“Metals Mongolia” forum wraps up

Officials read 28 reports at the “Metals Mongolia-2011” forum, which was held in Ulaanbaatar on November 3 and 4. The forum addressed Mongolia’s mining and metallurgy sectors at present, expected future trends, investment opportunities, environmental issues, and technology.

Minister for Mineral Resources and Energy D.Zorigt noted that an agreement will be made to invest MNT 200 billion into the heavy industrial sector.

Trade and Development Bank (TDB) President R. Koppa raised the issue of a 1000- km highway in Mongolia, and TDB First Vice President O.Orkhon introduced a report.

The director of state-owned Tau Ken Samurik LLC of Kazakhstan, V.Son, told of Kazakhstan’s experiences in mining and metallurgy, saying the country has 55 metal deposit mines. The state exploits some 20 percent of the mines, he stated.

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