Resolution of the State Great Khural
Date No Ulaanbaatar City
On Investment Agreement of Oyu Tolgoi Project
Based on the provisions 8.1.7 of the Article 8, Article 29 of the Mineral Law of Mongolia and the provision 24.6 of the Article 24 of the Law on the State Great Khural Session Procedure, hereby, the State Great Khural resolves as follows:
1. The minimum ownership of the State in Oyu Tolgoi project is set at 34% with further acquisition of up to 50% after the refund of its investment
2. The signing power of Oyu Tolgoi Investment Agreement is granted to the Government of Mongolia (Prime Minister S.Bayar) in accordance with the effective laws and regulations of Mongolia, main guidance and principles approved by the Resolution 40 of the State Great Khural in 2008 and the findings and comments of the Standing Committee on Economy of May 12 2009.
3. The Government of Mongolia (Prime Minister S.Bayar) is entitled and obliged to resolve the issue of further acquisition of State ownership with the investor according to the point One of this resolution.
4. The Standing Committee on Economy (MP Ts.Bayarsaikhan) will pay attention on the implementation of the resolution.