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Turquoise Hill Resources Ltd. TRQ


Primary Symbol: T.TRQ

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...


TSX:TRQ - Post by User

Post by petrojellon Jun 30, 2014 11:57am
218 Views
Post# 22705554

Bill on Public Hearing..... (here come Eco, Enviro nuttts..)

Bill on Public Hearing..... (here come Eco, Enviro nuttts..)

President introduces some bills

  • Monday, Jun 30 2014
  • Written by  B.Khude

Ulaanbaatar /MONTSAME/ The President Ts.Elbegdorj Monday introduced to parliamentarians and the media some draft laws being formulated in frames of the "Smart Government" initiative.

These drafts are on imposing responsibilities upon elected or appointed high level officials, on public hearing, on “glass” account and on general law on administration. The leader of Mongolia spoke about them to members of the factions of the Democratic Party, Mongolian People’s Party (MPP), "Justice"  coalition (Mongolian People’s Revolutionary Party and Mongolian National Democratic Party). These bills are expected to be passed by next autumn session of parliament, and it is important to form the smart government, he said. These laws will ensure a transparency of budget, let realize a system of responsibility, make the state servants more responsible, and will provide people with necessary information, he hoped.

The bill on public hearing says about seven basic kinds of hearings focused on legislative process, general monitoring, budget monitoring, appointments, investigation, administrative norms, planning and locality, ensuring of a civil participation in the state management, the President said.

The draft law on imposing responsibilities upon elected or appointed high officials designs legal basis and rules for dismissing and recalling such servants, as well as their responsibilities.

Mongolia still do not have any laws on regulating general matters within specialized laws for state actions, so the draft on General law on administration has been worked out, he said.

With a purpose of the fruitful exploitation of budgetary capitals, the bill on “glass” account has clauses on forming a system that makes decisions and activities of the budget management more transparent, on monitoring actions of administrative bodies and officials by delivering open information to the public.

The President said he will play a key role in passing these drafts during parliamentary session.

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