Prime Minister Bayar not yet back from South Korea; signs of delayed inking of Oyu Tolgoi Investment Agreement

As of this evening, still no sign of Prime Minister Bayar.... According to Government Press service, he was due to come home on evening of Sept 23, 2009 from Seoul, Korea after going through intensive medical care there. Cabinet meeting on Wednesday was chaired by Deputy Premier Altankhuyag. No explanation or comment has been issued by the Press office.

Meantime, President Elbegdorj is in New York attending UN Conference on Global warming. So far, President Elbegdorj met with Thomas Friedman, author of "The world is Flat" and Hernando De Soto, author of "Mystery of Capital"books and former President Bill Clinton.

Absense of Mongolian political leaders could delay inking of Oyu Tolgoi Investment Agreement despite assurances from Government officials. Officials claim all work related to Oyu Tolgoi investment agreement is going according to course.However, it is not likely to delay the signing for weeks.
Some sources said Prime Minister was to visit Australia before signing of Oyu Tolgoi investment agreement and visit a copper smelter run by Rio Tinto there.
All this signals potential delay of inking Oyu Tolgoi investment agreement. Fall session of State Great Khural due to start on Oct 1.

By Ganbat, reporter of MonInfo News wire service
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2 comments:

  1. Two other sources say that you are wrong!!!

    http://www.business-mongolia.com/mongolia-government/ot-ia-is-to-be-signed-on-monday/

    http://www.mongolianportfolio.com/2009/09/oyu-tolgoi-to-be-signed-on-monday.html

    ReplyDelete
  2. At this point, nobody knows for sure. Just a lot of speculation and rumors are flying around... It is up to you who you believe...
    Thank you.

    ReplyDelete

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