Member Info for Jimithebrush

https://www.constructionboxscore.com/project-news/mongolia-launches-construction-of-first-oil-refinery-with-indian-aid-(1).aspx

A meeting to mark the 80th anniversary of the oil industry in Mongolia (05.27) was held at the conference hall of the Corporate Hotel. O.Batnairamdal , Deputy Minister of Natural Resources and Environment, and L.Bayarmandal, Director of the Mineral Resources and Petroleum Authority of Mongolia ( MRPAM ) addressed the event, which was attended by more than 800 guests from the oil sector .

At the anniversary meeting, officials from the Ministry of Mines and Mineral Resources provided information on the current state of Mongolia's oil. Between 1993 and 2021, a total of 39 oil and non-conventional oil exploration sites were identified in 14 aimags, of which 17 were for oil exploration and 6 were for coal seam methane. He also said that oil production and export activities are being carried out in 4 fields. As of 2021, the proven oil reserves are 333.8 million tons and the remaining proven reserves are 33.4 million tons. State budget revenue will be 2,035 billion MNT in 1998-2021, and total exports will be 9.5 million tons in 1998-2021.

Within the framework of the Government's “New Revival Policy” and the Industrial Revival (2022-2030) , exploration work will be carried out on the Davst-31 field for oil exploration, production sharing agreements will be signed on 5 areas, and reserves will be established on the Galba- XI field. There will also be a phased increase in oil production and the commissioning of the Galba- XI and Matad- XX fields. In the case of refineries, the development of refineries, oil pipelines, the establishment of quality standards and control systems for petroleum products is underway.

During the celebration of the 80th anniversary of the oil industry, the leaders of the oil industry were awarded state medals.

Long-distance coal transportation has started.

Long-distance coal hauling began today, with the first 100 trucks leaving for work at 5 am. The gradual improvement of the infection control regime in Tsagaan Khad has yielded the current results. On the other hand , the analysis at Gants Mod port did not reveal any positive cases of shortness of breath in the last two weeks . Therefore, long-distance coal transportation will start today , and open coal transportation will start on May 31 . Our country has budgeted to export 36.7 million tons of coal this year .

If there are no further positive developments, the Foreign Affairs Department and the Port Council of Bayannuur, Inner Mongolia, will offer to withdraw 400 vehicles a day. Prime Minister L.Oyun-Erdene will visit Umnugovi aimag tomorrow to get acquainted with the operations of Shiveekhuren and Gashuunsukhait ports and start transportation from Tavan Tolgoi mine to Tsagaan Khad .

J. Munkhtsetseg

Traffic at Shiveekhuren-Sekhee port was restored.

Due to the first case of coronavirus in Eznee County, Alshaa Aimag, Inner Mongolia, China, the port was closed on October 16, 2021 at the request of the Chinese side.

The Chinese side has implemented a policy to prevent the spread of the plague and to strictly enforce the infection control regime, and in the past has built a decontamination and disinfection facility at the port of Sehee.

Subsequently, the parties agreed to establish a container exchange area in the border area of ??the Shiveekhuren-Sekhee border crossing, and the operation of the border began on the 25th on the basis of a diplomatic agreement to transport mining products, especially coal, between the two countries.



Source: Ministry of Foreign Affairs

//Looks like a review of the current law and practices to me? Draft amendments to be presented to Parliament in Autumn//. Hope I'm reading this wrong but to wait till autumn, let's hope PM can crack on while all this is being put through parliament also the changes PM have put forward to the government go well??... GLA

Intensify oil exploration and production

At the regular Cabinet meeting, the Minister of Industry and Trade, Mr. G. Yondon was introduced .

At the meeting, the Minister was instructed to present the production sharing agreement and oil reserves and production to the National Security Council .

In the future, the government will set up a working group chaired by the Deputy Prime Minister to intensify oil exploration and production. The working group will review the production sharing agreement concluded with PetroChina Daqing Tamsag LLC and resolve the issue of renewing the agreement in accordance with the relevant legislation. The Prime Minister's decrees and official instructions will also be sent to the governors of the aimags where oil reserves can be identified .

Mongolia has been exporting oil since 2012, and the PetroChina Daqing Tamsag field is expected to produce 1.5 million tons of oil a year . However, at its peak, it reached 1.1 million tons per year . Therefore , it is necessary to increase the supply of raw materials for the refinery to be commissioned in 2025 . In particular, PetroChina Daqing Tamsag will follow through on its deposit development plan, increase production, and build up reserves by intensifying exploration in other potential areas.

In the past, a total of 2 trillion 35 billion MNT has been transferred to the state budget under oil production sharing agreements, and about 200 billion MNT is paid to the state budget annually

Bowley maybe of interest if you can translate, gives a list of licenses that have been issued to "other companies"
as well as PMs from 2006 so maybe once this license situation is resolved and made public maybe it'll be included in this. https://www.iltodgeree.mn/

IFC, a member of the World Bank Group, is the world's largest private development agency, focusing on the private sector in emerging markets. In fiscal 2021, IFC set a record $ 31.5 billion for private companies and financial institutions in developing countries, highlighting the role of the private sector in eradicating extreme poverty and providing incentives for inclusive growth in countries struggling with the pandemic.

They hope that this initiative will strengthen mutual trust between investors and local communities and give a clear impetus to the sustainable and inclusive development of Mongolia's mining sector. With the way Mongolia's processes work I hope it's sooner rather than later. I don't think we are mile's away but I believe once the borders are open then it's game on but again we know how long these things can drag on. AIMHO. GLA

Makes me wonder now the meeting has been held if the necessary documents and information needed to progress through the relevant people or departments may accelerate the process so we can get on with the job and maybe start production sooner rather than later and hopefully China open the borders so we can crack on and see an appreciation of the share price to match. One lives in hope. GLA

As part of Mongolia's Vision 2050 long-term development policy, the government aims to develop transparent and accountable mining. Mining and heavy industry play a key role in the recovery policy to accelerate economic development. Increasing access to information and building trust at the local level is an important component in the successful implementation of long- and medium-term policies. The International Finance Corporation's Transparency for Development program works with government agencies, mining companies, and civil society organizations to improve current practices in the disclosure of mining information in the form of open data and to strengthen the digital and analytical capacity of data processors.

As part of the program, a multi-stakeholder discussion on “Mining and Community: Trust-Building Data” was held today at the Shangri-La Hotel. The purpose of the forum is to raise awareness of the use and disclosure of open data, which is important for the people of the mining region, and to guide and stimulate multi-stakeholder dialogue on the needs of local communities related to mining revenue management, society, the environment and governance. The organizers of the discussion emphasized that

Rufat Alimardanov, Resident Representative of the International Finance Corporation in Mongolia, O.Batnairamdal, Deputy Minister of Mining and Heavy Industry, and B.Delgermaa, Transparency Coordinator for Development, Mongolia, opened the discussion. “Sharing data and information with local people and communities is crucial for citizens to be recognized and successful. In addition, Mongolia has an important role to play in attracting long-term investment and expanding based on the principles of sustainable and inclusive development, ”said Deputy Minister O.Batnairamdal in his report.

The International Finance Corporation (IFC) has also signed a Memorandum of Understanding (MoU) with the Ministry of Mines to promote e-learning and skills development for citizens and government officials to support the development of mining communities and increase the use of mining data. Through this MoU, IFC will provide technical assistance to the Ministry of Mines to learn best practices in open data, thus meeting the information needs of local communities in the mining sector and the effective use of existing data by relevant local officials, citizens and civil society organizations. The electronic ability is enhanced. IFC's support is part of the Transparency International Development Program.

IFC Mongolia Country Representative Rufat Alimardanov said, “Experience in ensuring effective transparency and using data and information is essential to help all stakeholders reap the benefits of investment in the mining sector. In particular, it allows local communities to better understand the positive effects of the mining sector, such as job creation and supply opportunities for local businesses, and the potential environmental and social risks

Mining and Communities: Confidence Building Data” will be held
2 hours 28 minutes
The Ministry of Mining and Heavy Industry and the International Finance Corporation's Transparency for Development Program jointly organized a multi-stakeholder meeting on “Mining and Community: Confidence-Building Data” at the Shangri-La Hotel on May 13. It will be held at 10 o'clock.

The event aims to strengthen stakeholders' understanding of open data and good practices for using open data to help raise awareness of the impact of mining activities at the local level, and the need for community outreach on mining revenue management and social and environmental impacts. In order to intensify the discussion, confirm the results, and provide information and feedback on the methodological and technical meetings to prioritize the data components that need to be made transparent in an open data format as a matter of priority in cooperation between IFC and MINE .

The Government of Mongolia aims to increase the competitiveness of the mining sector by intensifying geological and exploration work and developing infrastructure, and to develop transparent and accountable mining. Increasing access to information and building trust at the local level is an important component in the successful implementation of long-term and medium-term government policies .

The International Finance Corporation's Transparency for Development Program has been working with a wide range of stakeholders since 2019 to improve the current practice of disclosing mining information and making it transparent in an open data format . The purpose of the X program is to facilitate the processing and dissemination of information at the local level, and to make it easier to obtain and use relevant information .

At least some are active, https://www.google.com/url?rct=j&sa=t&url=https://www.naturalgasworld.com/tamaska-completes-drilling-of-snow-leopard-1-in-mongolia-98114&ct=ga&cd=CAEYACoTMjQ2MjU5NzM3MzU1MzI3NzcxNTIaNTUxYWMyNTFiMTZjMDIxZDpjb206ZW46VVM&usg=AOvVaw12QfJ78xRhDo0jO7eyZ0lK

Yes and perhaps we can now focus on the things that matter ,'ie' petromatad and I'm really looking forward to them becoming a producer and explorer in the not to distant future. GLA.

Good morning Jimi,


Thank you very much for your enquiry.



We continue to engage with local and central Government to secure all necessary permits.



Local officials remain reticent to discuss applications due to lobbying on social media by a vocal minority protesting against industrial activity.



This included at a recent local meeting when allegations were made about the Company’s Environmental Impact Assessment despite the fact it was prepared as per the regulations and has been approved by the Ministry of Environment.



Petro Matad continues to seek input from central government on issues that cannot be resolved locally and this strategy has resulted in progress on the long-running land issue.



For further details and an operational update please see our latest RNS released today: 05 May https://www.londonstockexchange.com/news-article/MATD/operational-update/15438197.



We appreciate your ongoing support.

Best wishes,

Petro Matad

Bit of a mixed bag today but overall happy to see a lot of questions answered. I will stick with my research as well as company announcements as I feel I get a more balanced idea of how to treat my time and effort towards my investment here. Now off for a cup of tea as on my break. GLA

Seems like they keep moving the goal posts year on year. GLA

Would appear that I've upset the governors, all the posts barring two or three have been removed, can't have fit in with the technical and analytical scope, oh well back to work. GLA

No nothing from the company as of yet.

If Spainish is correct and MB is in Mongolia then perhaps not that long. So until the next update GLA