Recent news
The mining law draft explained
Following the recent public availability of the revised draft of the Minerals Law, the air is thick with opinions and comments. Not all of these are well-informed or based on a correct perception, however.
Mining boom keeps Australians from jobs in Antarctica
There are times when the sun never sets on Antarctica, but a long-term Australian programme encouraging people to “live the dream” and work in the vast frozen landscape is having to extend a deadline for the project due to a shortage of applicants.
Baosteel to invest $1.3bn in natural gas pipeline
China’s Baoshan Iron &Steel, the country’s largest listed steelmaker, said it will invest $1.3billion in a natural gas pipeline project led by China National Petroleum Corp. Narrowing margins and weaker growth in demand have prompted steelmakers in China, the world’s top steel producer, to seek more cooperation with downstream users to increase profit.
Mining Minister commissions OT concentrator
The very last week of 2012 saw Oyu Tolgoi LLC take a big step towards the future. With MPs, cabinet members, and ambassadors watching, Mining Minister D. Gankhuyag pressed the activation button on the concentrator to formally mark the commissioning of the largest and most technologically advanced machine ever built in Mongolia.
Prowling for big oil in Mongolia, Wolf Petroleum signs PSC
Wolf Petroleum, formerly Strzelecki Metals, has signed a production sharing contract for the 23,047-sq km Sukhbaatar exploration block 27, located in and eastern Mongolian region with proven and producing petroleum systems and adjacent to Wolf’s existing BU Block.
Entree Gold reports on Q3
Entree Gold Inc. has filed its interim operational and financial results for the quarter ended September 30, 2012. Its highlights include references to the Lookout Hill Joint Venture in Mongolia where the company looks forward to development production from the Lift 1 underground operations on the Entree-OTLLC joint venture ground expected as early as 2015.
Well done, Mongolia!
Considering the alacrity with which media persons in Mongolia track the Internet, I was surprised to find in the Home page of The World Justice Project that even after a week of the release of its latest Rule of Law Index -- the third in an annual series -- there was no record of any feedback from Mongolia.
