The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
This arrived in my news feed a few days ago, a little insight to the different areas maybe of interest. https://www.mongolianminingjournal.com/a/60557 Dornod Province:
It is difficult to implement the provision of taking votes within 30 days
Our province received 4 applications for special exploration permits. Recently, one application was added. I don't know exactly what it is. Other than the four above, the oil exploration license. Although the previously explored area has been returned to the government, they are going to conduct a selection process in this area again. But in this regard, the opinion of the Provincial People's Representatives should be taken. There are no offers yet. We are waiting because the National Assembly will give its opinion according to its mandate. I think that the Provincial Assembly is not in a hurry because the Petroleum Department has not given any deadline.
4 exploration licenses are currently not supported by the locality. Coincidences have arisen in areas such as cattle pastures and historical and cultural monuments. There are also criticisms that there are too many exploration licenses per project.
The most important thing is that it is difficult to implement the provision of the law, which says that the locality will receive opinions from its citizens within 30 days. We approached the Minerals Department about this. If this clause is not changed, the grant of special license will be void.
The General Meeting of Sumdin Citizens meets once a year. If citizens do not vote within 30 days, it will be difficult to issue a special exploration permit on time. The number of applications for special licenses in our province will increase significantly in the future.
After reading this I think when master posted some info of people in the field maybe it was to discuss the pipeline route as it is going into Matad area just a thought. GLA
Soz wrong page hehe :+)) https://www.google.com/url?rct=j&sa=t&url=https://thediplomat.com/2023/04/how-to-fix-mongolias-mining-industry/&ct=ga&cd=CAEYACoTMzYxNTA4Mjc4ODA4MTMwMTMzMTIaNTUxYWMyNTFiMTZjMDIxZDpjb206ZW46VVM&usg=AOvVaw3qRd-0UFjwl72I6ReLhIfU
Something light to read, local engagement seems to be the way https://thediplomat.com/ GLA
Yes and I'm still here ;+)) and will keep it as real as I can. GLA
I'm sure a lot of people are really not interested in other people's opinions, because they'll think frankly most of those opinions are either misinformed and adding to this endless ball of hot air we have had on this board for weeks now, in our society where everyone thinks their opinion is valuable and sacred and what counts doesn't seem to matter on here anymore. It's supposed to be about MATD. GLA
The Ministry of Mining and Heavy Industry, the Department of Minerals and Petroleum, SOE "Erdenet Udyab" and the National Mining Association of Mongolia will work together to provide correct information on the benefits and effects of the mineral resources sector to the stakeholders, and publicize the mining projects that are operating responsibly. "Responsible mining" day of Khangai region is going to be organized on May 5 and 6, 2023 in Erdenet city in order to improve the cooperation of stakeholders through awareness. GLA
For those who don't have twitter or Facebook Dozzawba you beat me to it ;+)) Dear Jimi
THANK YOU FOR SUPPORTING TMK ENERGY LIMITED
TMK Energy Limited (ASX: TMK) (“TMK” or the “Company”) is pleased to provide an update on operations from the Pilot Well Drilling Program at the Gurvantes XXXV CSG Project (TMK 67%, Talon Energy 33%) in the South Gobi Basin of Mongolia.
The drilling and installation of production casing at the Lucky Fox - 1 (LF-01) pilot production well was completed on 26 April 2023. LF-01 was completed to a total depth of 375 meters and intersected 60m of gassy coal in the production interval as prognosed and was drilled safely, on time and on budget. Major Drilling, one of the world’s largest international drilling services companies, has been contracted for the Pilot Well Program and the Company is pleased with Major’s performance to date.
VIEW THE FULL ASX ANNOUNCEMENT HERE
GLA
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And a banana is a herb ;+))
Vikinglass correct it is coal bed methane that's being drilled for. If I remember rightly they spud there 1st well early this month and said 30 days to complete, so if everything goes to plan then a rig should be available for us in June. Touch wood all goes well for them and us. GLA
The DOTS are starting to connect. ;+))
I reckon we'll get an operational update detailing everything and also think that PM should keep us better informed on each step of the way just to keep the momentum going because I do believe this will go ballistic if the certificate is awarded as well as V1 spud date and all other news in the pipe line (pun unintended) so I hope its a hit but have to wait and see. GLA
Could this have been the start of PMs troubles? There's been a lot of meetings over the years. We must be close now for a reply.
https://jaran.mn/i/2469 GLA
Look I know this report is a few years old but it does show how long these kind of disputes can take, makes me wonder what sort of compensation they are asking of PM, at least I can be sure the MG will get there taxes from PM, I wonder if this report and the eco protests could be related? https://jaran.mn/i/2635
It's about time we heard something the V1 spud June is not that far away now. Carn't say it enough, I really hope it's a successful outcome. GLA ;+))