autumn session that year, a group of legislators called on the government to seek a renegotiation of the OT deal. At issue was the point at which the government has the right to increase its stake in the mine from 34% to 51%. According to the initial agreement, Mongolia can boost its stake to 51% once Rio Tinto has recovered the costs of developing it, or after 30 years....
Displaying 2227 - 2232 of 2619
Articles & Analysis | High stakes: Working out revenue shares at Oyu Tolgoi causes disagreement from The Report: Mongolia 2013
Articles & Analysis | Ground rules: New law grants the government more influence over foreign investment from The Report: Mongolia 2013
Mongolia’s reputation as a suitable destination for foreign investment suffered in 2012, as mining companies along with those in other sectors came under a new and restrictive legal regime: the Strategic Entities Foreign Investment Law of Mongolia, which passed in May. This legislation, combined with a high-profile merger, the government’s...
Articles & Analysis | On fire: While coal remains king, other energy sources are also heating up from The Report: Mongolia 2013
With ageing facilities, constraints that discourage efficiency and growing demand, Mongolia’s energy sector faces a number of challenges. Geography makes it reliant on one supplier for refined fuels, with a tenuous supply and a high purchase price. Several projects in the works now have the potential to reverse this trend, if they are successful....
Articles & Analysis | Mixing it up: Renewables look set to become increasingly important from The Report: Mongolia 2013
Though largely part of the informal economy, Mongolia is nevertheless no stranger to renewable energy – solar panels are a common sight perched outside gers (herders’ felt tents) across the country, used to power televisions and lamps. These account for only an estimated 0.1% of the country’s electricity mix, however. Yet the renewables story...
Articles & Analysis | Buried treasure: Vast untapped resources to be exploited, but legal challenges exist from The Report: Mongolia 2013
With the economy growing 17.3% in 2011, the numbers show a broad-based expansion, but ultimately the mining sector was and will continue to be Mongolia’s main GDP driver. The country is on the verge of breaking through as the next major resources economy, and is perfectly situated just to the north of perhaps the world’s most resource-hungry economy...
Articles & Analysis | Flowing fast?: Coal-to-liquid technology is considered a possible new energy source from The Report: Mongolia 2013
The ongoing search for fuel alternatives in Mongolia was stepped up after a shortage in the summer of 2011, and energy sector leaders are now exploring alternatives and supplements to buying from Russian state energy firm Rosneft. One possibility is coal-to-liquids (CTL) technology, a good fit given the country’s huge coal reserves. Several...