Энэ 7 хоногт
Strategic deposits: TT train departs after 40 years of talking
According to Parliament Media Office (http:// www.open-parliament.mn) press release of July 7,2010, “ United session of Parliament started on Wednesday with quorum of 61 per cent.
According to Parliament Media Office (http:// www.open-parliament.mn) press release of July 7,2010, “ United session of Parliament started on Wednesday with quorum of 61 per cent. First item on the agenda was a final reading of bill(draft resolution) on some issues on mining Tavan tolgoi coal deposit. Majority of MPs have supported proposals of the Economic Standing Committee to research issue of restructuring “Erdenes MGL” company, head company of “Erdenes-Tavan tolgoi” in compliance with Constitution of Mongolia, Law on Human Development Fund and other related law and regulations, introduce results to the Parliament, make negotiations regarding transit transportation, counter conditions, prepayment, use of ports, investment and sales conditions, competitively select in open manner united company/consortium/ with participation of foreign and domestic companies and have draft Investment Agreement discussed by 2010 Fall Session of the Parliament and introduce other draft documents. By vote of 88.7 per cent MPs have approved Parliament resolution on some issues in mining Tavan tolgoi coal deposit.” At the press conference Members of Tavan Tolgoi Taskforce of Parliament have said that “Over 40 years it has been talked about putting Tavan tolgoi coal deposit into economic production.
Yesterday Parliament and Government has resolved the issue in innovative manner to make this concrete business. The draft introduced by the Government is starting one. As for market we can four options of Russia, China, Eastern Asia through their ports and European Union. Although Russia and China have a lot of coal it is not equal in every corner of their large territories. Through new railroad that we approved –Dalanzadgad-Tavan tolgoi-Oyu tolgoi-Zuun bayan- Sainshand-Sukhbaatar-Choibalsan we will export products to Russia’s Vladivostok and further to Japanese and Korean market, the countries with huge market and great consumption. Through PRC’s Tianjin we can export further also.We will not export raw coal, it will be washed and processed. Also deep processed andentered into coke-chemistry plant. Compared to Australia’s coal that is supplied to Japan and Korea, quality of our coal is great. From another side, in order to minimize transportation costs we will increase value-added and high value, reduce bulk. We will consider offering flexible products choice suited to particular market such as washed coal, coking concentrate and coke. “Parliament has decided not to be split Tavan tolgoi in two as proposed by the Government, shares of subsidiary of Erdenes MGL company, “Erdenes-Tavan tolgoi” which is to own mining license for Tavan tolgoi will be state’s -50%, IPO on Mongolian Stock Exchange and foreign exchange -30% to raise capital, national enterprises’s -10% in equal and same amount by nominal price, Mongolian citizens and people – 10% free-of-charge. Qualified national enterprises should be registered before June 30,2010, operate business and paid taxes and have no tax debts. It is planned for state stake is to be decreased in stages and for stakes of national companies and citizens to increase. Foreign operator to be competitively selected independently by Erdenes MGL is to operate for specific duration and then national company is to be prepared to work on its own.”
Yesterday Parliament and Government has resolved the issue in innovative manner to make this concrete business. The draft introduced by the Government is starting one. As for market we can four options of Russia, China, Eastern Asia through their ports and European Union. Although Russia and China have a lot of coal it is not equal in every corner of their large territories. Through new railroad that we approved –Dalanzadgad-Tavan tolgoi-Oyu tolgoi-Zuun bayan- Sainshand-Sukhbaatar-Choibalsan we will export products to Russia’s Vladivostok and further to Japanese and Korean market, the countries with huge market and great consumption. Through PRC’s Tianjin we can export further also.We will not export raw coal, it will be washed and processed. Also deep processed andentered into coke-chemistry plant. Compared to Australia’s coal that is supplied to Japan and Korea, quality of our coal is great. From another side, in order to minimize transportation costs we will increase value-added and high value, reduce bulk. We will consider offering flexible products choice suited to particular market such as washed coal, coking concentrate and coke. “Parliament has decided not to be split Tavan tolgoi in two as proposed by the Government, shares of subsidiary of Erdenes MGL company, “Erdenes-Tavan tolgoi” which is to own mining license for Tavan tolgoi will be state’s -50%, IPO on Mongolian Stock Exchange and foreign exchange -30% to raise capital, national enterprises’s -10% in equal and same amount by nominal price, Mongolian citizens and people – 10% free-of-charge. Qualified national enterprises should be registered before June 30,2010, operate business and paid taxes and have no tax debts. It is planned for state stake is to be decreased in stages and for stakes of national companies and citizens to increase. Foreign operator to be competitively selected independently by Erdenes MGL is to operate for specific duration and then national company is to be prepared to work on its own.”
