Oyu Tolgoi Dividend Vote Scraps Mongolia's Spending Plan
On October 23 the government withdrew its one-off law to spend Oyu Tolgoi's expected 2027 dividend on energy, education and other projects, and said it was respecting the result of the public consultation it had called on the money.
The cabinet did not wait for the consultation to close on October 28. Of about 96,000 votes counted when it acted, about 55,000 chose health, education and housing support through the Savings Fund and about 24,000 chose to save the money. The 3 trillion tugrik (USD 833m) dividend from Oyu Tolgoi is now expected to go directly into the Savings Fund, once Rio Tinto confirms it.
Asked which sectors should get the money if projects were funded from the OT dividend, respondents put energy first at 50.6 percent.
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