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Details
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| Country:
| Mongolia ; |
| Doc Name:
| Mongolia mining sector : managing the future |
| Keywords:
| adverse effects, adverse impacts, Agriculture, artisanal activities, artisanal activity, Artisanal Gold, Artisanal Gold Mining, artisanal miners, ARTISANAL MINING, artisanal mining sector, balance of payments, base metals, Cadastre, closure, closure costs, Coal, Coal Mine, commercial mining, commercial mining operations, community compensation, community consultation, Competitiveness, Copper, copper mine, corporate taxes, debt, decentralization, development policies, drilling, Economic Development, economic growth, ECONOMIC IMPACT, economic value, Environmental, environmental management, environmental protection, equitable distribution, exchange rate, expenditures, exploration activities, exploration activity, Exploration and Mining, Exploration expenditure, Exploration License, Exploration License Holders, Exploration Licenses, externalities, financial resources, financial sector, fiscal policy, Fluorspar, Gas, GDP, geological data, Geological Information, Geological Survey, geology, Gold, gold deposits, Gold Mine, Gold Miners, Gold Mines, Gold Production, gold tax, good governance, Gross Domestic Product, growth potential, Hard rock, health and safety, imports, Income, income taxes, inflation, informal miners, informal mining, Insurance, international mining, investor confidence, large-scale mining, Legislation, license holder, Local authorities, macroeconomic management, macroeconomic policies, Mercury, mine employment, Mine Rescue Service, mine safety, mineral development, Mineral Economics, Mineral Exploration, Mineral exports, Mineral Potential, Mineral Production, mineral projects, Mineral Reserves, Mineral Resource, Mineral Resources, Mineral Resources Authority, mineral rights, mineral royalties, Mineral Sector, mineral sector development, mineral wealth, mineralization, Minerals, Minerals and Sustainable Development, minerals industry, Minerals Law, minerals sector, Mines, Mining, Mining Activities, mining companies, mining development, Mining Engineering, mining enterprises, mining fiscal regime, mining industry, Mining Investment, mining law, Mining Licenses, Mining Operations, mining production, Mining Reform, mining rights, mining royalties, MINING SECTOR, mining sector reforms, mining tax system, mining taxation, mining tradition, mismanagement, MMSD, Molybdenum, Multiplier Effects, OGMC, Oil, pipes, power plants, price fluctuations, producers, public good, reclamation, Regulatory Framework, rent-seeking behavior, resource base, REVENUE MANAGEMENT, risk averse, rocks, site remediation, Stability Agreement, stability agreements, surrounding communities, tailings, tax rates, tax revenues, technical assistance, terms of trade, total costs, toxic chemicals, transparency and accountability, urban areas, Value Added, wages, waste, Zinc, zinc mine,
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| Language:
| English |
| Region:
| East Asia and Pacific ; |
| Rep Title:
| Mongolia mining sector : managing the future |
| Topics:
| Environment ; Macroeconomics and Economic Growth ; Industry ; Water Supply and Sanitation |
| SubTopics:
| Environmental Economics & Policies ; Economic Theory & Research ; Wastewater Treatment ; Mining & Extractive Industry (Non-Energy) ; Sanitation and Sewerage |
| Unit Owning:
| PREM Sector Department (EASPR) |
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Abstract
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| This study is based on field work undertaken in 2003, and builds on previous projects undertaken in Mongolia. It assesses the medium-term growth potential of Mongolia's non-fuel minerals industry, and its potential contribution to economic growth, poverty reduction, and regional development. The study evaluates the current state of the mining sector so as to identify favorable factors for development, and/or potential constraints, reviews investor perceptions, and international case studies of best practice on how to address such constraints, and, recommends options for government actions to improve industry management and the investment climate. It is stipulated mining companies have responded favorably to the need of supporting social programs that benefit the surrounding communities, by developing foundations capable of leveraging funds for community development, and social programs from sources such as private donors, and public funds. Recommendations further address the need to establish adequate infrastructure to meet the mining sector growth. Given foreign investors are key to developing the mining sector in the medium to long term, institutional and policy constraints should be seriously addressed. The government should address the challengers associated with mining for growth, namely, preventing the development of unsustainable fiscal policy and mounting debt; avoiding rent-seeking behavior, and, overcoming absorptive capacity constraints and adverse impacts on non-mineral exports. Draft regulations for implementing the Minerals Law, and enacting a special artisanal mining law to integrate this socially important activity into the current large-scale mining framework, would strengthen stability in the short term. In particular, the regulations should provide for comprehensive rules and procedures for, and stronger government management and inspection of, private-sector mining activities. |
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Complete Report
Official version of document (may contain signatures, etc) |
 PDF | 183 pages | Official Version | [2.41 mb] |
 Text | | Text Version* | |
| *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. |
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