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Mongolian Mining Journal names best of the sector

By Ch.KHALIUN

On Saturday, the Mining Journal Awards (MJA) was organized for the fifth time to name the best of the mining sector. The MJA is organized annually by the Mongolian Mining Journal, and based on the independent assessments of judges and total scores, the best are named.
Erdenes Tavan Tolgoi JSC was awarded for “Sustainable Performance”, and Executive Director of Erdenes Tavan Tolgoi JSC Ya.Batsuuri highlighted, “It’s not easy to always hear criticism, but we are happy that judges discovered our successes.”
The company has been operating for three years and four months. By the end of 2014, they exported 4.3 million tons of coal, decreasing their expenses by 20 percent. By not passing through Tsagaan Khad (White Rock) customs, they started transporting coal directly from their underground mine to export and save on transportation expenses.
Erdenes Tavan Tolgoi JSC met the criteria of the MJA by maintaining employment sustainably, by opening Tsankhi Town, and by successfully negotiating with the contract mining company of the Eastern Tsankhi to reduce expenses.
The mining sector’s judges appreciated that the company had exported the most in a difficult year, in times when the price of coal declined by up to 40 percent in the market, and for realizing conservation management.
In addition to Erdenes Tavan Tolgoi JSC, one more company received the grand prix with the same score for the same nomination.
SouthGobi Sands Ltd also transferred to savings mode, sustainably maintaining jobs. The company opened a 43 km paved road from Nariinsukhait to Shiveekhuren, supporting local development, and raising funds on the stock market.
The company also successfully implemented its environmental management plan at 98.4 percent, receiving the prize for “Sustainable Performance”. SouthGobi Sands reported at the MJA that the company reduced their direct exploration expenses to more than two times less than expenses in 2012.
The category of “Sustainable Performance” was added to the MJA in 2013, when the economic crisis began.
The total amount of mining exports increased in 2014, and revenue for mineral products also increased compared to 2013, comprising 89 percent of the nation’s exports. The mining sector highlights that in 2014, named “the crisis year”, gold producers delivered 13 tons of gold to Mongol Bank, and the amount is expected to increase in the future.
The category for “Eco Mining” had many participants. In previous years, up to 30 companies competed in the category, but this year’s winner was Monpolymet Group.
In 2014, the company conducted technical rehabilitation on 74.3 hectares, biological rehabilitation on 37.3 hectares, and planted a great number of trees and bushes, involving local people and ensuring them with jobs.
The nine criteria for a nomination in “Eco Mining” were created by the officials of the Ministry of Environment, and participants underlined that the nomination is one of the highest honors, with the most strict criteria of all categories.

For “Best Technology of the Year”, Focus Metal Mining was awarded for deeply processing iron ore and successfully producing final products. The company competed with an iron wet concentrator plant, a strong competitor.
Oyu Tolgoi Ltd was awarded for “Best Responsible Mining”. The company’s concentrator plant worked at full capacity in 2014, processing 27.5 million tons of ore, introducing global safety standards to Mongolia.
For the category of “Best Mine of the Year”, Altan Dornod Mongol Ltd was awarded. The company fulfilled their plans at 100 percent, increasing their sales revenue by 60 percent compared to 2013.
The company also exploited 1,548 kg of gold, adding 3.7 billion MNT to the local budget.
Honorary guest of the 2014 MJA, academic P.Ochirbat said that miners worked very well, but the state’s poor policy has been continuously complicating the sector.

 

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Posted by on Jan 25 2015. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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