PHOTO: Hearing on ensuring Mongolia’s interests in the utilization of the Oyu Tolgoi group deposit concluded on the second day.
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“To collaborate with the major company Rio Tinto, Erdenes Oyu Tolgoi LLC needs to employ highly skilled geologists, lawyers, and financiers.”
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PHOTO: The lights of the central square’s Christmas tree have been turned on.
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“The loan interest negotiations are underway. It is being discussed according to international standards on how much to reduce it.”
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Here is the translation of the Mongolian news headline into English:
“What does it mean to pay $19 billion in interest on a $6 billion loan? Rio Tinto takes a low-interest loan but gives Oyu Tolgoi a high-interest loan.”
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The interest rate on loans has averaged 7.2% over the past 15 years. It is incorrect to say that today’s rate has always been like this.
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Here is the translation of the Mongolian news headline into English: “Supported the discussion of the draft resolution to abolish the 2% tax on real estate sales.”
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The Central Bank successfully paid the “Green Future” bond payment.
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The headline translates to: “Since 2013, ‘Oyu Tolgoi’ company has paid a total of ₮211 billion for water usage fees.”
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Inflation in October this year reached 8.2 percent, influenced by the increase in prices of domestic goods, except for meat and solid fuels.
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S. Bayartsogt: S. Bayar was a visionary leader, which is why the agreement was successfully concluded. Otherwise, it would not have been established even now.
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Z. Enkhbold: The reason for the delay is that the construction of the Oyu Tolgoi power plant is not happening, and it’s 100% the fault of the Mongolian government.
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The Egyptian Football Association made a special request to FIFA.
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“The Quietest Risk of the Year”
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B. Lkhagvasuren: After relocating the leather processing factories to Emeelt, schools, kindergartens, and commercial service buildings will be constructed on a 20-hectare site.
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The Oyu Tolgoi company has completed a major construction project and now needs to understand that it is finally generating positive cash flow.
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The headline translates to: “Oyu Tolgoi LLC to use its dedicated road for coal transportation purposes.”
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Starting from the 1st of next month, regulations will be implemented to detect traffic violations using AI cameras and impose fines.
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The water issue in Umnugovi will be resolved through smart management.
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Here is the translation of the Mongolian news headline into English: “The Director of the General Customs Office, R. Otgonjargal, has been dismissed from their position.”
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