ID :
210857
Mon, 10/03/2011 - 12:51
Auther :

PARLIAMENTARY AUTUMN SESSION OPENS

Ulaanbaatar, Mongolia, /MONTSAME/ An autumn session of the State Great Khural (parliament) opened at 11.00 a.m Monday in the Government House. Some 89 per cent out of all the MPs attended the opening ceremony.
In his addressing speech, the parliament Speaker D.Demberel expressed his position on a dispute over the Oyu tolgoi (OT) investment matters. Before the OT and Tavan tolgoi (TT) contracts were made the MPs had issued the 57th resolution on exploiting the OT deposit which clearly says that the Mongolian side must own at least 50 per cent after having recovered a first part of investment, he said.
Concerning the TT deposit, the Speaker said parliament issued a related resolution with specific directions and obliged the cabinet to submit a draft investment contract on exploitation of this deposit to the 2010 autumn session. "It is important to regulate foreign sides' participation in the exploitation of the deposit and to maintain a proper policy in considering interests of the national companies and people," Demberel stressed.
Present at the opening were Ts.Elbegdorj, the President; S.Batbold, the PM; the cabinet members; Ambassadors of foreign countries to Mongolia; and other representatives.
B.Khuder

X