Member Info for Jimithebrush

From photos I've seen there's nothing there except the we'll head surrounded by a Harris fence ?? GLA

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.

Also let's not forget that the government are very supportive, laughable. GLA

https://www.mongolianminingjournal.com/a/72472

There'll be no activity in the field untill next year now mores the pity. Any news ain't going to change that imho so I will be holding out for next year because I ain't selling up at a loss and hopefully a full scheduled program and hopefully Velociraptor is on the cards, waited over 5 years for that. Time to hunker down and see this winter out. GLA

B/P, MB and the board will probably get share awards before the cash raise don't think they've had one for a while. GLA

Just wondering why after 3 years we obtained the Red Deer land permit easily enough why the hell are they encountering these problems still for Heron???. RNS Operational Update 20 Aug '19
20 August 2019

Petro Matad Limited

Operational Update
Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil explorer, provides the following update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia.

Further to its announcement on 14 August 2019, the Company reports that all processes for obtaining the land permits for the Heron and Gazelle well sites have been completed and issuance of the permits is waiting on final signature by the local governor. In the meantime, operations are continuing as normal at the Heron well site and based on current performance the drilling and logging of Heron-1 are forecast to be completed around 9th September.

Operations at the Red Deer location are proceeding as planned. The well has reached its intermediate casing point and preparations are underway to drill the next hole section. The Company confirms that the land permit for the Red Deer well site has been obtained.

Further updates will be provided in due course

Yes I think you will find people have posted on the gov FB page and also on the Mongolian mining journal too.

This translated from the 2 official forms from the activists page best I could do.Citizens in their local administration participation ezidntut 31 items Electoral citizens have the right to express their opinions and wishes by voluntarily cooperating in order to discuss and make recommendations on the problems of Sum and Team. It is the responsibility of the General Assembly of the Sumatra Assembly to discuss the above suggestions and recommendations • Citizens have the right to initiate one-time or normative decisions on economic and social problems of Sumy. If this initiative is supported and signed by at least 10% of the eligible citizens of Sumy, the Assembly of Sumy will be responsible for discussing it.Public meeting of citizens of Team 32.1. Citizens' self-management organizations, which operate on the basis of the principle of direct democracy, exercise the powers granted by law on the basis of the principle of collective management. 32.6 It is valid if at least 1 person from every 5 households attends the meeting of 400 households. 0 The date of the meeting will be notified to the residents of the team at least 5 working days in advance, including the location and time.

https://www.mongolianminingjournal.com/a/72449
Mining Association of Mongolia (MNMA) , emphasized in an interview in this issue of MMJ magazine that "the people of the mineral resources sector can attract foreign investors if they reach an understanding ." He spoke openly about the history of Mongolia's geological and mining industry investments and what problems are being solved in the future. Journalist Z. Tselmeg said that it is unfortunate that the issue of special permits in the field of exploration, which is the main field of foreign investors, has been solved by political decisions, laws and regulations, but for some reason, the local people are still controlling the development of geological exploration."The fate of exploration is decided by the law, not the herdsmen," he said in the article. This article shows that there is still such a problem in the industry that should attract investment

Yes Hamm I did, it was a major project in my local area but did manage to recoup some back on another stock thankfully. Yes curious it does appear very grim but thought it would be of interest to share and let people decide for themselves what to make of it. GLA

There's a possibility that we may not be seen for a while as the session's in parliament appear to only take part twice a week, if they are as supportive as MB says perhaps not, nothing to do really except wait longer for some sort of Comms from the company so no not all lost but have a feeling the share price will depreciate no matter how much oil is there. GLA

Throw this in the mix and one can understand why processes take so long. LEGAL SYSTEM AND JUDICIAL INDEPENDENCE
Investors state that judges frequently avoid controversial decisions in business disputes, preferring to delay judgment for as long as possible—sometimes years.? If a decision is made, businesses face similarly long delays enforcing court orders.? In some instances, cases have taken so long that by the time an enforcement is executed, the counterparty has liquidated assets and vanished.? Investors note similarly long delays with respect to inspection agencies, such as the Tax Dispute Settlement Resolution Council, as well as with other inspection agency panels, especially those related to mineral licenses and health matters.

5. Protection of Property Rights This section sums up were we are at I think. GLA.

A little light reading may be of interest? the section on the legal system and judicial independence made may take a second look https://mn.usembassy.gov/2022-investment-climate-statement-mongolia/

I don't believe this is anything to do with China and the borders being closed because of their lockdown, this is down to the local gov and the herders up in arms about us foreigners taken over their land rights which needs sorting out in their parliament. Some of us have a lot more patients than given credit for, some have backed this company since the beginning and I strongly believe some will be here a lot longer than some saying to be patient, it doesn't seem right that after so many years of patience to be told sell and move on, I would imagine that there are plenty underwater here and ain't selling up at a loss just because we want PM to show a bit better governance to their private shareholders, it's our money and have a right to know what and were it goes. GLA

Maybe because it's the only thing that is active while we wait and wait and wait, but as I've previously mentioned I don't think we will see any oil now untill next year, hopefully. It took long enough to get the EL so it's been established process's are not very quick in Mongolia but I still say PM should never have taken the governor to court bwtfdik, GLA

The oil refinery consists of four sets of projects: EPC-1, 2, 3, 4. The project management consultant for the EPC-1 project, which is a comprehensive project of non-technological buildings of the plant, site infrastructure, roads and water supply system "Ai El" company monitors performance according to international norms and standards. The general contractor of the project is "JMC Projects" LLC of India and engineers and technical experts of 21 subcontracting companies of Mongolia are working with a total of 641 people and 250 pieces of equipment, with a plan to hand over the project on November 29, 2022.

WPS5-P2. The progress of ultrasonic testing of pipelines (June 9, 2022)

The EPC-1 project has 4 main planning stages: preparation, design, procurement, and construction, and the total project progress is 63% complete. These include Raw water storage tanks-85%, Offices and training centers-51%, Canteens-84%, Laboratories-85%, First aid and medical buildings-80%, Warehouses-45%, Entrance doors-1-64%, Entrance door-2-39%, Fire department building-52%, Repair workshop-35%, Flood water collection area-82.5%, Drainage pipe-30%, Water pipe-89%, 17km highway- 36%, Water pipeline-/Bor Khaovor/-41%, Well construction-44%, Electricity transmission overhead line-90% have been completed respectively.

An expedited tender for the selection of the general contractor for the EPC-2 unlicensed technological facility work (06.06.2022) has been announced, and tenders will be accepted on August 16.

An expedited tender for the selection of the general contractor for EPC-3 of the plant's power plant was also announced (05.04.2022) and is currently being accepted.

EPC-4 licensees for the construction of licensed technological facilities were selected. Agreements were signed with Kinetics Technologies, Italy, the licensee of the hydrogen facility, Axens, France, the licensee of the sulfur separation facility, and YUP Honeywell, the licensee of the Liquefied Combustible Gas Separation Facilities. has been established.

The longer this drags on then I believe for the foreseeable then a reduction in wages should be the order of the day until LP in hand, by the time LP is granted if at all PC will have taken most of the oil out, and if it is right then the gov need to get it sorted, doesn't sound like any work of any kind getting done this year and should it not be made public as we were told we should've been producing by now. Maybe tomorrow but then you never can tell, disappointing either way. GLA

If the local authorities are like our councillor's they should have greased there palms 3 years ago and not taken the governor to court that's why no cooperation from them. But we wait :+((