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Speech


  • “We have high goals in front of us. Our focus must be on governance, and government regulations need to be clear. Our strategies cannot be based on a wish list but on research, and the development must be sustainable and direct to the people. We will eradicate corruption and clearly define the boundaries between state and private sectors. Last year, these issues were like a half-killed snake.”

    S. Batbold, Prime Minister.

  • “Our government has adopted an agenda to deal with deficiencies that cause investors to think twice about investing in the nation. We need to create not only heavy debate and discussions...

  • “Regardless of controversies before, during and after the 2008 election, a coalition Government was established and this has helped keep both parties from overstepping their limit and hurting the country. Talk that the coalition has had no benefits is, to put it mildly, rubbish.”

    Baabar, noted commentator and former Minister.

  • “Mining is such an important sector in the Mongolian economy, but there are many who do not realize how difficult it is, in both the exploration and excavation phases.

  • “I find the Oyu Tolgoi agreement quite balanced and am also optimistic about the Government’s policy on Tavan Tolgoi. However, people’s expectations must be tempered, and not too much hoped for from an entity that has not yet been formed.”

    Graeme Hancock, Senior Mining Specialist,
    World Bank.

  • “I do not think much good will come out of the government’s decision to extract the Tavan Tolgoi deposit through operating contracts. Since the operating companies will be required to make sizable investments, they will raise their costs at will, and once the work starts the government will have to go along. Splitting the deposit among many operators makes less sense than allowing one big company to run the show. The Government does not have the resources to monitor the work of so many companies operating in several areas in their different ways.”

    D.Damba, President of the Mongolian National Mining Association.

  • “The main responsibility of the Oyu Tolgoi LLC Board members from the Mongolian side is to ensure maximum profit for the state. They must keep an alert and watchful eye on how money is spent in the project, and get a grip on the internal mechanism of running such a big company.”

    D.Sugar, head of the State Property Committee.

  • * “A company like Rio Tinto does not offer bribes. Maybe Chinese companies do, but Rio Tinto is in a different league. It is a public company, operating openly in financial markets, and does not indulge in corrupt practice. To whom else could we give Oyu Tolgoi? The Chinese, of course. Can Russia compete with China and take it? It can’t.”

    N.Altankhuyag, First Deputy Prime Minister.

  • “We tend to see everything through a political prism and this must give way to dispassionate and nonpartisan debate. Big projects can no longer wait for us to reach a political consensus.”

    D. Zorigt, Minister of Minerals and Energy.

  • “Unforeseen circumstances were responsible for the rejection of the USD188 million grant for the railway project and no one should be held culpable for it. Great nations’ policies came into the picture and for the Mongolian side, it was a force majeure, an extraordinary situation brought about by circumstance beyond its control. There was no negligence or other malfeasance involved.”

Poll
Do you agree with increasing state participation in the Draft New Mining Law?
  • 1. Agree
  • 2. Disagree

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2012
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