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Mongolia works to restore mining allure

The newly ratified Canada-Mongolia Foreign Investment Promotion and Protection Agreement (FIPA) is the latest in a series of fast steps by the recently elected Erdenebayar government toward improving Mongolia’s foreign investment appeal and giving it a better chance of participating in the next global mining investment surge, the country’s mining minister told Mining Journal in Toronto.

Mine Risk Management > Events-coverage

Mongolia works to restore mining allure

The newly ratified Canada-Mongolia Foreign Investment Promotion and Protection Agreement (FIPA) is the latest in a series of fast steps by the recently elected Erdenebayar government toward improving Mongolia’s foreign investment appeal and giving it a better chance of participating in the next global mining investment surge, the country’s mining minister told Mining Journal in Toronto.

Mongolia works to restore mining allure

Mongolia mining minister Dashdorj Tsedev (left) and Canada’s international trade minister Francois-Philippe Champagne

Former oil industry engineer Dashdorj Tsedev, mining and heavy industry minister in PM Jargaltulga Erdenebayar's Mongolian People's Party (MPP) government, said the country was determined to learn from past policy implementation mistakes that magnified the impact of the mining downturn on the small country's economy, and to build a better framework for stable, predictable investment activity.