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Jakob Stausholm: We want to demonstrate to the world that investing in Mongolia is proper solution www.montsame.mn

A delegation led by CEO of Rio Tinto Jakob Stausholm paid a courtesy call on Speaker of the State Great Khural G.Zandanshatar on January 26.
At the outset of the meeting, Mr.Jakob Stausholm thanked the Speaker for taking the time to meet the delegation, while emphasizing significant role of the Speaker to continue the Oyu Tolgoi project successfully.
“Although it was difficult for Rio Tinto to make the decisions, we are pleased that we have reached a common understanding and solutions to successfully continue the Oyu Tolgoi project and strengthen partnership. It is also gratifying to see how the democratic process is running in Mongolia,” noted Mr. Jakob Stausholm.
Congratulating for the commencement of Oyu Tolgoi underground mining operations, Speaker G.Zandanshatar noted that Mongolia shares the same values, such as respect for democracy, human rights, freedom, justice and the rule of law with its third neighbors.
“The state highest legislative body of Mongolia has been ensuring citizen’s participation and its interest. Therefore, we aimed to provide accurate information to the public by establishing Temporary Committee on Oyu Tolgoi and organized public discussions. We have achieved democratic values by working together with investors in a transparent and open manner.”
“Giving opportunity to commence the Oyu Tolgoi’s underground mining operations is a huge responsibility. We want to show to the world that making investment in Mongolia was the proper solution,” said Mr. Jakob Stausholm.
In turn, G.Zandanshatar expressed gratitude to the authorities of Rio Tinto for upholding the far-sighted and mutually beneficial principle, while noting the importance of far-sighted policy in the era of the Fourth Industrial Revolution.
The parties also exchanged views on some issues such as the implementation of the resolution No:103 approved by the Parliament of Mongolia, taxes and personnel.
Present at the meeting were Head of the Foreign Relations Department of the Secretariat of the State Great Khural Ts.Jambaldorj, member of the Board of Directors of Oyu Tolgoi LLC B.Bold and other officials.


Published Date:2022-01-27