The Mongolian Mining Journal

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.

Rosneft to supply oil worth $1 billion in five years Rosneft has signed two 5-year contracts for oil products supplies with Magnai Trade and Shunkhlai, committing itself to supply more than one million tons of oil products worth more than $1 billion at current prices between June 2014 and May 2019.

“Mongolians must ask their own questions, find their own answers” Dr Julian Dierkes is associate professor at the Institute of Asian Research at the University of British Columbia in Canada. He has been a regular visitor to Mongolia in the past ten years and writes on developments in the country in various journals.

AN ECONOMIC IMPACT ASSESSMENT OF THE IRON ORE SECTOR IN MONGOLIA Mongolia’s iron ore sector is high cost, small size, and low quality that impedes the competitiveness and is unattractive to investors

Newera begins coal magnetic survey at Ulaan Tolgoi The recently started ground magnetic survey covering the northern sector of Newera Resources’ Ulaan Tolgoi project in the South Gobi basin is expected to be completed within two weeks.

China approves opening-up of Erenhot border areas A new experimental area for development and opening up at the border of north China’s Inner Mongolia Autonomous Region has been approved. It is a breakthrough for Erenhot, an inland port city which borders Mongolia, coming after two years of preparations.

“The amendments will reintroduce a sense of urgency to the mining sector” B.Baatartsogt, head of the geological policy department of the strategic policy and planning authority at the Ministry of Mining, was part of the working group on amendments to the Minerals Law, to bring it in sync with the recently adopted State Policy in the Minerals Sector. N.Ariuntuya talks to him on the amendments, now awaiting discussion in Parliament.

Prescription vs practice Prescriptive prudence usually has no chance when pitted against political expediency. Some populism is inherent in democratic practice – after all the whole business is of, by, and for the people, we are told – and even if expediency is bad, there is no guarantee that the untried prescription would have been actually better.

Mongolian team visits multi commodity exchange in Mumbai A high level 5-member delegation from Mongolia recently visited the Multi Commodity Exchange of India in Mumbai to get familiar with the various operational, economic and self-regulatory aspects linked to successfully operating a commodity exchange. The delegation was led by O. Erdenebulgan, Vice Minister, Ministry of Mining.

Future Mongolia 2014, Ulaanbaatar, Mongolia Future Mongolia 2014, Ulaanbaatar, Mongolia

Coal Processing and Mining Technology, Ulaanbaatar, Mongolia Coal Processing and Mining Technology, Ulaanbaatar, Mongolia

POSCO sets up subsidiary for SNG plant in Mongolia South Korea’s top steelmaker Posco has established a subsidiary to operate a synthetic natural gas (SNG) business that is planning extend operations to Mongolia.

Copper exports rise 53% in March, coal, oil and gold also up Figures released by the National Statistical Office show that Mongolia exported 53 per cent more copper concentrate in March than in the same month last year, mainly because of rising output at Oyu Tolgoi.