Alexander Mining signs a marketing agreement with a Mongolian expert
On January 11, London-based mining and minerals processing technology company Alexander Mining announced that it has signed a marketing agreement with the distinguished Mongolian commodities expert Dr. Jadambaa Temuujin for the potential commercial adoption of its leaching technologies in Mongolia.
The company stated that the agreement has an initial term of two years, with rolling mutually agreeable six-month extension terms applied thereafter.
Chief Executive Officer of Alexander Mining Martin Rosser said, "Mongolia, with its favorable location adjacent to China, is a noted mining country and is highly prospective for the discovery of new mineral deposits. We greatly look forward to working with Dr. Jadambaa Temuujin as our agent to capitalize on the country's growing mining industry."
They stated that under the marketing agreement, if Dr. Temuujin introduces an opportunity which leads to Alexander executing a commercial technology licensing agreement and receiving licensing revenue, then it will pay Dr. Temuujin a commission based on licensing revenue for the first three years of the license's commercial use.
Dr. Jadambaa Temuujin is currently Chief Research Scientist at the Institute of Chemistry and Chemical Technology, part of the Mongolian Academy of Sciences. He received his MSc degree from Kiev Polytechnic Institute, Ukraine, in 1991; a PhD from Mongolian Technical University in 1995; and a DSc from the Mongolian Academy of Sciences in 2006. In 2011, he was elected into the Mongolian Academy of Sciences and became an Academician.
He is the Foundation President of the Mongolian Association of Chemists and Chemical Engineers and a Mongolian Member of the International Advisory Board of the International Mineral Processing Council.
As well as being an academic researcher, he has strong ties with many leading major, mid-tier, and junior mining and minerals processing companies in Mongolia. He maintains ongoing intensive collaborations with various mining companies working in minerals processing. Dr. Jadambaa Temuujin is also a technology consultant to several Mongolian government ministries and sits on several technology advisory committees.
Alexander pointed out that the Mongolian government is actively exploring ways to increase the extent of processing within the country, while plans are underway to build a centralized copper smelting and converting facility near Ulaanbaatar to increase processed product exports.