Cabinet endorses Oyu Tolgoi agreement, sends to Ikh Hural for approval On March 2, Prime Minister Sanj Bayar’s cabinet approved the draft Oyu Tolgoi Investment Agreement with Ivanhoe Mines and resolved to present the agreement to the State Great Hural (SGH) for approval. The Mongolian National Security Council also reviewed the draft and approved it in principle. The cabinet authorized the Ministers of Finance, of Mining and Energy and of Environment and Tourism to initial the agreement in behalf of the GoM.
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Headframe and hoist room under construction at Oyu Tolgoi project |