Ulaanbaatar
Erdenet Board to comprise only government officials
PoliticsUlaanbaatar /MONTSAME/ During the Cabinet’s regular meeting on March 29, Wednesday, Prime Minister J.Erdenebat expressed concerns over the lingering process surrounding Erdenet Mining Corporation, an issue on which a working group led by Finance Minister B.Choijilsuren is currently working on.
Last February, Parliament ordered the Cabinet to claim 49 percent ownership of Erdenet Plant, thus transferring the full ownership of the plant to Government of Mongolia.
In the scope of the Parliament’s resolution on Erdenet Mining Corporation, the Prime Minister instructed Head of Cabinet Secretariat J.Munkhbat and Head of Agency for Policy Coordination on State Property Ts.Nyam-Osor to form the Board of the corporation with only government officials in compliance with related laws and regulations, and furthermore ensure increased government representation in the administration of the corporation.
