Uranium production could begin by 2012 at Gurvanbulag, says officials PDF Print E-mail
News - Mining
Monday, 12 January 2009 20:38
Production at Western Prospector Group Ltd.’s (TSX-V: WNP) Gurvanbulag central uranium site could begin by 2012, company officials said last week. 

Officials noted, though, that a 2012 production schedule could only be met if all government permits are issued by the end of 2009. 

Company officials added that a scholarship and training program is underway to guarantee the maximum number of Mongolian citizens are employed at the site. 

Plans call for building a plant to sort and remove uranium from 620,000 tons of grade rock mined annually at Gurvanbulag. 

Initial estimates place pre-production capital costs to prepare the site at US$280.2 million with a further US$137.5 million for operating capital costs during the life of the mine.  

The site operating cost per ton mined is US$94.62, which results in an operating cost per pound of yellowcake of US$29.00.
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written by roydongen , January 14, 2009

Western Prospector is a clear example of sustainable mining in Mongolia. The company invests, has good policies on work ethics and environmental issues and is ensuring a maximum participation of Mongolian people working in their enterprise by increasing the level of education. Hopefully the government acknowledges the great benefits for Mongolia solves the legal issues without delay in the interest of the Mongolian population.
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written by ontstaan , January 18, 2009

Hi roydongen, not sure how this is "sustainable mining" if the mine has a finite lifetime. Also, while appreciating the immediate benefits in terms of jobs for local people, has the "polluter pays principle" been established? What part of the profits is being set aside to pay for cleaning up the land when the mine eventually closes?
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written by max , May 01, 2009

The Chinese are buying Western Prospector. That explains the positive comments regarding how the mine will be sustainable. It also possibly explains why Western Prospector has been found to have violations that could result in their license being revoked. Could the southern neighbour be whispering in the ear of the mining supervision authorities in Mongolia to get a better price? It wouldn't surprise me in the least.
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written by nyamka , May 01, 2009

Hey Max,
I have to say that Western Prospector didn't spend a single penny for uranium exploration in Mongolia. What they did was they came here and acquired the license of Gurvanbulag which is former uranium deposit discovered by Soviets. That means it was already discovered. Western don't have re-discover that deposit. That means, it was discovered using state fund. Western knew they have to act quickly when Mongolia moved in the direction of re-claiming back the deposit discovered with state fund. They were able to sell it to a ignorant Chinese company without notifying Mongolia first. It is like a visitor came to your house and sold your water well, which you dug to your neighbor and cashed in. I'm not surprised by your rumor mongering, you ignorant, mongolia hater....

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written by nyamka , May 01, 2009

Roy boy from Holland,

I just saw your post about "sustainable mining"dated Jan 14, 09. There is no such thing as "sustainable mining". Once mineral finishes, it finishes. No more. Finito. It is gone. There is no way to recover or grow back gold, uranium, copper or any other minerals.
You think mongolians are so dumb?

You praise western for allowing "maximum participation of Mongolian people in their enterprise by increasing the level of education."

Since the deposit in our land, mongolia should participate maximum. It is ours. They have to employ local Mongolians as bringing in workforce from abroad will be expensive. It is not like they are doing it out of generosity. It is market principal. Local mongolians cost cheaper. That's the key here. I bet you will be expensive than me and at same time, i may have same skills and knowledge or maybe far better than you.

We know better than you do. So watch out what you say?

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