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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 Aug 23, 2015 1:13am
112 Views
Post# 24043421

GOM Mongolia Election Before 2016 ASEM Summit. Possible.

GOM Mongolia Election Before 2016 ASEM Summit. Possible...., in part..,


What you just said basically sounds like Parliament should disband early. Also, some political observers say that a constitutional change is urgently required. Will the task to make amendments to the Constitution be handed to the next parliament?

Indeed. Frankly speaking, the current Parliament should disband earlier, before its term ends, and the election should be held earlier too. Additionally, Mongolia will host the 11th ASEM Summit next year. Having leaders of over 50 countries gather in Mongolia for a summit is a very important event. Most of the seniors that fought to have Mongolia join the United Nations so that it’ll walk side by side other independent countries of the world are no longer with us. They would’ve been so happy to have ASEM Summit held in Mongolia. It isn’t just an ordinary international meeting for Mongolia, which upholds a policy that protects our independency through political and diplomatic means. That’s why, I think it’s best to think about ASEM Summit and hold an election beforehand.

Some people raised the idea to commence the election after hosting ASEM Summit. Considering the present political conditions, I don’t think this is the best option. As for matters related to the Constitution, it shouldn’t be delayed further. It’s important for this Parliament to complete it within this year. Only that way, we will improve situations and stop political crisis in advance.

There was never an instance when Parliament disbanded before its four-year term ended in Mongolia. This time, do you think MPs will have enough courage to disband?

We’re not sitting in Parliament for our sake. When the situation is already difficult, there’s no reason for us to keep holding onto our seats until our time ends whilst afflicting the public, plaguing the nation and burdening the society. Like the saying, “If you fall once, you’ll fall seven times” [same as: “An evil chance seldom comes alone”], Parliament fell once and ended up approving a law that pardons bribery. What kind of great work would this type of Parliament accomplish in the future?

I’d like to encourage all MPs to accept the President’s veto, discuss and approve amendments to the Constitution and Law on Civil Service, and then, disband altogether. Fellow members, we need to take a resolute and definite step. Situations are worsening according to the national security perspectives. Parliament isn’t confident in itself anymore. Domestic and international economic conditions aren’t very good.

Let’s say that Parliament disbands. In advance, shouldn’t the current Parliament take appropriate measures so that the next Parliament and the ones after that don’t meet similar conditions as today?

There are some urgent issues in the Constitutional Law that need to be resolved. Parliament will have to approve a budget for next year. There are a few laws, including Criminal and Violation Laws, that have proceeded to final discussion stages. Also, approving the Law on Civil Service will make the work of the next Parliament and government much easier and help revitalize politics and civil organizations. I believe that these laws must definitely be discussed. It would be great if the Constitutional and Election Laws are approved. However, coming to an agreement on these two laws seem to be hard in light of the current political situations.
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