Statement by S.Bayar, Prime Minister of Mongolia at the Parliament Session
On current state, recent pitfalls, measures of solution on oil products
Dear Speaker and
Dear Parliamentarians,
Recently oil price went up dramatically at the world market.
As of January 2007, price of 1 barrel oil at NYSE was USD 52.84 whilst as of yesterday it reached USD 113.4, going up by USD 60.56. It results increase in domestic […]
Mongolia Targets 14pc Growth, Investments
Mongolia wants to achieve annual economic growth of 14 percent over the next eight years, powered by foreign investment and cheaper capital as it taps centers like Hong Kong, a government official said. All sectors of the resource-rich country, which borders Russia to the north and China to the south, are open to foreigners, Sedbazar […]
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 […]
Prime Minister S.Bayar: The Session Was Suspended But the Issue
Session is suspended due to the Democratic Party. It is heard that you have frustrated?
It is pity that ad hoc session is suspended. But the issue is not suspended. If ad hoc session is not available for the adoption, then, I believe that regular session can solve move the issue forward.
Ts.Elbegdorj, Chairman of the Democratic […]
Pave Road Between Tavan tolgoi and Oyutolgoi Is To Be Constructed
One of the crucial issues in regional development is to improve road and infrastructure of the Gobi region and link mineral deposits to each other, to border ports and to administrative units. With reference to state ownership of Tavan tolgoi, it was viewed that 160 km road should be constructed between Tavan tolgoi and Oyutolgoi […]
A Team of International Consultants Are to be Invited
The government meeting decided it was proper to select and conclude an agreement with a team of international consultants, which would advise and consult on use of strategic deposits to the Cabinet, according to regulations and organize it within April. The selection shall be made in conformity with laws and regulations and advises and consults […]
Draft Law on Amending the Mineral Law of Mongolia Will be Discussed Next Week
Parliament will hold an ad hoc session next week to discuss draft amendments to the minerals law, which the government wants quickly approved. The Speaker of the parliament, D.Lundeejantsan, announced parliament will meet at 10 am on March 25, with pre-discussion meetings the day prior amongst related standing committees and party councils. According to the […]
S.Bayar and Ts.Elbegdorj Made Joint Statement
Today. 12.45 pm
Today 12.45 pm, Prime Minister S.Bayar and Mr. Elbegdorj, Chairman of Democratic Party, made a joint statement at Government House. They stated that two parties reached common agreement on the amendment of Mineral Law of Mongolia. Parties agreed on immediate resume of Tavan Tolgoi and Oyu Tolgoi projects and investors can own only […]
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 […]
Those Except Republican Support State Property Domination
Last Friday, the President of Mongolia received leaders and representatives of political parties, holding seats in the Parliament. The meeting addressed the main politically attractive issues including Oyutolgoi, Tavantolgoi, Asgat silver deposit that are of strategic significance. They are both interested in trading mineral deposits for votes at this time of election. Because none of […]
