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The draft law expected to bring a better solution to Tavan Tolgoi agreement

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40 MPs have signed on draft law of regulation in relation to Tavan Tolgoi agreement. It has been two weeks since the draft law was soon to be announced. MPs agreed this time that the quote of 1072 shares is going to remain unchanged in the agreement. As a result, the agreement will be beneficial for public.

Erdenes Tavan Tolgoi Company must own not less than 51% of Tavan Tolgoi mine, as Mongolian Railway has to possess not less than 51% of soon to be constructed new railroad, according to being mentioned in the draft law. Also, policy of third neighbor country must be reflected in the agreement. Head of the working group L.Erdenchimeg said: “The draft law signed by over 40 MPs is much different from the one, which allowed 98% of Tavan Tolgoi mine to be owned by a foreign company.”

If the draft law is submitted and supported by government and parliament, it is going to enable us to carry out Tavan Tolgoi mine’s operations apart from interests of individual politicians.

 

 

 
 

40 MPs have signed on draft law of regulation in relation to Tavan Tolgoi agreement. It has been two weeks since the draft law was soon to be announced. MPs agreed this time that the quote of 1072 shares is going to remain unchanged in the agreement. As a result, the agreement will be beneficial for public.

Erdenes Tavan Tolgoi Company must own not less than 51% of Tavan Tolgoi mine, as Mongolian Railway has to possess not less than 51% of soon to be constructed new railroad, according to being mentioned in the draft law. Also, policy of third neighbor country must be reflected in the agreement. Head of the working group L.Erdenchimeg said: “The draft law signed by over 40 MPs is much different from the one, which allowed 98% of Tavan Tolgoi mine to be owned by a foreign company.”

If the draft law is submitted and supported by government and parliament, it is going to enable us to carry out Tavan Tolgoi mine’s operations apart from interests of individual politicians.

 

 

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Category
Society
Published
2015-11-06


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