German cooperation in rare earths exploration in Mongolia discussed

The National Development and Innovation Committee and GTZ, the German international cooperation organization, recently organized a seminar at the Ministry of Foreign Affairs to explore the possibilities of developing rare earths based industries in Mongolia. The participants exchanged views and information on cooperation with German industries, and with scientific and financial organizations to produce final product and to export them. Presentations were made on international rare earths demand and production, Mongolia’s rare earths deposit reserves, current geological research status, and foreign investment in the sector. Participants included representatives of Parliament, the Ministry of Mineral Resources and Energy, the German Embassy, universities, the Science Academy, FIFTA, and Mongolrostsvetmet LLC.