Yesterday re-negotiation between Government of Mongolia and Ivanhoe Mines on Oyu Tolgoi deposit was launched.Today, the negotiation continued all day. Bayartsogt Sangajav, Minister of Finance and Zorigt Dashdorj, Minister of Minerals and Gansukh Luumed, Minister of Environment and state secretaries of the ministries and officials, lawyers are representing Mongolian Government.
The above Ministers are authorized by the Cabinet to initiate the Oyu Tolgoi Investment Agreement once it is concluded.
For Ivanhoe Mines, Sam Riggal, team led by Commerce Director and John Fonioni, Vice President in charge of Legal Issues are participating in the negotiation.
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