At the meeting attended by the State Secretary of the Ministry of Industry and Mineral Resources of Mongolia Dashpurev Buriad and the Director of the Korean-Mongolian Division of the U.S. Department of State Michael Flores, aspects of implementing bilateral agreements on cooperation in mineral resource management and labor relations were discussed. This was reported by MiddleAsianNews.
During the first part of the meeting, the participants analyzed the implementation of previously signed Memorandums of Understanding regarding cooperation in mineral resource management and labor interaction. Dashpurev Buriad expressed a desire to create a joint working group to develop a specific action plan for implementing these agreements.
The parties also agreed to deepen mutual cooperation in the areas of legal reforms, attracting investments, technologies in geological exploration, local governance, and social approval, as well as enhancing capacity in managing the mining sector and safety standards.
Representatives of the United States confirmed their readiness to continue providing technical and advisory support to Mongolia in the process of adapting its mining legislation to international standards.
The parties agreed on further cooperation in the following key areas:
In particular:
Legal reform: Request technical support from the U.S. Commercial Law Development Program (CLDP) to eliminate duplicative and excessive regulations in the legislation on minerals, oil, and nuclear energy implemented by the Government of Mongolia;
Investments and technologies: Attract American investments for the application of modern methods and technologies in geology, exploration, mineral resource assessment, and the development of high-quality industries;
Local relations and governance: Utilize U.S. experience and technical resources to enhance public recognition of the sector through promoting mining policy at the local level and informing citizens;
Capacity development: Continue training and practical programs for mining specialists on advanced methods, labor protection standards, and safety techniques.
At the conclusion of the meeting, the parties agreed on closer cooperation in assessing compliance with legislation in the mineral sector and improving the legal environment in accordance with international standards, which will make cooperation more productive and create a mechanism for regular dialogue.
