Mongolia Seeks Early Cash Returns From Rio’s Oyu Tolgoi Mine

Mongolia’s government demanded early profit payments and a bigger share of revenue from the massive Oyu Tolgoi copper mine it co-owns with Rio Tinto Group, according to a statement.

The government, which holds a 34% interest in the project via state-owned Erdenes Mongol LLC., wants dividend payments to shareholders to be brought forward and to take in 60% of “returns,” Prime Minister Zandanshatar Gombojav said in a meeting with Rio’s head of copper Katie Jackson on Monday.