Minister of Foreign Affairs D. Tsogtbaatar handed over the first part of a report on Russian geological research conducted in Mongolia from 1950 to 1990 to Minister of Mining and Heavy Industry D. Sumiyabazar.
Seventy discs of data have been handed over, which had been stored in the archives of the Russian Federal Geological Fund. Once entered into Mongolia's geological and minerals resource database, the research data is expected to significantly contribute to the development of geological sector and play an important role in attracting domestic and foreign investment. During a ceremony for the presentation of the report, Minister D. Tsogtbaatar stated, “Collecting geological data requires a lot of effort, time and investment.
These materials will definitely be of great importance to attracting investment and planning further action. Investors require baseline data, so this information will be very helpful.” Minister D. Sumiyabazar said, “These documents will vastly contribute to the development of the geological and mining sectors, and will be of great help to enriching the Mongolian treasury fund. Due to certain conditions during socialist times, the research materials and reports of Soviet expeditions were not handed over to the state's geological fund.
Thanks to the close cooperation of the Ministry of Mining and Heavy Industry with relevant Russian institutions, today we are receiving these valuable documents. Besides contributing to the development of the country’s geological sector, these materials will also become important to geological science and undertaking an assessment of the minerals sector.”
Minister of Foreign Affairs D. Tsogtbaatar handed over the first part of a report on Russian geological research conducted in Mongolia from 1950 to 1990 to Minister of Mining and Heavy Industry D. Sumiyabazar.
Seventy discs of data have been handed over, which had been stored in the archives of the Russian Federal Geological Fund. Once entered into Mongolia's geological and minerals resource database, the research data is expected to significantly contribute to the development of geological sector and play an important role in attracting domestic and foreign investment. During a ceremony for the presentation of the report, Minister D. Tsogtbaatar stated, “Collecting geological data requires a lot of effort, time and investment.
These materials will definitely be of great importance to attracting investment and planning further action. Investors require baseline data, so this information will be very helpful.” Minister D. Sumiyabazar said, “These documents will vastly contribute to the development of the geological and mining sectors, and will be of great help to enriching the Mongolian treasury fund. Due to certain conditions during socialist times, the research materials and reports of Soviet expeditions were not handed over to the state's geological fund.
Thanks to the close cooperation of the Ministry of Mining and Heavy Industry with relevant Russian institutions, today we are receiving these valuable documents. Besides contributing to the development of the country’s geological sector, these materials will also become important to geological science and undertaking an assessment of the minerals sector.”