Member Info for Jimithebrush

Probably so they can buy more cheaper imo. GLA

Been following Canadian firms in the medical cannabis sector for a while and have decided to through a few quid into KNB. Seems there is plenty of attention here. GLA

Source: General Customs Office

In the first month of the year, exports of copper concentrate reached 109.5 thousand tons and reached 194.3 million USD. This is an increase of 7.3% in physical terms and 41.3% in monetary terms. Not only has copper prices risen in the market, but the amount of gold in Oyu Tolgoi concentrate has increased, contributing to the increase in copper concentrate exports. As a result, copper concentrate has become the most exported product in our country.

Iron ore exports declined significantly in the same period, but revenue increased 24% to $ 73.1 million.

In the first month of the year, oil exports reached 519.2 thousand barrels in physical terms and amounted to 25.5 million USD. As a result, oil exports rose 33.6 percent last month.

As for other minerals, fluorspar exports also increased in terms of revenue, while zinc concentrate and molybdenum concentrate decreased. GLA

Further to the Bloomberg video, not one to give up to easily, all I can manage is the interview is on about the price of fuel, exploration potential and the building of the oil refinery. Tried various different translation apps but will only accept so many seconds per piece, even tried Facebook but to no avail. I'm sure all will be made clear soon enough. It obviously wasn't price sensitive information. GLA

http://www.xinhuanet.com/english/2021-01/27/c_139701776.htm

RNS Number 1659H 23rd March. The company's exploitation license application will cover an area that includes both Heron and Gazelle discoveries and the sounding near field exploration potential identified by the company.

The law was approved by a majority of MPs after a final discussion and discussion at the plenary session of the State Great Hural (Parliament) on January 29, 2021.

The Standing Committee also called for amendments to the Law on Petroleum and the Law on Construction for the following reasons.

1. In connection with the draft law's support for the principled disagreements of working group and standing committee members, sections 5.1 and 5.2 of the draft law, the state-owned oil refineries and crude oil pipelines were designed, certified and constructed. To add to the Law on Construction international norms, rules, standards and regulations related to the issuance of construction permits;

2. Sections 6.4, 6.5 and 6.6 of the draft law support the principled proposals of the working group and members of the standing committee. According to the Press, Information and Public Relations Department of the State Great Hural, the draft laws on amending the Petroleum Law have been newly drafted and approved. Sorry in two parts GLA

The law on supporting oil refineries was approved
20 hours 32 minutes ago

The draft law on support for oil refineries was submitted (January 20, 2021). The purpose of the draft law is to build an oil refinery within the planned timeframe, to intensify project activities, to determine state support, and to create legal regulations. During the plenary session of the State Great Hural (Parliament) (January 22, 2021), during the discussion of whether to discuss the draft law on supporting the oil refinery, it was important to ensure that the draft law will cover the investment costs in a short time and repay the loan to India on time. Minister G.Yondon stated.

At the plenary session of the State Great Hural (Parliament) (January 28, 2021), the draft law on supporting the oil refinery was discussed, and MP N.Naranbaatar presented the opinion of the NPC. The Standing Committee on Industrial Policy discussed the draft law on supporting oil refineries (January 27, 2021). During the preparation of the draft law for discussion by the Assembly and the Standing Committee, the Working Group developed 13 proposals with fundamental differences and 1 drafting proposal, which was discussed and supported by the NPC.

The Government should resolve the issue of giving priority to exploration and production activities in order to stabilize the raw materials of the oil refinery, as well as expedite customs clearance of machinery, equipment, raw materials and inventory required for the construction of the refinery. This includes the translation into Mongolian of international norms and standards required for the operation of oil refineries and crude oil pipelines.

The draft law was discussed at the plenary session of the State Great Hural. “Article 1.1 of the law aims to regulate the establishment of a state-owned oil refinery based on domestic raw materials and state support for crude oil pipelines in Altanshiree soum of Dornogovi aimag. 90% of the members present at the general meeting supported the proposal to change the name and term of the project to “Oil refinery”. Thus, the draft law was voted on by 4 editorial proposals.

Members asked questions and commented on the draft law. For example, MP T. Enkhtuvshin said, “We support the draft law on supporting the oil refinery. The Mongolian government's major development projects and fuel are strategically important products of any country. The ancillary infrastructure of the refinery was completed in two years. (27 km of branch railways, 17.5 km of heavy roads, housing, and 18.2 km of power transmission lines have been built and put into operation.) India will soon import pipelines and water pumps. Therefore, we need to create a legal environment. ” The draft law was put to a vote on a wording of a drafting nature and was referred to the NPC for final discussion.

The law was approved by a majority of MPs after a final discussion and discussion at the plenary session of the State Great Hural (Par

You can always sell up and move on, me, I'm here for the raptors and always have been. If the Mongolian Govt wanted to shaft PM I think it would have happened long before now. And if that was the case it doesn't send out the right message for foreign companies wanting to come into the country plus Mongolia has just been taken off the EU's foreign countries risk list. Eventually for those with enough patience will be rewarded. GLA :-))

Sorry peeps but not able to put a decent piece together. I suppose it carnt have been bad news only good. Being broadcast over media channels can only stand us in good stead and the SP didn't tank, will continue to wait, GLA

I'm going to use my speech to txt translator
app but carnt until tonight as still at work and see if I can post any info. GLA

Don't know what's been spoken but translated the title, Petro Matad are in the process of obtaining a mining licence, that's the best I can do. GLA

Mongolia removed from EU blacklist
2021/01/22

On January 18, 2021, the official journal of the European Union published a resolution removing Mongolia from the so-called EU blacklist of third-country countries that lack strategic strategies to combat money laundering and terrorist financing. This resolution shall enter into force on the 20th day after its publication in the journal.

In connection with the inclusion of Mongolia in the FATF's list of countries with a lack of strategies to combat money laundering and terrorist financing in October 2019, the EU's high-risk third-country countries will be included in the gray list. was included in the list.

Government agencies, professional associations and the private sector have worked closely together to remove Mongolia from the FATF's gray list and have successfully fulfilled the tasks assigned to them by the FATF. The FATF praised Mongolia's progress in strengthening its anti-money laundering and anti-terrorist financing system and decided to remove it from the FATF's gray list on October 23, 2020. As a result, Mongolia was able to get off the gray list in less than a year, compared to other countries. Therefore, the European Commission assessed Mongolia's lack of strategy to combat money laundering and terrorist financing in accordance with the requirements of EU Resolution 2015/849 and made the following conclusions. These include:

"Based on the relevant information, the European Commission has assessed that Mongolia has remedied its strategic shortcomings in the anti-money laundering and anti-terrorist financing system. Mongolia has strengthened the effectiveness of its anti-money laundering and anti-terrorist financing system and fully implemented the tasks set out in the action plan to address the strategic shortcomings identified by the FATF. These measures have been sufficiently extensive to meet the need to fully address the strategic shortcomings set out in Article 9 of EU Resolution 2015/849. ” he said.

Removing Mongolia from the EU's list of high-risk third countries will increase opportunities to establish business relations with EU member states' banks and financial institutions, complete transactions in a short period of time, and implement EU-funded projects and programs.

Please read the resolution No. 2021/37 published in the official journal of the European Union on January 18, 2021 at the following link.

Official Journal of the European Union-Commission Delegated Regulation (EU) 2021/37

/ Reported by the Bank of Mongolia branch in Dornod aimag /



© 2021 Jaran.MN |

Whatever next!!!

Yes and PM in a prime position. GLA

Our preparations for both are complete and we are working to conclude the final stages of the approval process as soon as possible." Hope to many won't be to disappointed if the EL doesn't turn up like people are anticipating in a few weeks time. I really hope it does, I want it as much as everyone else. GLA

Having just flipped through today's posts and having read the RNS twice which is good news but we still wait, can people who are saying that we should know the outcome in the next 4/5 weeks tell me how they come to that conclusion as it doesn't give any dates other than its progressing through the relevant channels, imho I believe we will have to wait a little longer than 5 weeks because as we are all well aware this has been nothing but the long game. I would have liked the EL announced as much as everybody else so I'm going to say it again, a little more patience required. Slow and steady suits me sir :-)) GLA

Mongolian drivers at the 19th oil field have gone on strike
2021/01/05

Mongolian drivers transporting oil from the 19th oil field to the Bichigt port have been on strike since January 4. They deliver oil to the Chinese port of Zuun Khatavch, where Mongolian drivers' temporary accommodation is in poor condition. The strike was called on China to improve the conditions of the building. All the more reason for the government to award the EL I would think. GLA

Don't think face to face meetings will be going ahead for a bit longer so will they do one over the internet I wonder? GLA
httpss://www.google.com/url?rct=j&sa=t&url=https://akipress.com/news:652756:Mongolian_Health_Ministry_proposes_extension_of_lockdown/&ct=ga&cd=CAEYAyoUMTQyNjgxODM3MTI0ODM1MDk5NTcyGjU1MWFjMjUxYjE2YzAyMWQ6Y29tOmVuOlVT&usg=AFQjCNG3pke1XF20U7cWj_VAREsbS4xpsw

s2000 I'm not sure if it was a post but I do remember reading something of a similar type articall and am wondering if it may have been included in an RNS Apologies if posted previously, it popped up on my news feed. GLA