The Erdenet Mining Corporation - Cooperation and Investment Opportunities business forum was held in Orkhon Province from December 13 to 14.
The international forum was organized by Erdenet Mining Corporation (EMC) and the Ministry of Mining and Heavy Industry. Mining Minister D. Sumiyabazar noted during the forum that the issuing of special exploration permits will resume on January 1, 2018.
He also highlighted, “Parliament has tried reviewing and amending mining laws and other regulations 254 times, which may show that the government is actively involved in the mining industry, but stable legislation is still somehow lacking.
When making changes to legislation, we need to hear from local and foreign investors.” During the forum, EMC's development concept for 2017 through 2031 was introduced. General Director of EMC Kh. Badamsuren noted, “2017 was not very good for EMC. We are focusing on improving techniques and technology, and lowering the cost of the products.” EMC generated 534 billion MNT for the state as of November 2017, but the company planned to generate 570 billion MNT before the end of the year.
The Erdenet Mining Corporation - Cooperation and Investment Opportunities business forum was held in Orkhon Province from December 13 to 14.
The international forum was organized by Erdenet Mining Corporation (EMC) and the Ministry of Mining and Heavy Industry. Mining Minister D. Sumiyabazar noted during the forum that the issuing of special exploration permits will resume on January 1, 2018.
He also highlighted, “Parliament has tried reviewing and amending mining laws and other regulations 254 times, which may show that the government is actively involved in the mining industry, but stable legislation is still somehow lacking.
When making changes to legislation, we need to hear from local and foreign investors.” During the forum, EMC's development concept for 2017 through 2031 was introduced. General Director of EMC Kh. Badamsuren noted, “2017 was not very good for EMC. We are focusing on improving techniques and technology, and lowering the cost of the products.” EMC generated 534 billion MNT for the state as of November 2017, but the company planned to generate 570 billion MNT before the end of the year.