Ulaanbaatar /MONTSAME/ The Prime Minister Ch.Saikhanbileg Wednesday convened M.Enkhsaikhan, the Minister of Mongolia, and B.Byambasaikhan, Executive Director of the “Erdenes Mongol” company, at the “Hour for solution” weekly meeting to receive reports on current process of mega-projects.

M.Enkhsaikhan reported that one of the biggest investors of the Oyu Tolgoi project–“Turquoise Hill Resources” company–has issued a financial guarantee of one billion UD dollars for raising money for a construction of the power plant of the Tavantolgoi mine. “This is an expression of trust of the company in works at the ground mine of the Oyu Tolgoi,” Enkhsaikhan noted.

After him the PM said the governmental started the biggest construction in the energy sector, and emphasized that investment matters for the “Booroljuut” and “Tevshiin Gobi” power stations were forwarded during his visit to China. “A construction of the 5th Thermal Power Station has launched after the establishment of selling and purchasing contracts. An investment for the ‘Baganuur’ power station has been tackled positively as well. All the good news definitely will promote trust of both domestic and foreign investors,” the Premier stressed.

He ordered the “Erdenes Mongol” company Executive Director to maintain the positive tendencies and obliged M.Enkhsaikhan to pay attention to starting the construction of the Tavantolgoi’s power plant in spring of 2016.

Financing and constructions of ground mines of Oyu Tolgoi are continuing normally, in accordance with the plan, B.Byambasaikhan said and stressed the Turquoise Hill Resources company’s financial guarantee for the Tavantolgoi power plant has given investors opportunities and a confidence in low expenses and high benefits of the project. He also said the financing for the OT project has been transferred to 14banks.



Ulaanbaatar /MONTSAME/ The President of Mongolia Mr Ts.Elbegdorj attended a high-level “Global Leaders’ Meeting on Gender Equality and Women’s Empowerment: A Commitment to Action” world leaders meeting held Sunday in New York, USA.

At the meeting’s opening, Mr Elbegdorj expressed opinions and put forward proposals on gender equality and enforcing women.

Following the opening speeches by Mr Ban Ki-moon, the UN Secretary-General; and Mr Xi Jinpin, the President of the People’s Republic of China, world leaders exchanged views on improving the gender equality and measures for overcoming challenges and difficulties over global efforts to enforce women around the world.

The meeting aimed to intensify implementation of the 1995 Beijing Declaration adopted by the 4th World Congress of Women and the Political Declaration on enforcing women passed by 59th session of the Women’s Status held this year in New York.



Ulaanbaatar /MONTSAME/ The Prime Minister of Mongolia Ch.Saikhanbileg Wednesday received Mr Alexander Vershbow, the Deputy Secretary General of NATO visiting here.

At the beginning of the meeting, the Premier noted the NATO has been contributing to strengthening peace, democracy and international security, and the Mongolia-NATO cooperation is based on common aspiration to fortify the peace and security.

The main purpose of the Mongolia-NATO partnership is to strengthen the mutual understanding through consultations within the mutual interests and cooperation, the Premier said.

Underlining that Mongolia has been contributing to ensuring the global peace and security by participating in the UN peacekeeping operations, Mr Saikhanbileg pointed out Mongolia has joined the NATO program of Partners across the Globe. “Mongolia adopted a program of partnership and cooperation in 2012 with the NATO, and has been collaborating with the NATO in enhancing security, disarmament and enforcing military personnel,” he said.

In turn, Mr Vershbow mentioned the Mongolia-NATO partnership and cooperation program has been implementing successfully, and then expressed willingness to expand the military cooperation with Mongolia. He pointed out the NATO has invited Mongolia to take part in formulating a program on ensuring the security in Afghanistan.

The Premier Mr Saikhanbileg said Mongolia aspires to collaborate with the NATO in exchanging experiences in progressive technologies, military sciences and operations in order to enhance the potential and capability of the state body for ensuring security.



Ulaanbaatar /MONTSAME/ Before returning home, the Prime Minister Ch.Saikhanbileg legged the headquarters of the European Bank for Reconstruction and Development (EBRD) in London on July 3.

While at the meeting of the EBRD Board of Directors, he spoke about Mongolia potential sectors and business opportunities eligible for investments. He also stressed that Mongolia can issue more sovereign bonds of Togrog. Issuing the Togrog bonds is of an importance in enhancing the investors’ confidence in Mongolia and in spreading positive signals among international markets, he said.

Mongolia joined the EBRD in 2000 as its 61st member. A total of 53 projects and programs have been implemented with investments of some two billion US dollars. The PM expressed an interest to intensify the cooperation in these times for attracting more investments.

The EBRD side said it is willing to collaborate with Mongolia in legal sectors and to promote investment funds and private sector.

After this, the PM gave an interview to the press office of the Bank.



Ulaanbaatar /MONTSAME/ On the sidelines of his visit to the United Kingdom, the Mongolian PM Ch.Saikhanbileg met with the Prime Minister of the UK David Cameron.

Mr Saikhanbileg said his visit aims at increasing the investment volume, and asked his counterpart to support the British companies in operating in Mongolia.

Mr Cameron promised his government’s support for expanding economic cooperation between the two countries.

After this, the PM received the Secretary of State for Foreign and Commonwealth Affairs Mr Philip Hammond.

Mr Saikhanbileg said that, aside from intensifying the economic cooperation and public diplomacy, the cultural relations need to be enhanced for Mongolia and the UK. He also stressed that Mongolia gives a priority to the economic matters and attaches a great attention to attracting foreign investments.

After this, the two dignitaries touched upon the matters of regional cooperation, trade, economic relations, tourism, student exchange and educational collaboration.

Mr Hammond expressed a support for Mongolia’s candidacy to the United National Human Rights Council.



Ulaanbaatar /MONTSAME/ While in the UK with the working visit, the Premier of Mongolia Ch.Saikhanbileg gave interviews to CNBC, Financial Times and Reuters on July 1.

Highlighting a current economic situation of Mongolia and the Government’s actions to attract investors, he said “Mongolia is back to business”.

“Investors are watching carefully over Mongolia. The economic growth last year stood at 7.8 percent. Foreign investments result in short-term efficiency for Mongolian economy. The new version of Law on Investments considers both national and foreign investments as equal, facilitating them with the same favorable environment”, he stressed.

Mongolia’s economy should not be over-dependent on mining, he said, “we are working on economic diversification.Mongolia has many potential sectors to receive investments, including agriculture and tourism”.

“Our country has a vast territory, over 60 million livestock, some 6,000 natural resource deposits that have 80 types of mineral riches. We are putting efforts to turn the current economic opportunities to the long-term excellence”.

The message to investors is “All activities for expanding and diversifying the economy is welcome. Doors of Mongolia are always to open for investors,” he underlined.