Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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The joint conference on the transparency of the mining sector of the eastern provinces has begun In West-Urt city of Sukhbaatar Province, the General Conference on Transparency of Mining Industry of Eastern Provinces was held by the Ministry of Mining and Heavy Industry, Extractive Industry Transparency Initiative, TAN Coalition of Civil Society, National Association of Mining, Govts of Eastern Provinces, mining companies and citizens. together on the 27th and 28th of this month.
J. Ganbaatar, Member of Parliament, Minister of Mining and Heavy Industry, Chairman of the National Council of Education and Training of Mongolia, delivered a greeting at the conference, which was read by T. Baasanpurev, Head of the Department of Electronic Policy and Information Technology of the Department of Control, Analysis, Evaluation and Internal Audit of the Ministry of Education and Culture. . Member of Parliament J. Batsuur participated in the opening and gave a speech.
The purpose of this meeting is to exchange opinions on the government's policy in the mineral resources sector, the implementation of the legal framework, the current state of the sector, the problems and solutions; the development of transparent and responsible mining, the improvement of infrastructure, the protection of the environment, and local development. encouraging the conclusion of cooperation agreements in the field of provision;
Digitization of public services, open and accessible, increasing the productivity and efficiency of the sector's operations, improving coordination, and fostering accountability;
Consolidate stakeholders' understanding of issues and solutions in the context of mining, heavy industry, infrastructure projects and transparency in the mining sector, and bring them to decision-making and management levels;
It is being organized within the framework of the purpose of compiling suggestions and initiatives from conferences and meetings.
Nothing to do with MATD if it were MATD would have been there.
It is all rubbish. Money has gone to rubbish bin.
We have been all cheated.
Thanks Jimi. I wish MATD had a bit of your activity.
Hamm, might i say that if what you say is true it could not happen to a better person than you !!!!!!!!, meantime i think i will keep hold of my shares in the certain knowledge they will be worth a lot more "soon".
H?mm is writing the truth, but in order to understand it you need to have brains and think by head, not ass.
Abz, no need to be ****ty. we are all in it together. As you said you are heavily in it!
You lost the lot too. The question if you can afford it or not, but lost is lost regardless.
Thanks Manro.
Thanks Jimi, I have placed a comment there that corrupt officials at the level of central and municipal levels deliberately muddy the waters, using the local population for to catch their own fish in it. Such a small population of local natives, scattered over such a vast territory, could never, by themselves, have offered such resistance to geological exploration or even oil production, if their actions were not coordinated by officials, especially municipal ones. Therefore, it is time for the Mongolian government to take action and stop these shameful games if they really care about the country's economy and not just their own pocket.
Thanks Jimi and Manro. I have left a comment too.
I just hope that your comments support all other investors interests. Words like "corrupt", "fraudulent leadership", "crook" etc. directed at the PM management are not very helpful.
I for one would like to see PM's SP rise. I hope we all can agree on that simple common denominator.
I see your point Ojay and agree that we should be careful about the wording, but before any improvements in share price the LP needs to be granted and all the means for H1 operation facilitated.
Very low trade volume - can't see this going anywhere with days like this.
I'm stuck at a 4p average but going to hold tight.
Got to stay optimistic.
GLA.
Hamm: You may have misunderstood my point. Whatever you and your colleagues do - pls make sure that it doesn't backfire on us other investors. Using harsh language typically does not help - irrespective of the permit etc. at question.
If Mongolia wants foreign investment then she needs to play a fair game! MATD has been spending millions in the last 10 years or so and finally found oil but unfortunately sitting on huge oil reserves for the last 3 years to get LP which hasn't been granted yet! Mongolia could be as good and prosperous as Canada and Australia but needs to be open minded and fair to investors. It is fair and understandable that the environment should be looked after but this can be achieved by mutual cooperation and not altercation. Hope the Mongolian government resolves MATD local permit as soon as possible which would encourage rather than discourage other investors. Best,
Ojay, I did understood you. I agreed with using proper language.
You guys should appreciate that we are all together.
There is not some investors and other investors!
I t would be good if some of you guys leave some comments and have a bit of active approach rather than passive out lookers!
But the question remains: How do you want to go about things in order to get the results we are all longing for?
How difficult is that if you leave some comments, at the site jimi found, telling them how disappointed you are as an investor! Telling them that Mongolian government shoukd help investors etc etc.
Evry little help may make difference.
Exactly what is stopping the LP approval?... which factual reasons are for this?... To leave comments one needs proper factual evidence... the fact the sp is down is not good reason enough
//Exactly what is stopping the LP approval?//
At a guess GoM are happy to wait for the oil until they can use it themselves. No incentive just now. And without a pipeline, bringing any oil in quantity to the international market has its problems.