The negotiations to reduce the management fees for the large copper mine Oyu Tolgoi project, invested by the Australian and British mining company Rio Tinto, will be completed within three months.
Mongolia News Agency, Ulaanbaatar, March 13th, according to information from the Mongolian Ministry of Industry and Mineral Resources, the negotiations on reducing the management fee ratio of the Oyu Tolgoi project are being accelerated. It is planned to complete them and make a final decision within this March.
A working group established by the Prime Minister's Order No. 68 is responsible for studying the issue of reducing the management fee ratio of the Oyu Tolgoi project. The working group held a meeting with the investor - Rio Tinto Company on March 12th, and both sides continued to discuss the various proposals previously put forward at the working level.
The investor has submitted an updated plan to the Mongolian side, but it still does not meet the requirements proposed by Mongolia. Therefore, both sides have agreed that the investor will further improve the plan in the near future and explain the relevant calculation results to the Mongolian side.
Both sides have agreed to complete and end the relevant negotiations within this month.
Original article: toutiao.com/article/1859799045629964/
Statement: This article represents the views of the author himself.