Prime Minister Sanjaa Bayar of Mongolia
Bayar was born in Ulan Bator, the capital of Mongolia.
Bayar joined the Mongolian People's Revolutionary Party (MPRP) in 1988.
Bayar was elected as new prime minister of a coalition government between MPRP and DP.
last week to become new party chairman.
It remains unclear whether this will have a negative effect on the project's schedule, as Bayar has not provided details of the proposed review.
In a letter to Rio Tinto and Ivanhoe Mines on December 26, Bayar said that he intended to meet this month with the project's owners to discuss the review of the agreement.
In his letter, Bayar said that his government would continue to support private investment, “including foreign investment, and intends to see the projects such as Oyu Tolgoi, that not only have a significant impact on the development of the country but also largely shape the perception of its investment environment, commence during its term in office.
Bayar has also said that he wants to involve independent, internationally recognised financial experts in the negotiation process.
Bayar discussed cooperation between Mongolia and the IAEA.
Addressing the Assemblys annual general debate, Sanjaa Bayar said it was critical to reduce global dependence on fossil fuels such as coal given the impact they have on the environment.
Bayar praised the efforts of some UN Member States and international organizations to research, develop, deploy and transfer innovative energy technologies, particularly those from renewable or low-carbon sources.
Bayar is in Seoul for a three-days visit to boost bilateral cooperation.
The company said that Mongolian Prime Minister Sanjaa Bayar has made the utilization of natural resources one of his top priorities and wants to achieve that through the approval of Oyu Tolgoi and the Tavan Tolgoi coal project owned by a Mongolian consortium.
Prime Minister Bayar said it was the government's duty to find a way to end the delay in finalizing an investment agreement 'as soon as possible,' which would clear the way for the construction of Ivanhoe's planned mine at Oyu Tolgoi," Ivanhoe said.
Bayar received “Peabody Energy” delegatesPrime Minister S.
Bayar received the Japanese Deputy Minister PM requested to support the building of new airport.
general election in June this year.
According to political observers, Bayar was favoured as his name is unsullied by allegations of corruption or financial speculation.
However, Bayar said on Tuesday that a final deal cannot be signed until the country sets out a clear nuclear energy policy and passes a law on uranium production.
In the letter, Prime Minister Bayar expressed support for foreign investment and his intention to see construction of the Oyu Tolgoi Project start prior to the Mongolian general election in June this year.
Bayar said Mongolia has asked Russia to assist with staff training and that Russia had agreed to begin courses in September.