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"DISCOVER MONGOLIA 2018" EMPHASIZES WHAT IT MEANS
Published Date: 07 September 2018 18:20
Research findings on the second day of the Discover Mongolia conference highlight that the tax environment should be more favorable for foreign investors and competitiveness. For example, it is suggested that the current 2.5 per cent royalty rate should continue. On the first day of the church,

Research Discoverers emphasized that the "Discover Mongolia" forum should encourage tax exemptions to attract foreign investors. Photo: ot.mn

Mining and Heavy Industry Minister D.Sumyazarz said that the production of the exploration, mining, and value-added processing industries, as well as infrastructure projects, would need 20 billion USD to 2030. He also explores the exploration license to conduct legal regulation for non-recruitment applications.


During the conference, David Paul, managing director of Aspire Mining Company, has reportedly discovered a reserve of 20-30 percent of Mongolia's coking coal exports. Also known as the "Xanadu Mines" company, the cost of using the "Kharmaggai" deposit has been established. In addition, Erdenes Mongol LLC has been setting up a company in oil and gas field and has been working to incorporate company's preferred shares into five million.

Also, Erdene Resource Development is planning to exploit a deposit of 1.5 million ounces of gold in 2020-21 . The annual gold yield is 60-70 thousand ounces .

In addition, " Oyu parent" company board budget approved funds to make a complete finishing solution research related to energy and electricity. Investor Rio Tinto and the Energy Department continue to talk that Armando Torres , CEO of Oyu Tolgoi LLC, said.



To me the mind blowing aspect taken from this conference is the countries mining and industry minister Mr D.Sumyazarz stayed both days from start to finish like every other person in the conference with exceptional energy and enthusiasm and focus to make Mongolia mining future great. Aspire future is amazing in the long run when the country is extremely supportive.