[cpsnewswire] [NEWS ALERT] Mongolian MPs to Question Australian Government

Canberra 'lobbied against tax'

A DELEGATION of Mongolian MPs will ask the federal government why it lobbied against a mining super-profits tax in their country.

July 12 (The Australian) Like Australia, Mongolia is in the grip of a mining boom. The government introduced a tax of up to 68 per cent of mining profits.

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The leader of the Greens party in Mongolia, opposition MP Enkhbat, has contacted his Australian counterpart, Bob Brown, to express his concern that the local return from such ventures will now prove inadequate.

Senator Brown said: "There was a domestic campaign against the Oyu Tolgoi mine.

"Clearly the Australian government lobbied for Rio Tinto against those Mongolians -- a number of whom were arrested and jailed after peaceful protests.

"I want the Gillard government to clear the air on the government's role on behalf of Rio Tinto," he said, "and also if it influenced the Mongolian authorities to legislate to overturn the super-profits tax."

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"Mogi" Munkhdul Badral

CPS International

Email: mogi@cpsinternational.mn

Mobile: +976-99996779

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at mogi@cpsinternational.mn or +976-9999-6779.