-Is the party group’s bid for a 34% stake in the Gatsuurt (gold deposit) supported?

-Chief of the Democratic Party Group (DPG),B.Garamgaibaatar: After discussion, the DPG decided that we should own 34% in Gatsuurt. The Parliament has decided to use “Gatsuurt” (gold deposit). Today we are discussing about holding stocks. The government decided to own 34% in the way “the special payment on the use of natural resources”, based on a deal with the company. The difference is, if we own 34% the Government will to give money (equal to 34% of investment) to the entity. In order to do this the Government will need to do many additional things, such as re-auditing and re-estimating the assets. That is why the Government made this optimal decision to take “the special payment on the use of natural resources”, basically, it means that we will obtain 34% under the name of “the special payment on the use of natural resources”.

– What benefits will come by obtaining “the special payment on the use of natural resources”?

– The Government presented the project as being economically viable: the main tax is USD 265.6 million, tax on natural resource is USD 139.4 million, “the special payment on the use of natural resources”, is USD 53 million, income tax of entity is USD 57 million, and withholding tax is USD16.2 million.

-Did the DPG discuss the “Economical Transparency Law”?

– The “Economical Transparency Law” and “Economical Amnesty Law” have been presented to the Government. Currently the “Economical Transparency Law” is being discussed. After discussion of “Criminal Package Law”, the Government will discuss “Economical Amnesty Law”.