Resource nationalism is prevalent: copper prices are high, and Mongolia demands a larger share of the revenue from the "Oyu Tolgoi" copper-gold mine invested by Australian company Rio Tinto. The Mongolian side proposed that Mongolians should serve as executive directors of the Oyu Tolgoi company.
The Prime Minister of Mongolia held a video conference with the leadership of the "Oyu Tolgoi" company.
Mongolia News Agency, Ulaanbaatar, November 13th, the Prime Minister of Mongolia, G. Zandanshatar, held a video conference with Katie Jackson, President of Rio Tinto's Copper Division on November 12th, exchanging views on issues such as increasing the economic returns of the "Oyu Tolgoi" project to Mongolia.
During the meeting, Prime Minister G. Zandanshatar and Ms. Katie Jackson emphasized that the negotiations between both sides on reducing the loan interest rate and management fees for the "Oyu Tolgoi" project are progressing smoothly and have reached a general consensus.
Both sides agreed that it is important to achieve substantial results in the negotiations. The Prime Minister also pointed out that the issue of reducing the loan interest rate should be handled and resolved separately from the license issue of the "ONTRE" Limited Liability Company.
Katie Jackson, President of Rio Tinto's Copper Division, stated that she would actively and closely cooperate to implement the suggestions made by the Prime Minister to increase the benefits of the "Oyu Tolgoi" project for Mongolia.
Mongolia News Agency, Ulaanbaatar, November 12th, the Prime Minister of Mongolia, G. Zandanshatar, held an online meeting with Katie Jackson, CEO of Rio Tinto's Copper Division on November 11th, exchanging views on how to increase the benefits brought by the Oyu Tolgoi project to Mongolia.
At the meeting, Prime Minister G. Zandanshatar and Ms. Katie Jackson pointed out that the negotiations between both sides on reducing the interest rate and management fees for the Oyu Tolgoi project are progressing smoothly and have reached a general consensus.
Both sides agreed that it is crucial to successfully advance the negotiations and achieve tangible results. In addition, the Prime Minister emphasized that the issue of reducing the loan interest rate should be handled and resolved separately from the license issue of the "Ontre" Limited Liability Company.
He emphasized that in the future, the appointment of Mongolian citizens nominated and appointed by the Mongolian side to serve as executive directors of the "Oyu Tolgoi" company will be an important step in fully representing the national interests of Mongolia.
Katie Jackson, CEO of Rio Tinto's Copper Division, stated that he will actively and closely cooperate with the Prime Minister's proposal to increase the benefits brought by the Oyu Tolgoi project to Mongolia.
Original: www.toutiao.com/article/1848678583040012/
Statement: This article represents the personal views of the author.