Mongolian parliament or State Great Khural was unable to come up with approval of the long awaited Oyu Tolgoi investment agreement today.
Instead it passed a resolution authorizing Government of Mongolia to enter Investment Agreement. Also parliament agreed to not give any tax stabilization to the investment agreement and recommended "all taxation" including 68% Windfall Profits Tax law should be applied to the Investment Agreement.
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» Mongolian Parliament passes a resolution authorizing Government of Mongolia to re-negotiate Oyu Tolgoi investment agreement
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