Spending on geological exploration in Mongolia doubles - News.MN

Spending on geological exploration in Mongolia doubles

Thursday

2019/05/23

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Spending on geological exploration in Mongolia doubles

The 11th annual Mongolian Geology and Exploration Roundup and Expo 2019 opened at the Corporate Convention Centre earlier today (28 March). The two-day event is being organised by the Mining Resources and Petroleum Authority (MRPAM), the Ministry of Mining and Heavy Industries, the Specialised Inspection Agency, the Mongolian Geologists’ Association as well as technical universities.

This is the largest annual event in the country’s geology and mining sector is being attended by over 1000 people including foreign investors.

D.Sumiyabazar, Minister of Mining and Heavy Industries noted that the Mongolian Government has approved a total of MNT 24.6 billion for geological exploration in 2019; this represents an increase of MNT 11.3 billion.

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