Investment opportunities presented to Australian investors

Economy | Mining
2018-11-01 18:18:30

Ulaanbaatar /MONTSAME/. Delegates lead by the Minister of Mining and Heavy Industry D.Sumiyabazar and MP A.Undraa are currently participating in the International Mining and Resources Conference (IMARC-2018), which is taking place in Melbourne, Australia. Minister D.Sumiyabazar hold a meeting with Australian investors today.

During the meeting, he gave information about the better environment that is currently forming in the mining and heavy industry sector of Mongolia. Noting that the preparation for trading of up to 30 percent of shares of Erdenes Tavan Tolgoi JSC on both domestic and international stock exchanges is currently underway, he called on the investors to partner in making the project into a global large-scale project.

Aside from the Australian investors, Ambassador of Mongolia to Australia B.Chuluunkhuu, Ambassador of Australia to Mongolia John Langtry and CEO of Oyu Tolgoi Armando Torres attended the meeting.

Minister D.Sumiyabazar stated that he’s currently working on founding a joint public and private international investors’ consultation committee at the Ministry of Mining and Heavy Industry.