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Parliament Approves Oyu Tolgoi Follow-Up Measures As Mongolia Tightens Resource Oversight

The vote caps months of scrutiny, signaling a shift from inquiry to enforcement.

Overview

  • Lawmakers adopted a resolution to act on the special audit and open hearings into the Oyu Tolgoi deposits, passing it with 69 votes in favor (81.2% support) as the temporary oversight committee stood down.
  • Parliament ratified an EBRD loan agreement and an ADB general financing framework, opening additional external financing for priority programs.
  • The Constitutional Court suspended provisions in the parliamentary procedure law that delayed the start of confidence and no‑confidence debates, with the decision taking effect on December 26.
  • The government reported a completed national inventory of mining licences—18,412 issued historically with 2,775 currently valid—and identified 500+ linked companies, alongside about MNT 1.4 trillion in unpaid mineral royalties.
  • The cabinet submitted 33 state‑owned enterprises for potential 2026–2028 public offerings, while the prime minister cited improving indicators with foreign‑exchange reserves expected to exceed about $6.5 billion.