I delivered a short training on the topic of Mineral Export Valuation to the tax authorities and Ministry of Finance in Mongolia, with officers from the Ministry of Mines and Heavy Industry and the state company Erdenes, also participating. The presentations were developed and delivered together with the IGF's resource tax expert, Ms Alexandra Readhead. The training took place in Ulaanbaatar, Mongolia, from 27th February to 1st March and was supported and funded by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), as well as the Canadian consultancy AgriTeam, as part of their Strengthening Extractive Sector Management in Mongolia (SESMIM) project.
Topics included the valuation of copper concentrate and other products, as well as iron ore, with particular focus on areas like sampling, analytical methods and pricing. The overall goal was to increase the capacity of the relevant authorities to monitor the value of exports, since these valuations form the basis for government revenues from the sector.
The workshops were highly interactive and included practical exercises on risk assessment and pricing. I have to compliment the participants for their very interested, active participation and must thank Ali Readhead and the AgriTeam team in Ulaanbaatar for superb support and collaboration.
IGF has summarised the training on their website: https://www.igfmining.org/workshop/valuing-mineral-exports-in-mongolia/