MP N.Batbayar: “No mistake” Is to Which the Working Group Adhere
The Parliament started to discuss the draft law on modifications to the Minerals Law of Mongolia yesterday. Working group, which worked on the draft law formulation for more than two months, developed the “undebatable” draft version and made conclusion on April 9. Working group, comprising of the PM, Minister of Industry and Trade, 4 MPRP […]
Investment Is Forbidden or Pay 68 Percent Tax
Some parliamentarians boasted, “It is not so high tax rate. It should have been 80 percent and it is rather low. Miners should not have to worry about.”
Starting from the previous year, Mongolia began to implement Windfall tax law. Thanks to taxations, state budget tends to exceed 2 trillion MNT. As assumed by politicians, […]
Z.Enkhbold: Beneficial Choice-Hope They Won’t Reject
MP Z.Enkhbold, who engaged in task group, representing DP has his saying.
MPRP and DP have agreed upon Mongolia’s ownership of less than 51 percent of deposits of strategic importance. Could you provide us some details?
51 percent can be given to not only state but also Mongols, however underground minerals shall be 100 percent Mongolian […]
Top 100 National Locomotives
The Government of Mongolia, along with National Chamber of Commerce and Industry selected Top 100 entities of the year 2007. According to the main criterion of the selection-tax payment, Mongolia-Russia joint enterprise “Erdenet” ranked first. Copper price in the world market has gone up. Its success could be drawn back by saying it is the […]
Mongolia Would Rank 3rd in the World.
Mongolia may rank 3rd in the world’s copper market by its resource after Chile and the United States. One of biggest exporters Chile has a 150 mil.ton copper resource. According to the officials, Mongolia has a 45 mil.ton copper resource. Some huge mines such as Erdenet and Oyutolgoi, Tsagaan Suvarga could raise Mongolia’s ranking. We […]
