Interview

The IMF program “will not solve structural problems” Prof. Dr. Hans-Werner Sinn, who retired in 2016 as President of the Ifo Institute and Director of the Centre for Economic Studies in Munich, Germany, was in Mongolia in 2013 and then again in August-September, 2017.

“We must respect local citizens’ views” The thrust on reviving mineral exploration has led to a decision to issue special exploration permits on 41.4 million hectares of land, or 26.4% of Mongolian territory. Permits for 31.2 million hectares will be issued under application, while those on the remaining 10.2 million hectares will be decided under the selection process. N.Ariuntuya spoke to B.Baatartsogt, Head of the Mineral Resources and Petroleum Authority, to find out where and how matters stand.

“Tsagaansuvarga is ready to take off, but the State must take quick decisions” G.Tsogt, Deputy Director of Mongolyn Alt LLC, briefs E.Odjargal on the state of the company’s projects.

“The draft new law is not populist, it introduces professionalism” The response to the draft law on mining has been mixed. Among those who are fully or partly against it, some have specific objections while the reservations of some others stem more from fears of uncertainty.

John Langtry: Governments Are Not Good at Business 2017 marks the 45th anniversary of the diplomatic relations between Australia and Mongolia. It has also been a year since the Australian Embassy in Mongolia was opened.

“Oil price rise will bring in new investment” S.Bold-Erdene talks to Ch.Chuluunbat, Head of the Fuel Policy Department in the Mining and Heavy Industry Ministry, about amendments to the product sharing agreement, extraction of crude oil, consumption and investments.

“Mining governance has a formal aspect, and an informal one” The need to improve the quality of mining governance, in both private and State-owned companies, is now a priority in countries seeking to make optimal use of their natural resources.

Smart furniture that creates an environment and workspace which encourages employees to do their best as individuals and as a team is in Anun has already made its mark in the Mongolian furniture industry as a modern high quality office furniture manufacturer and supplier. In recent years organizations of all industries such as banks, financial institutes, educational and cultural organizations and mining companies are keen on buying furniture from “Anun”.

“When we invest we invest for a long term” Earlier this month, Jean Sebastien Jacques, who took over as CEO of Rio Tinto not so long ago brought the entire board of the mining giant to Mongolia for a trip to the Oyu Tolgoi site. He and the Rio Chairman also met with the Prime Minister to discuss various issues related to the OT project. S.Bold-Erdene of the MMJ was among the Mongolian journalists who spoke to him. This is a fair but not literal transcript of the conversation.

The MRC Code will help Mongolian professionals gain international recognition Joining CRIRSCO (Committee for Mineral Reserves International Reporting Standards) in October 2014 as its 8th member meant Mongolia could use the internationally recognized MRC Code.

Interview with Battuya Jalbasuren, Managing Partner, Chinggis Law LLP My name is Battuya Jalbasuren. I am a Managing Partner of Chinggis Law LLP. We’re lawyers and attorneys who provide legal consulting services and advocacies specializing in mining, commercial and corporate areas of law. My partner Batbayar Enkhee is an attorney with extensive experience in administrative and criminal law practices

“We are doing all that we can to get more for our coal” S.Bold-Erdene asks T.Bilgee, Executive Director of Erdenes Tavan Tolgoi JSC, for updated information on the company and also to get his views on current issues.

“Using professional valuers will increase deposit worth” Mongolian mining sector, there are several issues to be paid attention such as creation of new legal environment, improvement to the existing methodologies of mineral deposit valuation, training of professional valuers. Regarding these issues, we have talked with mineral economist, doctor and professor D.Galsandorj.

Mongolia’s uranium: now and tomorrow E.Odjargal finds out from E.Galbadral, Executive Director of Mon-Atom LLC, the current state of Mongolia’s uranium deposits, and what the future holds.

“Mining will rebound it’s a matter of time” Ian McNeil, Chief Operating Officer at Khishig Arvin Industrial LLC, has been in Mongolia since 2006 and tells MMJ he remains an optimist.

UB Railway gearing up for bigger international role E.Odjargal finds out from L.Purevbaatar, Director of Ulaanbaatar Railway JSC, the role it expects to play in the planned economic corridor between Asia and Europe through Russia, Mongolia and China.

“China offers huge opportunities but also high risks” Mongolia’s economic growth depends quite a lot on what happens in China. Dr. D.Shurkhuu of the Institute of International Studies at the Mongolian Academy of Science tells G.Iderkhangai how decisions taken at the recent meeting in Beijing of the National People’s Congress are likely to impact the Mongolian economy, especially its mining sector.

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.

I.K.AZIZOV: Renewing the Mongolian shareholder is an open issue Iskander K. Azizov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia, talks to E. Odjargal on the issues, including the current relations and economic cooperation between Russia and Mongolia.

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.