Investors' interest in revival came to light from "Discover Mongolia-2018" started in Shangri-La yesterday. 800 delegates from 25 countries have come to the "Discovery Mongolia" conference. Participants from abroad have exceeded 200. Improved macroeconomic indicators helped boost investor interest.
B. Byambasaikhan: MINISTRY OF MOVEMENT OF ASSOCIATE ASSEMBLY
Investors, large exploration project implementers, billions of dollars in money invested funds, international banks and finance, Ministry of Industry and Trade, heads of state and international organizations, analysts and experts are looking for solutions to this problem. The organizers said "The Discovery Mongolia" feature. This year's mining investment forum is being jointly organized by the Government and the Mongolian National Mining Association and the Mongolian Business Council. Head of the Mongolian Business Council B. Byambasaikhan "The mining sector is an important pillar of Mongolia's economy. Some businesses are actively pursuing this field. It's time to expand it. The key to our journey is to activate the steps to become the Northeast Asian Mining Center. To do this, you need to invest in your infrastructure and make the projects right. In doing so, the policy of promoting economic growth will be effective. In addition, we will provide investors with the right information and businesses will expand. " Interestingly, investors are interested in what they are interested in: "Mining companies and entrepreneurs want government policies to be clear and consistent. It's time to stick with the illegal miners. Most importantly, it is important to work with business associations to introduce international responsible mining standards in Mongolia. "
D.Sumyaabazar: UNCONTROLLED OF OYU TOLGOI COUNTRY
The main speaker of the main session was D.Sumyaabazar, Minister of Transportation and Urban Development. The minister said that it will finance five projects in the Tavan Tolgoi coal mine, railroad, and concentrator at Tavan Tolgoi, which will raise the IPO from Erdenes Tavan Tolgoi. In order to implement mining exploration, production, value-added processing, and infrastructure projects, it needs 20 billion dollars. From the Ministerial Report, "The dialogue is a normal process, it will not interfere with the construction of Oyu Tolgoi", "Most importantly, government policy must be clear and consistent. It is interesting to note that businesses that are in bad business practices and in accordance with international standards are different "and" Discuss how to approach the market ". The following are some interesting examples from the presentation of the director of "Seduction and Mongolia" in the "Mining Cycle and Mongolia" by Sedgie Widdd, Director of Loni Limited Limit. The country's Burkina Faso has attracted investors. He said investments in any country that promised a favorable environment and sustainability could be restored.
P.Gankhuu: RESPONSIBILITIES IN RELATIONSHIP WITH RELIGIOUS MEMBERS
Mr.Ganhuu, Executive Director of "Erdenes MGM" delivered to the investors the need for a technical renovation and extension to the Baganuur and Shivee Ovoo mines, including coal processing, steel metallurgy and precious metal purification. The Erdenes MGM started to increase its preferred stock to five million. The population has risen as a result. Citizens can benefit from state-owned mining companies through their preferred stock.
Chief Executive Officer of Oyu Tolgoi LLC Armando Torres delivered a presentation on "World-level Mining Development in Mongolia". He said, "In the past, we have been developing the strategy in Mongolia. Strategic benefits can be clearly illustrated. We are now purchasing steel balloons, radio transmitters, lime, work clothes, concentrate bags, work shoes, gloves and plastic products from domestic producers. Most of these products are manufactured domestically for the first time. " Oyu Tolgoi has spent over US $ 2.5 billion in domestic purchases since 2010.
INSTITUTE OF PROPOSED PROJECTS
The previous session was held on "The Contribution to Development of the Mining Sector". David Paul, Director of Operations "Aspire Mining Limited", presented a presentation on "North Supply: Coking Coal Supply". The number of explosives that they discovered was 20-30% of Mongolian coking coal exports. A very good news about the coal haul railway. David Paul said, "There are companies that are interested in constructing railways in the north of Mongolia and in railroad corridors. I can see that it is possible to transport rail to the Black Sea. We have big partners, and there are many investors who are interested in ours. "
The report of T.Bataa, Vice-President of Stepp Company, is also good news. The next "Gold Cashmere Mongolia" presentation was one of the reports of investors. The company, Step Gold, successfully completed an IPO of $ 25 million in the Toronto Stock Exchange in May. In June, the exploration and development work was completed and construction began. The company is implementing four exploration projects in Dornod province, one in exploration and two in Bayankhongor aimag. The focus of the project is "Altan Tsagaan Ovoo". T.Bataa said, "The start of this deposit is low. The cost of producing one ounce of gold is $ 430-450. Our company has solved all the financing needed for the mine development and operation. Use the latest equipment. Some came to the mine site. Some are subscribed and are coming ".
The presentation of the Copper Gold Harmagy project was made by Andrew Stewart, CEO of Xanadu Mining LLC. The company sold $ 25 million in exploration for the past six years. Exploration has been completed and will be submitted to next level in October. Kharmagtai is generally similar to Oyu Tolgoi. The analysis confirmed that copper is competitive in highly competitive markets. Production costs are cheaper.
T.GANBOLD: WELCOME TO BEAUTIFUL COURSES
The session of the session was held under the theme "Government initiatives", "Regional Trade and Coordination". On the "Government initiatives" topic, the presentation of "The Mineral Exchange and Erdenes Mongolia Development" by G.Ganbold, Deputy Director of "Erdenes Mongol" LLC was interesting. He said: "The momentum of mineral exports has been on the rise, it is time to set up the Mineral Exchange and to sell its strategic raw material or mineral resources at real market prices. When the Mineral Exchange is established, the relationship between buyer and buyer will be open, transparent, and will make a healthy competition in the coal market. The state budget will have a huge amount of revenue. "
NEW WORLD MONEY BUDDHISTS
The new color of "Discovery Mongolia" is the theme of "Regional Trade and Coordination" beginning at 15:50 in the afternoon. Representatives from outside Ambassadors and Mongolian embassies participated in the sessions. The main report of the sessions was given by B. Byambasaikhan, head of the Mongolian business council. He chose the topic "Regional Economic Infrastructure Initiatives". Within the framework of the "Road and Road" initiative, in the next 15 years, the Asian region needs only $ 1.7 trillion investment in the infrastructure sector. The new infrastructure is needed to sustainably grow economically in our region. The economics of the regional economies will be further integrated and the volume will increase. The idea that infrastructure projects worth $ 1.7 trillion in our region need useful mining products such as copper, iron and coal, and if they move on to large mining projects, there is a chance. The speaker stresses that in order to gain great value in participating in the large-scale construction of the region, it is necessary to pay attention to the infrastructure network with regional markets. It is possible to participate in the construction of roads, railways, aviation and energy networks. The head of the Business Council of Mongolia emphasized that electricity will join the Asian super network if they can power wind and solar power from China and Japan. The Asian super-network research is underway. B. Byambasaikhan "There is an opportunity to connect the energy network with the region in the future. There is no problem with the technical side. We are studying on what trade terms and branding techniques we are currently looking into. If we invest in wind projects, we will work. Economies will increase new export resources. It is our goal to make Mongolia the center of Asia's super-network and knowledge hubs. "
Outline the ambitions of the Ambassadors participating in the Session of Regional Trade and Coordination.
Ya PON U LSAAS M ONGOL in sitting in E LChIN MINISTER Masato Takaoka:
The world trade is becoming more and more complex. Apple's mobile phone is assembled into China and is rolling out to America. This chain of trade and business has begun. Japan has many factories. Big investment in Mexico Mexican goods are sold in America. Our country participated in the construction of your international airport. In the future, it will work in the new airport. There are 20 thousand Japanese tourists in Mongolia. At the end of the new airport, the number of tourists from Japan and other countries will be minimal. The free trade agreement between the two countries is believed to have the potential to be cheaper in exporting goods and on the other hand, as a safeguard for investors. A large Japanese company will open its subsidiary in the field of artificial intelligence in Mongolia. The computer is very heavy in the production of Cryptovalu. Your country is very cold in winter. In that sense, it is possible to open the database in Mongolia.
MOSCAM VASILDEV: Russia's Foreign Trade Agency:
I came to Mongolia 30 years ago. When I arrived late, a different country welcomed me. Russia has a new relationship with Mongolia. Russia is back. For example, we support railway reforms. Every year, it will be able to handle 100 million tons of freight. It is time to extend the railroad network connecting China, Russia and Mongolia. There is a possibility of using your net energy potential in your country. We are looking for the Asian super network.
Canada and M ONGOL in Ambassador David SPRUL:
Canada is the busiest country in the world. Your country also has big neighbors. There is a metaphor for the elephant in a single country. When the mouse turns off, the anxiety does not stop. If you turn the elephant back, the mouse will be difficult. Just imagine if you are a small country with big neighbors. Your country is landlocked. So, you need to make contracts with two countries to find the world's outbound. Obviously, the burden of a large empire is a common phenomenon. The most important way to get rid of the problem is the consensus. Large-loan loan is available to implement a large infrastructure project, which is a big issue for your country. This is to be solved by the public-private partnership. The advantage of your location is close to two large markets - China and Russia. It also has the potential of natural resources. It has the advantage of having such a long-term planning problem. Develop a knowledge-based economy. "Discover Mongolia" today.
AKM Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
Investors' interest in revival came to light from "Discover Mongolia-2018" started in Shangri-La yesterday. 800 delegates from 25 countries have come to the "Discovery Mongolia" conference. Participants from abroad have exceeded 200. Improved macroeconomic indicators helped boost investor interest.
(20min delay)
