Oyu tolgoi project process discussed
Prime Minister Khurelsukh urged for intensification of infrastructure development works within Oyu Tolgoi project, during his meeting with Rio Tinto CEO Jean-Sébastien Jacques in Ulaanbaatar.
The Oyu Tolgoi project is co-owned by the Government of Mongolia and Turquoise Hill Resources. Rio Tinto Group has been managing the project since 2010. Prime Minister Khurelsukh urged for intensification of infrastructure development works within Oyu Tolgoi project, during his meeting with Rio Tinto CEO Jean-Sébastien Jacques in Ulaanbaatar. The Prime Minister said, “we need to establish a joint working group. As a partner, the Government of Mongolia aims to increase the benefit of the project; hence, there is a need to reduce the project’s financial expenses and loan interest rate.” Prime Minister Khurelsukh also touched upon infrastructure development works including the establishment of a power plant based on Tavan Tolgoi deposit in order to increase energy supply in the Gobi region, and the railway construction which will intensify coal transport and export. For his part, Mr. Jacques informed about the opening of a new Rio Tinto office in Ulaanbaatar, which will support the company’s exploration program and technology centre, while expressing supportive stance on the Prime Minister’s proposals. The CEO expressed Rio Tinto’s readiness to cooperate with the Government of Mongolia on “creating long-term sustainable solutions that benefit all stakeholders and the country while staying true to the established investment frameworks”. The CEO also backed the Prime Minister’s proposal to establish a joint working group saying “We will continue to work together to solve outstanding issues as the joint working group progresses win-win solutions on matters such as power and community development.”
Views: 1717
Tweet