3,571.17
Twenty MPs submitted a petition to the Prime Minister to change the OyuTolgoi Investment Agreement. Afterwards, OyuTolgoi’s operation activity was presented to the Standing Committee on Economy by Ya. Dolgorjav, the executive director of Erdenes MGL LLC, and N.Batbaatar, the director of Erdenes OyuTolgoi LLC. After the presentation, MP S.Ganbaatar questioned the representatives about the latest advertisement 71/29 o finvestment agreement of OyuTolgoi. Ya.Dolgorjav said that “shareholders are managing the development the OyuTolgoi massive gold and copper project in partnership with foreign investors and only time will show if the project will be successful. People say the OyuTolgoi agreement went wrong but we actually made four contracts on OyuTolgoi and we did publicly announce this and show it. Erdenes OyuTolgoi LLC is 100 percent responsible for the project management.” Despite this, many MPs agreed that OyuTolgoi Watch should be stronger.OyuTolgoi Watch Needs to be Improved
Twenty MPs submitted a petition to the Prime Minister to change the OyuTolgoi Investment Agreement. Afterwards, OyuTolgoi’s operation activity was presented to the Standing Committee on Economy by Ya. Dolgorjav, the executive director of Erdenes MGL LLC, and N.Batbaatar, the director of Erdenes OyuTolgoi LLC. After the presentation, MP S.Ganbaatar questioned the representatives about the latest advertisement 71/29 o finvestment agreement of OyuTolgoi. Ya.Dolgorjav said that “shareholders are managing the development the OyuTolgoi massive gold and copper project in partnership with foreign investors and only time will show if the project will be successful. People say the OyuTolgoi agreement went wrong but we actually made four contracts on OyuTolgoi and we did publicly announce this and show it. Erdenes OyuTolgoi LLC is 100 percent responsible for the project management.” Despite this, many MPs agreed that OyuTolgoi Watch should be stronger.
