Discover Mongolia, international mining investors’ forum, will start on Wednesday at the Mongolian Children’s Palace. D. Turbat, one of the initiators of this forum was interviewed.
Q: What was the mineral sector of Mongolia like when you held the first forum?
D.Turbat: Back then the prices of mineral products were plunged and many mining sector workers were laid off; those were hard times. Organizing mining forums and attracting foreign investment to this sector was hard to perceive.
Q: How would you describe the development of mining sector back then?
D. Turbat:In 2003 our country was just making its first steps toward opening up to foreign investment. OT and TT were just explored and Ivanhoe Mines was the main target of media.
Q: How many people are expected to attend the forum this year?
D.Turbat: Approximately 700 -800 people attended the meeting previously. In terms of this year we reckon that the number of attendees will hike up to 1000.
Q: What are the hot topics in mining sector?
D.Turbat: The TT is under the spotlight of both investors and media. Many issues concerned with its legal environment, government’s involvement etc are arising.
Q: What would you say to those in authority?
D.Turbat: The forum will be covered by such world class news agencies as Reuters, Bloomberg and BBC. This is a proof that Mongolian mining sector attracts world attention. Thus I would like our politiciveans to attach much significance to this event.