Recent news
Survival, and beyond
Producers and sellers find today’s mineral commodity market dismal, with prices falling all the time. This started back in 2012, and no respite seems in sight. Some studies and analysts predict a recovery in mid-2016, but not many companies share their optimism and most are looking for a viable survival strategy.
Time to think beyond copper concentrate
Ever since the Erdenet factory was established in 1978,copper has been the main pillar of the Mongolian economy. True, coal export revenue was more than that of copper from 2010 to 2013, but copper soon regained its pre-eminence, as data from 2014 and 2015 show.
Erdenet to buy more from domestic producers
The Ministry of Industry, which has announced 2016 will be the year of support for the domestic industrial sector, hosted, together with the President’s Office, a meeting on January 15 at Tuushin Hotel with producers, during which it signed a memorandum of cooperation with Erdenet Mining Corp.
Local journalists hear things from the horse’s mouth
As part of the ‘Local News Network’ project implemented by The Mongolian Mining Journal in cooperation with GIZ IMRI, a wrap-up meeting was held in Ulaanbaatar on 10 November, where 52 journalists from different local areas participated
MAK raring to go, waits for money
Several agreements relating to the Mongolyn Alt LLC (or MAK, as it is popularly known) were signed in October, bringing hope and cheer to the mining sector.
This parliament has lost our trust
This year has been the most remarkable year so far in the history of the Mongolian democratic state. It is a year of proud anniversaries -- the 25th anniversary of the first election to a truly democratic Parliament, and also of the beginning of a parliamentary system that has continued without interruption –
“Mongolia’s base for development is still very robust”
Matthieu Le Blan, Head of the EBRD Residence Office in Ulaanbaatar, tells N.Ariuntuya of MMJ why “Mongolia remains very much a land of opportunity”, how the EBRD Board rates the utilisation of the investments made by the bank in Mongolia and what its future strategy and role in the country would be.
“A soum is where mining has the most impact”
N. Dorjdari, Coordinator of the National Resources Governance Institute of Mongolia, answers MMJ’s questions on the draft model agreement between local communities and mining companies.
Local communities explain stand on exploration licences
Mining sector people are watching with concern how exploration licences issued by the MRAM are being rejected by the local communities which, by law, have the final say. Until some time ago, about 70 per cent of such allocated licences have failed to get the nod from local communities.
“I do not see copper prices rising before 2018”
Dr D.Galsandorj, certified consulting engineer, tells MMJ about the sorry state of the global copper market now and expresses his apprehension that the outlook will not be any brighter in the near future, which could mean serious trouble for the Erdenet copper company.
Two views on the proposed Future Heritage Fund
Among the most important discussions Parliament will have in the Autumn session is one on the draft law on the proposed Future Heritage Fund, submitted by the President on 12 June, 2015. I
