The Economic Standing Committee of the Parliament discussed a draft parliamentary resolution on December 23, 2025, aimed at safeguarding Mongolia’s national interests and increasing the country’s benefits from the operation of the Oyu Tolgoi group of deposits.
The discussion followed Parliament’s plenary session held on December 19, during which lawmakers reviewed the findings of a temporary oversight committee established under Resolution No. 62 of 2025. The committee was mandated to conduct a special inspection and hold open hearings on agreements, operations, and financial arrangements related to Oyu Tolgoi. Chair of the Economic Standing Committee R. Seddorj informed members that Parliament had instructed the committee to review the draft resolution and submit its conclusions. The draft was presented by Member of Parliament and Chair of the oversight committee O. Batnairamdal.
The temporary oversight committee, established in July 2025, engaged six inspectors and 12 experts, collected documents from 27 institutions, and conducted on-site inspections at 17 organisations. It reviewed more than 92,000 pages of evidence, held 13 meetings, and organised three days of open hearings before finalising its findings and recommendations.
The draft resolution calls for a comprehensive review of the implementation of the 2011 Shareholders’ Agreement signed between Erdenes Mongolia LLC, Ivanhoe Oyu Tolgoi (BVI) Ltd, Oyu Tolgoi Netherlands B.V., and Oyu Tolgoi LLC. It proposes reassessing lost opportunity costs, aligning existing agreements with Mongolia’s Constitution and relevant legislation, and amending related legal and contractual documents accordingly.
The resolution further emphasises the need to guarantee that Mongolia’s share of benefits from the project is no less than 53 percent, introduce a mechanism to review this share every five years, and require Oyu Tolgoi LLC to disclose benefit calculations for each party separately in its annual reports. It also calls for reducing interest rates on shareholder and third-party financing in line with market-based principles, strengthening oversight of mining operations, and continuing geological exploration to expand production reserves and enhance the deposit’s overall value.
In addition, the draft proposes a legal review of decisions related to mining licences in the strategically significant “Javkhlant” and “Shivee Tolgoi” areas located near the Oyu Tolgoi licence boundary. If necessary, measures up to licence revocation may be considered to ensure compliance with the Constitution, the Minerals Law, and other relevant legislation. The Government would also be required to avoid future financing or investment obligations that could negatively affect Mongolia’s long-term benefits from the project.
Under the proposed resolution, the Government would be instructed to implement the measures in line with parliamentary recommendations and report the results to Parliament by the autumn session of 2026. Progress on implementation would be presented quarterly to the Economic Standing Committee to ensure transparency. Following deliberations, the committee decided to forward its conclusions and recommendations to the temporary oversight committee for further consideration.

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