Parliament begins discussion of Tavantolgoi proposals

Prime Minister S.Batbold explained the Government’s proposals on the Tavantolgoi coal deposits at Parliament on Thursday.

The plan is to divide the deposit into two. The first part will have some 3.5 billion tons of coal and will be under a state owned company established for the purpose. No less than 10 percent of its shares will be distributed equally among 2.7 million Mongolian citizens according to the provisions of the Human Development Fund. Between 15 million and 30 million tons of coal will be sold annually, some of it after being coked.

In addition, following the Mineral Law, no less than 10 percent of the deposit will be sold in the Mongolian stock exchange, with all 35,000 registered companies and all citizens of Mongolia able to buy them.

During the discussion, MPs gave their opinion about railway construction, regional development, infrastructure and many other issues. S.Byambatsogt proposed construction of a narrow-gauge railway from Tavantolgoi to Gashuun Sukhait. D.Enkhbat worried if people will go and live in areas without urban facilities.

Minister Kh.Battulga said the Government had plans to build a chain of industries and said urban habitations near Tavantolgoi should be built to be used for 150-200 years.

Minister D.Zorigt explained Tavantolgoi will be owned fully by Erdenes MGL, with foreign companies investing in infrastructure development. They will have to collaborate with Mongolian companies.

MPs asking exactly how many companies are operating in Tavantolgoi now were told that apart from the Chinese Daitsuku, Energy Resource operates in Ukhaa Khudag, and Tavantolgoi LC in Tsankhi. The regional administration owns 49 percent of the shares of the last named, while the rest is privately held.

Altogether 31 MPs asked questions on the first day of discussions.


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