China-Mongolia deal
Source: Agencies |
June 17, 2011, Friday
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Print Edition
Print Edition
CHINA and Mongolia yesterday signed a strategic partnership deal, and China agreed to provide a US$500 million loan to the landlocked but mineral-rich neighbor.
Chinese Premier Wen Jiabao met Mongolian Prime Minister Sukhbataar Batbold yesterday in Beijing. They signed the partnership agreement and oversaw the signing of eight other deals on economic and technology cooperation, vehicle trade and other areas.
Mongolia has been looking to sell its minerals. While visiting Hong Kong on Tuesday, Batbold said a huge copper and gold mining complex in south Mongolia is on track to be completed next year.
Batbold also said the government is aiming to choose a bidder for the giant Tavan Tolgoi coal mine this year.
Chinese Premier Wen Jiabao met Mongolian Prime Minister Sukhbataar Batbold yesterday in Beijing. They signed the partnership agreement and oversaw the signing of eight other deals on economic and technology cooperation, vehicle trade and other areas.
Mongolia has been looking to sell its minerals. While visiting Hong Kong on Tuesday, Batbold said a huge copper and gold mining complex in south Mongolia is on track to be completed next year.
Batbold also said the government is aiming to choose a bidder for the giant Tavan Tolgoi coal mine this year.
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