Rio Tinto is currently negotiating actively with Mongolia about the Oyu Tolgoi copper mine.

Rio Tinto said that the company is in negotiations with Mongolia regarding the large copper mine project Oyu Tolgoi. The mine is one of the largest copper reserves in the world, and copper is a metal essential for making electric cars and data centers. According to media reports on Tuesday citing the head of Mongolia's state-owned mining company Erdenes Mongol, Mongolia is seeking to lower the interest rates paid on a loan provided by Rio Tinto and gradually eliminate the annual management fee charged by the mining giant for the project. Erdenes Mongol holds 34% of the shares in the Oyu Tolgoi project, while Rio Tinto holds the remaining shares and is responsible for operations. Rio Tinto said in a statement released via email on Tuesday: "We are actively negotiating with the Mongolian government." Rio Tinto said: "These discussions reflect our continued commitment to working together to fully realize the potential of Oyu Tolgoi and benefit all partners."