To adopt main principle and guidance
Considering the current decline of some commodity price and share price of mining companies due to the world financial crisis and tendency of decreasing investment in the mining sector and with the purpose of preventing the risks and problems that can evolve in the future, to unlock the obstacles in realizing and exploiting strategically important major mining deposits, to initiate the negotiation with the investors in order to form the opportunity and resource to provide their exploitation income to our citizens and accelerate time to sign the investment agreement, hereby the State Great Khural issues this resolution, according to the provision 43.1 of the Law on the State Great Khural of Mongolia, as follows:1. To adopt the main principle and guidance of signing the investment agreement on joint exploitation of Tavan Tolgoi coal mine according to the appendix 1 and to adopt the main principle and guidance of signing the investment agreement on joint exploitation of Oyu Tolgoi copper-gold deposit according to the appendix 2.
2. To impose duty to working group (MP Kh.Badamsuren), which was established by the resolution No 103, year 2008, of the Speaker of the State Great Khural, to monitor the process of making investment agreement by the Government of Mongolia and to provide full preparation of presenting the draft investment agreement on jointly exploiting Tavan Tolgoi coal mine and Oyu Tolgoi copper-gold deposit to the session of the State Great Khural.
« Draft 1. Resolution of the State Great Khural Appendix 1 of the resolution of the State Great Khural: MAIN PRINCIPLE AND GUIDANCE OF MAKING THE INVESTMENT AGREEMENT ON JOINT EXPLOITATION OF TAVAN TOLGOI COAL MINE »