The dramatic expansion of Mongolian mine sites from initial diggings to
their present size has been captured using satellite imagery for the
first time by researchers at The University of Queensland’s Sustainable
Minerals Institute (SMI).
In a bid to gauge the extent of radioactive contamination in Mongolia,
Ryoko Imaoka, an associate professor of Mongolian studies at Osaka
University, has been supplying used cameras to herders so they can
document the frequency of deformed livestock, which appears to be on the
increase, particularly near uranium mines.“With the transition to a
market-based economy rapidly in progress, environmental pollution is
becoming a serious problem,” said Imaoka, 51.
Looking back, 2008 was a landmark year for the mining industry of
Mongolia. Mining began in many deposits, reserve estimates in several
already discovered deposits were re-estimated, and talks began on
operating Oyu Tolgoi and Tavan Tolgoi.
NTR Metals, the US based company for trade and processing of the
precious metals, is implementing its successful operation globally. The
company has decided to enter the Mongolian gold industry. Kenneth W.
Beilstein explains about what services does the new branch of NTR
Metals in Mongolia bring here and the opportunities for the Mongolian
gold industry’s development.
Currently, multinational corporations are finding ways to take profits
out of developing countries without taxation. Both Mongolia and Zambia
claim they are losing billions of dollars in tax revenue because of
loopholes and are seeking ways to prevent this from happening in the
Genie Energy announced that its subsidiary, Genie Oil Shale Mongolia
(GOSM), has received authorization to work with the Petroleum Authority
of Mongolia (PAM) to “explore and evaluate” oil shale resources in
In a piece entitled “Traditional
Mongolia transformed by mining riches” which aired on Monday night,
Justin Rowlatt, a journalist for the BBC’s Newsnight, reported that
Mongolia has the opportunity to make all Mongolians materially better
off because of the immense mineral wealth that the country possesses.
Guinean former Minister of Mines Mahmoud Thiam claims that the Rio Tinto
Group will likely suspend its efforts to develop one of the largest
sources of iron ore in the world because the country’s government cannot
afford to invest in needed transportation infrastructure.
Aspire Mining has issued an Interim Report on the operations in its four
exploration projects in Mongolia, three of which (Ovoot, Nuramt, and
Jilchigbulag) are focused on coking coal and the other (Zavkhan) on iron
Minister for Mining D. Gankhuyag has reported that 31.1 million tons of
coking coal was mined in 2012, of which 20.5 million tons was exported
for approximately $590 million. Also, 14,483,138 barrels or about 2.3
million tons of crude oil was drilled, of which 14,090,509 barrels were
exported for MNT332.3 billion.