Source: Ardiin Erkh    Date: May 28, 2010

The Government submitted to Parliament on Thursday morning the report of the working group on Tavan Tolgoi, which it had discussed and approved the day before. It includes the draft of the investment agreement, suggestions for amendments to the Mineral Law, the draft of the resolution Parliament has to adopt to authorize exploration of Tavan Tolgoi, the draft of the tender bid, and a comprehensive program on development of the South Gobi region. The National Security Council discussed the report on May 18.

Minerals Minister D.Zorigt told media after the Government meeting that the tender announcements will be published in newspapers after receiving approval from Parliament and there will be no restrictions on companies interested in bidding. He said the report has been prepared with the interest of Mongolia and Mongolian companies in mind.