Tavantolgoi investor negotiations continue today.
TT working group is led by M.Enkhsaikhan, Minister of State, and includes officials such as R.Jigjid, Minister of Mining, J.Erdenebat, Minister of FInance, N.Tumurkhuu, Minister of Road and Transportation. Investor side was represented by G.Battsengel, CEO of Energy Resource, Shao Junjie, Chairman of Shenhua Overseas Development & Investment and Zhou Tienjun, Vice President, General Manager adviser Keiji Kiribuchi at Coal Department of Sumitomo Corp. and Hiroto Fijivara, Representative of Sumitomo Corp. in Mongolia.
Meetings started with the presentations of:
- Ya.Batsuuri, CEO of Erdenes Tavantolgoi JSC, on Tavantolgoi mine operations and its financials
- P.Batsaikhan, CEO of Mongolian Railway State Owned Company on Tavantolgoi-Gashuun Sukhait railroad construction development, contractors and their payment
- L.Oyunbat, Deputy CEO of the Energy Resource LLC, representing the investor consortium made introduction on the Contents of the Tavantolgoi Investment Agreement and international standards.
Consortium is to invest into Tavantolgoi coal deposit through the project financing, which allows international banks and financing organizations to be involved in the fund raising. Therefore, Tavantolgoi investment agreements are obliged to adhere to the international standards and transparency.
TT working group split into Tavantolgoi mine, investment and cooperation and Tavantolgoi Gashuun Sukhait Railroad sub groups and held separate meetings with the investor side.
Tavantolgoi mine, investment and cooperation sub group meeting involved Ch.Otgochuluu, Head of the Strategic Policy and Planning department of the Ministry of Mining, S.Javkhlanbaatar, Head of the Investment Agency, Ya.Batsuuri, CEO of Erdenes Tavantolgoi JSC and representatives of China Shenhua Energy, Sumitomo and Energy Resource LLC. During meeting the sides exchanged information and working sub group introduced the agreement proposals to the consortium.
Tavantolgoi Gashuun Sukhait Railroad sub group meeting involved M.Enkhsaikhan, Minister of State, B.Artur, Head of the Road Policy Implementation Department at Ministry of Road and Transportation, P.Batsaikhan, CEO of the Mongolian Railway State Owned Company. During meeting the sides exchanged information and working sub group introduced the agreement proposals to the consortium.
Tavantolgoi investor negotiations continue today.
TT working group is led by M.Enkhsaikhan, Minister of State, and includes officials such as R.Jigjid, Minister of Mining, J.Erdenebat, Minister of FInance, N.Tumurkhuu, Minister of Road and Transportation. Investor side was represented by G.Battsengel, CEO of Energy Resource, Shao Junjie, Chairman of Shenhua Overseas Development & Investment and Zhou Tienjun, Vice President, General Manager adviser Keiji Kiribuchi at Coal Department of Sumitomo Corp. and Hiroto Fijivara, Representative of Sumitomo Corp. in Mongolia.
Meetings started with the presentations of:
- Ya.Batsuuri, CEO of Erdenes Tavantolgoi JSC, on Tavantolgoi mine operations and its financials
- P.Batsaikhan, CEO of Mongolian Railway State Owned Company on Tavantolgoi-Gashuun Sukhait railroad construction development, contractors and their payment
- L.Oyunbat, Deputy CEO of the Energy Resource LLC, representing the investor consortium made introduction on the Contents of the Tavantolgoi Investment Agreement and international standards.
Consortium is to invest into Tavantolgoi coal deposit through the project financing, which allows international banks and financing organizations to be involved in the fund raising. Therefore, Tavantolgoi investment agreements are obliged to adhere to the international standards and transparency.
TT working group split into Tavantolgoi mine, investment and cooperation and Tavantolgoi Gashuun Sukhait Railroad sub groups and held separate meetings with the investor side.
Tavantolgoi mine, investment and cooperation sub group meeting involved Ch.Otgochuluu, Head of the Strategic Policy and Planning department of the Ministry of Mining, S.Javkhlanbaatar, Head of the Investment Agency, Ya.Batsuuri, CEO of Erdenes Tavantolgoi JSC and representatives of China Shenhua Energy, Sumitomo and Energy Resource LLC. During meeting the sides exchanged information and working sub group introduced the agreement proposals to the consortium.
Tavantolgoi Gashuun Sukhait Railroad sub group meeting involved M.Enkhsaikhan, Minister of State, B.Artur, Head of the Road Policy Implementation Department at Ministry of Road and Transportation, P.Batsaikhan, CEO of the Mongolian Railway State Owned Company. During meeting the sides exchanged information and working sub group introduced the agreement proposals to the consortium.