Three non party-independent representatives in Parliament held a press conference regarding the Oyu Tolgoi issues. Talks over the Oyu Tolgoi dispute between the Mongolian Government and Rio Tinto were held in London in September. Now the negotiations are ongoing with unsolved issues including 22 points related to the massive Oyu Tolgoi project.

The three no party-independent representatives in Parliament expressed their stances over the controversial issues of Oyu Tolgoi. MP Kh.Bolorchuluun said  that the Oyu Tolgoi deposit contains an estimated 45 million tons of copper, 1800 tons of gold and silver and is ranked as the third largest in the world. But the Oyu Tolgoi Investment Agreement lacks. Mongolia has lost the chance to benefit from tax income of the deposit.

He continued to say that there is no value added tax income from Oyu Tolgoi except gold. Oyu Tolgoi has been freed from the Entity Income Tax till 2017.  Oyu Tolgoi was granted a tax relief that exists in no other place in the world. Now the project investors want to increase the project cost and investment.

MP Ts.Davaasuren said that Oyu Tolgoi has been freed from tax. However it is now avoiding tax. The law on making the gold trade transparent was submitted to Parliament plans to reduce the royalty for use of gold resource. According to the law on gold trade transparency the five percent royalty for gold trade will be reduced to 2.5 percent.

The issue is that Mongolia frees Oyu Tolgoi from tax in order to mine its own gold.
 
MP S.Ganbaatar said that everyone knows and says that the Oyu Tolgoi Investment Agreement is lacking. 24 MPs submitted demands to the Prime Minister. If the new Oyu Tolgoi board members negotiate over the Oyu Tolgoi Investment Agreement it should be transparent to the public. They should report on it to Parliament. If the Government ignores the demands, the independent representatives in Parliament will suggest that the Government resign.

The current negotiations over Oyu Tolgoi are closed even to Parliament. The negotiation needs to be transparent.