Invest Mongolia 2016 to be held
Invest Mongolia 2016 to be held next week.
Invest Mongolia 2016 to be held next week. It is the biggest investors’ forum in Mongolia, which has vast mineral resources, including coal, copper and gold. The forum will focus on assessments of the government’s action plan for the next four years. The forum will present an overview of the Mongolian economy, including updates on legal, accounting, and other regulatory changes; the launch of Asian Infrastructure and Investment Bank and its involvement in developing infrastructure in Mongolia. The organizers are highlighting issues concerning the progress of the Oyu Tolgoi underground mine and other major projects, as well as their impact on the local economy. Canadian miner Rio Tinto, that has a 66 percent controlling interest in Mongolia's Oyu Tolgoi (OT) mine, recently announced it would invest about $5 billion in OT over the next four years. Optimism is also high for progress on the Tavan Tolgoi (TT) mine, one of the world's biggest untapped coking and thermal coal deposits, which also experienced difficulties under the previous administration.
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