“Mongolia Gold 2017” forum will take place

Ulaanbaatar /MONTSAME/ Investment forum on gold industry “Mongolia Gold 2017” will take place on March 17. The forum will discuss a myriad of issues on the investment of the gold mining industry and introduce gold industry projects to investors with aims to seek financing, create a partnership in gold mining and extraction projects and broaden current business cooperation, bring advanced technologies, share experiences and bring the gold industry research into a new level. 

In the next decade, it is anticipated that an amount of gold exports will be fluctuating between 15.8-40.0 tons and export revenue of gold sector will reach USD 1177.9 million in 2020 and USD 1564.7 million in 2025. The revenue is expected to show an increase of 26.7 percent in 2020 and 68.4 percent in 2025 compared with the year of 2015.

Organizers underlined that a great amount investment is needed to exploit gold mines within the scheduled time. Thus, Mongolia needs to utilize financing sources, such as loan, bonds and others and attract domestic and foreign investments to those large-scale gold projects.

Growing investment in extractive and exploration of the gold industry and sustainable growth of gold reserve as a result of stable legal environment regarding the gold mining, production and sales are expected to raise the gold output by 20.0-47.7 tons to eventually reach 353.2 tons a year.