Mining The Resources
Minding the future
Эрдсийг эрдэнэст
Ирээдүйг өндөр хөгжилд
Recent news
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.
End of confusion over “long-titled” law in sight The law prohibiting exploration and extraction in certain water and forest areas, commonly known as the“long-titled” law, continues to be in limbo. Belying expectations, the special session of the State Great Khural did not discuss the draft regulatory law to amend several of its disputed provisions. Some reconciliation of opposing positions is now likely before the Fall session. N.Aruintuya explores how the proposed amendments will alter the law.
New law on foreign investment to be effective from November 1 The new law on foreign investment, passed by Parliament at its special session, becomes effective on November 1.
NTR Metals: Gold mining in Mongolia will continue to grow in a consistent and rational manner NTR Metals, the US based company for trade and processing of the precious metals, is implementing its successful operation globally. The company has decided to enter the Mongolian gold industry. Kenneth W. Beilstein explains about what services does the new branch of NTR Metals in Mongolia bring here and the opportunities for the Mongolian gold industry’s development.
Bureau Veritas brings state-of-the-art laboratory to Mongolia Bureau Veritas, a global leader in Testing, Inspection and Certification (TIC), has opened a state-of-the-art coal testing facility in Ulaanbaatar. It will service the technical needs of the coal industry by providing analytical facilities, technical support and consulting services.
Shale gas in Mongolia – more questions than answers The conflict between the claims of industry-based growth and environmental protectionism will not be resolved until both sides appreciate the merits of their antagonists’ position and agree to abandon unreasonable posturing.
Ambassador wants bigger role for US companies US Ambassador to Mongolia Piper Campbell took questions from MMJ during her recent visit to Peabody Winsway’s Ereen mine restoration project. She sees “potential for tremendous growth and expansion” of cooperation between Mongolia and its third neighbor, and wants U.S. companies to play a bigger role in it.
Rising FDI means more GDP The contents of the Draft Investment Law were published in our August issue and this month we present some of the views of The National Council for Support of the Private Sector on the draft. We hope Parliament considers these before taking up the draft for discussion at its special session.
B.Enebish: Politics were leading to a long delay In the interview with MMJ, B. Enebish (former CEO of Erdenes Tavan Tolgoi and Erdenes MGL) explains why the company sees slower progress than expected.
CRU: There is a potential to supply Chinese demand in Mongolia John Johnson, CEO for the CRU China, is explaining on Mongolian future opportunities for mineral export. And he gives MMJ the long term outlook for iron ore and met coal.
MMJ co-hosting forum on the mineral sector The Mongolian Mining Journal is adding another feather to its cap as it prepares to organise a forum to celebrate the 20th anniversary of the modern Mongolian mineral sector. We shall be working in conjunction with the Office of the President and the forum will be held at the Government Palace in November 2013.
Upgrading laboratories brooks no delay The geological testing of a mineral in any reserve is essential before it begins to be extracted. Our enthusiasm as themining sector expands and fresh large projects come on the anvil must not make us overlook this most important yet underestimated component of mining.
Mongolia issues 1-year contract to 3 local firms to mine West Tsankhi In a bid to boost coal output with immediate effect, Mongolia has lined up three local firms to mine the West Tsankhi block of the giant Tavan Tolgoi coal mine for a year.
Orkhon River diversion project “spells disaster” Tsetseghkorol, a herder, stares out nostalgically at the Orkhon River, the longest in Mongolia. “In 1992, the river used to be wide, deep and clean,” she says. “Now it is very polluted and small.”
Draft mineral policy can be improved in several ways G. Iderkhangai studies the draft mineral policy for 2013-2024 and finds it short on specifics. Parliament would do well to insist on several clarifications before approving such an important document.
“It has become necessary to bring Mongolian coal research to the next level.” Dr. J. Narangerel is Chief Analyst for the Mineral and Mining Experimental Laboratory of the Mineral Resources Authority. He answers E.Odjargal’s questions on how can we develop coal laboratory and opportunities for development of coal-to-liquid technology in Mongolia.
Let’s hope that the newly built railroads don’t wind up being useless in the end Interview with S. Haltarbanid, railroad engineer for MTZ (Mongolian Railroad). A very experienced engineer who during his many years working with the Russians on the construction of the railroad has made over 30,000 km of railroad blueprints. He is concerned that, in the end, the newly laid railroads will become useless. Please read the reasons for his concern from the following interview, conducted by reporter N.Ariuntuya.
How Mongolia became the mouse that roared Turquoise Hill Netherlands is a little-known Amsterdam-based company with three employees, no office, and not even its own mailbox. To the government of Mongolia, though, the company represents billions in taxes that it will never see.
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