Recent news
“Only consistency can bring back trust, but it takes time”
Australia-listed Aspire Mining Ltd, the largest coal tenement holder in the Orkhon-Selenge Coal Basin in northern Mongolia, is also the sole owner of its flagship Ovoot project, the second largest coking coal deposit by reserves in Mongolia. MMJ talks to David Paull, Managing Director of the company, on various issues in the Mongolian mining sector.
“Mongolia Mining 2017” expo to highlight coal industry
Mongolia Mining 2017, one of the biggest and most significant events in Mongolian mining industry is to be held on 5-7 April at Buyant Ukhaa Sports Palace, Ulaanbaatar city. We interviewed with T.Battulga, CEO of Minex Mongolia, the general organizer of the expo.
New mining law to have longer regulatory reach
The Ministry of Mining and Heavy Industry has completed work on the draft of a brand new mining law which will soon be offered for public discussion. This does not seek to replace or supersede the current mining law but would be a separate and independent law containing regulatory provisions.
Coal export earned almost $1 billion
The full-year report for 2016 recently released by the National Statistics Office says the foreign trade turnover was $8.275 billion, 2.3% less than in 2015. Exports rose 5.3% year-on-year to reach $4.917 billion but imports fell 11.6% to $3.358 billion. The trade surplus of $1.559 billion was 1.8% higher than in the previous year.
About CRIRSCO - Committee for Mineral Reserves International Reporting Standarts
CRIRSCO, which was formed in 1994 under the auspices of the Council of Mining and Metallurgical Institutes (CMMI), is a grouping of representatives of organisations that are responsible for developing mineral reporting codes and guidelines in Australasia (JORC), Brazil (CBRR), Canada (CIM), Chile (National Committee), Europe (PERC), Kazakhstan (KAZRCA), Mongolia (MPIGM), Russia (NAEN), South Africa (SAMREC) and the USA (SME).
