An agreement between the Government and Oyutolgoi LLC was signed yesterday on the company paying USD100 million as the third and final installment of the advance payment provided for in the investment agreement. S.Bayartsogt, Minister of Finance, signed for the Government and Cameron McRae, President and CEO, for the company.

The present payment follows that of USD100 million in October, 2009, and of USD50 million in April, 2010. This installment carries an interest rate of 1.59 percent.