Recent news
Coking coal export earned $590 million last year
Minister for Mining D. Gankhuyag has reported that 31.1 million tons of coking coal was mined in 2012, of which 20.5 million tons was exported for approximately $590 million. Also, 14,483,138 barrels or about 2.3 million tons of crude oil was drilled, of which 14,090,509 barrels were exported for MNT332.3 billion.
“Why should the State build a railway?”
B.Purevbaatar, Head of the Mongolian Railway Engineering Association, tells MMJ what is wrong with the State policy on railway and why there has been no progress in building the railway.
MINING AND LOCAL RESIDENTS
It is January in the Gobi. The sun shines brightly as only it can in the Gobi. We encounter local people speaking in aphorisms, great Gobi’s brave hearted camel herdsman, and a paleontologist who guards footprints of dinosaurs in Shar Tsav. We hear a tale about a powerful wrestler whose name was Ider Dampil.
“Growth must not be mistaken for true development”
Known for his incisive analysis and independent views as well as for the no-nonsense way in which he expresses them, Byambasuren Dash, the 17th Prime Minister of Mongolia, tells N.Ariuntuya what he thinks of what is presently happening in the mining sector.
Consensus needs time, says President
We give below a summary of President Ts.Elbegdorj’s opening address at the public discussion of the draft Minerals Law in the Citizens’ Chamber.
Centerra reports higher output, lower costs at Boroo
Centerra Gold has reported that gold production at the Boroo mine in the fourth quarter of 2012 was 29,878 ounces, compared to 12,866 ounces in the same period of 2011. The production increase of 12,614 ounces is a result of processing higher grade ore from Pit 6 and the addition of 7,486 ounces of production from the heap leach operation which resumed in October 2012.