Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 529

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 529
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 entered into an equity participation and earn-in agreement (EPEA) with Ivanhoe Mines Ltd (now TRQ). Subsequently, TRQ transferred its interest under the EPEA in the Shivee Tolgoi and Javkhlant mining licences to Oyu Tolgoi LLC in 2005. The resulting economic interest in the minerals extracted from such licenses is currently held as follows: • 70% Oyu Tolgoi LLC / 30% Entrée Resources Ltd for minerals extracted from up to 560 m below the surface; and • 80% Oyu Tolgoi LLC / 20% Entrée Resources Ltd for minerals extracted more than 560 m below the surface – Amended and Restated Shareholders Agreement (ARSHA) dated 8 June 2011 among Oyu Tolgoi LLC, THR Oyu Tolgoi Ltd. (formerly Ivanhoe Oyu Tolgoi (BVI) Ltd.), Oyu Tolgoi Netherlands B.V. and Erdenes MGL LLC as amended on 2 October 2023. Erdenes MGL LLC since transferred its shares in Oyu Tolgoi LLC and its rights and obligations under the ARSHA to its subsidiary, Erdenes Oyu Tolgoi LLC. – Power Source Framework Agreement (PSFA) dated 31 December 2018, between the Government of Mongolia and Oyu Tolgoi LLC, including the amendment to the PSFA dated 18 June 2020. These agreements establish obligations and commitments of the involved parties, including the Government of Mongolia, providing clarity and certainty in respect of the development and operation of Oyu Tolgoi. Activities related to Oyu Tolgoi must be carried out in accordance with these agreements and the laws of Mongolia. As of the date of this Form 20-F filing, material permits and authorizations necessary to develop and operate Oyu Tolgoi have been obtained. Rights to mining are held under five Mine Licences. Three are 100% owned by Oyu Tolgoi LLC and two are subject to the EPEA between Entrée Resources Ltd and Oyu Tolgoi LLC, which established a joint venture arrangement between the parties, which enables Oyu Tolgoi LLC to carry out operations over the licensed areas, subject to the terms of the agreement. Although a formal joint venture agreement has not been signed, the earn-in requirements have been met. Both the Shivee Tolgoi and Javkhlant licences are operated by