Эрдсийг эрдэнэст
Ирээдүйг өндөр хөгжилд
Mining The Resources
Minding the future
Opinion

The expropriatory and unlawful treatment of our company by the Government...

* “The expropriatory and unlawful treatment of our company by the  Government has left us no alternative other than international arbitration. The Nuclear Energy Agency continues to falsely denounce us in Mongolia while simultaneously entering into an agreement with ARMZ of Russia, thereby excluding Khan of its rightful interests. And now such extraordinary measures have been resorted to in order to shield ARMZ from commercial litigation. We are not deterred by this temporary road block and are considering alternate methods of rendering service to ARMZ.”

Grant Edey, CEO, Khan Resources.


* “Despite what the law says, it will take much longer than one or two years to demarcate boundaries of water basins and other areas prohibited to mining. So far local administrations have not actively participated in the work even though their role is crucial.”

Z. Batbayar, Deputy Director of the Water Authority.


* “It is pleasing to see the speed with which the Ministry responded to our request to review their decision on our Ereen license and gratifying to receive such a favorable response.”

Nick Clarke, Chief Executive, Central Asia Metals.

 

* “Mongolia is in the midst of a robust economic recovery but the large increase in fiscal spending this year will actually do more economic harm than good. The economy is showing signs of overheating with inflation already too high. The 2011 budget should be amended to reduce spending substantially. There are limits to what monetary policy can achieve if budget spending this year is not scaled back.”

An International Monetary Fund (IMF) mission.

* “The opportunity to go to an eastern Russian seaport provides us with some comfort. We want to create a balance of interests among the partners working with Mongolia.”

S. Batbold, Prime Minister.

* “We need more doors to our neighbours.”

Ts. Elbegdorj, President.


* “Mongolian society has a sense of cultural alienation from China and fears that growing economic dependence on its powerful neighbour might evolve into political subservience. This outweighs all rational calculations of the immediate economic benefit and dwarfs any advice or opinion of western experts.”

D. Munkh-Ochir, researcher at the
Institute of Strategic Studies in Ulaanbaatar.

* “The London exchange would help the Mongolian bourse create a new capital market infrastructure worthy of Mongolia’s increasing significance on the world stage.”

D. Sugar, chairman of the Mongolian State Property Committee.


* “The partnership will help MSE become one of the best performing stock markets in 2011 and beyond. It should accelerate the process of MSE becoming a viable source of capital for Mongolian companies and an efficient channel for wealth distribution from mineral resources among the Mongolian population.  Over the longer term, LSE may assist MSE to become a regional hub for capital raising by resource companies.”

Eurasia Capital.


*
“The beauty about Mongolia is you can find projects sitting side by side, be they coking coal or copper finds, (but) marketing raw materials from Mongolia is a very task. The China rail network is very heavily congested and that’s not going to change. Getting your coal from the Mongolian border to the coal ports is a bloody task and that’s where Noble can help. The alliance with Noble gives us a brother in the game - a partner that has the firepower and the balance sheet to make things work.”

Brian Thornton, Chairman, Xanadu Mines.

 

* “Many countries are curtailing the coal-fired generation of electricity, but the future looks to greens as black as coal. The future looks a lot like the past.”

William Rosen, historian.

* “Ger area families are very poor. To change the ger stoves, they need money. But money is not the real problem. The international organizations are willing to invest but when the government gets the money, it goes the wrong way.”

S. Lodoysamba, an expert on urban air pollution at the
National University of Mongolia
,

 

* “Our overriding concern is that policy should not be formulated by only the Government or one Ministry. It must be the result of coordinated efforts of employers, the private sector, and the public sector.”

J.Sukhbaatar, director of the MCA’s Vocational Training project.


* “The work we are doing now brings industry, government, and communities together to educate stakeholders on mining, its processes, benefits, and trade-offs to minimize potential disruptions and conflicts that may arise at the local and national level.”

Kh.Ganbaatar, head of the Mongolian Employer’s Federation.


* “The mining industry will play a key role in the economic and social development of Mongolia. Along with the increasing investments by the foreign and domestic entities, more work places and jobs will be created. The signing of this tripartite agreement is a major step in establishing a national  mechanism that will reflect the best international practices for resolving conflicts and grievances regarding natural resources and will develop grievance handling methods that are appropriate for Mongolia.”

Ch. Khurelbaatar, head of the Cabinet Secretariat.

 

* “We are trying to develop tools to prevent sharp currency appreciation, which could damage non-mining sectors. Our currency war begins in 2013.”

L. Purevdorj, Governor of Mongolbank.

* “What is the need to amend the Criminal Law? It has stood the test of time, causing no social discord. Law-enforcing organizations and sentenced prisoners suffer stress when such an amendment is made. The crime situation is getting worse and the number of serous crimes has been increasing. This is not a time for amendments that could have more negative results.”

Ts.Nyamdorj, Minister for Justice.


* “The tripartite memorandum of collaboration between the Government, the civil society, and the business community to establish an unprecedented grievance handling mechanism for the mining industry is a landmark. Communities across Mongolia need a voice and the agreement offers an opportunity to build capacity and resolve challenges related to natural resources at both the national and local levels.”

S. Ganbaatar, head of the Confederation of Mongolian Trade Unions.

 

* “China’s growth brings us a huge chance to develop and prosper, but we do not want to simply become the raw material supplier to just one country.”

S. Oyun, MP and former foreign minister.