The Mongolian Mining Journal

Amen to those who say, “It’s not over” Granted he said this in a metaphysical vein and was certainly not thinking of metallic ones, there is much truth even for readers of this journal in Isaac Bashevis Singer’s comment, “Our knowledge is a little island in a great ocean of non-knowledge.

BaruunTsankhi: Low-key start to high-yield project Finally there is news from BaruunTsankhi, the biggest coalfield region in the vast TavanTolgoi deposit. A decision is yet to be taken on the choice of strategic investors to operate BaruunTsankhi, though on this depends outside perception of Mongolia’s stance on foreign investment.

GoldField Mining Expo Kalgoorlie, WA, Australia, 30 Oct – 01 Nov , 2012 GoldField Mining Expo Kalgoorlie, WA, Australia, 30 Oct – 01 Nov , 2012

Boroo Gold gets permission to resume heap leach operations Toronto-based Centerra Gold has received regulatory approval to resume heap leach operations at its Boroo mine, where operations were suspended in June, 2009, following charges of impropriety by the Mongolian government on issues such as record keeping, land use, and operational procedures.

GOVERNMENT ACTION PROGRAMME 2012-2016 Following approval by Parliament,the new government’s manifesto for its entire term has become the formal map for the country’s direction in the coming four years. We give below an English version of the parts of it that are of interest to our specialised readership.

West Tsankhi’s opening, commodity market West Tsankhi’s opening, commodity market

Mine closure policy- the “vaccine” for risks Mine closure policy- the “vaccine” for risks

Mines and Money Australia Sydney, Australia 15-17 October, 2012 Mines and Money Australia Sydney, Australia 15-17 October, 2012

Peabody is invited to cooperate in developing the West Tsankhi Erdenes Tavantolgoi , which has started to develop the Tavantolgoi’s “second” mine known as West Tsankhi , taken next step to progress its operation. The company’s sent to the Peabody Energy the proposal to cooperate in developing the West Tsankhi as a contract miner.

Petro Matad extends exploration period for XX block for 5 years Petro Matad has said it will spend up to US$47 million on exploration programmes on the XX block in Mongolia over the next five years. This comes as the Mongolian authorities extended the exploration period under the production sharing contract (PSC) for the block. Work at block XX has up until now focused on the DavsanTolgoi target, which disappointed last year.

Keeping the status quo in Rio MNMA head D. Damba is not happy with the address of Minister of Minerals D. Gankhuyag at this year’s Discover Mongolia. Damba feels it was short on specifics and gave eagerly waiting investors few clear indications of how the Government felt about several issues of seminal importance. I would not blame the Minister for this. His government is still pretty new and will take time to formulate a policy that addresses existing, or creates new, momentous concerns.

“Criteria to determine State’s share of strategic deposits should be clear and fair” In his first interview to the media since assuming office as director of the Mineral Resource Authority -- an Implementing Agency of the Government -- G.Altansukh answers wide ranging questions from G.Iderkhangai of the Mongolian Mining Journal.

Nippon Steel, Sumitomo Metal to expand Australia port Nippon Steel Corporation (“Nippon Steel”) and Sumitomo Metal Industries, Ltd. (“Sumitomo Metals”) have announced that they have decided to invest to expand capacity at Cape Lambert by 70 million tons per year, along with the replacement of existing port facilities (“Port Expansion”), which are jointly operated with Rio Tinto group (“Rio Tinto”) in the Pilbara region of Western Australia.

Anglo American to Cut Coking Coal Output - Executive Anglo American PLC plans to reduce coking coal output in the coming months as it reviews existing operations and projects in the face of weak prices and high costs, the miner’s coking coal chief said Wednesday as he warned industry-wide cuts will continue to deepen.

China Iron Ore Price Index For 3rd Week, September According to China Iron & Steel Association (CISA), China Iron Ore Price Index (CIOPI, April 1994=100, 62% Fe content) for the third week (16 - 22) of September 2012 turned out to be 358.37 with a slight increase by 0.04 points from the previous week. Hike in domestic iron ore price positively affected the index while imported iron ore price continued to decrease.

Mongolia-New Frontier Market for Mining Technologies Mongolia-New Frontier Market for Mining Technologies

Mario Alfio Sorbello: Future of SLS operations in Mongolia as we see them are fruitful SLS Bearings was established in 1963 and headquartered in Singapore. The company which stared with three staff, and now after almost 50 years of operation, has a staff strength of more than 1300 people throughout Singapore, East Malaysia, West Malaysia, Indonesia, China and Mongolia.

Sandvik Mongolia LLC: Long term partner in Mongolia for Equipment, Tools and Service Solutions Jamie Ruddy, Managing Director of Sandvik Mongolia LLC, speaking on the company’s current and future commitment in the Mongolian mining industry.

GARY PAULSON: As long as there is a demand for mineral products mining will have a future in Mongolia Founded of Falcon Drilling Ltd Gary and Grand Paulson. 30 years experience in Drilling, Mining, Construction, Aviation and Exploration at management level.

Qi Song: Metso will suit Mongolia very well Metso is a well-known global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Metso, with its headquarter located in Helsinki, Finland, is an Old Friend for Mongolian companies.