The Mongolian Mining Journal

Conference brings Mongolia closer to clean coal With prices falling globally and demand in China declining, coal miners in the country have had a rough time in recent years but even then, there is no argument about the continued importance of coal in the economy of Mongolia, and of its primacy as an export item.

MONGOLIA’S DILEMMA: should its loans be commercial or political? The World Bank declared in 2012 that with a rise in its per capita GNI (Gross National Income) Mongolia had become a middle income country, leaving behind its place among those in the low income category. Along with this came an end to an era of loans and grants from international financial organisations and donor countries.

No decision yet on State ownership in Tsagaansuvarga Uncertainty surrounds the development of the Tsagaansuvarga copper project, halted by its owners Mongolyn Alt (MAK) for lack of funds after completing 45% of the construction schedule.

“Our crisis is of our own making” Kh.Enkhsaikhan, President of Mongolian Association of Metal Producers, tells MMJ much of the crisis in the country’s mineral sector is homemade.

“We work for local and national development” S.Bold-Erdene talks to D.Otgonbayar, deputy director at Bold Tumur Eruu Gol LLC.

Some more on paying some ‘a lot’ more Some idle browsing during the Naadam break brought me to the text of a stunningly good speech –and all the more so because quite unexpected -- Mark Carney, Governor of the Bank of England, made at the Conference on Inclusive Capitalism – for many, an oxymoron – recently organised by the Financial Times.

“The new law supports the private sector and reduces bureaucracy” Ch.Otgochuluu, Head of Strategy and Policy Planning at the Ministry of Mining, talks to S.Bold-Erdene on what lies ahead, now that the long awaited amendments to the Minerals Law have been approved.

Invest Mongolia-Frontier’s 8th annual, Ulaanbaatar, Mongolia Invest Mongolia-Frontier’s 8th annual, Ulaanbaatar, Mongolia

Mining and Construction Mongolia, Ulaanbaatar, Mongolia Mining and Construction Mongolia, Ulaanbaatar, Mongolia

Discover Mongolia, Ulaanbaatar, Mongolia Discover Mongolia, Ulaanbaatar, Mongolia

China Gold Congress and Expo, Beijing, China China Gold Congress and Expo, Beijing, China

Drill & Blast Masterclass 2014 Drilling and blasting is a critical component in all major extractive industries throughout the world. As a constantly revolving niche market in the extractive industry, this training will ensure the participants are kept abreast of the latest in drill and blast theories and practical applications.

The 12th International Mining Investors Forum The 12th Discover Mongolia International Mining Investors Forum (IMIF) will be held in Ulaanbaatar, Mongolia during September 4-5, 2014. The conference venue will again be the Children’s Palace of Mongolia, the location of the conference for the past 11 years.

ALS opens coal analytical laboratory at Tavan Tolgoi Mine Mongolia ALS one of the world’s largest and most diversified testing servicesproviders has announced the opening of the new coal analytical laboratory at Tavan Tolgoi mine in South Gobi, Mongolia.

Oil & Oil Shale Mongolia 2014 outlines Mongolia’s new potential Ulaanbaatar, Mongolia - Oil & Oil Shale Mongolia 2014, International investment conference is back with a new scheduled date on 10 - 11 September, 2014 in Ulaanbaatar, Mongolia.

Strengthening EITI implementation in Mongolia The Extractive Industries Transparency Initiative (EITI) is a global coalition of governments, companies and civil society working together to improve openness and accountable management of revenues from extractives.

Oyu Tolgoi draws from inventory as sales exceed production Sales of copper concentrates from Oyu Tolgoi exceeded production in April, leading to a drawdown in warehouse inventories held on the China-Mongolia border. Oyu Tolgoi concentrates sales during the month totalled 68,000 dry metric tonnes, up from just 48,000 dmt in the whole of the first quarter.

Inviting you to the biggest annual joint event of the Mongolian geology, mining, and oil sectors The new year will begin with a bang for the Mongolian Geology, Mining and Oil sectors. ‘Mongolian Minerals, Oil Forum’, their biggest joint event ever, and the first of what is planned as an annual event in the global calendar, will be held in the third week of January, with support from the Government.

Erdene hits highest gold grades to date, exploration continues Erdene Resource Development Corp recently released the results of their second-quarter exploration programme at its Altan Nar gold-polymetallic project. Findings from surface exploration and drilling have supported the sustained development of the mineralisation project.

Proposed amendments to the Minerals Law We give below the text of the draft amendments to the Minerals Law. Only the Articles, Clauses and Sub-clauses sought to be amended are given. The translation from the Mongolian is neither official nor authorised nor literal, but it is accurate in giving the true sense of the proposed amendments.