OREANDA-NEWS. 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, reported the press-centre of  EBRD.


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.