Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not same amount vikinglass. I post4d about 15 yesterday and WOS around 40 π²
Activists and petro matad
https://m.facebook.com/story.php?story_fbid=pfbid02o1HphCvSZAX1xJvQcMMJequ8ppMdfoNdzaQKFwH7rpesPaejHHj1fbcRF4qGc1oLl&id=100011445393483
Curious, you've been out in force the last two days - soon close to wos number of daily posts.
Re activists, no need to try to make a big thing of them π
Until Russia's war with Ukraine goes on and China keeps getting VERY cheap oil from Russia, PC has no reason to worry about protests. Why would PC produce oil when it much cheaper and easier to buy it from Russia... So this situation will go on until the war goes on
I also think you're forgetting the activists targeted Petro Matad and lobbied (read harrassed snd intimidated!) the local government, ....which was a major reason why the local permit was not issued by local government and forced PM to seek central govt intervention.
The activists are not just solely against Petro China in Dornod.
Masters. Are there other mining companies in Dornod apart from PC and PM?
My guess is they'd extend their protest to inc PM if in the vicinity when news broke.
Whether that would have any effect though (e.g. delaying publication of decision until they've left the area) I don't know...
Yes, Doc.
I can see it.....but I hope not to!
The activists are there because of laws broken by PC. Check their last weeks posts. Oil contaminated soil being covered up and mainly to do with tax mot being paid by PC.
Remember there are other mining companies in Mongolia but they are not targeted just PC.
Can anyone else see another MB interview coming at the end of 2023 saying βitβs been another frustrating year with regards to Heron LP and we continue to push the MG to resolve this issue.β?
The activists are back physicaly protesting in Dornod Province against Petrochina.
What does the board think they will they do if news that Petro Matad has been awarded special purpose certification drops when they are actively protesting in the area?
https://m.facebook.com/story.php?story_fbid=1051799159135528&id=100011445393483
Surely it's always been a Mongolian company. Petrovis owns 21% and biggest holder. Not sure if the majority are foreign investors. Nimbys, maybe tribal. The election may cause an issue. I suppose it all depends on how firm the government will be
Thanks Master.
I take heed from your scholarly sense of calm and logic.
I still hope all will sort itself soon.
I rest my case!
Max that minister is anti mining companies. I follow him because you can some Mining related info. Don't worry too much about these ministers.
Mongolia needs money and no local minister is going to stop the vision of the prime minister. Look at the bigger picture.
IoM meeting was probably to maybe to do with mongols having a share in PM to make it look like a Mongolian company. Recent presentation is in Mongolian launguage too. They have not done that before.
Time will tell
The simple question is... if no decision this week from the cabinet, will the cabinet continue to meet during the parliamentary recess when it reopens in October ? Does anyone know?
We left the EU due to populism. When does common sense economic desisions ever trump politicians wanting to keep their seats?
VG - the country practically shuts down for 6 weeks during Naadam. If cabinet does not meet during the festival period, then its highly possible the matter will be shelved until the Khural reopens in October.
I agree. But this is wild west country and they are trying to pass new laws and make the procedure system work from scratch.
We have seen the MMHI start to issue the SLP. Having done the work, just before signing off, they decided the ministry for development needed to do it. Now they have rising vocal dorno minister objections on Facebook. And a long summer recess looming (sorry vikinglass, I missed that piece last week!).
All of this has a whiff of the never ending story.. ! No one is going to invest in Mongolia until they have this properly sorted. So they need to get a move on and get a grip on this.
Their intention is clear. Their ability is shown to be worryingly lacking.
LP would be granted/ approved by Government not parliament!
Summer holiday for parliament isn't relevant.
LP is a win win situation for MATD and MG.
Why would they blick the Land law when the Mongolians are looking for foreign investors.
Its a poor country with plenty of natural resources.
No good having resources in the ground if you don't have money to exploit it.
We knew about the summer holiday last week too π
9 days till estimated drill completed! GLA
Yes we can. You just asked what had changed since Friday. This, I believe, is the answer.
It is starting to look unlikely that the SLP will be given for months, not weeks. And even then, there is an aggressive facebook against what the government are proposing re the new legislation. So it may be blocked.
I hope not to all points, and it comes soon. Because delayed could become severely delayed.
That's all.
Here is the link to the politicians page. I would say fair enough to the Mongols that the 100years is a very long time and they want time to be lot less for foreign companies.
https://m.facebook.com/story.php?story_fbid=pfbid02tirQtWJD5kvJSqLoHcb3YfgfTfJG3zY9PLhSATPpzKRFnPedGK3J56MP9LsiaLpyl&id=100044392789061
Dorno minister... predictive text, sorry!
And 100 million shares for share options is way too much!
Master, have you got the FB link to this please
Manx,
So we now believe in Facebook posts huh?
So what's the problem with summer holidays? it's common in the business world too, can we not handle a delay for a week or so? π₯±