Today, Finance minister stated that the Oyu Tolgoi agreement is not profitable to Mongolia. He added that various sources and researches have proved the deficiency of the agreement. Viable explanations and breakdowns of the 2 billion USD cost overrun has not been given to Mongolians, he mentioned.
As for Tavan Tolgoi, the deal with Chalco was to value the coking coal selling price 20 USD lower market price on every tonnage, thus, creating 40 million USD loss to the mine, says Finance Minister Mr. Ulaan Ch.
He concluded that the realistic economic growth should be sustained, but not with non-beneficial agreements. Prime Minister added that these mistakes was the result of inefficient and wrong policies and decisions of the previous cabinet, naming Tavan Tolgoi deal as an example.