September 2013
This issue reaches you as the State Great Khural is holding a special session to discuss, among other things, the draft Investment Law and also the controversial “long-titled” law. We present in this issue an analysis of the draft regulations for implementing the former. Several companies submitted to the Working Group their suggestions on provisions in the draft. Readers will be interested in these as well as in studies on the likely economic impact of the draft, if it passes into law.
As we already told you, a contest is to be held to mark the fifth anniversary of MMJ in which photographers in the geology and minerals industry will be taking part. Some entries already received can be found in this issue, and an exhibition of all photographs received for the contest will be held for the public in due course. Please visit www.mongolianminingjournal.com for information on the contest, and please send your photographs, to help us present the reality of the minerals industry. And maybe you will be among the winners.
This year, MMJ will organize the fourth annual Mining Journal Awards, with, as always, well-known experts choosing the awardees. As the years go by, the event is becoming more and more important for its rating of the quality of mining companies. A database is being created as the indicators of every year’s activities are compared with the previous years’ and then everything is put together. So far this year, the minerals industry is in the doldrums and almost all mining companies are in crisis management mode. Fresh investment in the sector is suspended. An interesting review of the management strategies of companies in this challenging year is planned to be presented at the Mining Journal Awards 2013.
This year’s Mining Journal Awards will be held at the same time as the Conference on Theory and Practice, which will discuss the achievements and failures of the last 20 years in the minerals industry. State policy, laws, and decisions made in the last 20 years and how they affected the industry will be discussed thoroughly at this event. We at MMJ hope that the event will clearly demonstrate how political decisions impacted the sector, the life of miners, and the operation of small and medium supplier companies in the past 20 years, especially in the recent ones when minerals prices reached very high indeed.
The Mongolian Mining Journal takes it as part of its mandate to organise such events aimed at contributing to the development of the mining sector. We urge and welcome representatives of the geology and mining sector to participate actively in them.