Source: Allworld Exhibitions

Allworld Exhibitions will host “Mining Mongolia 2012” and “Building & Construction Mongolia 2012” in Ulaanbaatar from 5 to 7 September 2012.

Market forecasters rank Mongolia's mining industry potential as similar to or greater than Australia's mining sector today. Opportunities are available to supply resources for mine development and infrastructure projects needed to access the mines. “Mining Mongolia 2012” will be an opportunity for international suppliers to participate at the early stages of development for the mining industry. The show will be co-located with “Building & Construction Mongolia 2012” to complement it.

“There are a number of mining finance conferences and small local supplier exhibitions in Ulaanbaatar, however 'Mining Mongolia 2012' and 'Building & Construction Mongolia 2012' will be the first international standard exhibitions to bring technology and new equipment suppliers to Mongolia on a scale never witnessed before,” said Brendan Jennings, director of new markets for Allworld Exhibitions.

Allworld presents these in light of the economic growth of Mongolia. With a land mass of 1.6 square kilometers and under 25 percent of the country geologically surveyed, there are already 6,000 identified mineral deposits covering 69 elements of the total 111 elements of the periodic table. Mining makes up 22.5 percent of GDP and the IMF now estimates total growth domestic product (GDP) to accelerate 20 fold by 2019. Currently 15 strategically important deposits of world class resources have been identified, including the Oyu Tolgoi, Tavan Tolgoi, Tumertei, and Tsagaan Suvarga projects. Mongolia is also rich in gold and iron ore, in addition to significant deposits of uranium and rare earth.

Land locked between the rapidly expanding economies of Russia and China, Mongolia has easy access to markets for their minerals and at relatively low transport cost to the north and south. Developing infrastructure is the greatest challenge to Mongolia. It will need electric plants, airports, roads, and railways to fully exploit its resources.