Altogether 21 Mongolian financial analysts participated
in a seminar last month on Economic and Financial Analysis of Mining
Developments and Fiscal Regimes sponsored by USAID/Mongolia’s Economic Policy
Reform and Competitiveness (EPRC) project. Facilitated by Dr. Robert Conrad,
Associate Professor from Duke University, the seminar aimed to strengthen the
skills of analysts to build the most beneficial financial and economic models
for mineral projects in Mongolia. The participants received hands-on experience
of analyzing and modeling various exploration and mineral extraction investment
agreements, in addition to discussing how to manage the revenue that will
accrue from the government’s participation in these.

The participants included analysts from the Ministry of
Mineral Resources and Energy, the Ministry of Finance, MON-ATOM LLC,
Erdenes-MGL, the Parliament Research Center, the National Development and
Innovation Committee, and the Parliament Research Center. Professionals skilled
in the analysis, negotiation, and implementation of investment agreements and
mineral revenue management will be increasingly in demand as Mongolia moves
forward with several large mining projects.