en.Wedoany.com Reported - Rio Tinto and the Mongolian government have reached an agreement on the Oyu Tolgoi copper mine project, adjusting the interest rate terms and agreeing to work together to timely resolve matters related to the Entrée mine lease area and advance dividend distributions to shareholders.

Katie Jackson, CEO of Rio Tinto Copper, stated that this agreement, along with the in-principle agreement on management fees reached in May, reflects Rio Tinto's ongoing commitment to the long-term success of Oyu Tolgoi and its partnership with the Mongolian government. She noted that the adjusted interest rate is based on a forward-looking assessment of the project's risk profile, and as the project transitions from the construction phase to stable operations, it will unlock its full potential and create value for all parties.

Production ramp-up at Oyu Tolgoi is progressing as planned, with an expected average annual copper production capacity of approximately 500 tonnes between 2028 and 2036.

As the largest foreign investment project in Mongolia, the mine currently employs approximately 17,000 workers, with Mongolian nationals accounting for 97.8% of the workforce. Since 2010, the project has contributed $6.1 billion in taxes, fees, and other payments to the Mongolian government.