Mongolian and Chinese coal sector delegates meet | Ubpost News

Mongolian and Chinese coal sector delegates meet | Ubpost News: "Since the spring, Inner Mongolian coal sector organizations have requested to hold a meeting with Mongolian mining and coal export company delegates. The meeting eventually took place on July 1 and July 2 at Hohhot, Inner Mongolia.
Twenty Mongolian delegates from the Ministry of Mining, Mongol Coal Association, Mongolian National Mining Association, Mineral Resources Authority, General Customs Office, Border Protection Office, Ministry of Road and Transportation, Mongolia Immigration Agency, Mongolian General Department of Taxation, and Umnugovi Province Governor’s Office and other coal-related administrators and experts attended the meeting.
Below is an interview with L.Davaatsedev, director of a managing board of the Mongol Coal Association. "

'via Blog this'

MONGOLIA first metallurgy processing plant would be operational

MONGOLIA first metallurgy processing plant would be operational: "Mongolia is exporting nearly all excavated minerals due to absence of metallurgy processing plant in its territory thereby in order to seize the export flow of iron ore and work more profitable producing end-products locally Mongolian Metallurgy.

Manufacturer Union which was formed recently in the midst of this month has decided to implement a project to build its own plant in Mongolia."

'via Blog this'

Mongolia: Harsh winter puts harvests under pressure | Ubpost News

Mongolia: Harsh winter puts harvests under pressure | Ubpost News: "The Ministry for Food, Agriculture and Light Industry warned delegates from 21 aimags (provinces) during a video conference in November that 80% of Mongolia’s territory was covered with snow, saying: “This winter seems already to be harsh and the provinces might suffer from winter drought”. It also cautioned that seven provinces were unable to provide sufficient pasture grass for feeding livestock.
The season, which typically lasts from mid-October until mid-May, can send temperatures plummeting to -30 degrees centigrade, with some farmers known to have lost up to 70% of their livestock in 2009 and 2010 due to dzuds.
Prospects of a harsh winter are likely to increase pressure on the short harvest season, and the ministry has put a number of narrowly missed targets for key crops down to frost in its October yield estimates. Cereals and wheat both fell short of their targets, albeit by just 10,000 tonnes, although the potato harvest of 232,000 tonnes exceeded its 209,000-tonne goal. Preliminary results suggest the country also notched up 100% self-sufficiency in wheat crops this year, while achieving 52% in “other major food items”."

'via Blog this'

Mongolia Minerals targets 2014 for first production | Industrial Minerals

Mongolia Minerals targets 2014 for first production | Industrial Minerals:

'via Blog this'

Mongolia's proposed law to affect mining

Mongolia's proposed law to affect mining: "The council's letter to Mongolian President Tsakhia Elbegdorj's office, obtained by the Financial Times, warns: "The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment. ... Collateral damage is likely to include all other sectors of supply, including but not limited to the construction and real estate sectors, imposing a significant chain-reaction burden on the banking and financial institutions which they may not be able to withstand and leading to a deepening crisis.""

'via Blog this'

Economist Intelligence Unit Forecasts Mongolia as the Second Fastest Growing Economy | Ubpost News

Economist Intelligence Unit Forecasts Mongolia as the Second Fastest Growing Economy | Ubpost News: "Mongolia is expected to be the second fastest growing economy in the world with 13.5 percent GDP rise in 2013, according to the latest estimations by the Economist Intelligence Unit (EIU). EIU is an independent business under the media giant Economist Group based in London.
Through research and analysis, EIU offers forecasting and advisory services to its clients. It provides country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.K. company acquired by the parent organization in 1986. It is particularly well known for its monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports. The company also specialises in tailored research for companies that require analysis for particular markets or business sectors. 2006 marked the 60th anniversary of the Economist Intelligence Unit’s inception."

'via Blog this'

Mongolia: Mobile Telephony Rings the Changes | Ubpost News

Mongolia: Mobile Telephony Rings the Changes | Ubpost News: "The mobile telephony market in Mongolia is fast maturing, with expanding 2G and 3G coverage set to drive up connections and penetration surpassing 100% by the end of the year.
Industry growth has been boosted by fierce competition among the four players in the marketplace, Mobicom Corporation, Unitel Group, Skytel and G-Mobile, who are vying for just 2.8m possible subscribers.
However, progress has yet to make a significant contribution to private sector growth or translate into major investment, despite the expectation of an approaching data boom."

'via Blog this'

Mongolia learning from Aus how to make most of mining boom | Clarence Valley Daily Examiner

Mongolia learning from Aus how to make most of mining boom | Clarence Valley Daily Examiner: "AS IT prepares to face the corporate hordes keen for its minerals, Mongolian government officials have headed for Australia to learn how to make the most of it.

The developing Asian nation, on the doorstep of a resource-hungry China, has an exploding industry funded in part by billions of dollars from multi-national mining firm Rio Tinto.

When the Oyu Tolgoi [corr]copper and gold project reaches peak production in 2018, it will supply one-third of the country's gross domestic product.

With this in mind, Mongolia must carefully choose its path because other developing nations have squandered opportunities of this scale, finding themselves poorer, not richer, once these minerals are exhausted."

'via Blog this'

Battle to meet energy needs for residents and industry in Mongolia | South China Morning Post

Battle to meet energy needs for residents and industry in Mongolia | South China Morning Post: "T. Nasan-Ish, 50, has just returned from a community meeting in Khanbogd in Mongolia's south Gobi desert. "We have exciting news", he says. "We're expecting to get unlimited electricity in the coming 40 days".

Nasan-Ish, a local retailer, has reason to be excited. A small, impoverished town, Khanbogd's citizens are used to daily blackouts - despite big international mining projects in the region.

"Blackouts usually start at 5pm for one or two hours, but during the daytime we mostly have power," he says.

The locals don't have access to the country's central heating system, instead using traditional coal-fired stoves to stay warm in the winter months - which can see temperatures drop as low as minus 40 degrees Celsius.

Mongolia, also known as "mine-golia" because of its vast untapped mineral wealth, is undergoing rapid growth. The Central Asian country's rich mineral resources including coal, gold, copper and rare earths is transforming the traditionally nomadic country into an economic powerhouse - last year, Mongolia's GDP growth was a staggering 17.2 per cent."

'via Blog this'

Ansip Talks Trade with Mongolian Leader at ASEM | Politics | News | ERR

Ansip Talks Trade with Mongolian Leader at ASEM | Politics | News | ERR: "While attending the Asia-Europe Meeting (ASEM) in Laos on Monday, Prime Minister Andrus Ansip met with Mongolian President Tsakhiagiin Elbegdorj to discuss trade, e-government and oil shale.
"Ansip said Estonian companies are interested in Mongolia as a trade partner with high potential," according to an Estonian government press release.
Elbegdorj, for his part, said the meeting covered three topics of interest to Mongolia: e-government, logistics and the Estonian oil shale industry."

'via Blog this'

Mongolia shale-gas development on 'slow track' - MarketWatch

Mongolia shale-gas development on 'slow track' - MarketWatch: "BEIJING--The development of the shale gas industry in resource-rich Mongolia has been hampered by the lack of a clear regulatory jurisdiction over the sector, a Ulan Bator-based senior attorney with global law firm Hogan Lovells said Friday.

Mongolia has seen a recent mining boom led by coal, gold and copper, but shale gas--a natural gas trapped in a type of rock called shale--has yet to fully emerge as a viable investment, although deposits have been identified in the landlocked country.

Apart from the global economic slowdown that has weighed on mining commodities, the lack of policy attention to the sector in Ulan Bator has left shale gas development on the "slow track," Michael Aldrich, a Hogan Lovells partner who previously advised corporate clients on the country's landmark Tavan Tolgoi coal project, told Dow Jones Newswires."

'via Blog this'

Tax Proposal in Mongolia Threatens Rio Tinto Project - NYTimes.com

Tax Proposal in Mongolia Threatens Rio Tinto Project - NYTimes.com: "ULAN BATOR, Mongolia — Rio Tinto’s biggest new mining project is under threat after the government of Mongolia said it was considering whether to renegotiate an investment agreement involving the $6 billion Oyu Tolgoi copper mine.

Mongolia’s new government is in the process of passing a 2013 budget whose draft proposal includes increasing taxes and royalties on the mine by $300 million.

The mining industry has been a boon for the sparsely populated Mongolia, driven in large part after an agreement in 2009 for the copper mine at Oyu Tolgoi."

'via Blog this'

The FINANCIAL - EBRD funds first privately owned copper mine in Mongolia

The FINANCIAL - EBRD funds first privately owned copper mine in Mongolia: "The FINANCIAL -- In its largest investment in Mongolia to date, the EBRD is raising the standards in the country’s mining industry with a US$ 250 million loan for the development of the Tsagaan Suvarga copper mine located in the Dornogobi province, south-eastern Mongolia.

Through the project the Bank is aiming to help develop a sustainable mining sector in Mongolia. The project also has a strong demonstration effect, as it introduces high environmental and social standards in the Mongolian copper industry, as well as supporting the further growth of a domestically grown company. Another US$ 100 million is expected to be syndicated by the EBRD on the international market."

'via Blog this'

Metals Mongolia 2012 upcoming | Ubpost News

Metals Mongolia 2012 upcoming | Ubpost News: "The specialized conference for Mongolian mining and metallurgy investors, known as Metals Mongolia 2012, will be held on November 8-9 at the Chinggis Khaan Hotel.
The Metal Mongolia conference was initially held last year in 2011 and more than 1000 delegates from more than 20 countries attended. B.Batkhuu of the former Ministry of Mineral Resource and Energy stated, “Not long ago, only a few foreign investors were discussing the heavy industry sector, in Mongolia but during the Metals Mongolia conference, many representatives of investors from many countries such as Japan, South Korea, and Germany attended, which confirmed the notion that the world’s investors are taking an interest in the heavy industry Mongolia.”"

'via Blog this'

Meeting on Mongolia’s Food Security Analyzes Shortcomings | Ubpost News

Meeting on Mongolia’s Food Security Analyzes Shortcomings | Ubpost News: "Kh.Battulga, Minister of Industry and Agriculture, opened a meeting which took place on the weekend with local food producers and importers with a statement on Mongolia’s lack of self-sufficiency. “A country with a population of around [almost] 1.4 billion is able to provide sufficient food material for its entire people and even export the leftovers. But I always found it strange that a country like ours, a country with vast land, more than 50 million live stocks and with a population of only around 3 million isn’t able to supply sufficient food material for its own people. This is disgraceful. I have come to meet all of you today to find a way to not be disgraceful.”"

'via Blog this'

Mongolia: Retail therapy | Ubpost News

Mongolia: Retail therapy | Ubpost News: "Expectations that Mongolia’s retail industry will be transformed by the nation’s rapidly growing mining sector appear on track, although rising inflation and a lack of human resources could threaten the sector’s potential.
In mid-June, Mongolia made its first appearance in the AT Kearney Global Retail Development Index, earning a creditable ninth place in a survey of the world’s top-30 emerging retail markets."

'via Blog this'

Mongolian Air Charter Export Freight Needs to Stay Lively for EFIS - Latest industry shipping news from the Handy Shipping Guide

Mongolian Air Charter Export Freight Needs to Stay Lively for EFIS - Latest industry shipping news from the Handy Shipping Guide: "FRANCE - MONGOLIA – Some consignments need to be handled with a little more care than others and when EFIS Air, part of the ECS conglomerate group which features a host of air cargo industry stakeholders, were approached to handle a particularly delicate shipment, the freight compound at Châteauroux-Déols airport in France took on more of the look of a farmyard than a cargo transit terminal.

EFIS AIR had chartered a Boeing 747 freighter for the flight to Ulan Bator to ensure the 150 limousin and 30 montbéliarde cattle arrived safely at their destination. The cows are being used in a programme to establish the breeds in Mongolia On arrival at the airport, EFIS Air arranged for the cows to be carefully loaded into specially created shipping pens to ensure their safety during the flight. Alain Boussard, Managing Director of EFIS Air, commented:"

'via Blog this'

Mongolia expects good harvests due to favorable weather - Globaltimes.cn

Mongolia expects good harvests due to favorable weather - Globaltimes.cn: "Mongolia started its autumn harvests Tuesday, expecting to see the fifth consecutive crop increase annually thanks to favorable weather conditions so far this year.

According to official estimates, the country is expected to harvest 468,000 tons of wheat, 208,900 tons of potato, 99,400 tons of vegetable and 28,600 tons of rapeseed.

Industry and Agriculture Minister Kh. Battulga said at a recent government meeting that thanks to the favorable weather conditions since early 2012, Mongolia was expected to have another bumper harvest."

'via Blog this'

Boosting tourism in Northeast Asia China, Russia, Mongolia and South Korea to promote cross-border ...

Boosting tourism in Northeast Asia China, Russia, Mongolia and South Korea to promote cross-border ...: "China, Russia, Mongolia and the Republic of Korea agreed on Sunday to boost tourism in Northeast Asia.

The agreement, a memo signed at a forum involving the United Nations Development Program and Jilin province authorities, aims to promote cross-border tourism.

"Tourism is an industry that concerns a broad range of economic, social activities and, therefore, business interests. It cuts across many policy areas for governments in Northeast Asia and that requires closer ties and committed cooperation," said Choi Hoon, director of the UNDP Tumen Secretariat."

'via Blog this'

BBC News - Whisky firm BenRiach on Mongolia mission

BBC News - Whisky firm BenRiach on Mongolia mission: "A Scotch whisky firm has set its sights on Mongolia as it bids to make further inroads into new and emerging markets.

BenRiach Distillery Company managing director Bill Walker is to hold tastings in the central Asian country as part of a trade mission next week.

Mr Walker said there were opportunities worldwide for the Scotch whisky industry, which had entered "a golden age".

He added that "east of Beirut, the world is booming".

Mr Walker said: "Emerging markets like China and India haven't got anywhere near where they will be yet."

'via Blog this'