Some specific articles of the multi-billion dollar agreement including the percentage of the government's stake of 34% would be reviewed again by the government and resubmit to the Parliament with 51%. Two different working groups were set up to negotiate with the investors on
this. Opposition Member of Parliament S.Lambaa confirmed the information that the draft investment agreement has been withdrawn back.
"The draft agreement is put above the laws and regulations of Mongolia, which should not be acceptable."The agreement was to be signed between the Government of Mongolia and Canadian invested Ivanhoe Mines Mongolia Inc company after the Parliament approves.
The UB Post plans to write an editorial piece on this.