1 JAPAN TO GRANT A US$ 850 MILLION SOFT LOAN TO MONGOLIA WWW.GOGO.MN PUBLISHED:2017/03/30      2 MONGOLIA LAUNCHES SEVEN NEW AIR ROUTES WWW.GOGO.MN PUBLISHED:2017/03/30      3 ERDENES TAVAN TOLGOI ANNOUNCES COMPLETE REPAYMENT OF DEBT TO CHALCO WWW.MONTSAME.MN PUBLISHED:2017/03/30      4 OYU TOLGOI ANNOUNCES 2016 PERFORMANCE UPDATE WWW.OT.MN PUBLISHED:2017/03/30      5 CONSTANT SUPPLY OF ENERGY ENSURED IN WESTERN AREA OF KHUVSGUL LAKE WWW.MONTSAME.MN PUBLISHED:2017/03/30      6 MIDTERM PROGRAM ON STRATEGIC PARTNERSHIP OF MONGOLIA AND JAPAN SIGNED WWW.MONTSAME.MN PUBLISHED:2017/03/30      7 UB MAYOR CLOSES RIVER TUUL QUARRY WWW.NEWS.MN PUBLISHED:2017/03/30      8 CABINET ORDERS FREE ISSUANCE OF HAY TO HERDERS WWW.MONTSAME.MN PUBLISHED:2017/03/30      9 ERDENET BOARD TO COMPRISE ONLY GOVERNMENT OFFICIALS WWW.MONTSAME.MN PUBLISHED:2017/03/30      10 GAZPROM REFUSES TO NAME AND SHAME RUSSIAN AUTHORITIES FALLING BEHIND ON BILLS WWW.MOSCOWTIMES.COM PUBLISHED:2017/03/30      “МОНГОЛЫН ТӨМӨР ЗАМ” 20.5 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛ ХҮЛЭЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30     ЭНЭ ОНД ХЭДЭН КОМПАНИ АНХДАГЧ ЗАХ ЗЭЭЛД ХУВЬЦААГАА ГАРГАХ ВЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30     Д.АРИУНБОЛД: 1072 ХУВЬЦААГ ХӨРӨНГИЙН ЗАХ ЗЭЭЛД ГАРГАСНААР ИРГЭД НОГДОЛ АШИГ ХҮРТЭХ БОЛОМЖТОЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/03/30     “ОЮУ ТОЛГОЙ” КОМПАНИ 2016 ОНЫ ГҮЙЦЭТГЭЛИЙН ТАЙЛАНГАА ТАНИЛЦУУЛЛАА WWW.OT.MN НИЙТЭЛСЭН:2017/03/30     МОНГОЛ УЛС ХАМГИЙН УРТ БУЮУ 1635 КМ АГААРЫН ЗАМ НЭЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/03/30     “ОЮУ ТОЛГОЙ” ЭНЭ ОНД 160 МЯНГАН ТОНН ЗЭС, 140 МЯНГАН УНЦИ АЛТ ҮЙЛДВЭРЛЭНЭ WWW.OT.MN НИЙТЭЛСЭН:2017/03/30     ХӨШИГИЙН ХӨНДИЙН ШИНЭ НИСЭХ БУУДЛЫН ТАЛААР АВАХ АРГА ХЭМЖЭЭНИЙ ТУХАЙ ТОГТООЛ ГАРГАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30     МАЛЧИН ӨРХИЙН 12.2 ХУВЬ НЬ МАЛЫН ИНДЕКСЖҮҮЛСЭН ДААТГАЛД ХАМРАГДЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” КОМПАНИ “CHALCO”-Д ТӨЛӨХ ӨРӨӨ БАРАГДУУЛЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30     ГЭР БҮЛИЙН ХЭРЭГЦЭЭНИЙ ЗОРИУЛАЛТААР 8013 ГА ГАЗАР ӨМЧЛҮҮЛНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/30    

Investment forum seeks possibilities to raise gold production www.montsame.mn

Ulaanbaatar /MONTSAME/ "Mongolia Gold 2017" investment forum was held on March 17 at the Chinggis Hotel, gathering some 300 domestic and international delegates from government, private sector and investors.

“Mongolian Mining Exchange” company organized the event with aims to improve legal environment, stabilize it, solve financing, introduce gold projects and advanced technologies, expand business ties and cooperation, share international experiences and bring exploration works into a new level.

Gold production of Mongolia makes up 2.6 per cent of GDP or 9.1 per cent of export revenues. Gold export is planned to be increased consistently by 2-3 tons each year and is expected to reach USD 1.2 billion in 2020 and USD 1.6 billion in 2025, increasing export revenues from gold by 26,7 per cent and 68.4 per cent respectively, compared with gold exports in 2015.

As of last November, a total of 17.6 tons of gold in value of USD680 million was sold to the Bank of Mongolia. The number of companies, which are running business in the gold industry, and gold production has been increasing year by year. Now, gold miners occupy 45 per cent of mining companies.

The Ministry of Mining and Heavy Industry is working to make a list of gold mining license holders, which needs additional financing. To boost gold industry, the Government approved “Gold-2” program, the main goal of which is to give financial support to gold miners in order to increase their operational capacity and to mine 25 tons of gold by 2020, increasing gold reserves by 100-150 tones. Funding, needed for the program, will be covered jointly by the Government and the Bank of Mongolia, according to Minister of Mining and Heavy Industry Ts.Dashdorj. “Gold” and “Gold 2000” programs were implemented in 1992-2000.

There are 1642 registered gold licenses, out of which 542 for mining and 1100 for exploration, covering 46.3 per cent of all mining licenses, informed Deputy Chair of Mineral Resources and Petroleum Authority M.Enkhjargal.

“-“Gold-2” program targets to ensure sustainable development of gold production in short and middle terms, increase geological research and exploration works, raise gold production consistently through utilizing placer and other metal deposits containing gold and to introduce best technology, equipment and management in gold mining, processing and rehabilitation, which are eco-friendly, has low negative effect to human health and supportive to sustainable development” noted the Deputy Chair.



Published Date:2017-03-20