Mongolian delegation attends ‘Metals and Mining’ conference

Economy
unurzul@montsame.gov.mn
2019-11-07 14:02:43

Ulaanbaatar/MONTSAME/. State Secretary of the Ministry of Mining and Heavy Industry G.Nandinjargal took part in ‘LSEG EMEA Metals & Mining’ international conference, held in London on November 1 and gave a keynote speech ‘Spotlight on Mongolian Mining Industry’.

In his speech, Mr.Nandinjargal said that Mongolia’s mining sector produces 24 percent of the country’s GDP and makes up 70 percent of foreign direct investment and 89 percent of total export as of the first quarter of 2019 and called on investors to cooperate with Mongolia which has abundant natural resources.

In the conference, representatives of the Ministry and Erdenes Tavantolgoi Mining LLC gave a presentation on Mongolia’s petroleum and heavy Industry and preparation of making IPO.