Steve Potter: We remain committed to Mongolia and mining industry

Ulaanbaatar /MONTSAME/ “I would probably describe the current situation as cautious optimism”, remarked Steve Potter, Executive Director of Wagner Asia Equipment LLC, the official distributor of Caterpillar Inc in Mongolia during the opening ceremony of Mongolia Mining 2017 international mining expo on April 5. He was talking about Mongolia' mining sector on which the company’s business is mostly dependent on. Wagner Asia Equipment LLC has been in Mongolia for the last 21 years. “It’s been a bumpy road”, he said. “But we remain committed to this country and the industry, and we think that exhibitions and conferences like Mongolia Mining help Mongolia promote its mining industry to the wider world”, he added. Wagner Asia Equipment LLC, the Dealer of Caterpillar Inc in Mongolia is the largest heavy equipment supplier in the country, providing products and supporting services to the mining, construction and infrastructure and energy sectors. “We’ve been a supporter of the Mongolia Mining exposition pretty much since the start”, the Executive Director said. Mr. Potter has personally been part of the expo for the last 6 years. “Mongolia Mining has already established its status as a major international mining event in the last few years”, he conveyed. He then proceeded to assess Mongolia’s mining sector saying, “Although Mongolian mining industry has gone through some challenges in recent years, the fact remains that Mongolia is already a major mining country, and has the potential to become a lot bigger as it has lots of commodities that others need. It’s located closely to China which is a major market and in the Asian region which is probably the fastest growing region in the world. So in the longer term, Mongolia is going to benefit from its rich commodities and geographic location”. Full version of the interview can be read on the Mongol Messenger's 14th issue.