SPEAKER ADDRESSES OPENING OF PLANT OF MOLYBDENUM CONCENTRATE

Ulaanbaatar /MONTSAME/ While in Orkhon province with a working tour, the Speaker of parliament Z.Enkhbold last Friday participated in an opening of a molybdenum concentration plant at the “Shim-technology” LLC. Co-founded by the “Erdenet Mining” Corporation and foreign investors, the plant has reopened with an investment from the Russian “Uralgipromez” company since it was closed in 2009 due to financial crisis, the Speaker noted and expressed a satisfaction with the reopening "which has coincided with times of the working visit of the Russian President Putin to Mongolia". The plant will provide some 250 people with jobs, it will process 3,600 tons of molybdenum a year, it has become a vital step to implement the state policy on industrialization, manufacturing value-added products and reducing unemployment, he said. He also hopes that both Mongolian and Russian engineers, technical experts and workers will make all their efforts to operate the plant. During this ceremony, the Ambassador Extraordinary and Plenipotentiary of Russia to Mongolia Mr I.K.Azizov highlighted that the plant’s reopening "is an expression of the Mongolia-Russia cooperation", and thanked the top legislator for addressing the ceremony.