-The Government is backing the “Tavan Tolgoi” project, and it will again be high on the agenda for discussion in Parliament. What differences will be included in this new version of the project?

-In the previous version, it was planned to have a railway company in the consortium for the first 30 years, after this Government would take its 51% share back.  In the second version, it is planned that Mongolian Railways own at least 51% from the outset.  Regarding attracting investors – East and West Tsankhi and the Group Deposits of Tavan Tolgoi will be on offer.

-Mining revenue is constantly decreasing. Is this related to reduced prices or to industrial overheads?

-The reason for reduced income is because of low world market minerals prices.  Nevertheless, we are paying attention to coal. We believe the Japanese research which indicates that coal prices will rise.

-There is information that indicates due that a gas-field with 1700 years reserves has found. When did the research begin?

-A Korean Governmental Organization started the research in middle of 2014. Last year the Mongolian “Petroleum Law” was altered and a new Article entitled “non-traditional petroleum” was added. This “non-traditional petroleum” consists of shale gas, natural gas, and other useful hydrocarbons. The “Petroleum Law” facilitates exploratory drilling for shale oil, but so far there is no provision for gas-exploration. But in order to explore gases, we must do drilling. Therefore, this work can commence when the Government makes the appropriate legal condition for gas exploration.