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SouthGobi Sands Ch. Munkhbat, President and CEO, talks to B.Tugsbilegt Why did you think it was important to join the Voluntary Responsible Mining Code? Studying the Mongolian National Mining Association initiative, we felt its implementation could lead to a significant reduction in irresponsible mining, developing responsible mining instead. We cannot continue with the kind of mining that only degrades the land by digging, or with how “ninjas” work. Eight of us working together can do a lot for responsible mining. The mining sector takes many risks as it is and cannot afford to have the public against it. It must consider the attitude of citizens in areas where there is mining. We are the only coal company in Mongolia which is registered in two stock exchanges. Stock exchanges require a company to operate in a transparent manner and its reports and financial statements to be open to the public quarterly.

Baganuur JSC E. Nominchuluun, CEO, writes: Baganuur JSC has been operating for 41 years, since 1978. Its corporate culture as a state-owned company was formed in what now seems different times, but in 2014, in cooperation with GIZ, we prepared the Strategic Paper on Social Responsibility, which introduced fresh concepts. It is this document that provides the guidelines for the corporate social responsibility activities that we now follow. When in 2018 Erdenes Mongol evaluated the progress and performance of the responsible mining system towards reaching five key goals, Baganuur’s rating was 39 percent. Considering that we had started on this only recently this was quite creditable, and since then we have improved our compliance with international standards and requirements.

The 8 who want to make Mongolian mining more responsible The “Join for Responsibility” campaign initiated by the Mongolian National Mining Association (MNMA) and implemented together with the Ministry of Mining and Heavy Industry received a big fillip last June when eight leading mining companies of the country signed a memorandum of understanding (MoU) on the Voluntary Code of Practice for Responsible Mining. MNMA expects its initiative to encourage mining companies to follow best practices and be “responsible” and now the move by their more successful peers is certain to popularize and strengthen the concept of responsible mining in both theory and practice. The eight companies – Oyu Tolgoi, Erdenet Mining Corporation, Monpolymet, Energy Resources, Aspire Mining represented by its subsidiary Khurgatai Khairkhan, SouthGobi Sands, Terra Energy and Baganuur

Agreement with OT a big boost to TT power plant project By signing on the very last day of 2018 an agreement on Oyu Tolgoi sourcing power from inside the country, Ts. Davaasuren, Minister of Energy, G.Batsukh, Chairman of the Board of Directors at Oyu Tolgoi, and Armando Torres, the company’s CEO, took the actual implementation of the long-discussed Tavan Tolgoi power plant mega project one big step forward.

Erdene sees positive results of PEA study on Khundii Gold Project Following the completion of an independent Preliminary Economic Assessment (PEA) study for its 100%-owned Khundii Gold Project in southwest Mongolia, Erdene Resource Development Corp. (TSX:ERD MSE:ERDN) has drawn particular attention to the following results of the PEA.

Erdene Resource reports “solid progress” In a recent update on corporate and project activities, Canada-listed Erdene Resource Development Corp. says it had an active and successful second quarter, where it reported some of the highest grade drill results to date from its flagship gold project Bayan Khundii,

Zoovch-Ovoo to start trial uranium mining in October A pilot production programme at the Zoovch-Ovoo uranium deposit at Zuunbayan Bag, Dornogovi aimag will begin in October 2018, according to Terry Pleasant, Executive Director of Badrakh Energy, the name under which Areva Mines has been operating since January 2018.

OT gold output to double in 2018 Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 240,000 to 280,000 ounces of gold in concentrates in 2018, according to a production and financial guidance released by Rio Tinto-controlled Canadian miner Turquoise Hill,

Aspire starts work on Erdenet-Ovoot railway Work on laying the tracks of Australia-listed Aspire Mining’s 547-km-long Erdenet-Ovoot railway formally began on 20 June. The project has been entrusted to Northern Railways LLC, a subsidiary of the company, and is expected to be ready for traffic in 2022. When complete, the railway will go up to the Russian border at Arts Suuri, where it will be connected to the Russian Trans Siberian Railway through Kyzyl city’s port, and thus become part of the Russia-Mongolia-China Economic Corridor.

Energy Resources gets ready to expand operations Expecting the market to be more positive, Energy Resources, which runs the Ukhaakhudag coking coal mine in the southern gobi, is planning to be ready to operate all three units of its coal handling plant there from the autumn. Currently two units are active. The company feels it will need to raise production capacity if demand increases, as many feel it will.

“Only consistency can bring back trust, but it takes time” Australia-listed Aspire Mining Ltd, the largest coal tenement holder in the Orkhon-Selenge Coal Basin in northern Mongolia, is also the sole owner of its flagship Ovoot project, the second largest coking coal deposit by reserves in Mongolia. MMJ talks to David Paull, Managing Director of the company, on various issues in the Mongolian mining sector.

Oyu Tolgoi achieves record production performance in 2016 The recently released fourth quarter and annual production results report of Oyu Tolgoi LLC shows that the company’s open pit mining and concentrator operations in 2016 achieved record levels for material mined and ore treated, and exceeded both copper and gold production guidance for the year. Concentrator performance during the fourth quarter was strong with the highest throughput since production began.

Erdenes Mongol’s NEW CEO appointed Ts. Tumentsogt is today designated as CEO of Erdenes Mongol, a state owned investment company.

Mongolian members of the Oyu Tolgoi board appointed Three members of Mongolia at the Board of Oyu Tolgoi LLC were designated. B. Munkhbaatar, CEO of Erdenes Oyu Tolgoi, N. Bagabandi, former President of Mongolia and pioneer member of Oyu Tolgoi board, and Ch. Altannar are appointed newly as a member of the Oyu Tolgoi board.

Jacobs Engineering to build OT underground mine The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services.

Jacobs Engineering to build OT underground mine The main contract to build the $5.3-billion Oyu Tolgoi underground mine has been awarded to USA-based Jacobs Engineering, one of the world’s largest and most diverse providers of technical, professional and construction services. Jacobs will provide engineering, procurement and construction management (EPCM) services for the project and will be responsible for implementation of the materials handling systems and associated surface and underground infrastructure.

Baganuur will still lose money, even if State owns only 51% Baganuur Mining, which supplies Ulaanbaatar’s power plants with coal, plans to issue 9.87 million new shares in June to raise capital.