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.
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.
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.
See the new issue of the
Mongolian Mining Journal for the full draft document, as well as for detailed
information on how exploration licences will be granted from now on and which
mines will be left out of the strategic deposits list.
Minister of Economic Development N.Batbayar, Minister of Mining
D.Gankhuyag and Mongol Bank Governor N.Zoljargal recently met
representatives of gold miners to discuss how the goal of extractingone
million ouncesor 31 tons of gold this year could be met.