Mongolia will soon be one of the world’s key producers of coking coal, one of the two main ingredients for making steel. In 2011 the country overtook Australia as the single largest supplier of coking coal to China, the world’s biggest importer. As of late 2011 local coal mining firms were reporting lower prices than earlier in the year, as Europe’s...
Production at Oyu Tolgoi is now expected to commence in August 2012. What is your assessment of the progress in completion of phase one?
As the mining sector moves from potential to actual production, one of the main challenges is to streamline the licensing system. Decisions in the past have left the country exposed to licence hoarding, environmental concerns and corruption.
How sustainable is the current rapid rate of growth we are seeing in the mining industry?
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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