SAYS THERE ARE MANY PEO­PLE WHO HAVE BEEN ‘BOUGHT’ BY OYU TOL­GOI

The UB Post - - FRONT PAGE - By B.CHINTUSHIG

Min­is­ter of Min­ing D.Sumiyabazar stated that there are many peo­ple who have been bought by Oyu Tol­goi to leak in­for­ma­tion and ac­tion be­ing taken by the gov­ern­ment to the com­pany. The min­is­ter im­plied that there are many civil ser­vants who re­ceive pay­ments from Oyu Tol­goi to “spy” on the gov­ern­ment. All of this was stated dur­ing a press con­fer­ence or­ga­nized by the Min­istry of Min­ing and Heavy In­dus­try.

D.Sumiyabazar di­vulged this after he was asked about Deputy Min­is­ter of Min­ing D.Zagd­jav’s re­cent calls to halt the op­er­a­tions of Oyu Tol­goi as it is not ben­e­fi­cial for Mon­go­lia.

“There are many peo­ple that have been bought by Oyu Tol­goi. They de­liver in­for­ma­tion and ma­te­ri­als from the gov­ern­ment to Oyu Tol­goi. In Mon­go­lia, there are many in­stances and top­ics that cause a stir in so­ci­ety. We must de­cide whether we want to fo­cus on reap­ing the short-term ben­e­fits or leav­ing a bet­ter fu­ture for our chil­dren,” the min­is­ter said.

Re­spond­ing to the com­ments by his deputy min­is­ter, D.Sumiyabazar said “This is not the stance of Cab­i­net, the min­istry, or the min­is­ter. We have con­cluded that Cab­i­net needs to fo­cus on two is­sues.”

“D.Zagd­jav’s is­sue is a per­sonal one. In the fu­ture, if he uses his po­si­tion to de­clare things that stray from the stance of Cab­i­net, there will be ac­count­abil­ity. The deputy min­is­ter can­not be mak­ing state­ments that are very different from the min­istry,” he added.

The first is­sue ac­cord­ing to the min­is­ter is to de­crease the in­ter­est rate that is be­ing charged to Mon­go­lia as part of the loan pro­vided to Mon­go­lia to fi­nance the de­vel­op­ment of the Oyu Tol­goi mine.

Ac­cord­ing to D.Sumiyabazar, the sec­ond is­sue is re­gard­ing the eco­nomic ben­e­fits of the project. The rea­son why Mon­go­lia is not re­ceiv­ing any eco­nomic ben­e­fits is be­cause the man­age­ment of ex­pen­di­ture needs to be bet­ter, the min­is­ter said.

The min­is­ter also crit­i­cized the board of di­rec­tors of Oyu Tol­goi for not func­tion­ing like a board and not pro­vid­ing ad­e­quate in­for­ma­tion to the gov­ern­ment.

“The loan pro­vided to Mon­go­lia has an 8.4 per­cent in­ter­est rate. The cap­i­tal that sourced the loan has a three to four per­cent in­ter­est rate. The 4.4 per­cent dis­crep­ancy in these in­ter­est rates is hurt­ing the co­op­er­a­tion be­tween the gov­ern­ment and Oyu Tol­goi. We must fo­cus on these two is­sues first,” said D.Sumiyabazar.

Pho­tos by G.ARGUUJIN

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