Xinhai EPC Project Profile in Mongolia
Since founded in 1997, Xinhai has adhered to “Making It Better” as the goal, taken customer demand as the guide, and concentrate on providing "Turkey Solutions for Mineral Processing Plant ". The products are exported to over 20 countries and regions, and the customers are from all over the world. As the friendly neighbor of China, Mongolia has also become the senior partners and clients group of Xinhai more than twenty years with its excellent geographical location and rich mineral resources.
In recent years, due to the crash of commodity prices and the sharp decrease of foreign direct investment, the economy of Mongolia, with rich mineral resources, suffered a heavy blow. However, according to the Associated Press reports on February 20, 2017, International Monetary Fund (IMF) announced that IMF have come to an agreement on providing $5.5 billion package loan program to Mongolia with other partners, China also have joined to $5.5 billion relief program for Mongolia, People's Bank of China will renew 15 billion yuan ($2.2 billion) currency swap agreement with Bank of Mongolia, the valid for at least three years.
The relief program aims to helping Mongolian’s economy back on track, IMF stated, loan agreement means that Mongolia must strengthen the banking system and adopt fiscal reform, ensuring rules and regulations that related to budget implemented. Therefore, the future of Mongolian mining will be a recovery with good market anticipation.
TIPS: Exhibition Tips in Mongolia
The climate of Mongolia is relatively dry, the temperature difference between morning and evening is large in April. Please prepare long sleeve clothes, which can prevent ultraviolet radiation, besides, take a set of clothes.
Please prepare some personal common drugs for a rainy day.
Please properly keep personal valuables to avoid accidents.
The voltage of Mongolia is same with Chinese voltage (220 v, 50 hz), which can be used to mobile phone and other portable appliances. Most hotel still adopt Russian round hole plug, so you’d better take fork plug.
The exchange rate between RMB and Mongolian Tugrik . MNT is about 1：357 (the exchange rates in February 20, 2017, Mongolian currency is named as Mongolian Tugrik . MNT 1 dollar is equal to 2073 Mongolian Tugrik . MNT).
In the process of tourism, please pay attention to protect environment, respect the local customs, keep the friendly relations with neighboring nations.
Dining in Urban is mainly western food, and also have Chinese food, Mongolian food. Dining in traveling and vacationing village is mainly western-style Mongolian food.
Mongolia has colorful nightlife, please pay attention to safety, avoiding unnecessary trouble. Because alcohol is prohibited in Mongolia, bars and hotels don't sell alcohol after 12 PM.
International roaming fees is more expensive, please purchase 1676 International Calls Card, the call in the morning is only 0.2 RMB per minute.
Xinhai makes an appointment with you in Mongolia Mining 2017 and looks forward to your sincere cooperation!