One of the top priorities in Mongolia in 2012 will be resolving the issue of development and production at Tavan Tolgoi (TT), the world’s largest undeveloped coal deposit, which holds an estimated 6.4bn tonnes of coking and thermal coal.
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Articles & Analysis | Desert deposit: Coal from the south is set to transform the sector from The Report: Mongolia 2012
Interviews & Viewpoints | OBG talks to G. Battsengel, CEO, Mongolian Mining Corporation (MMC) from The Report: Mongolia 2012
Articles & Analysis | Added support: Secondary services firms are expected to benefit from future growth from The Report: Mongolia 2012
Mining is not as labour-intensive as most other economic activities. Although the mining sector is expected to propel Mongolia’s economy forward in leaps, it is not forecast to be a major driver of employment. In the mining services niche, however, it is anticipated that many of the country’s small-scale entrepreneurs and small and medium-sized...
Expectations that Papua New Guinea (PNG) will emerge as a major energy supplier for Asia’s growth leaders in the next decade have been heightened by reports of progress on two major liquefied natural gas (LNG) plants currently under development.
Mining is the driving force of the Mongolian economy, contributing 30% of GDP, and upcoming projects will surely increase this ratio. The two biggest are Tavan Tolgoi, a massive coal mine, and Oyu Tolgoi, a copper and gold mine, which should both be in full operation by 2013. In addition, Mongolia has potentially viable deposits of rare earth minerals, although extraction has yet to begin for...
Mongolia’s energy sector has long depended entirely on the one resource it possesses in abundance: coal. This paradigm is unlikely to change drastically in the near future, but the country is looking to diversify its energy portfolio while modernising infrastructure. Solar and wind power are candidates for development, given Mongolia’s 257 cloudless days per year and its wide, open spaces. With...