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News briefs

  • 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 future.
  • 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 Central Mongolia.
  • 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 ore.
  • 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.
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