Mongolia holds mineral exploration forum to boost mining industry

Source: Xinhua | 2018-03-23

The 10th Mongolia Mineral Exploration Forum held here on Thursday to boost the development of geological explorations and mineral industry in Mongolia.

Mongolia has attached large importance to "the development of value-added products, job creation and economic expansion by encouraging domestic and foreign investors" and also has been keen to "strengthen the public-private partnership," Dolgorsuren Sumiyabazar, minister of Mining and Heavy Industry said at the opening ceremony.

The mining industry accounts for about a quarter of the country's gross domestic product (GDP) and more than 90 percent of exports in Mongolia, he added.

Officials and investors from over 10 countries attended the two-day annual event.

In addition, an investors' business meeting will be organized on the second day of the forum to provide a platform for businessmen to introduce their projects.