The Mongolian Mining Journal

EBRD loan to help Sharyn Gol produce clean fuel briquettes The European Bank for Reconstruction and Development (EBRD) is lending $10 million to Sharyn Gol JSC for the acquisition and installation of a de-stoning plant and the upgrade and expansion of a coal enrichment and briquetting plant.

The sound of one hand clapping Careful readers will find on another page of this issue a quote from the indefatigable anti-corruption crusader, President Ts. Elbegdorj, “Corruption makes Mongolia look awful, ugly.”

Erdenes MGL buys coal transport road from MMC Erdenes MGL has taken control of the Ukhaa Khudag-Gashuun Sukhait paved road from Gobi Road, a subsidiary of the Mongolian Mining Corporation, on payment of an amount equivalent to approximately $90,323,295.42 at the current exchange rate.

From draft to State Policy – a long journey The State Policy in the Mineral Sector was passed last month after being discussed for over two months. President Ts.Elbegdorj had proclaimed a decree last March and a working group was set up to prepare a draft policy for Parliament to discuss. After working for almost half a year, the working group submitted the draft to the State Great Khural at the Fall Session.

Coal Mongolia 2014, Ulaanbaatar, Mongolia. 2014.02.20-21

The 3rd Exploration Exchange China 2014, October 24-25. Beijing, China Welcome to Exploration Exchange China 2014, China’s premier outbound mining investment conference and exhibition, which will be staged on October 24-25 at the Beijing International Convention Center (BICC).

China Gold Congress and Expo, September 10-12. Beijing, China Hosted by the China Gold Association, organized by Capital Exhibition and Conference Corporation, the China Gold Congress and Expo will be held at the Beijing International Convention Center on September 10-12, 2014. I

EOT: Continuation of the underground expansion operation is dependent on the completion of the Feasibility Study Further to our press release dated 18th November, 2013 and Turquoise Hill Resources (TRQ) press release dated 12th February 2014, Erdenes Oyu Tolgoi LLC (EOT), 34% shareholder of the Oyu Tolgoi LLC (OT), wishes to clarify its current status in resolving outstanding issues.

Trafigura signs off-take deal for Oyu Tolgoi Commodity trader Trafigura has agreed to provide financing for Oyu Tolgoi in exchange for a long-term deal to buy an undisclosed portion of the output, it said on Monday.T

“We lack social consensus and refuse political consensus, leading to defamation and destruction of Mongolian democracy.” “We lack social consensus and refuse political consensus, leading to defamation and destruction of Mongolian democracy.” R.Amarjargal, DP MP.

Russians “welcome, but only on competitive terms” The 17th and the latest inter-governmental meeting between Russia and Mongolia in Moscow had a long agenda and ended with several decisions to enhance collaboration between the two nations. These included some issues of importance in the mining sector. S. Bold-Erdene talks to vice minister of mining, O. Erdenebulgan, to find out more.

Game-changing sub-programmes in the making A novel feature of the draft State Policy on the Mineral Sector, awaiting Parliament’s approval, is that its implementation will be effected through several sub-programmes, the detailed explanatory and regulatory articles related to which will ultimately demarcate the way along which the whole mineral sector will develop until 2025.

GREETINGS TO THE MONGOLIAN MINING JOURNAL My warmest congratulations to the Mongolian Mining Journal which is celebrating its 5th anniversary.

MMJ moves with the times I wish to congratulate the staff of the Mongolian Mining Journal on the magazine’s 5th anniversary and wish them more success in the years to come.

It has always been a magazine of the times Looking back, 2008 was a landmark year for the mining industry of Mongolia. Mining began in many deposits, reserve estimates in several already discovered deposits were re-estimated, and talks began on operating Oyu Tolgoi and Tavan Tolgoi.

Enkhsaikhan M., Head of the Tavan Tolgoi Power Plant Project: The Magazine Is A Reliable Source Of Information Not Only For Mongolians Nowadays, people have so many sources that they can turn to for information, but I think a professional journal plays a key role in providing first hand news of a particular industry, presenting the government’s policy and strategy toward that industry, and furnishing locals with actual facts and issues of that specific industry.

This magazine is interesting and beneficial This year is MMJ’s 5th anniversary. This coincides with a period of intensive development in the Mongolian mining sector.

Peabody Energy: TT should to be developed as an integrated complex Mongolia’s economy has been suffering from an economic downturn due in part to lower commodity prices. Arshad Sayed, President for Peabody Energy in Mongolia and India, talks to MMJ on Mongolia’s economic outlook and how to enhance value creation in the country’s mining industry.

Prime Minister N.Altanhuyag’s Speech Dear guests and representatives, this forum in which we discuss the development of the coal to liquid technology in Mongolia is timely and very important.

There needs to be a comprehensive vision that includes both the coal-chemistry and energy sectors Some very big projects and industrial enterprises are soon to be commencing in Mongolia. Nonetheless, without the necessary supply of fuel and energy, it is impossible to even imagine these large-scale endeavors.