During a press conference, the Minister of Mining R.Jigjid, provided an update on the mining sector:

-Is it true that the investors of Oyu-Tolgoi have delivered the feasibility study (technical economic analysis)?

– Yes, It is true. Yesterday, the investors delivered the Technical and Economical Report to the Ministry of Mining. Our analysts have already started checking their report.

-How much of the CHALCO (Aluminum Corporation of China) debt remains?

-We must take USD 30 million and give USD 140 million. Therefore, the remaining CHALCO debt is USD 110 million.

– There is information that coal exports fell below target. How is coal export proceeding?

-During the first 7 months of 2015, we extracted 13 million tons of coal, even though the extract plan had been 12.3 million tons. Also, during this period we transferred MNT 72.6 billion to the State Budget although the plan had been MNT 77.4 billion. The implementation of the budget is 93.8% completed. Extraction to date demonstrates that we have extracted 61.6%, and fulfilled 54% of the budget of the annual plan.