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Mongolia Weighs Deputy Speaker’s Ouster as OT Interest-Cut Talks Progress and ETT Contracts Go Public

The day’s developments highlight political fallout colliding with a drive to tighten accountability over state assets.

Overview

  • Parliament’s Legal Affairs Committee urged the ruling party caucus to submit a motion to remove Deputy Speaker Kh. Bulgantuya following the Constitutional Court’s finding, while the Democratic Party caucus secured a five working day recess, delaying a floor vote.
  • Senior lawmakers including L. Oyun-Erdene and D. Ganbat criticized the Constitutional Court’s decision as overreach into parliamentary procedure, reflecting sharp divisions over how to respond to the ruling.
  • Industry and Minerals Minister G. Damdinnyam said Mongolia and Rio Tinto signed a protocol in which the company pledged to reduce Oyu Tolgoi shareholder loan interest and agreed to lift the seven-year review lock, with decisions targeted by January 30, 2026.
  • The cabinet ordered Erdenes Tavan Tolgoi to publish 581 of 586 coal sales contracts from 2010–2025 on its website, with five long-term, mine-gate agreements pending partner consent, and began steps for independent audits to prepare for a potential listing.
  • Lawmakers advanced third readings of the 2026 budget projecting a 2.0 trillion MNT base surplus, as the government approved measures to overhaul the Health Insurance Fund and appointed Ts. Batbaatar as its new director.