Recent news
Mongolia sets gold extraction target for 2014 at 31 tons
Minister of Economic Development N.Batbayar, Minister of Mining D.Gankhuyag and Mongol Bank Governor N.Zoljargal recently met representatives of gold miners to discuss how the goal of extractingone million ouncesor 31 tons of gold this year could be met.
Recalling when miners made a massive misjudgement
Any writer – barring the meanest hack and maybe authors of potboilers in the original sense (and I presume to exclude myself from fellowship with either) – is encouraged by feedbacks, appreciative or even otherwise,
Tweaking the Minerals Law to fit the new State Policy
Following the recent adoption by Parliament of the State Policy on the Minerals Sector, the current Minerals Law will have to be amended, to incorporate features of the new policy, but analysts expect the changes will not be many and will also be minor in nature. A working group has been established at the Ministry of Mining to recommend likely amendments and it is now making its own study, as well as asking professional organisations and experts for suggestions.
Erdene “extremely pleased” with Altan Nar assay results
In a statement accompanying the release by Erdene Resource Development Corp. of the final assay results for its Q4 2013 trenching programme at the Altan Nar gold-polymetallic project, the company’s President and CEO, Peter Akerley, has said, “We are extremely pleased with the results.
State-owned entities must have operational freedom
G. Temuulen, Executive Director of Erdenes MGL, tells S. Bold-Erdene freedom from Government control is the key to the commercial success of any State-owned company. If necessary, there should be a legal bar on any form of Government involvement in a company’s daily work.
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.
