Discover Mongolia 2009 Mining Conference Commences Despite Fear of H1N1 Flu

By Dan and Unuruu  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Discover Mongolia 2009, The 7th International Mining Investors Forum opening ceremony was  held today Thursday November 5, at the Children's Palace in Ulaanbaatar.

The Mongolian government has banned all public gatherings for two weeks in an effort to prevent the spread of the H1N1 flu.  Discover Mongolia Conference was granted special permission to open its doors due to the importance of the conference.    

This conference is the most significant of its kind in Mongolia.  It follows the Oyu Tolgoi agreement signed last month between the Mongolian government, Ivanhoe mines and Rio Tinto to develop what will become the largest copper and gold mine in the world.

The annual Discover Mongolia Conference, first held in 2002, aims to introduce the Mongolian mining sector to the world.  Domestic mining companies and mining license holders will come face to face with foreign investors and government officials.

The Investor forum on 6-7 November attracts international interest from Canada, France, Russia, China, South Korea, Japan and the United States. A significant Russian delegation is expecting to discuss at the forum previous uncompleted agreements and hopes to increase its hold in several mining projects.

New geological exploration results will be revealed for the first time during the conference. These new survey results will show that the size of "treasures" under the Mongolian surface is much larger than ever predicted before.

Discover Mongolia-2009 promises to be a success, following recent law and investment regulation amendments. These changes have made Mongolia an attractive location for mining investors, while retaining a significant share of profits for Mongolia.

The unprecedented new opportunities for Mongolian businesses are guaranteed by the new laws which ensure that the mining sector use Mongolian services and employees whenever possible.

The conference sponsors include some of the leading companies in the mining sector.

The Platinum Sponsors include the leading trio - Ivanhoe,  the  developer of the Oyu Tolgoi mine, it's main partner Rio Tinto a global mining company and the Mongolian Oyu Tolgoi company operating the mine.

The Gold Sponsors are - Monnis, originally known in Mongolia as the Nissan supplier.  In  the past years Monnis has extended its activities to include supply and maintenance of other machinery including Liebherr heavy mining equipment. Geosan is a Mongolian provider of ground and fixed wing airborne geophysical surveys. Geosan employes 40 professional geophysicists and surveyors. Erdene is listed on the Toronto Stock Exchange (TSX:ERD) and has several mining projects (coal and copper)  in Mongolia. Erdene President and CEO Peter Akerley will be giving a presentation at the Discover Mongolia Conference. Centerra is a Canadian company that holds 100% interest in the Mongolian Boroo gold mine in Mongolia. SouthGobi Energy Resources is the developer of the large Ovoot Tolgoi coal mine. Redpath is a global mining contractor. In the past years Redpath was involved  in sinking multiple shafts and provide primary mine development services at Oyu Tolgoi. In January, 2008, and at a depth of 1385 meters, the company completed the sinking of the deepest mine shaft ever sunk in Mongolia.

Event sponsors are - GOLOMT bank one of the leading Mongolian banks. MobiCom a large mobile supplier in Mongolia. Runge provides software for the mining industry. Mongolian Star Melchers is a major importer of consumer goods.

partners of the event are - Business Council of Mongolia represents the views of investors in Mongolia's economy. Mining.mn a Mongolian mining portal, publishes the latest mining news. Mongolian Mining Journal covers Mongolian mining issues. Asia Miner a magazine covering mining in Asia.

Khan Bank is the bank of the event, and Kempinski hotel Is the hotel of the event, one of the best in Ulaanbaatar.

Source: ToGobi

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