Mongolian Mining Issue

Mongolian Mining Issue

The Independence of Mongolia will be “lost” if the agreement of “two tolgoi” is signed.

Recently the State Great Khural adopted guidelines for signing investment agreement on Tavan Tolgoi and Oyu Tolgoi. Yesterday, some representatives of civil movements announced that if this agreement will be signed then the independence of Mongolia will be in risk. The main reason of it was the pre-payment of the taxes. It is like putting these “two tolgois” at pawnbrokers. Also they said that the Government of Mongolia is trying to sell the property of Mongolia with three pages of papers.

Civil movement representatives regret that over 70% of Mongolia is owned by foreigners, thanks to the Mineral Law of Mongolia of year 1997. They are against the investment agreement of Oyu Tolgoi and Tavana Tolgoi without clear legal environment on mining industry and the State policy. If it continues like this way Mongolia will repeat sad stories of Latin America and Africa which are under poverty and constant civil wars.

They say that people in the power explains failure of Oyu Tolgoi and Tavan Tolgoi’s exploitation and realization in connection with the civil movements and their obstacles. But civil movements’ position is, in contrary, to realize them as earlier as possible. They announced that they will fight persistently if the agreement will be made in favor of foreigners and according to their will.

Mongolian Mining Issue