MONGOLIA AGREES WITH KAZAKHSTAN TO ESTABLISH GOLD REFINING PLANT

Ulaanbaatar /MONTSAME/ A resolution of the 7th meeting of the Mongolia-Kazakhstan Intergovernmental Commission has reflected the issue of establishing gold refining plant in Mongolia. Minister of Mining and Heavy Industry D.Sumiyabazar who is attending the Intergovernmental commission meeting reported about it. "Kazakhstan’s example on gold refining plant and other related information will be presented to the Cabinet meeting and decisions on investment, funding and location of the gold refining plant will be resolved. Moreover the Bank of Mongolia will resolve issues related to getting rights to sell the refined gold on global market. The two parties of the commission agreed that corresponding entities of Kazakhstan get permissions in August, 2018 and to run operations according to international standards, " said Minister D.Sumiyabazar . He also noted that Kazakhstan has introduced high technology of gold refining and reserves all its gold in the central bank and Mongolia shoud introduce this practice. Minister D.Sumiyabazar met Vice Minister of Investment and Development of Kazakhstan Arystan Kabikenov on March 30. At the meeting they established a memorandum of cooperation in fields of geology, mining and civil aviation. In the frame of the memorandum, the sides will collaborate in exchanging information, good practices and technology in mining sector and in training specialists. B.Batchimeg