Singer B.Khongor, Ts.Jadambaa of Global Leadership Institute, and number of other guys announced that they are founding “Bayan Mongol” (stand for Richer Mongolia) civil movement. According to them, Mongolia shall incorporate National Corporation which could serve for the purpose of developing mining projects. “Most important thing is that we, Mongolians have to explore, mine, and develop our minerals ourselves. No foreign company involvement. As of today, Mongolia has 54 strategically significant deposits. We can raise much money from Hong Kong and Toronto exchanges through announcing IPO. Many foreign invested companies gathered their money by this way. And, also there would not be any state dominance. In case of state dominance, we shall proceed like Erdenet, and almost 5 per cent of profit would be distributed to Mongolians.”, they say.