The forum’s day 3 was all about the coal and oil sector.In the opening speech of Mongolian parliament speaker Zandanshatar. G said that, within the framework of the New Revival policy, mining income will be increased by 3-4 times in the future.Also, last June, the Law on Mining Products Exchange came into force, within 4 months $885 million worth of products and 7 million tons of coal were traded. Currently, coal and iron concentrates are traded on the exchange, yet in the future, fluoride and copper concentrates will be traded as well.

Coal: Coal export is the main component of Mongolia's state budget. Coal export is expected to exceed 50 million tons this year. Next year, Mongolia has set a goal of exporting 60 million tons of coal.

• Michel Manuk, Director General of the World Coal Association, said coal is a promising industry for the next 10 years and beyond. In general, it is clear that the demand for coking coal will be high because metallurgical and steel production is expected to expand globally. Also, It is possible for Mongolia to increase its position in the global coal market.

Oil: The Mongolian government is building an oil refinery, which is expected to be operational by 2025. However, in the first 7 months of this year, $1.1 billion was spent on imported oil, highlighting the country's continued reliance on foreign fuel

• During the forum, the possibility of intensifying oil exploration was discussed as a potential way to reduce Mongolia's dependence on imports.