Mongolia plans to reset stake division for int'l coal development project

ULAN BATOR, Sept.16 (Xinhua) -- The National Security Council of Mongolia has decided to revise the allotment of stake set in a previously signed international investment agreement draft on development at an open pit coal mine in Tavan Tolgoi, southern Mongolia, authorities said Friday.
Early in July, the Mongolian government reached a tentative deal with international investors, under which China's Shenhua Energy Company, U.S. Peabody Energy Corporation and a Russian- Mongolian consortium would hold 40 percent, 24 percent and 36 percent of the stake for developing coal reserves in Tavan Tolgoi, respectively.
Mongolian President Tsakhia Elbegdorj told local media that the tentative investment agreement regarding the international coal reserve development project at Tavan Tolgoi was rejected by the National Security Council last week, claiming the deal did not meet requirements of the National Security Council, which consists of Mongolia's President, Speaker of the Parliament and the Prime Minister.
 A special group, led by First Deputy Prime Minister of Mongolia N. Altankhuyag, is tasked with further study and negotiation with international investors over the coal reserve development project. Enditem
Source:Xinhua News Agency



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