A
high-power Mongolian team was in attendance as The Mongolia Investment
Summit-2010 in Hong Kong was inaugurated yesterday. Its members included
D.Zorigt, Minister of Mineral Resources and Energy; Ts.Bayarsaikhan, Chief of
the Standing Committee on the Economy; MP O.Chuluunbat; Z.Batkhishig, the
Deputy Chief of the Foreign Investment and Foreign Trade Agency (FIFTA); Jim Dwyer,
Executive Direrctor of the Business Council of Mongolia; senior officials of several
financial and mining companies, including Khan Bank, Golomt Bank, Mon Atom, Mo
En Ko and others.

Papers
were presented on how to make investment in Mongolia more attractive, and the
present situation of mining in Mongolia. The audience was about 200 strong, 160
of whom were from mining and infrastructure companies.

J.Jamul of The Rodman Renshaw Investment Bank, felt Hong Kong was the right
choice for a forum to attract investment in Mongolia. He felt some Chinese
companies are interested in buying mining assets in Mongolia, but Mongolian
companies like the Mongolian Mining Corporation have shown they have the
capacity to raise funds on their own.

FIFTA Deputy Chief Z.Batkhishig thought  the forum has been able to focus on specific
projects which is now expected to attract foreign investment.