Recent news
Concern over how Mongolian plans pose threat to Baikal
Lake Baikal is facing another environmental threat, this time from across the border with plans in Mongolia for a series of new hydroelectric power plants. Campaigners including Greenpeace have made a plea to the World Bank to block funding for the major projects, which will see the plants built on tributary rivers leading to Baikal. Among the proposals is one to dam a river and divert water to the Gobi desert.
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.
Drilling at Erdene Resource’s Altan Nar yields significant results
Erdene Resource Development says drilling results for the first four holes of the 15-hole Q4 2014 exploration programme at its wholly-owned Altan Nar gold-polymetallic project show significant increase in width and grade at the northern edge of Discovery Zone South (DZS).
The iniquities of inequality
One reason why the Right – do mark the capital R, for this significant and substantial section of the world’s population is often enough not right – was so upset by Thomas Piketty’s book last year is that it showed so cogently that inequality is not inevitable, it is engineered.
Choosing fees over dividends
The Government has now started acting seriously to resolve differences over how to finance development of the second stage of the Oyu Tolgoi project, which is its underground mine.
Gazprom cuts gas purchases from Central Asia
Russia’s Gazprom plans to reduce the volume of gas purchases from Turkmenistan and Uzbekistan by nearly 10 billion cubic meters and replace these volumes with its own gas in 2015.
Newera withdraws from Ulaan Tolgoi Coal JV
Newera Resources has decided that following a review of recent exploration within the Ulaan Tolgoi project and armed with the knowledge that despite the identification of interpreted potentially coal bearing sub-basins and the more recent interpretation
MMJ Awards bring cheer to miners
The general air of despondency in the mining sector took a break on 23 January when the Mining Journal Awards 2014 ceremony was held.
Power Plant#5 will have two innovative features
G.Iderkhangai finds out from P.Tovuudorj, head of Strategic Policy and Planning Department at the Ministry of Energy, about major projects and reform in the legal environment of the sector.
