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Skills for Mongolia’s mining sector
Government and EBRD launch training programme
The Mongolian government and the EBRD have launched a training programme to
raise the quality of management skills in the fast-growing Mongolian mining
industry.
Under the programme, led by Mongolia’s Mineral Resources and Petroleum
Authority and the Bank, 30 delegates from government agencies and universities
will attend technical and financial seminars for 6-9 months, covering topics
from environmental health and safety- best practice to real option valuation
of feasibility studies.
The main goal of the programme is to lay the foundation for sustainable
development in this key sector.
Training is provided by top university professors and industry experts from
North American, the UK and the south Pacific region. The curriculum includes:
(a) economic, legal and regulatory issues related to international mining; (b)
mining project evaluation; (c) mining project financing, risk management and
negotiation; (d) environment, health and safety and social issues for the
mining sector.
The programme is coordinated in particular with the World Bank, which is
already active in the mining sector in Mongolia. The initiative, sponsored
with funds by the Mongolia Co-operation Fund, serves as a good example of
cooperation between International Financial Institutions.
Kevin Bortz, EBRD Director for Natural Resources, said this is a landmark
innovative example of capacity building in the mining sector, across the
Bank’s countries of operations. Luvsanvandan Bold, Chairman of the Minerals
Resources and Petroleum Authority of Mongolia, added the support through
developing capacity is a very timely and important contribution to sustainable
development of the mining sector in Mongolia.
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