Tavan Tolgoi Draft Submitted to Parliament

Best interests for the nation will be highest priority in choosing strategic investor of Tavan Tolgoi project, reaffirmed Minister of Minerals and Energy D.Zorigt. “No any side will be given advantageous rights. Each of them will have equal chance to win,” he said. But he admitted that there is growing demand to push national producers and national-level large businesses into growth under umbrella of this project concept.

Currently there more than ten international mining giants lined up against youngest “Mongol-999” national consortium, that joined over 1500 private Mongolian businesses, hoping to get a slice of the high grade coking coal mine located in Omnogobi province.

The government submitted on Thursday a package of documents to the State Great Khural (Parliament) for approval, which includes a draft changes to the Minerals Law, draft investment agreement, and several draft resolutions of the Parliament. The package also includes draft documents of preliminary selection of potential winner.

The draft investment agreement, that has 19 articles, and 144 clauses, will be signed by Erdenes MGL, a state corporation that owns license of Tavan Tolgoi, and Minister of Finance, Minister of Nature and Environment, and Minister of Minerals and Energy from the side of Mongolia’s government with investor side. The sides may include Minister of Road, Transport, Construction and Urban Development.

National Security Council, which consists of President Ts.Elbegdorj, Speaker of Parliament D.Demberel and Prime Minister S.Batbold, released a number of recommendations last week to the government to retain 100 percent ownership of the Tavan Tolgoi mine under a publicly listed state-owned corporation, and to announce investor in open and transparent manner. The council strongly advised the government to interrelate Tavan Tolgoi project development closely with southern Gobi regional development plan.

Mongolia over the course of last weeks saw hot public debates centered around infrastructure developments of the Tavan Tolgoi project, especially around its railway policy-whether it would be broad or narrow gauge line.

The government stated that it will carefully watch following factors in the selection process: experience, financial capability, availability of environmentally friendly technology, rehabilitation plan, social responsibility, employment creation, regional infrastructure developments, water survey and water usage, and end price of coal products. Urban planning and industrial complexes (of European standard) around the major project would also be linked to regional policies.


Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive