The Government submitted to Parliament on Thursday
morning the report of the working group on Tavantolgoi, which it had discussed
the day before. It includes the draft of investment agreement, suggestions for
amendments to the Mineral Law, the draft of the resolution Parliament has to
adopt to authorize exploration of Tavantolgoi, the draft of the tender bid, and
a comprehensive program on development of the South Gobi
region. The National Security Council discussed the report on May 18. 

Minerals Minister D.Zorigt told media after the
Government meeting that the tender announcements will be published in
newspapers after receiving approval from Parliament and there will be no
restrictions on companies interested in bidding. He said the report has been
prepared with the interest of Mongolia
and Mongolian companies in mind.

The amendment to the Mineral Law will pertain to allowing
Erdenes MGL, owner of the license of Tavantolgoi, to sign the contract with
investors.