Overview
- Parliament’s temporary oversight committee began open sessions reviewing evidence on the Oyu Tolgoi group-of-deposits, focusing first on the Javhlant (MV-15225) and Shivee Tolgoi (MV-15226) licences.
- Committee leaders said they received 92,467 pages of documents, about 51% marked confidential, while Oyu Tolgoi executives said the markings reflect internal company rules and do not limit the committee’s access.
- Oyu Tolgoi representatives told lawmakers feasibility and resource models are updated on a five‑year cycle and support mine plans through the mid‑century, with no separate “internal” feasibility study.
- Ontrè’s CEO said extracting its licence area separately would be uneconomic and cited agreements allowing Oyu Tolgoi to operate the area, as witness Ts. Myanganbayar recounted a 2003 transfer valued at about US$10.5 million in cash and shares tied to debt settlement.
- Separately, Ulaanbaatar reported progress on urban projects: a CHP-5 contractor is in place with construction slated for 2026 and commissioning in 2028, 1.6 km of the Tuul‑1 wastewater collector is assembled toward a 2028 target, a First Ring Road MoU with Erdenes Mongol sets 15% co‑funding and a 2026–2028 build, sidewalk upgrades coincided with a 15% drop in slip injuries, and a tram PPP tender is due this week.