Q: Did you receive a letter from Ivanhoe mines?
A: Yes, I have received the letter yesterday. It asks if I have time to meet with them. I think we should have a meeting. This is a matter of the SGK so it is important that I express my opinion. Tax waive issue have generated some profits since 2007 but my view is that it lost more than it could have earned. For example, companies stopped exploring and it is the biggest problem of the OT IA as it slowed it for many years.
When this issue passed through SGK we thought why fashion always should end in Mongolia and for once we created a new fashion. Unfortunately, this fashion started and ended in Mongolia. IT generated some revenues for the State but did not pass on any positives to the people of Mongolia which is more important. The 1.0 million MNT and 1.5 million MNT granting issue was a popular election cheat. Instead of this promise, the government should support the idea of 1.5 million MNT of income per month. Previous session of SGK approved that the “Grant of the motherland” money will not be given in cash. I think the idea of investing this amount into education and health is better than giving just cash as this will decrease the value of money.