Tavan Tolgoi Investment Agreement will be discussed on Wednesday
The National Security Council made its comment on Tavan Tolgoi Investment Agreement. Therefore, on Wednesday, the Cabinet Ministers’ Meeting will discuss the issue on Tavan Tolgoi and plans to present the draft agreement to the State Great Khural. As for Tavan Tolgoi project, there are over 10 bidders expressed their interests. Also, Mongol 999 Consortium, a consortium of the Mongolian companies, expressed its interest.
Before the State Great Khural’s discussion, the Mineral Law shall be amended. On the other hand, sliding royalty tax arrangement shall be added in the Law. According to this tax arrangement, the royalty fee will slide according to the commodity price surge and slump.
Prime Minister S.Batbold made statement that the state to own Tavan Tolgoi 100% and winner of the bid will operate the mine.
Before the State Great Khural’s discussion, the Mineral Law shall be amended. On the other hand, sliding royalty tax arrangement shall be added in the Law. According to this tax arrangement, the royalty fee will slide according to the commodity price surge and slump.
Prime Minister S.Batbold made statement that the state to own Tavan Tolgoi 100% and winner of the bid will operate the mine.
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