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Mongolia’s State Great Khural has opened a series of evidentiary hearings this week, marking a significant step in the country’s ongoing efforts to strengthen governance and ensure fair economic returns from strategic mineral assets. The Ad Hoc Committee—established under Resolution No. 62 (2025) to review documentation and processes related to protecting Mongolia’s national interest in the Oyu Tolgoi group of deposits—begins its formal proceedings today, December 8.

Held at the “Great Chinggis Khaan” Hall of the State Palace, the hearings will run through December 12 and will examine key issues shaping Mongolia’s long-term value capture from its flagship copper–gold project.

December 8, 2025: Review of evidence related to the determination of state ownership, including reserve estimations, valuations, and associated documentation for the Javkhlant (MV-15225) and Shivee Tolgoi (MV-15226) license areas.

December 10, 2025: Examination of evidence concerning financing interest rates under the Oyu Tolgoi LLC Shareholder Agreement (Amended and Restated), measures taken to align these rates with international benchmarks, and their implications.

December 12, 2025: Continuation of the examination into financing interest rates, market alignment efforts, and the resulting economic consequences.

The Ad Hoc Committee is chaired by MP O. Batnairamdal, with members M. Badamsuren, B. Bat-Erdene, B. Bayarbaatar, E. Bolormaa, S. Zulphar, Sh. Byambasuren, P. Ganzorig, B. Jargalan, D. Purevdavaa, and U. Shijir.

According to the Media and Public Relations Department of the State Great Khural, the Committee plans to call 300 witnesses as part of this open evidentiary process—underscoring the scale and transparency of Mongolia’s ongoing review of its most important mining project.

Stay tuned—next week’s edition will offer a comprehensive overview of the scrutiny and implications of the Oyu Tolgoi agreements.

Mongolia’s first national AI assessment places the country at the “Systematic” stage with a score of 3.0/5, reflecting strong digital foundations but persistent gaps in innovation capacity, public-sector skills, and cross-sector data integration.

To accelerate progress, the Government has launched the National Initiative for Developing AI Knowledge and Skills (2026–2028)—a large-scale program to train 60,000 public servants, 10,000 workers in vulnerable sectors, and 1,000 student AI Ambassadors, delivered through internationally recognized Oracle curricula and hybrid training models that broaden access beyond Ulaanbaatar.

The initiative adopts a multi-stakeholder governance structure involving the Prime Minister’s Office, line ministries, UNDP, and private partners, mirroring global best practice and emphasizing inclusivity to prevent widening digital divides.

As Mongolia accelerates its national AI agenda, several strategic questions arise:

Stronger institutional capacity and improved data governance enhance transparency, expand the investable company pipeline, support productivity-driven earnings growth, and contribute to rating resilience. Mongolia’s AI strategy therefore has the potential to act as a structural tailwind for long-term capital-market development.