At this time when gold export of Mongolia is increasing year by year, Golomt Bank is paying special attention to the gold sector and supplied a total of 4.3 tons of gold to the Bank of Mongolia in 2023. It is making up 24% of the gold market alone. We have been providing products and services that will support the development of the gold and mining industry and we have been regularly organizing networking events and participating in nationwide mega projects and programs directed to this industry.
In this context, Golomt Bank has been holding the “Gold Forum” event for businesses in the gold industry since 2018 and more than 880 representatives were invited in this forum. The “Gold Forum” was successfully organized this year and more than 360 TOP gold miners, mining machinery and equipment manufacturers and suppliers of Mongolia were invited to discuss the changes and future prospects of the gold market.
Highlights of the “Gold Forum-2024”:
Experts evaluated the gold market for 2023.
The Forum speeches were delivered by Golomt Bank’s experts and economists, Mr.Gan-Erdene Sanjkhuyag, CEO of Golomt Capital LLC and Mr.Batpurev Tsend-Ayush, CEO of Khan Altai Resource LLC which emphasized about research and information such as current situation of the world economy, the participation of commercial banks in the mining industry, trends in oil-field etc.
Furthermore, a panel discussion was held on the topic of “Investment and financing opportunities of the main deposit” and Mr.Gan-Erdene Sanjkhuyag, Mr.Batpurev Tsend-Ayush, CEO of Khan Altai Resource LLC, Mr.Bilguun Аnkhbayar, CEO of Erdene Mongol LLC, Mr.Ganzorig, Managing Director of Mandal Asset Management, Mr. Mendbayar, Head of the Mining Policy Department of the Ministry of Mining and Heavy Industry participated as panelists.
Suppliers introduced their products.
Well-powered machinery and equipment are the most important resources for businesses in the mining and gold industry. Thus, 10 supplier companies introduced their heavy-duty machinery and equipment products. The open booth section provided the opportunities to the participants get acquainted with the equipment and new technological businesses and make purchases from each other and start their effective cooperation.
Joined the fundraising campaign for the better future.
Golomt Bank traditionally organizes an auction during the “Gold Forum” and the proceeds from the auction are donated to charity campaigns for children. This year, Golomt Bank auctioned 1oz .999 pure gold medallions. The proceeds will be donated to “Mongol Ger-Based Child Development Play Center” project from OneSky NGO, which aims to develop children through games and create playgrounds, especially in the ger district area and to “Heart Never Forgets” project which aims to diagnose and operate on children with congenital heart defects and save little hearts.
We believe that the “Gold Forum-2024” has provided necessary information about new solutions and opportunities of the further development of gold and mining industry to the guests.
Please scroll and see the photos of the “Gold Forum-2024” event.
Golomt Bank will support the industries that are engines of economic growth.