(Ulaanbaatar) Jan 26, State Minister M.Enkhsaikhan made announcement on Tavantolgoi Investment Negotiations today.
Investors are to meet today in broad formation twice this week to hold important negotiations. Government of Mongolia will be represented by State Minister M.Enkhsaikhan, MInisters of Mining, Foregn Affairs, Justice, Road and Transportation and representatives of Investment Agency, a working group including over 30 members.
Tavantolgoi Project is to last for 30 years and investors to provide 30 percent of the total investments from their own sources, while remainder 70 percent will be raised from the financial markets involving international banks and financial institutions. State Minister emphasized that investor side expects for sustainable and successful implementation of the project.
In order to secure the loans from the international financial market investors need to compy with the proper documentation and they are already working on it showing their initiative.
State Minister also made short announcement on the investment negotiation progress saying that talks are at 50 percent, and if the negotiations are successful total multiplier effect over 30 years is calculated to be at USD 94 billion, agreement includes over 80 issues per one agreement, but the investors are very open and creative seeking for the mutual benefits, adding the value added projects. He also ensured that parties are taking equal parts in the negotiation.
(Ulaanbaatar) Jan 26, State Minister M.Enkhsaikhan made announcement on Tavantolgoi Investment Negotiations today.
Investors are to meet today in broad formation twice this week to hold important negotiations. Government of Mongolia will be represented by State Minister M.Enkhsaikhan, MInisters of Mining, Foregn Affairs, Justice, Road and Transportation and representatives of Investment Agency, a working group including over 30 members.
Tavantolgoi Project is to last for 30 years and investors to provide 30 percent of the total investments from their own sources, while remainder 70 percent will be raised from the financial markets involving international banks and financial institutions. State Minister emphasized that investor side expects for sustainable and successful implementation of the project.
In order to secure the loans from the international financial market investors need to compy with the proper documentation and they are already working on it showing their initiative.
State Minister also made short announcement on the investment negotiation progress saying that talks are at 50 percent, and if the negotiations are successful total multiplier effect over 30 years is calculated to be at USD 94 billion, agreement includes over 80 issues per one agreement, but the investors are very open and creative seeking for the mutual benefits, adding the value added projects. He also ensured that parties are taking equal parts in the negotiation.