Recent news
Candidates for strategically important deposits: Part II
An appendix to the State Great Khural Decree No.27 of 2007 refers to 39 deposits which might qualify to be classified as strategically important deposits if they fulfil certain criteria. These are known as candidate deposits. Our July issue gave general information on 13 of them, and this month we cover another 13 deposits. We do not give comprehensive details, but mention present ownership of the mines and give an idea of how these are working at the moment.
Mongolia asks Russia and China to realign gas route
Mongolia is calling upon China and Russia to re-direct a planned natural-gas pipeline across its territory as the world’s fastest growing economy seeks to tap the cleaner-burning fuel. Altering the route to pass through Mongolia would save 1,000 km of pipeline, President Ts.Elbegdorj said in an interview. It would also allow Mongolia to switch to gas heating in Ulaanbaatar, which ranks among the world’s most polluted cities due to widespread use of coal-fired stoves.
Mongolia’s Coal Industry
This is the first edition of the Mongolia’s Coal Industry Report from MICC. The following topics will be covered in the report:
Production and Infrastructure.An overview of the current and historical figures as well as specific issues surrounding resource estimation, production and transportation.
MRA accepts Gutain Davaa gold resource for registration
The Mineral Resources Authority has accepted for registration, after review and approval by a number of experts, the high grade gold resource at the Toordogiin Shil Prospect on the Gutain Davaa Project of Meritus Minerals Ltd. Under the Mongolian system, the resource is classified as a B+C Resource of 3.17415 tonnes of gold at an average grade of 5.73gAu/t. Because of the methodology, this is not compliant with NI 43-101 or JORC Code reporting standards.
New strategic approach to sustainable mining development
At aprofessional conference, I should directly get into the topic of sustainable mining development, but I feel it is necessary to recall the past as we observe the 90th anniversary of the mining industry in Mongolia. A German scientist said, “If one knows only the present state of science one knows only half the actual story.”
Remembering the first years of “Discover Mongolia”
Ten years ago, when the first “Discover Mongolia” Forum was conceived of as a platform to introduce the Mongolian mineral sector to the world and to attract foreign investors, nobody could be certain of the response from the latter. Now, when the annual event is a runaway success, we take a walk back Memory Lane with N.Algaa, chief executive of the Mongolian National Mining Association, who was among those actively behind the forum at its modest beginning in 2003.
We have given a new direction to Mongolian television and journalism
First of all, we at Hugjil Studio would like to thank our dear viewers whose support gives strength to us.
Our studio was opened in April, 2011 to air mining- and economy-related programmes. The MMJ team has played a major role in popularizing Hugjil programmes. Mining and economy are big topics.
Strategy on strategic mineral missing
The term “strategically important” in reference to certain mineral deposits has long been used in the laws of both Russia and Mongolia but there is considerable ambiguity in people’s mind about its intention and application. Some find the demarcation unnecessary, while others go so far as saying it is offensive, but the apparent justification behind identifying some deposits as strategic is to facilitate
Sharyn Gol JSC
Sharyn Gol JSC (MSE: SHG “Sharyn Gol”) is pleased to announce that the Ministry of Nature, Environment and Tourism has accepted its Environmental Impact Assessment Report for the planned new open pit mine at the Shaazgait thermal coal deposit (“Shaazgait”).
Elbegdorj wants TT partner chosen by year-end
President Ts.Elbegdorj has set an end-of-year deadline to select companies to develop part of TavanTolgoi, seeking to resolve a year-long battle for the resource between groups from five nations. Peabody Energy Corp., OAO Russian Railways, and China’s Shenhua Group are among companies affected by stalled talks to develop the West Tsankhi area of the coal deposit. Elbegdorj has said resolving the impasse will be among the top priorities of the new government.
After the election
With the election behind us, the Human Development Fund in its present form is all set to receive a make-over, and we shall have fresh discussions on new approaches to social welfare and new uses for the Fund. Work on the 2013 budget will also have to begin withoutdelay.
GENERAL GUIDELINES OF COLLABORATION ADOPTED AT THE 5TH CONSULTATIVE SEMINAR ON ASSESSING IMPACT OF MINING
According to a press statement issued on June 15,the Mongol Bank and the National Statistical Office successfully held the 5th consultative seminar of foreign sectors on “Measuring the impact of the mining industry on the economy”. The seminar noted that the available data and statistical figures are not enough to reach any definitive conclusion on the issue, and recommended more study and analysis in various areas, including policy, before assessing the actual impact.
Dramatic copper demand growth expected from China, India, Brazil
Copper consumption is rising dramatically in China, Brazil and India. Copper imports are normally an indicator of economic activity. For the first five months of 2012, copper imports by China increased by 52% year on year as demand for the red metal continued to soar.
