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Friday, May 9, 2014

Economic Stimulus Bill Passed, Instructs GoM to Show Policy Support & Speed Up OT Underground Development

Economic Stimulus Bill Passed, Instructs GoM to Show Policy Support & Speed Up OT Underground Development

May 9 (Cover Mongolia) Yesterday, during State Great Khural (SGK) full session, the government proposed draft SGK resolution on “Certain Measures to Stimulate the Economy”.

Final version included a clause where it instructs GoM to “speed up development of Oyu Tolgoi underground mine and show policy support to the implementation of this project”.

Link to SGK press release

Link to final version of resolution introduced

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