Mining Minister attends World Economic Forum

On January 24, Mining and Heavy Industry Minister D.Sumiyabazar attended the World Economic Forum’s session on policy meeting of leaders of mining and metallurgy sector, at which he briefed about Mongolia’s state policy on mining sector and actions planned.

During his attendance, D.Sumiyabazar met with Deputy Prime Minister of Russia Arkady Dvorkovich, exchanging views on fuel supply and geology sector’s cooperation. Minister D.Sumiyabazar put proposals regarding reliable and constant fuel supply and reducing fuel price. In response, Arkady Dvorkovich told that Russian side is ready to render support on the matter. The Mining Minister agreed to hold a meeting with authorities of ‘Rosneft’, Russian Oil Company, on January 29 in Ulaanbaatar.

The same day, Minister D.Sumiyabazar met with Turkish Deputy Prime Minister Mehmet Simsek and discussed about bilateral cooperation and mining sector’s outlook. The meeting was followed by another meeting with authorities of ‘Lazard Freres’ financial advisory and asset management firm of France.The firm seeks cooperation with Mongolia for conducting structural changes of state-owned companies operating in mining sector and raising money from international financial market.


January 30, 2018
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