Recent news
Mongolian members of the Oyu Tolgoi board appointed
Three members of Mongolia at the Board of Oyu Tolgoi LLC were designated. B. Munkhbaatar, CEO of Erdenes Oyu Tolgoi, N. Bagabandi, former President of Mongolia and pioneer member of Oyu Tolgoi board, and Ch. Altannar are appointed newly as a member of the Oyu Tolgoi board.
The story of the 49% stake
The news of the unexpected sale by the Russian State-owned company Rostec to an almost unknown Mongolian company of its 49 per cent ownership in two iconic joint ventures, Erdenet Mining Corporation and Mongolrostsvetmet, took everybody by surprise. No one knows for sure why the deal was done, but E. Odjargal shows how the period of Rostec’s involvement was marked by tension, open or hidden.
Welcome ‘Standby’
In 2010-2011, Mongolian economy had been hungry for investment. At that time we were excited about mega projects like Tavantolgoi, railway project, Sainshand industrial complex, all together were estimated for MNT17 trillion and we were hoping to raise money by issuing international bond and get loan as fast as we could.
The new Government’s mining goals
The Mongolian People’s Party (MPP) now has 65 seats in the Parliament, against the Democratic Party’s (DP) 9, and the Mongolian People’s Revolutionary Party’s (MPRP) one. The last seat is held by an independent. This overwhelming majority gives the MPP a free hand in running the country in the next four years. So what is the action plan it wishes to implement?
Focusing nearer home
As part of the GIZ’s Integrated Mineral Resources Initiative program, MMJ journalists have for some time now been working on preparing a simplified version of the Extractive Industries Transparency Initiative (EITI) reports on four selected aimags, to make them more interesting and easier of access.
“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.
Jacobs Engineering to build OT underground mine
The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services.
Jacobs Engineering to build OT underground mine
The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services.
Jacobs Engineering to build OT underground mine
The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services. Jacobs will provide engineering, procurement and construction management (EPCM) services for the project and will be responsible for implementation of the materials handling systems and associated surface and underground infrastructure.
Jacobs Engineering to build OT underground mine
The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services. Jacobs will provide engineering, procurement and construction management (EPCM) services for the project and will be responsible for implementation of the materials handling systems and associated surface and underground infrastructure.
Mongolia takes a U-turn
In a big boost to the drooping morale of the mining sector, Mongolia is all set to become a uranium extractor country again. The Executive Director of Mon-Atom LLC, E.Galbadral, told MMJ in April that talks with the French company Areva to put two deposits into the economic cycle were at an advanced stage.
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.
