The
National Development and Innovation Committee and GTZ, the German international
cooperation organization, recently organized a seminar at the Ministry of
Foreign Affairs to explore the possibilities of developing rare earths based
industries in Mongolia. The participants exchanged views and information on
cooperation with German industries, and with scientific and financial
organizations to produce final product and to export them. Presentations were
made on international rare earths demand and production, Mongolia’s rare earths
deposit reserves, current geological research status, and foreign investment in
the sector. Participants included representatives of Parliament, the Ministry
of Mineral Resources and Energy, the German Embassy, universities, the Science
Academy, FIFTA, and Mongolrostsvetmet LLC.