Cabinet meeting on Oyu Tolgoi Investment Agreement was held behind closed doors on Friday

Special cabinet meeting on Oyu Tolgoi was started at 2 pm on Friday and continued until 6:45 pm. The meeting was held behind closed doors and therefore, no official statements and information on outcome of the meeting were provided to the media.However, after the meeting Zorigt Dashdorj, Minerals minister gave following information to the waiting media.

-today, we, the working group negotiating with the miners have updated the cabinet on status of the negotiation. After that,we were given directives and instruction from the cabinet. Negotiation is still continuing and by next week, we will have more information to share with you all. Mongolian negotiation team comprised of Bayartsogt Sangajav, the finance minister and Gansukh Luumed, minister of environment and headed by Zorigt Dashdorj, the minerals minister. There is no question weather we will conclude investment agreement with the miners. We are working to conclude agreement with Ivanhoe Mines and Rio Tinto companies.

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