Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Doc great post, think it's worthwhile as many investors email, post on FB pages and Twitter and email PM. The more we get the info out the better for us all. At the end of the day we are all here to make money
The rest of the text
1. "Environment, water quality, waste water General requirements MNS4943:2015" is supplying waste water to nature,
2. There is no unified warehouse for storing chemicals, the storage and protection requirements of chemicals are not met,
3. Due to the non-introduction of oil-contaminated soil purification technology, a large amount of accumulation is polluting the environment.
. Due to the lack of on-site supervision during the remediation of the drilling fluid tailings pool, the quality of the remediation is not satisfactory. I would like to ask you what measures the Chinese government would take if a Mongolian company committed such a violation while operating in the territory of China. We officially inform you that if these violations are not eliminated, measures will be taken up to closing your business.
General Director of "Petro China Dachin Tamsag" LLC, General Director Zhu Dali: - If such a violation has been committed in our country, we will issue a time-bound task to eliminate the violation, and measures will be taken according to the cooperation agreement between the two parties. It will not immediately stop the operation without giving an opportunity to eliminate the violation.
B. Bat-Erdene, Minister of the Ministry of Education and Culture: I do not think that your country has such a lenient law. Your company needs to fulfill the tasks issued by our State Inspector General without questioning. I will give you one month's time to fulfill the Mongolian court's decision and the State Inspector General's official task. On December 1st, we will not accept an official letter saying "in progress or processing". I will visit the reality myself.
remove all affecting violations. Your company has been operating in Mongolia for 18 years. I'm giving you a month to go and see what he's done over the past 18 years. In addition, it will not be accepted to disrespect the citizens who are fighting for their land.
General Director of "Petro China Dachin Tamsag" LLC Zhu Dali said: "We will not run away from the problem, we will follow the laws of Mongolia. We will eliminate the violations."
Relooked at the translation of this using Google Translate which makes more sense and spells it out clear from Bat-Erdene
IF YOU ARE OPERATING IN THE TERRITORY OF MONGOLIA, YOU SHOULD OPERATE IN ACCORDANCE WITH THE RELEVANT LAWS
The Minister of Environmental Protection B. Bat-Erdene held a bilateral meeting with the managers of "Petrochaina Dachin Tamsag" LLC on the issue of eliminating violations and negative impacts on the environment.
At the meeting, General Director Zhu Dali, Executive Director Kang Dechuan, the company's Environmental Specialist U. Nachin, Head of the Mongolian Chinese Culture and Art Association, Rentsen, Head of the Department of Environmental Assessment and Audit of the Ministry of Education, Culture, Sports, Science and Technology, attended the meeting. Inspectors and experts of Enkhmunkh, Branch Inspection Department participated.
At the beginning of the meeting, the Minister of Environmental Protection B. Bat-Erdene said - I do not conduct a full analysis of air, soil, water, and wastewater as indicated in the detailed environmental impact assessment and environmental monitoring analysis, which are violations found during the inspection conducted during my tenure as Minister. I would like to ask about 4 issues that do not take measures to reduce the negative impact, do not fully implement the duties of environmental protection, and do not eliminate the detected violations within the specified time.
REST OF POST
Eliminate all violations that negatively affect the environment. Your company has been operating in Mongolia for 18 years. I'm giving you a month but I'm going to go see the work he's done for the past 18 years. Also, disrespect to citizens fighting for their land is unacceptable.
✅ "Petro China dachin tamsag" LLC General Director Ju Dali:- "We will not run away from problems, we will work by following Mongolian law and regulations. The violation will be eliminated" said.
FACEBOOK TRANSLATION
IF YOU ARE CARRYING OUT IN MONGOLIA'S LAND, YOU SHOULD WORK ACCORDING TO THE RELATED LEGAL ORGANIZATION
✅Minister of Foreign Affairs B. Bat-Erdene held a bilateral meeting with the managers of "Petrochaina dachin tamsag" LLC on the issue of eliminating negative impact and violations.
Zhu Dali, CEO of "Petro china dachin" LLC, CEO Kan Dechuan, Environmental Specialist of the company Wu. Head Rentsens of Nachin Mongolian Chinese Culture and Arts Support Association were given by Head of Environmental Assessment Audit Department of the Ministry of Agriculture G. Enkhmunkh, Inspectors and specialists of the Branch Control Office participated.
✅At the beginning of the meeting Minister of the Ministry of Agriculture B. Bat-Erdene said - I only do not fully analyze air, soil, water and wastewater as reflected in the environmental inspections, as a detailed assessment of the environmental inspection, environmental inspection, no measures to reduce the negative effects, fully implement my duty to protect the environment, pointing out the lack of violations I want to ask 4 problems that don't solve in time.
📍In this:
1. “Park environment, water quality, waste water General requirement MNS4943:2015” supplying waste water that does not meet the standard requirements,
2. There is no unified warehouse for chemical storage, chemical storage and protection are not required,
3. Due to not introduction of oil-contaminated soil treatment technology, large amount accumulation is creating and polluting the environment,
4. Due to the lack of on-site supervision during the Drill liquid waste fund rehabilitation, the quality of the rehabilitation is not satisfactory. I want to ask you what action would the Chinese government take if a Mongolian company committed such violations while operating in the territory of China. It is official that if these violations are not resolved, action will be taken until the end of your business.
✅ General Director General of "Petro China Dachin" LLC Zhu Dali:-If such a violation has been committed in our country, we will be given a timely task to eliminate the violation, and measures will be taken according to the bilateral cooperation agreement. Wouldn't the operation be stopped immediately without giving an opportunity to eliminate the violation.
✅Minister of Foreign Affairs B. Bat-Erdene:- I don't think your country has such a soft law. Your company needs to fulfill the duties of our State Inspector General without dispute. I will give you one month to fulfill the decision of the Mongolian court and the duties of the State Inspector General. On December 1, the official letter "in the making, in the process" will not be accepted. I'm going to see reality on my own.
It is also interesting that Minister of Foreign affairs Bat-Erdene has had a meeting with Petro China ref their environmental issues they have caused. Check out the link. Hope it isn't just words and they follow it through if the Chinese don't play ball
https://m.facebook.com/story.php?story_fbid=pfbid0S9XkWTiFsy41Z5CncgiAfzLmafE8mKHS8UEwcNXQs9mzxWoBtkvhvZiuavVW9cy6l&id=100067733361317
Thanks Thorno, my thoughts also, the more people that are made aware and the more it is "out there in the open" the better. I also tend to think that corruption in Mongolia is being tackled and is a long, slow process. A much as Buck and PM p*ss me off with their lack of communication and treatment of private investors i do believe their hands have been tied. I still think this will come good, just feel the same as most genuine investors on here, ruddy frustrated, Hopefully we get the RNS we are all waiting for very soon so we can "at last" move forward.
MON1 - i have continually been emailing, posting on X (Twitter) posts, FB posts whenever there is mention of requiring foreign investment in Mongolia, where the MG are promoting their Mining/OIl industry. I have emailed, posted on the UK Embassy in Mongolia FB page, emailed the UK Ambassadors, previous Philip Malone now Fiona Blyth and copied in James Cleverly and Rishi Sunak. I have also copied in Financial Journalists of the alleged corruption. I have copied in Ganbaatar the Mining Minister.
Nusrat Ghani who previously met Ganbaatar in Canada at a Mining Conference has been in Mongolia (at the invitation of Ganbaatar) the last few days and has met with numerous people discussing cooperation and investment. She was also made aware months ago ref the alleged corruption, so i am hoping she will bring the issues of Petro Matad to the meetings. I have mentioned on numerous occasions that they are supposed to protect the interests of UK investors. We will see if they actually do.
One thing that has really p*ssed me off is that i have also emailed Mike Buck directly and he couldn't be bothered to reply back and got his IR Admin to send back a standard email. When i replied to say i wanted a response of Buck he hasn't bothered to reply. The silence from him and PM is disgraceful in my eyes. We are all owners of this company and Buck treats us Private Investors with contempt. Below is what is displayed on the PM website. What a total crock of sh*t that is
Building Trust
Petro Matad establishes trust with investors by encouraging two-way communication with both institutional and private investors and responding quickly to all queries received.
For anyone who wants to contact Buck, feel free, perhaps you might get an answer from him
mike.buck@petromatadgroup.com
BP, think you're the one who gets tetchy, continually filtering everyone who questions you and your narcissistic ways. And the little control you like to think you have goes away because you can't see what people are saying so curiosity kills you, control in your eyes has gone. So everyone is unfiltered again. HA HA our sad little narcissist. Now he has to try and get a little dig in at investors ie gamble, because he's losing his little bit of control. Go away you sad little person, The one who has already lost - "his gamble" and is bitter with everything ref PM. Wonder who the major ramper was who BP listened to that cost him his gamble not paying off. Sad sad narcissist
HA HA Thought i was already filtered BP - make your mind up, but you just cannot resist un-filtering people can you. Really lose control when you can't see what people are posting. Don't see you filtering WOS who in your eyes is a blatant ramper and the worst on this BB. It's because you wouldn't be able to post any of your negative crap without WOS about. Sad sad little narcissist
Amazing isn't it, anybody who questions him and tells him what he is, he says he filters, but the one person he negatively post comments about all the time is WOS, so why doesn't he filter WOS, because he loses all the control he thinks he has and he has nothing of any substance to come back with, as said pathetic sad little narcissist.
Pathetic BP is that all you come back with. WOS has once again posted useful info for investors, and you as a sad sad individual cannot handle it. You really are a pathetic person, just sitting there waiting to post a pathetic negative reply to a good genuine piece of info. Sad little narcissist that you are
Ha ha BP, don't like it when you are continually questioned and called out for what you actually are, give it a week and many more comments on here (which you can't see ) and you will be too curious to want to know what's going on, comments that you can't try and control then you will un-filter all again .Must be double figures now you have filtered me. Do everyone a favour why don't you b*gger off until you can come back with something constructive which can add to the debate instead off continually posting just to try and get a reaction, sad little narcissist that you are
Ojay, not posted towards you, was regards i don't like people posting on a BB to disrupt, and was asking Doc his thoughts on our sad little narcissist BP and how he only tries to post on here to disrupt and nothing else
Doc, i tend to agree with you ref going onto other people boards to disrupt. i think it's wrong, we are all here to make money, and I SINCERELY HOPE WE ALL MAKE money but when talking about disrupting, what about the continual disrupting on this BB by our little sad narcissist BP ? ??
And there has always been zero chance you would answer questions. This comes from the sad little narcissist on the BB who has to try and control. At least WOS confirms he is invested and posts positives about his investment, You sad person who continues to spout negativity in a share you say you're not invested. Even more laughable is if you are actually invested you are even more of a sad person. Shame for you you can't control the SP or control anybody in your sad little life, sad sad sad little narcissist
Think there's only 1 person on here who is insane BP.
You bring nothing to this BB but criticism of other posters. All you do is copy and paste other posters comments and post negatively about the relevant comment.
So WOS is insane for posting positive comments and information regards what's happening in Mongolia about a share that he is invested and then there's you, who in your own words, isn't invested, posts comments to wind people up, now i think many people on here would question who the insane one was.
An attention seeking narcissist as i have said before and others have.
You really are a sad, sad person, and really needs to get a life.