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FORUM GUIDE for
Discover Mongolia 2005 (pdf, contains all useful information including programs and agenda)
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To the readers of Investor Review Articles
Dear Madame/Sir,
The Organizing Committee produces and delivers to your mailbox Investor Review articles, which introduce the experiences of foreign investors in Mongolia . We hope that these articles have been of interest and value for you.
However, several of our readers have reported back to us that spam mails and viruses are being spread from our account discover2005@miningmongolia.mn. The Organizing Committee is working to fix the problem with the help of Magicnet Co Ltd, the IT supporter of the Event, and hopefully soon we will be able to liquidate the error.
If you continue to receive spam mails from discover2005@miningmongolia.mn account, please notify us by mineinfo@mongolnet.mn.
We apologize for any inconvenience.
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TUMURTIIN OVOO ZINC MINE – SITE FOR THE FIELD TRIP VISIT UNDER “DISCOVER MONGOLIA-2005” MINING INVESTORS FORUM
The Tumurtiin Ovoo zinc deposit rests 13 km northeastward of Baruun Urt, the center of Sukhbaatar province in eastern Mongolia . It was calculated in 1980 that the deposit possesses 70572.29 thousand tons of ore with average grade of 13.67% of zinc by B+C reserve category which is equivalent to 1 034.86 thousand tons of metallic zinc.
In 1997 a Mongolian company “Metallimpex LLC” and China-based NFC entered into a Cooperation Agreement to jointly mine the deposit and established Tsairtmineral LLC, a Mongol-Chinese Joint Venture.
In 1999 Tsairtmineral LLC developed the technical feasibility study on the deposit and completed the detailed engineering and construction schemes. This was followed by the commencement of construction of the zinc mine with capacity to mine annually 300 thousand tons of zinc ore and produce 70 thousand tons of 50% zinc concentrate.
NFC and Tsairtmineral LLC established in July 2002 an Agreement to construct the Tumurtiin Ovoo zinc mine, upon which NFC was to build the mine upon a “Key Turn-In” condition.
The total investment of 45 million USD needed for the project was made available as a concessional loan of the Government of PRC to Mongolia through the two countries’ intergovernmental talks. In addition, the NFC was able to obtain loans and credits to fully resolve the required investment injections. Until the credits are paid back, the Mongolian part holds 49% of the project and the Chinese side retains 51%, and upon loan repayment, the two parties shall hold 50% each.
In 1998 Tsairtmineral LLC entered into a Stability Agreement with the Government of Mongolia.
The mine shall be fed by 110/10 kW substation at the deposit site, which branches out through a “T” connection from Choibalsan-Baruun Urt 110 kV high voltage electricity transmission line.
The company explored for the nearest water supply and discovered Shene Us water deposit in Asgat soum of Sukhbaatar province. Water shall be supplied to the mine through a 32-km long pipe.
Produced zinc concentrates shall be exported via auto- and railroads.
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PRESS RELEASE #1
August 1, 2005 Ulaanbaatar
The Organizing Committee of “Discover Mongolia-2005” International Mining Investors Forum is pleased to announce that Ulaanbaatar , capital city of Mongolia , shall for the third time host this now well-renowned assembly of the international mining community.
We are proud to name the distinguished sponsors of the Forum, which are BHP-Billiton, the Premier Sponsor, Placer Dome Inc, Tethysmining, Anglogold Ashanti, Centerragold Inc., and Liebherr-Monnis as our Gold Sponsors and Orica Mining Explosives, Ivanhoe Mines, RedPath, Western Prospector Group, International Uranium Corporation, UGL Enterprises and QGX Ltd as our Sponsors. Bloomberg and the Northern Miner, the two most prestigious media shall cover the Event under the title of the Media of the Event, and Golomt Bank of Mongolia and Magicnet Ltd, a duet of successful banking and ICT service providers shall serve the Forum as the Bank of the Event and IT Supporter of the Event.
Traditionally the Forum shall comprise of four major events – Mining Conference, Exhibition, the “Government Hour” series of meetings and a field trip to an operating mine.
The Mining Conference shall feature exploration and mining projects of a host of companies active in Mongolia as well as presentations by several foreign and international organizations introducing their experiences in the mining industry. The presentation time slots are now fully reserved for the Conference.
We also announce that the booth spaces for the Investors’ Exchange Exhibition are sold out. At the moment, the Organizing Committee is exploring for a possibility to increase the number of booths to accommodate the request of waitlisted companies.
The “Government Hours” series of meetings shall invite the Chairpersons of the Parliament Standing Committees, Ministers and Heads of pertinent Agencies and Offices for a face-to-face talk with a broad audience of investors.
The site for the Field Visit shall be the Tumurtiin Ovoo zinc mine of Tsairtmineral Co.Ltd. The mine is located in Sukhbaatar province in Eastern Mongolia . We expect the Field Visit to bear high commercial and professional value for the participants.
Within the confines of the preparatory works for the Forum, the Organizing Committee produces and delivers Investor ReviewArticles, which inform the prospective participants about the latest developments in the minerals sector and introduce some successful investment stories in Mongolia . You are welcome to post your comments, proposals, concerns and questions on the content of the Investor Review Articles on the Comments section of our website.
The Organizing Committee and Placer Dome shall bid their warm welcome at receptions hosted on September 14th and September 15 th respectively.
A prospective participant of the Forum may choose to register For the Forum either online at www.miningmongolia.mn/discover2005 or on-site in the afternoon of the 13 th of September at the Venue of the Forum – Mongolian Children’s Palace.
All Forum related announcement shall continue to be posted on our website, therefore, we kindly advise the prospective participant to regularly check the news on our website at www.miningmongolia.mn/discover2005.
We at the Organizing Committee are firmly convinced that your participation shall prove to be an exciting exercise to inexorably justify your investment plans into Mongolia ’s booming minerals industry.
Veni, Vidi, …and Invest! You’ll be happy you did.
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FIELD TRIP SITE CHOSEN .
HURRY UP FOR REGISTRATION!
The Organizing Committee is pleased to announce the Tumurtiin Ovoo zinc mine of Tsairtmineral Co. ltd. in Sukhbaatar aimag as the Field Trip site of the Forum. The field trip shall take place on September 16 th, 2005 , and a ticket for the Event costs 250 USD. This includes a charge for A round-trip flight to and from Baruun-Urt, the aimag center; transportation to the mine from Baruun-Urt and a lunch on site. Please note that due to the limited number of seats onboard the aircraft, only the first 50 registrants shall be able to travel to the site.
The departure time and other details shall be announced in due course.
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Announcement
The Organizing Committee officially announces the closure of the Offer for Sponsorship of “Discover Mongolia-2005”, International Mining Investors Forum.
Taking this opportunity, we would also like to inform that a few presentation time slots are left vacant for the Mining Conference to be held under the Forum. Therefore, we would like to urge those who are interested to make a presentation at the Conference promptly refer to the Organizing Committee at 976-11-319761, 976-99091137, 976-99116509 for registration.
The tentative Agenda of the Mining Conference shall be posted on the website shortly.
Organizing Committee
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The Organizing Committee kindly informs that all booth spaces for “Discover Mongolia-2005” Forum Exhibition are sold out.
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