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Mining boom in Mongolia


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With huge amounts of unexploited natural resources (gold, copper, coal and more) the Mongolian economy is estimated to grow massively in the years to come. But will it also benefit the people in Mongolia? Our work shows how mining operations lead to pollution and displacement for local herders and exacerbate water scarcity issues.

Dust, displacement and intimidation in the Gobi Altai mountains

Nomadic herders in the Gobi Altai mountains are facing pollution and displacement by the Tayan Nuur iron ore mine that receives financing from the European Bank for Reconstruction and Development. While the mining company Altain Khuder responds to criticism with intimidation, the EBRD is not doing enough to protect herders’ rights.

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A multimedia story about herders impacted by the Tayan Nuur mine

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Also available in Polish >>

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Dust, displacement, intimidation - Mongolian herders are under pressure by iron ore mine
Blog post | December 9, 2014

Report: Impacts of the Tayan Nuur iron ore mine on nomadic herders' lives in Mongolia
Study | December 9, 2014

Case study on the impacts of the global iron ore sector: Altain Khuder in Mongolia
SOMO case study | December 17, 2014

 

Water scarcity in the South Gobi desert


In the South Gobi desert, the highly intensive mining industry with its immense need for water can pose precarious risks to the livelihoods of herders.

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Spirited away - Mongolia's mining boom and the people that development left behind (pdf)
Study | January 30, 2012

 

EBRD financing for mining in Mongolia


Online debate


Following a discussion in the European Parliament on the EBRD's mining operations, Bankwatch organised a live-streamed google hangout with Mongolian campaigner Sukhgerel Dugersuren.

Watch the recording here >>

By financing several mining projects over the last few years, the EBRD followed other investors' bias towards the natural resources sector in Mongolia. Instead, it should diversify its portfolio in the country to help Mongolia reduce its dependency on commodity exports.

Read more:
The EBRD in Mongolia: Economic diversity is something else >>
Blog post | September 18, 2012

 

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Latest developments


 

Blog entry | January 27, 2012

Earlier this week we published an overview of two Central Asian mining projects financed by the European Bank for Reconstruction and Development - the Kumtor gold mine in Kyrgyzstan and the Ukhaa Khudag coal mine in Mongolia's south Gobi desert, which is part of the much larger - in fact the world's largest - coal deposit at Tavan Tolgoi.

Blog entry | January 25, 2012

A look at mining projects in Kyrgyzstan and Mongolia reveal a need to carefully revise the European Bank for Reconstruction and Development’s involvement in the exploitation of natural resources.

Press release | June 13, 2011

Ulan Baatar, Mongolia – Civil society groups are demanding that investments from international financial institutions to extract resources in Mongolia’s Gobi Desert guarantee that livelihoods are protected for those living near the mines and profit windfalls are used as an impetus to social and economic development for the region.

Publications

Briefing | October 3, 2011

Despite numerous international calls for the discontinuation of public support for fossil fuels in the face of climate change, the EBRD continues to finance the dirtiest among them, coal. What is more, the bank plans to expand its activities in this field. CEE Bankwatch Network urges the EBRD to phase out any support for coal industry making it more competitive and disadvantaging sustainable energy.