Tag Archives: Mining

Mongolia Minerals Law Threatens Coal Project, Group Says Reply

by • Mongolia News • Tags: , , , , , , , , ,

A worker stands by the arm of a digger in a coal mine in Mongolia. Mineral product exports account for more than 90 percent of the country’s exports.

A worker stands by the arm of a digger in a coal mine in Mongolia. Mineral product exports account for more than 90 percent of the country’s exports.


Reposted from Bloomberg
By Michael Kohn & Yuriy Humber

Proposed changes to Mongolia’s mining laws threaten the viability of the nation’s biggest coal project at Tavan Tolgoi and will further deter foreign investment, the Business Council of Mongolia said.

The legislation, which will give the state the right to a free stake in many mineral projects, will take the country away from the free-market principles practiced there since the early 1990s, Mongolia’s largest business group said More…

Economist Intelligence Unit Forecasts Mongolia as the Second Fastest Growing Economy Reply

by • Mongolia News • Tags: , , , , , ,

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Reposted from The UB Post
By B. Khash-Erdene

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. More…

National Statistics Office Releases Social and Economic Evaluation Reply

by • Mongolia News • Tags: , , , , , , , , ,

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Reposted from The UB Post
By B. Khash-Erene

The Deputy Head of the National Statistics Office (NSO) of Mongolia, B.Erdenesukh and the Head of the Macro Economics Department of NSO B.Badamtsetseg has officially released this year’s social and economic evaluation for the period up until November 2012 during a press conference.

Below are some of the highlights of the evaluation. More…

Boom in Mongolia Deflates After Deal That Started It Is Threatened Reply

by • Mongolia News • Tags: , , , , , ,

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Reposted from “The Deal Book” New-York Times
By William Macnamara

ULAN BATOR, Mongolia — The concept of a “blue sky country” has become almost a cliché in presentations about Mongolia, the world’s fastest-growing economy last year. The phrase, which evokes the Montana-like landscape of the steppe, paints a picture of sunny investment horizons in this frontier democracy rich in coal, copper and gold. More…

In Mongolia, a backdoor to the Hermit Kingdom Reply

by • Mongolia News, Other Countries • Tags: , , , , ,

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Reposted from The Global Post
By Michael Moran

What North Korean delegations discuss when they go to Mongolia remains unclear, but their visits are worth a second look.

ULAN BATOR, Mongolia — They come and they go without much international fanfare: delegations of North Korean ministers in Mongolia, invited by the pro-Western government to discuss trade, cultural ties and questions of “mutual interest.” More…

Laos: Steady Growth Charges the ‘Battery of Asia’ Reply

by • Laos News • Tags: , , , , , , , , , ,

Sleepy Laos' impressive economic growth is beginning to stir investor's interests

Laos’ impressive economic growth is beginning to pique investor’s interests


By John Enos

Laos – the sleepy, land-locked nation often overlooked in favor of neighboring Thailand or Vietnam – is finally garnering the international attention that it deserves. The “Jewel of the Mekong” posted 8.0% GDP growth in 2011 and has been the fourth steadiest-growing economy in the world over the last nine years. Despite being the smallest economy in Southeast Asia, it is also slated to be the fastest-growing in the region this year, on track to post 8.3% GDP growth according to the IMF. More…

SouthWest Energy of Ethiopia to Raise $100 Million in Equity Reply

by • Africa News • Tags: , , , , , ,

SouthWest Energy Ltd. seeks to raise $100 million to finance well drilling in eastern Ethiopia

SouthWest Energy Ltd. seeks to raise $100 million to finance well drilling in eastern Ethiopia


Reposted from Bloomberg
By Sarah McGregor

SouthWest Energy Ltd., an Ethiopian oil and gas exploration company, said it plans to raise $100 million via a private placement in the first quarter of 2013 to help finance a three-well drilling program in the Ogaden basin. More…

Answer to Mongolia pollution is blowing in the wind Reply

by • Mongolia News • Tags: , , , ,

The Mongolian capital is ranked the planet's second most polluted city by the World Health Organization

The Mongolian capital is ranked the planet’s second most polluted city by the World Health Organization


Reposted from AFP
By Neil Connor

ULAN BATOR — Mongolia’s economic boom has been built on the vast coal reserves that lie under its seemingly endless steppes, but it is turning to wind to power itself and fight the pollution that chokes Ulan Bator. More…

Mongolia enjoys a new mining wealth but at what cost? Reply

by • Mongolia News • Tags: , , , ,

A worker walks along the blue conveyor belt that moves rock from the crusher to the concentrator area at the Oyu Tolgoi mine in the south Gobi desert, Khanbogd region, Mongolia.

A worker walks along the blue conveyor belt that moves rock from the crusher to the concentrator area at the Oyu Tolgoi mine in the south Gobi desert, Khanbogd region, Mongolia.


Reposted from The Toronto Star
By Kit Gillet

NALAIKH, MONGOLIA—Holding his youngest daughter in his arms, Baasanbayar looks over the bleak landscape that has been his home for 12 years.

In the foreground, slag heaps and dozens of rudimentary mine shafts are visible. In the distance, the long-abandoned buildings that once belonged to the state-owned mining company are crumbling, their windows smashed and many of their walls caved in. More…