Research and Markets: Insight to Gold Production in Mongolia

DUBLIN, Ireland--(BUSINESS WIRE)--June 24, 2005--Gold production in Mongolia has seen spectacular growth over the last few years, rising steadily from 0.8 tonnes in 1991 and peaking at 13.7 tonnes in 2001. This seventeen-fold rise contrasts with western world production, which has grown by around 15% over the same period, with an increase of less than 1% each year from 1999 to 2001.


Since 2001, however, production in Mongolia has fallen back to around 12 tonnes per annum in spite of the gold price recovery, indicating problems with the quality and sustainability of currently producing placer deposits and a lack of new reserves to replace depletions. Mongolia's gold comes primarily from placer deposits, with nothing significant yet being produced from hard-rock.

Research and Markets (http://www.researchandmarkets.com/reports/c19802) has announced the addition of Gold Mining in Mongolia to their offering.

Produced in collaboration with local industry experts, Gold Mining in Mongolia not only outlines historic mine production and tables investment levels, but also describes the top domestic and international gold producing companies and exploration companies, licensing procedures and the current tax regime.

Essential reading for both foreign mining majors and juniors, as well as banks and investors considering an approach to the Mongolian gold mining sector.

The report also includes a list of key industry contacts.

Contents include the following:-

1. Executive Summary

2. Country Information

Political & Economic History

Geography & Climate for Exploration

Infrastructure

3. Historic Gold Output, Western Investment, Production Costs & Market Structure

Historic Production

Recent Developments in Mongolian Gold Production

Western Mining & Exploration Companies in Mongolia

The Cost of Gold Mining in Mongolia

Gold Export & Marketing Considerations

4. Domestic Gold Producers & Explorers

Important Domestic Gold Producers

5. International Explorers & State Funded Exploration

The Role of the State

Private Sector Exploration

Majors

Juniors

6. The Distribution of Gold in Mongolia

7. Legislative & Tax Regime

Overview

Fiscal Conditions

Procedures & Obligations for Obtaining and Holding a Mineral License

Local Authority Approval Delays

Allowable Exploration Areas

Exploration & Mining Conditions

Related Government Institutions

Key Contacts

For more information visit http://www.researchandmarkets.com/reports/c19802.

Mongolia inaugurates new president

The newly elected president of Mongolia Nambaryn Enkhbayar was inaugurated Friday afternoon.

After being sworn in as president of Mongolia and accepting the State Seal from former President Nachagyn Bagabandy, Enkhbayar pledged to implement his campaign promises and justify the Mongolian people's trust in him.

A parade of military troops was also held in honor of the new president and commander-in-chief of the Mongolian armed forces.

Enkhbayar, chairman of Mongolian People's Revolutionary Party since June 1997, was elected president last month. He served as minister of culture from 1992 to 1996, and in 2000 he was elected prime minister.

After the election of parliament in 2004, he became chairman of the Mongolian parliament.

The vice-chairwoman of the Standing Committee of the Chinese National People's Congress Uyunqimg attended the inauguration ceremony as a special envoy of Chinese President Hu Jintao.

Source: Xinhua