Representatives of two Mongolian organizations and a German group have signed a memorandum of cooperation dealing with Mongolia’s mining sector. The memorandum was signed September 2 by the head of the National Development and Renovation Committee (NDRC), Ch.Khashchuluun, the executive director of the Business Council of Mongolia (BCM), Jim Dwyer, and the director of instruction of the Mineral Resources Initiative of the German International Cooperation Society (IMPI), Stephan Hanselman.

The NDRC, MBC, and IMPI are promising to cooperate in supporting the development of Mongolia’s economy by improving mining companies. The memorandum aims to improve the profitability of mining companies, as well as the quantity and quality of their products.
The memorandum is also intended to improve the transparency of the companies’ activities and production standards, as well as improving cooperation between the Government and the private sector in mining.