Mine

A mining-eye view of the year that was Looking back at 2017 as a whole, one sees it as a year of both positives and negatives for the country’s development, and also as a period when the mining sector was kept busy throughout.

How Russia sees Mongolia as gateway to the southern seas Last June, Russia celebrated the 125th anniversary of the longest rail line in the world. It was indeed an event to celebrate, as 70 per cent of the country’s rail freight is carried along these tracks through the Siberian landscape, an area with a huge amount of natural resources.

Managing resources: UB seminar shares experiences Since boom-bust-boom cycles are normal in commodity markets, it is essential for resource-rich countries to manage their underground wealth prudently, through good times and bad. Some countries have done this more successfully than others, and Norway is taken to be among the best of them, while Mongolia realises it has not been particularly successful in fulfilling its potential.

Mines hope to export 19.5 million tons of coal in 2016 Coal export is to reach 19.5 million tons in 2016, significantly more than in 2015, according to annual plans submitted by 47 coal mines to the Mineral Resources Authority of Mongolia.

Energy Resources re-starts its mine extraction One of Mongolia’s biggest coking coal miner Energy Resources re-commenced its extraction in Ukhaa Khudag mine in early December.

Local communities explain stand on exploration licences Mining sector people are watching with concern how exploration licences issued by the MRAM are being rejected by the local communities which, by law, have the final say. Until some time ago, about 70 per cent of such allocated licences have failed to get the nod from local communities.

Mongolia offers more land for mining to raise cash Mongolia is hoping to drum up more foreign investor interest in its flagging mining industry after opening up an additional 10.1 million hectares of territory for mining exploration.

Mongolia offers more land for mining to raise cash Mongolia is hoping to drum up more foreign investor interest in its flagging mining industry after opening up an additional 10.1 million hectares of territory for mining exploration. The country, estimated to possess $1.5 trillion worth of mineral resources like gold, copper and iron ore, started the application process for exploration licences on Jan. 26.

Mining Ministry visited Bayangol mine site

Minerals 2025 II

The Bests of Mining Journal Awards 2014 Announced 2015.01.23

MPs find financial irregularities in Erdenes TT A seven-member team of MPs appointed by the Economic Standing Committee claims to have unearthed several instances of misuse of funds at Erdenes Tavan Tolgoi LLC.

Gal Undesten says it will sue Areva subsidiary in international court The environmental and human rights movement Gal Undesten (Fire Nation) has announced that it will move the International Court of Justice (ICJ) against Cogegobi LLC, an Areva Mongol subsidiary, if the latter does not agree to halt its operations in Mongolia.

New Russian-Mongolian JV to mine Asgat A joint venture between Erdenes Mongol and RosTec, both State-owned companies, will be formed to exploit the Asgat silver deposit, EM Executive Director O.Sainbuyan has revealed.

Landmark agreement on Gatsuurt in the offing Parliament is discussing whether or not to make the Gatsuurt gold deposit a strategic deposit. The licence holder, Centerra Gold Mongolia, has offered to the Government free ownership of a certain percentage of shares in it.

Project to study impact of mining on traditional livelihood Work will start soon on a project under the Asia-Pacific Network for Global Change Research to examine if traditional livelihoods in Mongolia and mining can co-exist in a changing climate and how public-private partnerships in the country can be strengthened to reduce risk and address loss and damage.

Mongolia EITI report has been analyzed by students from UBC 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 natural resource development.

Erdenes TT starts receiving money for West Tsankhi coal sale Erdenes Tavan Tolgoi Chief Financial Officer B. Enkhbat has revealed that the company received $17 million on 18 April from contracts signed with eight buyers for 4.25 million tons of coal.

Nalaikh mine today…

NALAIKH MINE TODAY…

Photo report by B.Rentsendorj (GAMMA agency)

Chinese artisanal gold miners were active during the Bogd Khans’ reign in Mongolia, transporting their output to the Ikh Khuree. Then they established a big mine in 1920.

The Nalaikh mine began operation after the technical reforms in 1954-1958, and continued to work until mining was stopped under the Fuel, Energy, Geology and Mining Minister’s Resolution 111, issued on January 15, 1995.

Erdenes MGL buys coal transport road from MMC Erdenes MGL has taken control of the Ukhaa Khudag-Gashuun Sukhait paved road from Gobi Road, a subsidiary of the Mongolian Mining Corporation, on payment of an amount equivalent to approximately $90,323,295.42 at the current exchange rate.