Mongolian Mining Industry Development Trajectory

As a first ever Mongolian student at Dyson School, Cornell, she is motivated to represent her country in a positive angle and is determined to integrate her unique perspective to reach optimal solution for every problem- which is exactly what we are seeking from our candidates in diversity point of view. Moreover, she is a regular participant of Annual International Mining Investors’ Forum and has acquired a strong understanding about the mining field specializing in Asian Market.

Mining has strong increase in revenues and investment in the mining sector and for other industries aligned to mining and resources. Modelling undertaken for this document estimates that the mining increase has on average delivered 0.62 per cent to whole funding

Addressing the Canadian mining industry from an economic angle, one would agree that this industry has provided employment, revenue, community development and lots more to Canada especially to its local residents where mining firms are located. (M.A.C, 2014). Mining is amongst Canada's most essential economic sectors. It contributes enormously to Canada's gross domestic product. Part of the reasons why this industry has remained a key economic driver is that it has been able to remain competitive. For the industry to be competitive, they must have access to key market, a regulatory system that is efficient and a pool of talent to combat the shortage of skills.

Although mining positively benefits the needs of people in our daily lives, but it has a negative downfall when it comes to environmental issues. To be capable of extracting the ores from deep below the earth’s surface, it requires miners to excavate the land, removing all necessary living things just to construct a pit to proceed with the operation. Forests being harvested, wildlife habitats being destroyed, Rivers being diverted to some other areas making other plantations die in dehydration. Not only the animals and plants suffer from the impacts of mining, people also faces problems ahead of them too. Mining impacts the people by forcing residents out from their lands, preventing the residents’ access to clean water source. The worst of all, residents exposed themselves to

Given the negative influences of mining on the environment, some scholars have recommended putting an end to mining. It is the recommendation of this study that the government, policy makers and stakeholders take steps to minimize the adverse effect of gold mining, with reference to this study; illegal small scale gold mining.

Canada has a long history in mining of a number of minerals which include copper, nickel, Uranium, potash, gold and diamonds among others. It also has a refining industry which makes it a producer of aluminium and refined copper and nickel. Foreign capital has always played a role in the development of the mining industry until recently when the domestically controlled companies have begun to play a more significant role. The mining industry has once being under a brief wave of nationalisation which resulted in a restrictive foreign investment regime. And now a relatively liberal regime has been in place. Foreign direct investment flows to the mining sector have increased rapidly recent growing from under $5 billion to over $20 billion from

According to Dickie and Dwyer (2011, p. 329-331), Australian economy is highly dependent on mining industry. They pointed out that the development of mining industry is essential to the whole Australian economies and it also provides a huge employment. For example, at the end of 2008, the Western Australian mining industry directly employed about 70,000 people and indirectly employed nearly 150,000 people. On the other hand, the other industries develop very slowly, which leads to false prosperity in

The mining industry in the United States has a long history beginning in the 1600s when iron ore was mined in Jamestown and sent overseas to England (Bolles, 1879). Often in this century it is easy to forget where the energy one is utilizing came from or where the metal which makes items people use every single day come from. Unfortunately, with obtaining necessary metals and coal comes the risk of accidents and the different ethics involved in the industry in order to keep not only workers safe but keep the environment safe as well.

As corruption is seen as a cheaper alternative to fixing the problem. I believe that developing nations are better off without mining majors in operation within them because of the possibility for government corruption.

Afghanistan is endowed with significant natural resources that are largely underexploited. After decades of conflict however, Afghanistan has no industrial scale mining operations and minerals make up an estimated 4% of legal exports. Most of the sector activities are artisanal, small to medium scale mining. Illegal mining is also reported to be rampant; up to 10,000 deposits are not under government control.

 FDI exceeding $60 bn p.a.  Outward FDI by Chinese Enterprises over $7 bn in 2006, growing at 26%

The mining industry comes with several myths. Myths such as it is a 'male based industry' and depicts them working hard with shovels and other digging equipment in dark holes. This is far from reality because most mine workers do not work underground. The mining cycle includes operations and processing, exploration, development, and mine closures. Health and safety is important to the mining industry. Different countries and districts have different codes. The first code was drafted in 1992.

Mining industry has been the anchor of South Australia’s economy and, benefits it has provided outweigh whichever associated costs. As developed by the South Australian State Government (2013), “realising the benefits of the mining boom for all” is one of the seven strategic priorities to secure the state’s future. Mining is an important industry in South Australia because it has been a major source of minerals for the high demand in Australia and many countries (Flinders Ranges Research n.d.). This industry plays a vital part in advantaging the state in terms of economic – profits and job opportunities; social – more skilled workers and population growth in the outback; political – good state and country reputations; cultural – workforce

Metals have been an important industry for mankind since the Bronze Age, gold and silver are other important metals that were used for currency and ornamental jewelry. The Industrial Revolution helped to usher in modern civilization by transforming iron into railway transportation and high rise buildings in all of the major cities around the world. Concerns for the environment did not exist as long as the metals could be extracted to fulfill the needs of the masses. Environmental concerns about mining didn’t even come about in the United States until the Resources Conservation and Recovery Act (RCRA) in 1976 (EPA 1976).

Because the Mongolian mining sector is considered to be the most harmful donor to environmental destruction unless it is correctly managed and controlled. Therefore, it has been observed with the deepest concern that chaotic coal mining and other mining operations strip the top soil without required environmental remediation. Furthermore, outnumbered and disordered mining activities that cover nearly the entire country lead to water pollution, dried up of fresh water resources, encroachment on protected areas, mercury and sodium cyanide poisoning. For example, according to statistics of the Ministry of Environment, Green Development and Tourism of Mongolia, “More than 18610 rivers, lakes, and streams were counted in 2007, but it decreased to 12861 in 2011, which covers one third of the Mongolian fresh water resource dried up within 4 years.” In addition, uncontrolled, disorganized distribution of exploration and mining licenses accelerated environmental destruction.