Category Archives: Mining

Guest Post: A quick reaction to the on-going Facebook conversations on Oyu Tolgoi agreement and the role of Mr Bayartsogt in signing it

By Undariya Tumursukh The news that the Swiss are investigating the possible corruption case involving the former Finance Minister S. Bayartsogt (DP) and Rio Tinto has triggered some agitated discussion, including on Facebook, about Mr. Bayartsogt’s central role in concluding … Continue reading

Posted in Corruption, Foreign Investment, International Agreements, Mining, Oyu Tolgoi, Undariya Tumursukh | 1 Comment

Mongolian Mining Forum at PDAC 2018

By Bulgan B Mongolia has made a tradition of sending a delegation to PDAC every year in the last 8 years (at least this is as far as I recall).  Although, the odds of the same minister of mining attending … Continue reading

Posted in Canada, Erdenes Mongol, Mining, Mining | Tagged | 1 Comment

SOMO Report “Mining Taxes”

By Julian Dierkes The Dutch Centre for Research on Multinational Corporations (SOMO) published a report focused on a whole list of issues related to financial and governance structures for the Oyu Tolgoi project. The report was written by SOMO’s Vincent Kiezebrink and … Continue reading

Posted in Canada, Corruption, EU, Foreign Investment, International Agreements, International Relations, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

SOMO Report Preamble: Assumptions

By Julian Dierkes It struck me while reading the SOMO report on Oyu Tolgoi governance and tax structures that there are a number of big assumptions and elements in the Mongolian context that are not discussed explicitly, but that are … Continue reading

Posted in Foreign Investment, International Agreements, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

How Are We To Think About Rio’s Balancing of Political Risk and Taxation in Light of SOMO Report?

By Julian Dierkes Rio Tinto’s response to the SOMO report claims that the convoluted corporate structure that has been created for Oyu Tolgoi is not aimed at saving taxes, but rather at reducing investment risk. For as long as Rio … Continue reading

Posted in International Agreements, Mining, Mining Governance, Oyu Tolgoi, Public Policy, Taxes | Tagged | Leave a comment

Unequal Match: Mongolia versus Rio Tinto

By Mendee Jargalsaikhan If one describes the bargaining game between Mongolia, a small and isolated resource-rich state, and Rio Tinto, a giant multinational corporation, through the Mongolian national pastime sport – wrestling, it is truly an unequal match between the … Continue reading

Posted in Economics, Foreign Investment, International Agreements, Mendee Jargalsaikhan, Mining, Mongolia and ..., Oyu Tolgoi | Tagged | Leave a comment

Mongolia at Davos 2018: Party like it’s 2009?

By Marissa Smith In recent years, Mongolia has regularly sent a delegation to the World Economic Forum at Davos. This year was somewhat less eventful than some years, when President Elbegdorj himself attended and presided over a “Mongolia Night” and … Continue reading

Posted in China, Development, Economics, Environment, Environment, Erdenet, Foreign Policy, Infrastructure, International Cooperation Fund, International Relations, Mining, Mining, Mining Governance, Mongolia and ..., Oyu Tolgoi, Policy, Politics, South Korea | Tagged | Leave a comment

Guest Post: Agreement between Canada and Mongolia for the Promotion and Protection of Investments – a Glance at Its Nature, Significance and Features

By Bajar Scharaw On 8 September 2016, Canada and Mongolia signed an international Agreement for the Promotion and Protection of Investments (the Canada-Mongolia Investment Agreement). The Agreement entered into force on 24 February 2017 and created legally-binding obligations for both … Continue reading

Posted in Bajar Scharaw, Canada, Foreign Investment, Foreign Policy, International Agreements, Law, Trade | 2 Comments

President Kh. Battulga addressed the Parliament

By Bulgan B Mongolian President Kh Battulga addressed the Parliament during the opening of the fall session on October 2, 2017. While skipping the pleasantries, President listed the major challenges that Mongolia is confronted by and his opinions on those … Continue reading

Posted in Mining, Mining, Mining Governance, Nationalism, Politics, Populism | Tagged | Leave a comment

Guest Post: Resource Governance Index Points to SOEs as Key Reform Target  

By N Dorjdari NRGI’s Resource Governance Index measures good governance in the extractives sectors of 81 countries. This year, Mongolia’s mining sector ranked 15th out of 89 assessed extractive sectors, with an overall score of 64 out of 100 points—a … Continue reading

Posted in Dorjdari Namkhaijantsan, Global Indices, Mining, Mining, Mining Governance | Leave a comment

Guest Post: CIRDI Workshop Mongolian Young Professionals Shining

By Delgermaa B Short reflection on the capacity building training organized on June 19-23, 2017, Ulaanbaatar, Mongolia Mongolian Young Professional are Shining Just few weeks ago I had a chance to participate in the capacity building training organized by the … Continue reading

Posted in Canada, CIRDI, Delgermaa Boldbaatar, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy | Leave a comment

Guest Post: Erdenet Update 100%, Again Contested

By Marissa Smith At the close of the fall session of the Ikh Khural, Mongolia’s Parliament, the body voted to invalidate the sale of the 49% shares of Erdenet carried out in summer 2016, which transferred the ownership of the … Continue reading

Posted in Corruption, Erdenet, Marissa Smith, Mining, Mining, Mining Governance, Policy, Politics | 3 Comments

Impacts of International Exchanges

By Julian Dierkes [With thanks to CIRDI’s Marie-Luise Ermisch for contributing some of these.] During the first workshop we co-organized with the Mongolian Ministry of Foreign Affairs’ International Cooperation Fund, a number of impacts arose in an incidental manner, but … Continue reading

Posted in CIRDI, Development, International Agreements, Kyrgyz Republic, Mining Governance | Tagged | Leave a comment

The Nationalization of Erdenet Copper – Challenges for SOEs

By Mendee J At a recent Standing Committee hearing, Ts. Nyamdorj, Vice Speaker of the Mongolian Parliament asked to meet with the new shareholders of the Erdenet Mining Corporation, especially the secret boss (link). The deal, which saw 49% of … Continue reading

Posted in Corruption, Erdenet, Mendee Jargalsaikhan, Mining, Mining Governance | Tagged | Leave a comment

Bishkek ICF-CIRDI Workshop “Sound Management of Natural Resources: The State’s Role in the Resource Sector”

Co-Organized, Funded, and Hosted by: International Cooperation Fund (ICF), Ministry of Foreign Affairs of Mongolia, Global Affairs Canada through the Canadian International Resources and Development Institute, Oslo Governance Centre for Peace, Democracy and Human Rights, and University of Central Asia … Continue reading

Posted in CIRDI, Development, EITI, International Cooperation Fund, Kyrgyz Republic, Mining, Mining Governance, Mongolia and ..., Myanmar, Timor Leste | Tagged | Leave a comment