Meeting to determine consortium shares - News.MN

Meeting to determine consortium shares

Old News! Published on: 2011.09.16

Meeting to determine consortium shares

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Мөнгөнтамир
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A working group on the Tavantolgoi draft proposal met at the Government House on Thursday. The National Security Council has rejected the Government’s draft proposal, saying revisions need to be made in the allotment of shares to the consortiums investing in the project.

The working group has also been asked to make sure the proposal conforms with the 39th protocol of Parliament, which governs matters concerning the mine.

The working group will determine how many shares go to Japan and South Korea, and will alter the allotment of shares in the draft proposal, which had China receiving 40 percent, the United States 24 percent, and Russia 16 percent.

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