G.Batkhuu, Deputy Speaker of the SGK hosted a meeting with Korean representatives lead by Jun Jan Sun, member of the National Assembly of Korea and leader of the Mongolia-Korea Parliamentary group. ‘Kores’ Corporation is included in the South Korean business group and this company is responsible for all types of minerals except gas and crude oil. Joint investment of 260 billion USD is offered for Tavan Tolgoi from total of 11 South Korean national corporations.
G.Batkhuu said that there are lots of interests in the TT from overseas. It is going to be easy for everyone If the investment deal comes from joint investors like yourself but we are not in rush with this IA. In terms of TT, the license is owned by the Government therefore we are looking for an epic investment. This TT investment agreement will be discussed after the OT IA says the Deputy Speaker of the SGK.