MP L.Bold proposes to establish the "Bayanmongol" company

May 11 (news.mn) MP L.Bold (DP) sent a draft law on Bayanmongol Company, which he initiated, to the government for get a feedback. A similar draft law discussed by the parliament in 2009 and as result of discussion law on Human Development Fund was approved by the parliament. By the Human Development Fund law suppose to establish a national company for distribution state shares of strategic mine for citizens.

The government established "Erdenes Mongol" company based on Tavantolgoi mine, "Erdenes Oyutolgoi" based on Oyutolgoi mine and decided to distribute 1072 shares from "Erdenes Tavantolgoi" to every Mongolians.

But Mp L.Bold considered have not established national company as said in the law and prepared a draft law on establishment of the national company.

L.Bold proposed to establish an independent company not depending from the government. Governing body will be a meeting of shareholders and two representatives from 21 province and four representatives from capital city will form a governing body.

Comments

Popular posts from this blog