Task force reviews Oyu Tolgoi
Representatives of the 13-member parliamentary task force to review the implementation of the Oyu Tolgoi investment agreement held a press conference about its preliminary review on June 26...
Representatives of the 13-member parliamentary task force reviewing the implementation of the Oyu Tolgoi investment agreement held a press conference about its preliminary review on June 26.
Head of the task force MP D.Terbishdagva noted that the task force carried out its duty by collaborating with state secretaries from five ministries, and representatives from law enforcement agencies, other state organizations, several political parties, and civil society since the beginning of the year until June 23.
The lawmaker stated that the Independent Authority Against Corruption (IAAC) and National Audit Office (NAO) are still conducting their own reviews, which have not been finalized yet. Cabinet also completed a separate review but the parliamentary task force has not received it from Cabinet.
He stated that tax disputes have still persisted between the government of Mongolia and Oyu Tolgoi LLC, and the task force will recommend Parliament to demand due taxes from Oyu Tolgoi.
MP D.Terbishdagva emphasized that the Oyu Tolgoi mine is still importing energy from China, the government has not met its obligation to build a power plant that will supply Oyu Tolgoi, and the new director of Oyu Tolgoi LLC wants to build a power plant, which is why the government should make an urgent decision about where the plant should be built.
D.Terbishdagva said that the task force will make a consolidated conclusion after receiving reviews from Cabinet, the IAAC, and the NAO.
He added that the task force is not a court, and will only provide Parliament with a recommendation about the real process of the implementation of the Oyu Tolgoi investment agreement.