Okada Reiterates Interest in Mongolian Resources

Monday, August 30, 2010

Mongolia Mining

Tokyo -- Following his visit to Beijing, Japanese Foreign Minister Katsuya Okada flew to Ulan Bator to meet his counterpart Gombojav Zandanshatar as well as Mongolian President Tsakhiagiin Elbegdorj.

This was the first visit of a Japanese foreign minister to Mongolia in six years.

At the meeting with Mr. Zandanshatar, Okada reiterated Japan's strong interest in participating in the exploitation of Mongolia's coal, copper, and uranium resources.

Mongolia, in turn, is expected to work to establish a better investment environment for Japanese companies.

Several Japanese companies are already involved in the mining sector, but both parties appear to desire Japan's deeper involvement.

Okada had delivered very much the same message last month when he met Zandanshatar in Hanoi. These issues were also discussed when Mongolian Minister or Mineral Resources and Energy Dashdorj Zorigt visited Tokyo at the beginning of this month.

Despite the flurry of high-level visits between Japan and Mongolia in the past month or two, a Japanese government official told PanOrient News that it does not signify any major new development, but is rather part of the "normal" friendly discourse between the two nations.

Diplomatic relations between Tokyo and Ulan Bator were first established in February 1972, but the economic connection began to prosper only in the post-Cold War era.

PanOrient News

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