Mongolian Day at PDAC 2023Economy
Ulaanbaatar, March 13, 2023 /MONTSAME/. The Word’s Premier Mineral Exploration and Mining Convention was held between March 5-8 in Toronto, Canada.
Mongolia has been participating in this convention, organized by the Prospectors & Developers Association of Canada (PDAC) for 17 years since 2006. During the convention, several meetings were held involving ministries and other stakeholders to discuss and exchange views on cooperation in this sector and opportunities to improve the investment climate of Mongolia and the Mongolian representatives presented on its mega projects, exploration and development opportunities, and practices, and investment environment competitiveness.
In addition, the Mongolian National Mining Association organized the “Mongolian Day” event where the Minister of Mining and Heavy Industry Mr. Ganbaatar made a speech on Mongolian mineral resources and policy reform of the sector and mining companies introduced their projects and discussed cooperation opportunities with the investors gathered at the convention.
According to the Ministry of Mining and Heavy Industry, the PDAC 2023 was of high significance in positively promoting the Mongolian mining sector to foreign investors, in terms of enhancing favorable conditions for investments, encouraging responsible mining, being a long-term and reliable partner, allowing the company and locals equally benefit from the investment projects, and maintaining cooperation based on mutual understanding.