Ulaanbaatar
Oyu Tolgoi Underground Mine to be Opened on March 13
Society
Ulaanbaatar, February 24, 2023
/MONTSAME/. The Prime Minister of Mongolia L.
Oyun-Erdene reported during his interview with MNB that the opening ceremony of
the Oyu Tolgoi underground mine would be held on March 13, 2023.
Noting the investor side's letter to write off
Mongolia's USD 2.3 billion debt, for its
share (34 percent)
of Oyu Tolgoi owned by the Government of Mongolia, the Prime
Minister of Mongolia said that further developments had been impossible to accomplish due
to this 34 percent debt. This bottleneck has held up for over ten years
and become one of the hottest political topics.
The
opening ceremony of the OT underground mine will be a milestone in the history
of Mongolia and the underground mine. Furthermore, it will
also
provide an opportunity to increase Mongolia's GDP two times. In other words,
our future is on the bright side.
