Mining The Resources
Minding the future
Эрдсийг эрдэнэст
Ирээдүйг өндөр хөгжилд
There are two ways to get people to act on their own. The first is to encourage or promise them a reward for taking a certain step. The second is to control or punish them based on fear. Crypto-coin investors are affected in both ways. First, there is the naive expectation that the coins they buy will grow and generate huge profits. Some may have even planned an expensive vacation to the tropics. Second, is the fear of being left empty-handed when everyone says you can buy and sell coins and make lots of dollars.
Interviewed by J. Saruul E. Bolormaa, Governor of Khovd aimag, discussed local development issues, challenges, solutions, and planned activities.
Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene gave a detailed interview to the Mongolian National Broadcaster (MNB) last night on 19th February about policies implemented and activities planned during his two-year tenure as head of the cabinet. 
Committee set up to help MONVAL Code secure international approval Given that revenue from mining is the mainstay of the Mongolian economy, it is important to create conditions that would help bring more investment in our exploration and extraction sectors, so that in time we have more mineral resources to export. One way to do this is to follow methods and processes consistent with the global best practice when putting a value on mineral deposits and mining operations. Investment in both exploration and extraction will come only when potential investors can be sure that the object of their interest has been reliably valuated, using internationally accepted methods and codes. Apart from bringing foreign investors into Mongolia, this would also help domestic companies place their assets in stock markets, both international and local.
Working on the road map to recovery The recently held Discover Mongolia International Mining Investors’ Forum was the 18th in an annual series, and the first since Mongolia had a new Parliament and Government, both committed to enabling and ensuring the return of foreign investment to the country. Despite the fact that the forum was this time held in the backdrop of the global economy – as also the individual economy of each and every country – struggling under the Covid-19 pandemic, participants and speakers kept their focus on the declared motto, “Mining: The Road to Recovery”. Taking a broad view, they discussed the likely policy of the newly elected Mongolian ruling set-up  on the economy and mining, possible countermeasures for the economic recession, the need for a policy shift to revive the exploration sector, the planned amendment to the
E. Bolormaa: our goal is to become an economically independent aimag Interviewed by J. Saruul E. Bolormaa, Governor of Khovd aimag, discussed local development issues, challenges, solutions, and planned activities.
ONE HUNDRED YEARS FILLED WITH PRIDE Mongolia’s mining industry is celebrating its centenary. 25 December each year is a day for celebration for the mining industry and miners. Following the victory of the People’s Revolution and the establishment of a new government, the country’s leaders, declared that underground resources were “the property of all the people”.