ID :
147019
Thu, 10/21/2010 - 23:14
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http://m.oananews.org//node/147019
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TAVAN TOLGOI INVESTORS TO BE SELECTED THIS YEAR
Ulaanbaatar, Mongolia /MONTSAME/ The guidelines for working group have been accepted that will work on the "Tavan Tolgoi" coal deposit of strategic significance. It has been done on a basis of a decision, made August 18 this year at the cabinet meeting, and parliament resolution. As it was decided by the cabinet meeting Wednesday 20, the group will be led by First Deputy Premier N.Altankhuyag.
The group has been obliged to openly choose a consortium of domestic and foreign investors who are interested in jointly working on some part of the deposit. Together with a group, set up earlier by the Government, this group will deal with negotiating on using Russia and China's transit transport and border checkpoints, which is considered as one of the tender's criteria. Another criterion is the size of pre-payment about which will be negotiated at selection phase.
Negotiations will run--on the basis of resolution earlier adopted by the Government--on the conditions that will be forwarded to foreign company/ies, who want to cooperate through investing, and to their countries' Governments. The selection is supposed to be completed by the end of this year.
The working group has been obliged to introduce parliament to the selection results and the investment agreement draft and to inform the Government about a course of the selection.
N.Khaliun
The group has been obliged to openly choose a consortium of domestic and foreign investors who are interested in jointly working on some part of the deposit. Together with a group, set up earlier by the Government, this group will deal with negotiating on using Russia and China's transit transport and border checkpoints, which is considered as one of the tender's criteria. Another criterion is the size of pre-payment about which will be negotiated at selection phase.
Negotiations will run--on the basis of resolution earlier adopted by the Government--on the conditions that will be forwarded to foreign company/ies, who want to cooperate through investing, and to their countries' Governments. The selection is supposed to be completed by the end of this year.
The working group has been obliged to introduce parliament to the selection results and the investment agreement draft and to inform the Government about a course of the selection.
N.Khaliun
