Comments on: Appendix 2 of the resolution of the State Great Khural: MAIN PRINCIPLE AND GUIDANCE OF MAKING THE INVESTMENT AGREEMENT ON JOINT EXPLOITATION OF OYU TOLGOI COPPER-GOLD DEPOSIT http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/ Mongolia and Mongolian business news, articles, reviews and much more... Sun, 14 Mar 2010 07:20:43 +0800 http://wordpress.org/?v=2.8.4 hourly 1 By: No more china hureyyy http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-9761 No more china hureyyy Wed, 12 Aug 2009 00:36:53 +0000 http://www.business-mongolia.com/?p=1917#comment-9761 Yee move on dig some holes in madmen island and make some coffins .... I think I'm gonna cry please come back I'm really hungry now you can dig up anywhere please 2 double angry big mac plz and a coke invihoe mines and rio Tinto are gonna get busted big time because of thier crime on this planet. Especially those who call them selfs invester hard times punished Pawww ZApED. Yee move on dig some holes in madmen island and make some coffins …. I think I’m gonna cry please come back I’m really hungry now you can dig up anywhere please 2 double angry big mac plz and a coke
invihoe mines and rio Tinto are gonna get busted big time because of thier crime on this planet. Especially those who call them selfs invester hard times punished Pawww ZApED.

]]> By: No more china hureyyy http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-9760 No more china hureyyy Wed, 12 Aug 2009 00:18:24 +0000 http://www.business-mongolia.com/?p=1917#comment-9760 Rest in peace mother nature for few years. GDP poverty aa what the heck people lived on these hills for thousands of years and will continue with mother nature. Why now dig it up for few stupid people starving. I hope the global warming thing gets serious and actually people starts to pass away to hell. Then The natural selection kicks in and those who deserves to live can actually live in harmony. Haha end part is bit corny but this is the truth it will be soon very soon Rest in peace mother nature for few years. GDP poverty aa what the heck people lived on these hills for thousands of years and will continue with mother nature. Why now dig it up for few stupid people starving. I hope the global warming thing gets serious and actually people starts to pass away to hell. Then The natural selection kicks in and those who deserves to live can actually live in harmony. Haha end part is bit corny but this is the truth it will be soon very soon

]]> By: hi http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2809 hi Sun, 15 Feb 2009 07:15:00 +0000 http://www.business-mongolia.com/?p=1917#comment-2809 ohh god bless 2 Tolgoi,.. and us. if you looking or a room to live . i will rent my next room. 120$ for month and for 1 person. Contact garigaa_18@yahoo.com ohh god bless 2 Tolgoi,.. and us. if you looking or a room to live . i will rent my next room. 120$ for month and for 1 person. Contact garigaa_18@yahoo.com

]]> By: Ana http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2652 Ana Fri, 06 Feb 2009 15:10:15 +0000 http://www.business-mongolia.com/?p=1917#comment-2652 Barry, you shut up! Barry, you shut up!

]]> By: Barry http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2543 Barry Tue, 27 Jan 2009 19:34:08 +0000 http://www.business-mongolia.com/?p=1917#comment-2543 Sad to say that the delay in the Oyu Tolgoi agreement will stop the commencement of production at the mine for another 5 years. Three years the mongolian parliament has been 'THINKING' about the agreement. ME THINKS their thinker is broke. I have been a LONG time shareholder ( 7 years),BUT, it is time to move on. their are many m,ore attractive countrys to invest in, Indonesis and Madagascar looking better every day. Good luck "B" Sad to say that the delay in the Oyu Tolgoi agreement will stop the commencement of production at the mine for another 5 years.
Three years the mongolian parliament has been ‘THINKING’ about the agreement.
ME THINKS their thinker is broke.

I have been a LONG time shareholder ( 7 years),BUT, it is time to move on.
their are many m,ore attractive countrys to invest in, Indonesis and Madagascar looking better every day.

Good luck

“B”

]]> By: joe http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2260 joe Thu, 20 Nov 2008 09:00:25 +0000 http://www.business-mongolia.com/?p=1917#comment-2260 Griffin- I agree wholeheartedly with your post. The Mongolian government has destroyed a lot of goodwill by its incredible lack of constructive action. I was willing to accept naivete as an excuse--but it now appears to be stupidity that was the guiding light. This happened in the face of a parade of neutral parties (World Bank, IMF, World Growth, etc.) recommending an agreement that was based on sound international standards. Their recommendations would have given the Mongolian people the best possible return on the resources that the country holds. I was willing to accept caution as the reason the GOM spent so much time debating and then sidestepping any mutually agreeable contract. This now appears to be nothing more than the outcome of purely selfish and short-sighted personal and communal cockiness in action. At one time I had a respect for the Mongolian people. Due to the actions (and lack thereof) I have witnessed over the last four years, I have lost all of that respect for the politicians and much for the people of Mongolia themselves for allowing this stupidity to continue. Griffin- I agree wholeheartedly with your post. The Mongolian government has destroyed a lot of goodwill by its incredible lack of constructive action. I was willing to accept naivete as an excuse–but it now appears to be stupidity that was the guiding light. This happened in the face of a parade of neutral parties (World Bank, IMF, World Growth, etc.) recommending an agreement that was based on sound international standards. Their recommendations would have given the Mongolian people the best possible return on the resources that the country holds.

I was willing to accept caution as the reason the GOM spent so much time debating and then sidestepping any mutually agreeable contract. This now appears to be nothing more than the outcome of purely selfish and short-sighted personal and communal cockiness in action.

At one time I had a respect for the Mongolian people. Due to the actions (and lack thereof) I have witnessed over the last four years, I have lost all of that respect for the politicians and much for the people of Mongolia themselves for allowing this stupidity to continue.

]]> By: Griffin http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2259 Griffin Thu, 20 Nov 2008 06:50:20 +0000 http://www.business-mongolia.com/?p=1917#comment-2259 I sold all my Ivanhoe about two years ago at a substantial loss. I know that Robert Friedland is one of the best commodities men in the business and was happy to invest with him. But I am convinced the Mongolian people are not yet sophisticated enough to realize the costs associated with extracting their tremendous mineral resourses and their Parliment is not yet advanced to the point of bringing a rational consensus to a vote. I have followed the progress for the past two years hoping for a break through. But see nothing in the latest news to give me any encouragement to re invest in Ivanhoe. In fact I would not invest any of my own or my client funds in any venture in Mongolia. My fear for the Mongolian people is they will eventually be taken advantage of by companies far less ethical than Ivanhoe and Rio Tinto. I sold all my Ivanhoe about two years ago at a substantial loss. I know that Robert Friedland is one of the best commodities men in the business and was happy to invest with him. But I am convinced the Mongolian people are not yet sophisticated enough to realize the costs associated with extracting their tremendous mineral resourses and their Parliment is not yet advanced to the point of bringing a rational consensus to a vote.
I have followed the progress for the past two years hoping for a break through. But see nothing in the latest news to give me any encouragement to re invest in Ivanhoe. In fact I would not invest any of my own or my client funds in any venture in Mongolia.
My fear for the Mongolian people is they will eventually be taken advantage of by companies far less ethical than Ivanhoe and Rio Tinto.

]]> By: dorj http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2247 dorj Wed, 19 Nov 2008 14:33:20 +0000 http://www.business-mongolia.com/?p=1917#comment-2247 yes it really is yes it really is

]]> By: Sumya http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2246 Sumya Wed, 19 Nov 2008 10:31:52 +0000 http://www.business-mongolia.com/?p=1917#comment-2246 Good English language source. Keep up the good work. Sumya Good English language source. Keep up the good work.

Sumya

]]> By: Craig http://www.business-mongolia.com/mongolia-news/appendix-1-of-the-resolution-of-the-state-great-khural-main-principle-and-guidance-of-making-the-invetsment-agreement-on-joint-exploitation-of-oyu-tolgoi-copper-gold-deposit/comment-page-1/#comment-2245 Craig Wed, 19 Nov 2008 05:05:15 +0000 http://www.business-mongolia.com/?p=1917#comment-2245 Can anyone tell me what the average Mongolian thinks of all this? Is the average person aware that the dithering and delaying tactics of their politicians for the last 5 years has cost them one of their best opportunities to rapidly move out of poverty? If they had acted quickly Mongolia could not only have had Oyut Tolgoi/Tavan/Asgat and other mines in production (those three along could double GDP by itself - not including any flow on benefits), but massive investment into exploration for copper, coal, uranium, oil, gas etc would of flowed into Mongolia leading to potentially many more significant discoveries. Alas I have sat through booms and busts previously. Prior to the current boom lets remember that there was a 20 year period of chronic underinvestment in commodities and low commodity prices. Unfortunately - Mongolia may have to wait a long time for the next opportunity. In the meantime - foreign aid will also dry up. Try as it might, Mongolia will never be able to compete for investment money in other industries against the Chinese behemoth. Its competitive advantage is in the minerals industry. It appears to have squandered that opportunity this time around. If the world is entering a prolonged recession, which is looking more likely by the day, I fear for the future of Mongolia. Whereas it could of occupied a powerful position as provider of energy and resources to the hungry chinese economy, now Mongolia may become reliant on Chinese/Russian aid as they both via for control/influence over Mongolia. Can anyone tell me what the average Mongolian thinks of all this?

Is the average person aware that the dithering and delaying tactics of their politicians for the last 5 years has cost them one of their best opportunities to rapidly move out of poverty?

If they had acted quickly Mongolia could not only have had Oyut Tolgoi/Tavan/Asgat and other mines in production (those three along could double GDP by itself – not including any flow on benefits), but massive investment into exploration for copper, coal, uranium, oil, gas etc would of flowed into Mongolia leading to potentially many more significant discoveries.

Alas I have sat through booms and busts previously. Prior to the current boom lets remember that there was a 20 year period of chronic underinvestment in commodities and low commodity prices.

Unfortunately – Mongolia may have to wait a long time for the next opportunity. In the meantime – foreign aid will also dry up. Try as it might, Mongolia will never be able to compete for investment money in other industries against the Chinese behemoth. Its competitive advantage is in the minerals industry. It appears to have squandered that opportunity this time around.

If the world is entering a prolonged recession, which is looking more likely by the day, I fear for the future of Mongolia. Whereas it could of occupied a powerful position as provider of energy and resources to the hungry chinese economy, now Mongolia may become reliant on Chinese/Russian aid as they both via for control/influence over Mongolia.

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