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Economy / Featured News / Mining / Mongolia News / August 28, 2014

China grants aid of 1.3 billion RMB to the Mongolian mining sector

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“Transparent Mining” regular press conference is organized by the Ministry of Mining.

During the press conference, officials provided detailed information on the agreements signed during the Chinese Chairman Xi Jinping.

“Within the framework of the joint statement on development of the profound strategic partnership relations between Mongolia and China, over 20 documents were signed and railway transit transport agreement, medium term program of development of the trade and economy cooperation between two countries were the most important documents” stated by the Ministry officials.

During the visit, grant aid of 1.3 billion RMB to the development of the mining sector and 1 billion US$ soft loan or purchase agreement was signed.


SOURCE: Business Mongolia

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