The Executive
Council of the Mongolia-Russia joint venture Mongolrostsvetmet will meet in
Moscow on December 13, for the first time since May. The most significant issue
on the agenda is likely to be the Asgat silver deposit which has 3,000 tons
of  reserve. Mining the strategically
significant depositt, however, has several problems. Its geology is difficult,
the silver is blended with other elements, transportation and other
infrastructure have not been developed and the location is remote. Environmental
aspects will need careful consideration before mining can begin as silver releases
the extremely poisonous element arsenic.

There
is no categorical information that Mongolrostsvetmet, established 37 years ago
as a JV with Mongolia owning 51% share, holds the Asgat mine license but
Russian interest has been traced to the deposit also holding copper,
molybdenium, gold and silver. meeting.

The meeting will also review the company’s work this year and decide on the
capital neded in 2011. A team of 10 from here, including the accountant, an
economist and administrative officials, will leave for Moscow on December 11.
 It will also discuss allegations that the money got from selling
apartments built on company land was not shown in the company’s accounts.