Twenty copper projects that could generate 4.1 trillion MNT in Mineral Resource Royalty (MRR) revenue for the state budget and attract 5.7 trillion MNT in investment have been placed on indefinite hold.
The government announced to the public on June 30, in a brief statement, outlining the outcome of the Oyu Tolgoi negotiations to reduce the project's loan interest rate. Specifically, it announced that the interest rate on shareholder loans financing the Oyu Tolgoi project would be reduced from 10.5% (6.5% + SOFR) to 7.9% (4% + SOFR).
The coking coal market has shown clear signs of recovery over the past three months, with prices strengthening and overall market conditions improving.
