The mining billionaire Robert Friedland, who first discovered Oyu tolgoi deposit, brought it to the global market, and brought Rio Tinto to Mongolia, gave a speech on the first day of "7 Days of Mining". What did he say?

The world is turning fast

Time passes quickly. It's been 58 years since the Japanese bullet train, right? As the world develops and the world warms, the backwardness of the global energy system is felt strongly. We humans have mined 700 million tons of copper so far. And, in the next 22 years, we need to mine the same amount of copper. In addition, by 2035, the demand for copper will increase by 82%. To meet this huge demand, the world needs 20 mines like Oyu tolgoi.

Gobi has a lot to offer

It is crazy that there is no exploration in Gobi at a time when copper is in Mongolia and copper is used worldwide. Mongolians have discovered only one-thousandth of their mineral wealth. The Gobi should be explored extensively and seriously. If you start exploration now, you will open the field in 5-10 years, and your children, grandchildren, and great-grandchildren will benefit from it in 20 years. Yes, it takes a lot of time and money to build a mine and get the benefits from it. That is why foreign investment is so important.

Love your next foreign investor!

While discussing how to manage foreign investment in Mongolia for 10 years, we got frustrated and built a copper mine in Africa. Oyu tolgoi was about to go 10 years faster. This is a lost 10 years for Mongolia. Now, a new competitor for copper has emerged in Africa, Mongolians.

So, be friendly to your foreign investors by creating a stable environment. Then, they will make Mongolia as rich as the next Kuwait. The technology and skills imported by companies like Rio Tinto are priceless.