Minister of Mongolia M.Enkhsaikhan reported on the progress of the Tavan Tolgoi project. Negotiations on Tavan Tolgoi between the Government of Mongolia and the three-party consortium of China Shenhua Energy Co Ltd of China, Sumitomo Corporation of Japan, and Energy Resources LLC officially began on January 5, and are moving into their second stage.

Minister M.Enkhsaikhan stressed that the parties have reached a consolidated ideas on the financial situation and on the issue of building a railway from Tavan Tolgoi to Gashuunsukhait.

The Minister emphasized, “Mongolia will not bear financial risk, thus we have asked the investor to elaborate on the draft of the concession agreement. 

"Our working group has met and discussed all central issues and believe that all issues have been reflected in it. This is the most important point."

Representatives of the following organizations have been included in the discussions: Ministry of Mining, Ministry of Foreign Affairs, Ministry of Justice, Ministry of Roads and Transportation, Invest Mongolia Agency, Erdenes Tavan Tolgoi, and Mongolian Railway, participating at a professional level.