Tavan Tolgoi is the second largest mining investment in Mongolia, following the Oyu Tolgoi copper mine. Initial estimates have indicated Tavan Tolgoi will produce 30 million tons of coal annually for the next 30 years.
Newly elected Mongolian Prime Minister Sanj Bayar has proposed new laws to allow the government to take control of the Tavan Tolgoi deposit, N. Algaa, the executive director of the Mongolian National Mining Association, has told Bloomberg News.
"The new prime minister, Bayar, has made a proposal to Energy Resources," Algaa said Thursday.
"His proposal is that the government takes 100 percent ownership of Tavan Tolgoi, but it will be done through negotiations."
Tuesday, 11 December 2007