The Gold-2 national program has set a goal to increase gold production by 2-3 tons per year and 25 tons by 2020. Bayartsaikhan Nadmid, the Governor of the BoM, informed, “The rising external uncertainty is posing a risk for Mongolia as the country is heavily dependent on global market. We need to strengthen our immunity. It is important to constantly grow foreign exchange reserves in doing so. FX reserve can help protect us from debt repayments, reduce its impact and maintain the national currency rate. It is also important for financial independence. For instance, countries with high reserves of foreign exchange suffered less during the global crisis in 2008-2009.” After highlighting the sluggish explorations, depleting placer deposits and illegal artisanal miners as pressing issues in gold industry, the Mining Minister announced to commence exploration for major deposits soon. He then pointed out that there was a policy error in the rehabilitation of placer gold deposits and announced to take immediate actions. Minister of Environment and Tourism Tserenbat Namsrai remarked, “We demanded mining companies to fulfill their duties obliged by the law before the beginning of this year’s business cycle. We have drafted the bill on mining rehabilitation and its concepts, as well as the Rules of Procedure.”