor's 11% stake, freeing up Rio to resume buybacks and pursue new strategic deals, three... 


The lawsuit sought damages on behalf of Turquoise Hill shareholders.
US judge set to approve Rio Tinto's $138.75m Mongolia mine settlement
16th October 2025 By: Reuters

A US judge on Wednesday said he was ready to approve Rio Tinto's agreement to pay $138.75-million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by... 


Rio Tinto CEO Simon Trott
Rio Tinto needs strong finish in iron-ore, ups bauxite guidance
14th October 2025 By: Mariaan Webb

Diversified mining major Rio Tinto said on Tuesday it would need a strong final quarter to meet its full-year iron-ore shipment guidance after third-quarter output showed only a modest recovery... 


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