During its regular session on December 20, 2023, the Cabinet made the following decisions:
Citizens of Mongolia Born after April 11, 2012, to Own 1,072 shares of "Erdenes Tavantolgoi"
The Cabinet decided to submit the draft resolution of the State Great Khural "On Some Measures to be Taken regarding the Shares of Erdenes Tavantolgoi.
In alignment with the principles enshrined in the Constitution of Mongolia, the shareholding structure of Erdenes Tavantolgoi JSC should be adjusted to allocate 34 percent of the total shares to Mongolian citizens. This allocation should encompass not only current citizens but also future generations by incorporating provisions for children born after April 11, 2012, and individuals who acquire Mongolian citizenship in the future.
As of today, Erdenes Mongolia LLC holds 81.5% of the shares in Erdenes Tavantolgoi JSC. Approximately 2.5 million Mongolian citizens born before April 11, 2012, collectively own 18.44 percent. National enterprises retain ownership of the remaining 0.06% of shares.
The Draft Resolution aims to achieve equitable distribution of natural resource benefits among all Mongolian citizens by granting 1,072 shares of Erdenes Tavantolgoi JSC to each Mongolian citizen born after April 11, 2012, who does not currently hold shares in the company. Also, the Draft Resolution proposes granting ownership of Erdenes-Tavantolgoi JSC shares to every Mongolian citizen born on or after January 1, 2024, directly.
Minister of Mongolia and Chief Cabinet Secretary D. Amarbayasgalan stated, "Currently, 2.5 million Mongolians possess 18.4 percent ownership of Erdenes-Tavantolgoi JSC, and this ownership will extend to 3.5 million citizens, constituting a 34 percent of shares. Specifically, 3,541,803 citizens of Mongolia will hold 34 percent, equivalent to 4.08 billion shares of "Erdenes Tavantolgoi" JSC. As a result of it, state ownership will lower to 65.9 percent."
The Winter Tourism Development Plan Approved
In conjunction with the Mongolian Government's announcing 2023-2025 as the "Years to Visit Mongolia", the Ministry of Environment and Tourism of Mongolia has developed a plan to promote winter tourism in Mongolia, increase the number of tourists, encourage them to visit Mongolia again and implement projects based on local communities. The Cabinet members, governors of Ulaanbaatar City, and all 21 aimags, along with heads of relevant public organizations, were directed to prioritize the implementation of activities outlined in the Plan from January 1 to May 1, 2024.
To attract more winter tourists, enhance tourism flow, mitigate seasonality, and foster the development of winter tourism, the Plan mandates that MIAT Mongolian Airlines maintains its discount ranging from 25-40 percent on the average flight prices. Additionally, the Plan outlines collaborative efforts with tour operators to immediately plan winter trips. Hotels, tourist camps, resorts, and healthcare centers in Mongolia offer significant fee reductions of up to 50 percent during the winter season.
To coincide with public and winter holidays in Mongolia, and in support of domestic tourism initiatives, a variety of leisure and travel opportunities will be made available. Regular winter sports events and other competitions will also be organized. The tourism program consists of the development of border tourism routes alongside the organization of national and other sporting competitions and activities, including road trips, traditional ice-knuckle bone shooting and archery tournaments, as well as national festivals, such as "Mungulug Shagshuurga (Silver Reeds)" Winter Festival and "Blue Pearl" Ice Festival, the Eagle Festival, the Camel Festival and Camel Polo matches, the Reindeer Festival, and the Winter Nomads - Tsagaan Sar.
The suspension of Livestock Fodder Exports, Initially Set until March 1, 2024, to be Extended to the End of 2024
During today's Cabinet meeting, Deputy Prime Minister and Chairman of the State Emergency Commission S. Amarsaikhan briefed on the wintering condition, highlighting measures taken by the Commission and his recent visit to Arkhangai and Zavkhan aimags.
According to the National Agency for Meteorology and Environmental Monitoring, 81% of the entire territory of Mongolia is currently covered with snow. The winter and spring conditions for the period of 2023-2024 are expected to deteriorate further due to the intensification of cold temperatures, heavy snowfall, strong snowstorms, and the formation of ice resulting from the melting of the snow surface. As of December 10, 2023, 40 soums in 11 aimags are experiencing white zud, while 48 soums in 12 aimags are at a moderate risk of zud.
Between November 1 and December 8, 2023, four dangerous and catastrophic weather events occurred across the entire territory of Mongolia. Following a period of heavy snowfall, the whole region experienced a fluctuation in temperatures, transitioning from warmth to cold. This temperature shift led to the melting of the snow surface, resulting in the formation of an ice cover that now blankets the pastures.
Considering the circumstances outlined, the suspension of livestock fodder exports, initially set until March 1, 2024, has been extended to the end of 2024.In response to worsening conditions and an increase in pastoral movement, the Ministry of Food, Agriculture, and Light Industry Kh. Bolorchuluun, the Ministry of Environment and Tourism B. Bat-Erdene, and governors of aimags and soums were tasked to implement risk reduction measures, including ending the practice of driving out herdsmen on the move and establishing regulatory frameworks for resource-based pastoral movement.
Source: montsame.mn
