Japan is making a concerted effort to
strengthen its relationship with Mongolia, one of the world”s richest stores of
minerals. However, China and other leading resource developers are also paying close
attention to Mongolia, threatening Japan”s hopes to take advantage of the
abundant reserves
Mongolia”s decision to revoke hundreds of gold
mining licenses has alarmed investors but the government”s efforts to clean up
its mining sector could have long term benefits, says a Wall Street Journal
report quoting the head of a foreign fund.
Energy and Mining Minister
Arshad
Sayed, until recently country manager and resident representative for the World
Bank in Mongolia, has left the Bank after more than 15 years to join Peabody
Energy, the biggest U.S. coal miner, as president of its Mongolia and India
unit. “Arshad has extensive
The
Human Resources Department of Oyutolgoi LLC is busy formulating ways to ensure
that Mongolians constitute 90 percent of the work force when production begins.
In September, 100 Mongolian nationals began a 10-month course at Erdenet
Technical Training School and another 43 started a
The Grand Plaza area in Bayangol district is the worst polluted in
Ulaanbaatar, according to a survey by the Air Quality Office in November. The
volume of the nitric dioxide there was found to be over 29 times the accepted
level, as against
Heavyweight
trucks carrying coal have led to cracks on the roads to Gashuun Sukhait and Shiveekhuren
and the dust that is raised has been causing accidents. The Professional
Monitoring Agency (PMA) says these have resulted in 11 deaths so far this year.
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