Invest Mongolia 2016 will be held from 5^th to 6^th September in Ulaanbaatar. It is biggest investors’ forum in the land-locked Asian country, which has vast mineral resources, including coal, copper and gold.

This year, the forum is expected to attract more participants than usual, with many foreign investors and businesses interested. Therefore, the Mongolian People's Party has introduced investor, miner-friendly policies.

The forum will focus on assessments of the government’s action plan for the next four years. The forum’s participants will hear presentations about how to gain investor trust and will also prepare recommendation that will be delivered to the Cabinet.

The forum will include an overview of the Mongolian economy, including updates on legal, accounting, and other regulatory changes; the launch of Asian Infrastructure and Investment Bank and its involvement in developing infrastructure in Mongolia; and the importance of the Asia-Europe Meeting Summit to Mongolia and other countries.

The organizers are highlighting issues concerning the progress of the Oyu Tolgoi underground mine and other major projects, as well as their impact on the economy; Mongolia’s banking industry and its strategies; the development of non-mining sectors, including real estate; the outlook on the bond market; and challenges for refinancing ahead of 2017 will be discussed at the forum.

Rio is the majority shareholder in Turquoise Hill Resources (TRQ), a Canadian miner that has a 66 percent controlling interest in Mongolia's Oyu Tolgoi (OT) mine, which has one of the world's largest copper reserves. Following a two-year dispute with the Australian company, Mongolia's outgoing Prime Minister Ch. Saikhanbileg finally allowed Rio to restart work on OT last May. The miner recently announced it would invest about $5 billion in OT over the next four years. Optimism is also high for progress on the Tavan Tolgoi (TT) mine, one of the world's biggest untapped coking and thermal coal deposits, which also experienced difficulties under the previous administration.