Russian Federation sent a letter of notice to transfer its 49% of equity of Erdenet and MongolRostsvetmet to the third party. It was clarified from Mr. Ts.Nanzaddorj, Head of the Privatization Department of the State Property Committee. He said that “Russian Federation owns 49% of Erdenet and MongolRostsvetmet. The President of Russian Federation made decree to change the implementing authority of the Russian equity in Mongolian JVCs. It was informed to the Government of Mongolia and the Ministry of External Relations. It is being studied and will be replied through the Ministry of External Relations.
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