Australia - Mongolia mining industry cooperation


Media release

18 March 2014

Mongolian Foreign Minister Luvsanvandan Bold and I today announce a five-year, $20 million program to assist the sustainable development of the resources sector in Mongolia.
Like Western Australia, Mongolia's economy is driven by mining and resources. The Australia-Mongolia Extractives Program will utilise Australian expertise in Mongolia to help ensure the benefits of the mining sector are spread across its entire population.
Whether in Australia or Mongolia, private-sector led growth is key to a growing economy.
Releasing Mongolia's fledgling mining industry from a failed mining tax has greatly benefited the economy. Australia is pledging to support the Mongolian Government with financial assistance and expertise that will improve governance in the mining sector, opening their economy up to international investment and development opportunities.
The program will also improve access to technical and vocational education and training in disadvantaged communities in Mongolia so they are better equipped to gain employment in the mining industry.
I welcome Foreign Minister Bold to Australia - the first by a Mongolian Foreign Minister to Australia in over twenty years. The visit will provide the opportunity to discuss our countries' expanding partnership and how Australian investment in major mining projects like Rio Tinto's Oyu Tolgoi can help boost the Mongolian economy.
During Foreign Minister Bold's visit Australia and Mongolia will sign a Memorandum of Understanding on Consular Cooperation.
The Australian Government's existing $5 million partnership with the World Bank is also presently helping to strengthen management of groundwater resources in the southern Gobi region.

Media enquiries

  • Foreign Minister's Office: (02) 6277 7500
  • DFAT Media Liaison: (02) 6261 1555
Source:Australian Ministry of Foreign Affairs
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic