The Judicial Standing Committee called a meeting at 15.00 today (25th October) to discuss matters regarding the Erdenet Mining Corporation (EMC) and MongolRosTsvetmet LLC.
According to an official source, Ch.Saikhanbileg, head of the previous cabinet attended the meetings.
On June 28th, day before the country went to vote in the general election, Prime Minister Ch. Saikhanbileg announced the transaction of Russian shares of the largest copper and molybdenum mine to a Mongolian company called the Mongolian Copper Corporation.
Following the announcement, the Mongolian People’s Revolutionary party strongly condemn the sale while main opposition Mongolian People’s Party (MPP) issued an statement calling the sale illegal. The MPP, won the June election in a landslide victory and is currently embroiled in various issues involving the previous administration.