XacBank is a Gold Sponsor of Coal Mongolia
“Coal Mongolia”, the coal sector investor’s forum has been held for the fourth year. This forum is intended to attract investment into coal exploration, mining and processing projects in Mongolia, while also introducing environmentally friendly advanced technology and increased competitiveness of the coal sector in Mongolia by developing mutually beneficial international cooperation. This year’s Forum attracted over 1000 investors from 8 countries, more than twice the level of participation attracted last year.
The Forum has been supported by the large national mining companies, however, this year XacBank, the leader in the banking and finance sectors, is giving much greater importance to the event by becoming a Gold Sponsor. This is the third year that the bank has supported the Coal Mongolia international conference.
XacBank works closely with the mining sector, the driving force of the Mongolian economy, and as a clear example, the bank has been working with the mining sector for the last 3 years. The “Mining Business Development Center” has specifically been established to promote these efforts. This center has an objective to provide the comprehensive package of financial services to the companies and suppliers to the mining sector through its professional staff. Last year, research and analysis was conducted on projects and programs requiring about MNT 200 billion and financing of about MNT 100 billion has been resolved for those projects and programs.
