The top priority for organizers of Metals Mongolia 2012 is to attract environmentally-friendly investments into the sector in a bid to develop a vision for the country’s resources future. The second annual conference will be held at Ulaanbataar’s Chinggis Khaan Hotel on November 8 and 9.
The conference will coincide with Mongolia’s 90th anniversary of its mining sector.
The Mongolian Government has again supported the event and will provide a number of ministers as guest speakers during the two day conference. Mining Minister Ganhuyag Davaajav, Industry and Agriculture Minister Battulga Khaltmaa and Vice-minister of Economic Development Chuluunbat Ochirbat are among those who will make presentations.
Delegates will also be able to hear from some of the leaders of the world’s biggest mines with Cameron McRae from Oyu Tolgoi and Erdene’s Peter C Akerley among the line-up.
“We are confident that this conference will meet the expectations of those who consider potential investment in metals and mining sector of Mongolia, seek most up-to-date information on the policies of the government and its plans, are interested in obtaining market updates and information about newest projects and technologies, or seek to expand their business contacts,” says the conference’s managing director Kherlen Shilkhuu.
Attracting ‘green’ investments involving the most optimal and advanced technologies with the smallest environmental footprint is on top of the list for organizers and the government.
Mongolia’s mineral resources are largely unexplored and unexploited, with more than 1.5 million sqkm of varied geological terrain with potential mineral resources.
Some 80 different minerals have been discovered in Mongolia including coal, fluorspar, and ores of copper, gold, iron, lead, molybdenum, silver, tungsten, uranium and zinc. Mongolia has considerable copper reserves allowing the country to set up a new subsector of the mining industry. The Oyu Tolgoi copper-gold deposit alone has reserves of 45 million tonnes of copper and 819 tonnes of gold.