Recent news
Petro Matad extends exploration period for XX block for 5 years
Petro Matad has said it will spend up to US$47 million on exploration programmes on the XX block in Mongolia over the next five years. This comes as the Mongolian authorities extended the exploration period under the production sharing contract (PSC) for the block. Work at block XX has up until now focused on the DavsanTolgoi target, which disappointed last year.
Keeping the status quo in Rio
MNMA head D. Damba is not happy with the address of Minister of Minerals D. Gankhuyag at this year’s Discover Mongolia. Damba feels it was short on specifics and gave eagerly waiting investors few clear indications of how the Government felt about several issues of seminal importance. I would not blame the Minister for this. His government is still pretty new and will take time to formulate a policy that addresses existing, or creates new, momentous concerns.
Nippon Steel, Sumitomo Metal to expand Australia port
Nippon Steel Corporation (“Nippon Steel”) and Sumitomo Metal Industries, Ltd. (“Sumitomo Metals”) have announced that they have decided to invest to expand capacity at Cape Lambert by 70 million tons per year, along with the replacement of existing port facilities (“Port Expansion”), which are jointly operated with Rio Tinto group (“Rio Tinto”) in the Pilbara region of Western Australia.
Anglo American to Cut Coking Coal Output - Executive
Anglo American PLC plans to reduce coking coal output in the coming months as it reviews existing operations and projects in the face of weak prices and high costs, the miner’s coking coal chief said Wednesday as he warned industry-wide cuts will continue to deepen.
China Iron Ore Price Index For 3rd Week, September
According to China Iron & Steel Association (CISA), China Iron Ore Price Index (CIOPI, April 1994=100, 62% Fe content) for the third week (16 - 22) of September 2012 turned out to be 358.37 with a slight increase by 0.04 points from the previous week. Hike in domestic iron ore price positively affected the index while imported iron ore price continued to decrease.
Qi Song: Metso will suit Mongolia very well
Metso is a well-known global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Metso, with its headquarter located in Helsinki, Finland, is an Old Friend for Mongolian companies.
ETT IPO in MarchApril next year: B.Enebish
B.Enebish, Chief Executive Officer of Erdenes Tavan Tolgoi LLC, tells S.Bold-Erdene why the company’s much-anticipated IPO has been delayed and how it may all turn out to be more beneficial.
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.
The amended Law on Environmental Impact Assessment
The Parliament of Mongolia passed on May 17 an amended Law on Environmental Impact Assessment (EIA) that had been submitted to it on December 30, 2011. As every mining activity has some impact on the environment, the new amendments, as well as the untouched provisions of the law, are to be carefully considered by the mining industry.
“Building a mega plant is always a challenge”: Thyssen Krupp
ThyssenKrupp Uhde, a subsidiary of ThyssenKrupp, is one of the world’s leading engineering companies. Uhde is a global leader in CTL technology and is to build a coal-to-liquid plant in cooperation with Industrial Corporation Mongolia LLC. As he answers some questions from MMJ, Claudio Marsico, Director of Sales, ThyssenKrupp, says his company can offer Mongolia much more than the plant whose construction should begin in a month or two.
“Our main advantage is our experience in Mongolia”
The Liebherr Group, comprising more than 120 companies and with 60 years of experience, has been working in Mongolia since 2002, with Monnis as its official distributor. During Future Mongolia, MMJ asked Axel Dolcken, General Manager, Earth Moving & Mining Division,Liebherr Exports, about his company and the partnership in Mongolia.
Mongolia’s Strategic Investment Law – ‘The golden average’ … or not?
Parliamentarians and others who support the new Law on Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance (Strategic Investment Law) have been quick to say that Mongolia’s new regime to regulate foreign investment is very similar to Australia’s Foreign Investment Review Board (FIRB) regime.
What are shale oil, shale gas and oil shale?
Oil shale is one of the most prolific hydrocarbon resources on earth. Massive deposits are found in a number of countries around the globe, including Australia, Brazil, China, Estonia, Israel, Jordan, and the United States. Preliminary geologic surveys and evidence from oil shale outcrops indicate that Mongolia may also have oil shale resources of a size and quality that are commercially viable.
INVITATION TO SUBMIT NOMINATIONS FOR MINING JOURNAL AWARDS 2012
For the third year in a row, The Mongolian Mining Journal will be honouring the best performers in the mining sector with Mining Journal Awards in the beginning of December.
At a time when, as elsewhere in the world, the mining sector in Mongolia faces challenges and obstacles, the Mongolian Mining Journal finds it all the more important to encourage individuals and organisations that are sustaining the industry and to publicly recognise their achievement.
