• Intense discussions between the Mongolian side and Rio Tinto are on, and three separate committees with members from both sides are holding talks on how the initial investmenton OT had been spent, if the Feasibility Study needs change, and how to find finances to develop the underground mine. Meanwhile, no one is certain how long additional financing for the underground mine at Oyu Tolgoi is to remain suspended.
  • It’s been said that with access to the ocean, Mongolia could serve the world, but without it, she will only serve her neighbours. Seaborne trade will allow Mongolia to offer her abundant natural resources in the global market and fulfil her economic potential, but for this the country needs transit transport facilities through both its neighbours.  Mongolia has been holding regular strategic talks with them to reach this goal.
  • The draft State policy on the mineral sector, now before the State Great Khural, is likely to be discussed and, many hope, approved during the Fall session. Three independent working groups helped prepare the draft. One of these was led by B.Batkhuu, director of Policy Implementation Department at the Ministry of Mining. N.Aruintuya of MMJ talked to him to know more about the draft.
  • Faced with a yawning budget deficit, Prime Minister Julia Gillard last year came up with a 30%-tax on the “super profits” from the mining of iron ore and coal in Australia. From 1 July 2012, a company was to pay the tax when its annual profits reached $75 million. Around 320 companies fell into the net. The impact on the economy was devastating. $75 billion worth of anticipated investment in the country’s mining sector did not materialise, and Gillard’s move was a major reason why her Labour Party lost the Parliamentary election last summer.
  • Interview with S. Haltarbanid, railroad engineer for MTZ (Mongolian Railroad).  A very experienced engineer who during his many years working with the Russians on the construction of the railroad has made over 30,000 km of railroad blueprints.  He is concerned that, in the end, the newly laid railroads will become useless.  Please read the reasons for his concern from the following interview, conducted by reporter N.Ariuntuya.
  • In this interview, the Mongolian Ambassador to Australia, R. Bold, addresses a wide range of issues related to Australia and of great importance to Mongolia.  Among the topics he discusses are whether Mongolia can learn from the Australian model of development and whether the Australian government is attempting to improve communication between Rio Tinto and the Mongolian government.
  • The presidential election marathon has begun.  We will see politics unfold until the 26th of June, the day the ballots are taken in, and maybe, even all summer long. 
  • What has been going on in Mongolia is unique, and it has been on my mind ever since it began. What’s important, however, is that we focus on what this means on the street.
  • Cooperation between Mongolia and Japan in the field of mineral exploration began in the first democratic revolutionary years of Mongolia back in the 1990s, and it is my contention that this should be strengthened in the coming years and cover another revolution – that of shale gas exploitation.
  • N. Zoljargal , Governor of Mongol Bank, has said the nation’s growth rate may slow by a third this year from a record 17 percent in 2011 as inflows of foreign investment cool. “It’s a reality check for us,” he said in an interview in Hong Kong, expressing the hope that the pace of expansion may be a “very healthy” 11 to 12 percent.
Do you agree with increasing state participation in the Draft New Mining Law?
  • 1. Agree
  • 2. Disagree



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