Standing Committee postpones Tavantolgoi discussion - News.MN

Standing Committee postpones Tavantolgoi discussion

Old News! Published on: 2012.02.01

Standing Committee postpones Tavantolgoi discussion

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Мөнгөнтамир
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The Standing Committee on Economics was to discuss a parliamentary protocol on the Tavantolgoi mining project, but the meeting was postponed at the request of members of the DP caucus.

Some DP MPs opposed plans to give away ten percent of Tavantolgoi stock to Mongolian citizens, sell ten percent to Mongolian firms, and sell 30 percent on international markets. They said the matter should be discussed further between the DP and MPP caucuses.

S.Byambatsogt said the protocol has not been significantly altered and it instructs that 536 shares be distributed to each citizen. It has been proposed that a portion of the shares to be sold to domestic firms could instead be given away to citizens as well.

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