The state visit of Federal President of Federal Republic of Germany J.Gauck taking place during October 14 - 16 has been concluded. The visit played crucial role in strengthening bilateral ties, especially in intensifying cooperation in the fields of economy, defense, culture, education and science within the framework of the comprehensive partnership between Mongolia and Germany, mentioned officials. But, what did Mr J.Gauck bring to Mongolia?
During the visit, two sides signed agreements to expand the Mongolia-Germany partnership in the scientific field along with a Memorandum of Understanding to cooperate in the mineral resources and industrial sector, which was signed between private sector representatives of the two countries. In details, copper concentrate trading agreement between Erdenes Tsagaan Suvraga company and Aurubis company from Germany, and strategic partnership agreement between Mongol Alt Corporation, Ferrostaal and Euro Khan LLC were signed respectively.
Current confirmed reserve of Tsagaan Suvarga mine field is estimated to be exploited for the period of 18 years over 3 phases. The project must need USD 1.031 billion worth of investment, of which USD 344.4 million has been already invested. The remaining USD 686.6 million is projected to be invested via International Bank of Germany and other financial organizations.
The state visit of Federal President of Federal Republic of Germany J.Gauck taking place during October 14 - 16 has been concluded. The visit played crucial role in strengthening bilateral ties, especially in intensifying cooperation in the fields of economy, defense, culture, education and science within the framework of the comprehensive partnership between Mongolia and Germany, mentioned officials. But, what did Mr J.Gauck bring to Mongolia?
During the visit, two sides signed agreements to expand the Mongolia-Germany partnership in the scientific field along with a Memorandum of Understanding to cooperate in the mineral resources and industrial sector, which was signed between private sector representatives of the two countries. In details, copper concentrate trading agreement between Erdenes Tsagaan Suvraga company and Aurubis company from Germany, and strategic partnership agreement between Mongol Alt Corporation, Ferrostaal and Euro Khan LLC were signed respectively.
Current confirmed reserve of Tsagaan Suvarga mine field is estimated to be exploited for the period of 18 years over 3 phases. The project must need USD 1.031 billion worth of investment, of which USD 344.4 million has been already invested. The remaining USD 686.6 million is projected to be invested via International Bank of Germany and other financial organizations.