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Mining Minister addresses Davos 2018 and other issues www.gogo.mn
Following Cabinet's report on its first 100 days, on January 29, Minister of Mining and Heavy Industry D. Sumiyabazar briefed journalists on Mongolia's representation at the 2018 World Economic Forum in Davos, Switzerland, and the current state of gasoline prices.
Minister D. Sumiyabazar said, “Davos 2018 determined directions for 2018, including the mining sector. I met with representatives from 40 nations that are mostly mining producers. It is predicted that commodity reserves will increase by one million tons, because 40 million electric cars are going to be produced by 2030.
The Government of Mongolia and the Mining Ministry stated that Mongolia needs a strategic partner to discover reserves of rare earth minerals.”
He spoke about gasoline prices and said, “The cabinet and the Mining Ministry will work on preventing retail price pressures for consumers. I spoke with Russian Deputy Minister for Industry and Energy Arkady Dvorkovich about keeping gasoline prices stable.”
He also answered questions regarding the Tavan Tolgoi project. He noted that the ministry will submit proposals to Cabinet and Parliament with careful consideration and research.
He said, "We will focus on enhancing the mine’s efficacy and benefits for the public."
Published Date:2018-01-30
