-Sales and prices of zinc have been decreasing since January. How did it affect the sector?

-In terms of the zinc price, it plunged off earlier this year and decreased by 35.5 percent compared to last year. And we assume that the price is stable now. Even though Chinese companies had returned back to regular operations, product sales and prices maintained the same level due to the COVID-19 outbreak around the world. In addition, Tsairt Mineral exported a total of 26,000 tons of zinc concentrate since January, which fell by 30 percent from a year ago.

-SEC extended the state of emergency for one more month. On this subject, is there any tangible difficulties in Tsairt Mineral’s operation?

-Generally, our company distributes ore from open-pit mining. This year we are planning to construct a side bracing with China subcontractors and work discussion and programs were designated. However, projected works were delayed due to the emergency extension. In line with the situation, ore mining operations have been suspended and disrupted either.

-Due to the COVID-19, the volume of mineral export relatively lower than usual and how it impacts on Mongolia’s mining industry as well as companies that have faced difficulties with saving job positions?

-Well, the direct effect of the pandemic is relatively delicate at this time, however, the situation will be tougher further. The mining industry is the fundamental of Mongolia’s economy and it is not the straightforward sector that shows their effect directly, the surplus is projected in long-term operations. What will happen in the future is still uncertain. Tsairt Mineral’s sales decreased by 30 percent and operations deteriorated by 20 percent during the emergency period. We are also trying to save job positions under the guidance of the GoM.