State-owned Erdenes Mongol signed a memorandum of understanding on cooperation with General Electric (GE) Mining to form a strategic partnership in mining, energy and infrastructure projects in Mongolia, on June 22.
Through the memorandum, GE Mining will work with Erdenes Mongol to explore the possibilities of applying suitable mining equipment in various mining projects, including the Oyu Tolgoi underground mine expansion project, and jointly explore the possibility to improve the capacity and efficiency of Erdenes Mongol’s mine sites with GE’s digital mine solutions.
At the memorandum signing ceremony, CEO of Erdenes Mongol B.Byambasaikhan said, “With the combination of GE’s domain expertise in global mining industry and Erdenes Mongol’s strong presence in the country, our partnership will be strategically valuable for the sustainable growth in Mongolia. We are pleased to launch the strategic cooperation with General Electric, global leader in infrastructure technology and financial services.”
Mohamed Butt, GE Transportation Asia Pacific CEO commented, “We are pleased to play a role in developing Mongolia’s resources and infrastructure by providing technology and capabilities to our customers, who are committed to maximizing the potential of natural resources to improve the living standards of the Mongolian people.”
Erdenes Mongol believes that the memorandum will be vital in improving and increasing the values of Mongolia’s natural resources. The parties also agreed to extend its cooperation in power generation, coal bed methane projects, coal and wind projects, coal gasification projects, railways, water infrastructure projects, and executive training and development.