Mongolian Geology and Exploration 2015 conference was carried out today at the Trade Union Palace.

The opening speech was given by Mining Minister R.Jigjid.  He highlighted the work carried out over the last two years by the Mining Ministry in order to steadily develop the mining sector for the long term and to provide economic growth. He also spoke about the activities carried out for the sophistication of the mining sector:    

• State policy to be adhered to in the mining sector
• Mining Law
• A new version of the Law on Petroleum 
• New amendments to the Mining Law
• Amendments to the Nuclear Energy Law

To continually increase mineral resource funds and to develop the geological and exploration sector and policy to be adhered at the state level, Parliament has approved the spending of 11.3 billion MNT for geological research from state funds.

This amount has been increased by 1.3 billion MNT in comparison with funding for 2014.