The Finnish company Outotec will
conduct a feasibility study for a copper smelter in Sainshand, according to an
agreement with the National Development Corporation (NDC), signed during the
visit of the President Ts.Elbegdorj to Finland. NDC is a consortium of large
Mongolian private sector companies seeking to contribute to the industrial
development of the country.

“We were chosen as the
technology partner for developing the Mongolian mining and metallurgical
industry because of our leading technological capabilities and our strong
reputation in delivering complete solutions to our customers”, says
Outotec´s CEO Pertti Korhonen.