Mongolia Links Copper Royalty Cuts to Oyu Tolgoi Talks
A frozen tax reform reveals the state’s negotiating playbook
Mongolia’s government has set itself a deadline. By the end of June 2026, it wants to settle its dispute with Rio Tinto over the Oyu Tolgoi copper mine, following a parliamentary resolution passed in December 2025.
To get there, it has frozen a reform that would have cut the copper royalty surcharge, confirmed by mining minister Mining minister Damdinnyam. The tax cut now depends on how talks with Rio Tinto and Entrée Resources turn out.
