Recent news
OT plants saxaul trees to restore Gobi landscape
Oyu Tolgoi is shaping a new approach to rehabilitation, firmly focused on maintaining the ancient natural environment. The Mongolian Gobi has a dry and extreme climate and native plants such as the saxaul tree have adapted to the harsh conditions over generations.
Xi, Pu and the USD rate
The Development Bank of Mongolia was able to take a few deep breaths after the visit of the President of China, Xi Jinping. The reason was that the China Development Bank had agreed to lend it $162 million, repayable in 8 years at 6 per cent interest.
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.
“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.
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.
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.
