3,380.90
The 8th International Mining Investors Forum- Discover
Mongolia 2010 was opened with a message from President Ts.Elbegdorj on
September 8. It featured keynote speeches by Bernard Guarnera, President of Behre Dolbear, a globally recognized mineral
industry advisory firm, who said Mongolia ranks 7th in the list of
safest countries to invest in after Australia, Canada, Chile, US, Mexico and
Brazil, and by Tim Goldsmith, Partner and Global Mining Leader of PricewaterhouseCoopers
(PwC).
Apart from speeches and panel discussions, there was an
exhibition of activities of companies, and two interactive sessions, Parliament
Hour and Government Hour where participants could ask questions to MPs and
Government leaders directly. Some 700 delegates from 12 countries were present.
Guarnera expressed concern about corruption in Mongolia. Investors’ perception
about legal instability in Mongolia could take time to change as nobody wanted
a repeat of how the windfall profit tax was imposed, he said. Now 1,400
licenses could be cancelled by the law on prohibition of mining activity on the
source of river and forest vicinity.
MPs S.Oyun, O.Chuluunbat, E.Bat-Uul, Ch.Saikhanbileg, Ch.Khurelbaatar,
J.Enkhbayar, Kh.Badamsuren, Kh.Narankhuu and Ts.Davaasuren were present at
Parliament Hour. The Government Hour featured representatives of the Ministry of Mineral Resources and Energy, the
Mineral Board and The State Property Committee.
exhibition of activities of companies, and two interactive sessions, Parliament
Hour and Government Hour where participants could ask questions to MPs and
Government leaders directly. Some 700 delegates from 12 countries were present.
Guarnera expressed concern about corruption in Mongolia. Investors’ perception
about legal instability in Mongolia could take time to change as nobody wanted
a repeat of how the windfall profit tax was imposed, he said. Now 1,400
licenses could be cancelled by the law on prohibition of mining activity on the
source of river and forest vicinity.
MPs S.Oyun, O.Chuluunbat, E.Bat-Uul, Ch.Saikhanbileg, Ch.Khurelbaatar,
J.Enkhbayar, Kh.Badamsuren, Kh.Narankhuu and Ts.Davaasuren were present at
Parliament Hour. The Government Hour featured representatives of the Ministry of Mineral Resources and Energy, the
Mineral Board and The State Property Committee.
