Lawmakers view on revised OT investment agreement is very critical

As of now ( 6 pm ub time), parliamentary discussion is continuing. Many lawmakers are expressing opinions critical of the current Oyu Tolgoi Agreement.
Saikhanbileg Chimed, Democratic party parliamentary group leader asked the lawmakers critical of the agreement " if we chase away Rio Tinto from Mongolia, with whom we are going to deal next??? Chinese and Russian companies which follow their countries geopolitical policies!!!! About 100 years ago, Russia and China used to decide Mongolia's fate."
Ms.Arvin, MPRP (Mongolian People's Revolutionary party) lawmaker said " I don't believe this agreement is going to benefit Mongolian people. This agreement is forced upon us by foreigners."
Gundalai Lamjav, Democratic lawmaker " If this article 5.5 of the minerals law is becoming obstacle for Mongolia to own more shares of Oyu Tolgoi, let's revise that article." Article no.5.5 of the Mongolian Minerals law says Mongolian state to get up to 34% of equity stakes of deposits discovered by private funds."


39 lawmakers voted to discuss the Oyu Tolgoi agreement in the parliament and 13 voted nay...
I'll try to put transcription of the session later today...



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