3,381.24
Parliament approved on
Wednesday the Government proposal on Tavantolgoi without almost any debate
after the Standing Committee on the Economy had finished with it. There some
MPs had expressed their reservations about the proposal to distribute 10
percent of the deposit’s shares to companies registered prior to June 30,
2010. There are 35,000 such companies, and if all of them own
shares, “it might weaken the economy”, they felt. Their demand for deletion of
the provision was, however, rejected by the head of the Committee on the ground
that no change was possible at this late stage.
What Parliament approved is not any final agreement. It is more correct to say
that it has given formal permission to the Government to hold talks and reach a
consensus on preliminary conditions with investors interested in certain parts
of the Tavantolgoi deposit. There is no indication as yet of what the final
agreement would contain, or which company will be selected to sign it.
Wednesday the Government proposal on Tavantolgoi without almost any debate
after the Standing Committee on the Economy had finished with it. There some
MPs had expressed their reservations about the proposal to distribute 10
percent of the deposit’s shares to companies registered prior to June 30,
2010. There are 35,000 such companies, and if all of them own
shares, “it might weaken the economy”, they felt. Their demand for deletion of
the provision was, however, rejected by the head of the Committee on the ground
that no change was possible at this late stage.
What Parliament approved is not any final agreement. It is more correct to say
that it has given formal permission to the Government to hold talks and reach a
consensus on preliminary conditions with investors interested in certain parts
of the Tavantolgoi deposit. There is no indication as yet of what the final
agreement would contain, or which company will be selected to sign it.
