The new schedule with flights on Thursday and Sunday will be effective from June 2. The direct flights have been in talks for at least a year says the executives of MIAT. “Emerging development in the mining sector creates a huge interest of foreign investment and mining associated trade in Mongolia,” a MIAT representative said.
Hong Kong Exchanges and Clearing Ltd. have made a big push to lure resource firms onto the HKE recently, with executives touring resource-rich destinations, including Mongolia. With companies such as Mongolian Mining Corp. and SouthGobi Resources now listed in Hong Kong, resource-sector bankers from the city have been making regular trips north to Ulaanbaatar. And starting June 2, they will be able to do that without having to change planes in Seoul or Beijing.