Economists oppose Tavantolgoi share change

Honored economist N.Dashzeveg and Mongol Institute teacher K.Aksoltan are opposing Parliament’s proposal to change the way shares of Erdenes Tavantolgoi are allocated.


They announced their opposition at a press conference on Thursday.

According to the 39th protocol of Parliament, ten percent of the shares are to be distributed to citizens for free, and another ten percent are to be sold to Mongolian organizations. Now some MPs want to change that, saying that the ten percent of shares to be sold to organizations might be distributed unfairly to just a handful of groups, so 20 percent of the shares should be distributed to citizens. But N.Dashzeveg and K.Aksoltan said that would be a bad decision, since it would undervalue the shares. The two economists said they were suspicious that the MPs who suggested change may have been bribed. They said it was possible to sell ten percent of the shares to Mongolian organizations in a fair way. They also said Erdenes Tavantolgoi needs much money, much of which could be raised domestically.

Source : News.mn

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