Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The header says it all! Booooom! Who will join against the corrupt MG government individuals and the bloody local governor. Lets show their true face to the rest of the world! lets demand sanctions against those corrupt individuals. Booom!
An anti corruption/investor protection protest should be organized at the Mongolian embassy in UK.
SELL OFF THE LICENSE TO PETROCHINA! GIVE VERY BIG MIDDLE FINGER TO THE CORRUPT MONGOLIAN SO CALLED THIRD NEIGHBORHOOD POLICY. GIVE VERY VERY BIG MIDDLE FINGER TO THE BLOODY LOCALS. THEY ARE TAKING THE INVESTORS FOR GRANTED. ENOUGH IS ENOUGH. SELL OFF THE LICENSE AND LEAVE THAT CORRUPT COUNTRY FOR GOOD RIGHT NOW!
We shall know where we are at if we look into the relevant land law. Fingers crossed. Hope the last 2 months were not in vain for progressing these actions.,
3.13. After the decision of the competent authority that the land has been taken for special state use, the following measures shall be taken:
3.13.1. Governors of provinces and capitals sign "Land Redemption and Exchange Agreements for Special State Needs" with affected citizens, enterprises, and organizations, and terminate the ownership and possession rights of the land;
3.13.2. the state administrative body responsible for land issues, the relevant central state administrative body, and the governor of that province or capital shall conclude a tripartite agreement on the use of land for special needs of the state. In the contract, the use, protection and control of the land acquired for the special needs of the state, as well as the procedures and regimes to be followed in detail; 3.13.3. the state administrative body in charge of land issues shall issue a certificate of state land for special needs to the relevant central state administrative body based on the agreement specified in Section 3.13.2 of this regulation;
3.13.4. the state administrative organization in charge of land issues shall take measures to fix the turning point of the land units acquired for the special needs of the state to the ground with the approved change, to make a cadastral map and register it in the land cadastral database; 3.13.5. the state administrative organization in charge of land issues shall deliver the relevant information of the land cadastre database specified in Section 3.13.4 of this regulation to the organization in charge of environmental and mineral affairs. 3.14. After the implementation of the measures specified in Section 3.13 of this regulation, compensation will be provided to the affected citizens, enterprises, and organizations, as well as the vacating and relocation of the area will be organized.
This maybe relevant...
https://mrpam.gov.mn/news/2601/
L. Bayarmandal, head of the Mineral Oil Department, received and met the executives of China's "Sinopec" group.
L. Bayarmandal, head of the Department of Minerals and Oil, together with the management of relevant departments, received the management of China's largest petrochemical concern "Sinopec Group" and "Donshen Oil Mongolia" today /15.08.2023/.
Wu Ruikun, Deputy Head of the International External Cooperation Department of China's Sinopec Group Company, expressed his interest in continuing cooperation with Mongolia in the oil sector under the PSA Agreement, and asked for support in solving some difficult issues.
During the meeting, the chairman of MRPAM, L. Bayarmandal, exchanged ideas on new opportunities for cooperation with "Sinopec" group in the oil industry and solving some problems in the current cooperation. Specifically, he expressed his proposal to increase oil production and reserves by investing and introducing new techniques and technologies, clarifying the supply plant for the crude oil produced by the "Donshen" company, and intensifying the issue of importing oil products/fuel from China to Mongolia.
Sinopec is one of China's 100% state-owned largest oil companies and ranks third in the list of TOP-500 companies in the global oil and petroleum sector. The main products are oil, coal and natural gas.
Not sure if someone posted the resolution previously here. just for curiosity, searched and found it and sharing below. GLTAH.
https://legalinfo.mn/mn/detail?lawId=16759939594931
DECISION OF THE GOVERNMENT OF MONGOLIA
July 5, 2023
Number 265
Ulaanbaatar city
REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE
Based on the provisions of Sections 16.1.8, 18.1.2, and 18.1.3 of the Land Law, the Government of Mongolia DETERMINES:
1. 21,392 ha (213.92 sq.km.) of the oil production sharing contract "Matad-XX" in the territory of Matad Sum, Eastern Province, shall be taken for special use by the state, and the change of the turning points of the land border and the size of the area shall be approved as attached.
2. The Minister of Mining and Heavy Industry, J. Ganbaatar, the Minister of Mining and Heavy Industry, J. Ganbaatar, Minister of Construction and Urban Development, to calculate the necessary costs and the period for land acquisition, to calculate and agree on the replacement or redemption of the land that coincides with the land of special needs of the state specified in 1 of this resolution. Minister T. Davasuren should be assigned the responsibility.
3. The Land Management, Geodesy and Cartography Department (J. Batsaikhan) should be instructed to register the land acquired for special state needs in the land cadastre state database according to the appropriate procedure, sign a land use contract, and issue a certificate.
PRIME MINISTER OF MONGOLIA L. OYUUN-ERDENE
MINISTER OF BUILDING AND URBAN DEVELOPMENT T. DAVAASUREN
The president of Mongolia is heading to the UK!
https://eguur.mn/407312/
The coronation ceremony of Charles III will take place the next day, May 6. The President of Mongolia, U. Khurelsukh, is going to attend this ceremony and has gone to Great Britain.
After the death of Queen Elizabeth II, Prime Minister L. Oyuun-Erdene once attended the ceremony.
In addition to President U. Khurelsukh from our country, his wife L. Bolortsetseg and Chairman of the Government of Ukraine D. Amarbayasgalan will participate in the enthronement ceremony of Charles III.
here you go: https://neguun.mn/r/4447
fingers crossed. GLTAH
it looks like we will have some news very soon. in the press conference following the cabinet meeting today one of the ministers mentioned that some government resolutions approved to resolve foreign investment related complaints. probably the PM land access certification included amongst the five resolutions he mentioned. Very possible i guess. DYOR and GLTAH
found very interesting job advertisement: https://www.facebook.com/Mongolrefinery/
Mongol refinery is hiring different engineers & specialists for the pipeline construction work which will connect the future refinery to Matad soum where XX block exists.
IMPLEMENTED BY PROCESSING FACTORY" LTD.
ALTANSHIREE, BUY DORNOGOV REGION TO MATAD, EASTERN PROVINCE FROM SUMA
CONTINUED UNTIL THE BULLET OF "PETROL OIL TRANSMISSION PIPE OIL"
ENGINEERING DRAWING OIL REVIEW TO CUSTOMER TEAM. TECHNOLOGICAL PROCESS AUTOMATION, SCADA TELEMETRIC MONITORING
CONTROL AND TRANSMISSION PIPES FOR SYSTEM ASSEMBLY WORKS
ENSURING NORMAL FUNCTION OF SYSTEM USER UE
WORK RESPONSIBLY.
REQUIREMENTS:
• BACHELOR OF AUTOMATION ENGINEERING
one of thier discussion was about special license area proposed by the mrpam. according to them previous proposal was rejected due to some land overlapping issue. and todays discussion was about reviewing the correction etc. the video has ended so wasnt able to see the conclusion
https://bloombergtv.mn/news/g1m93
"Petro Matad" will start drilling the "Velociraptor 1" well in Mongolia in June
Petro Matad: Obtaining the license for Field XX will generate cash flow
"Petro Matad", a company listed on the London Stock Exchange, has announced that it will start drilling the "Velociraptor 1" well in Field V in Mongolia in June of this year. It is estimated that 200 million barrels of oil can be extracted from the well. It is estimated that it will take 30 days to drill a total of 1,500 meters.
In addition, the Ministry of Mining and Heavy Industry has prepared the necessary documents for the exploitation license of the XX field, the statement said. As a result, the work of approving the said area as a special purpose zone remains.
If the permit is obtained, Petro Matad will be able to use the Heron-1 well and generate cash flow.
Petro Matad is offering shares at a discount to the primary market, and said it will use the raised funds to drill and evaluate the Velociraptor 1 field. It is also planned to spend on signing new contracts, developing energy projects, and securing mining permits for deposit development.
Petro Matad: Obtaining the license for Field XX will generate cash flow
https://eguur.mn/401574/
"Petro Matad", a company listed on the London Stock Exchange, has decided to start drilling the "Velociraptor 1" well in the V field in Mongolia this summer. Specifically, the work will start in the sixth month.
It is estimated that 200 million barrels of oil can be extracted from the well. It is estimated that it will take one month to drill a total depth of 1,500 meters.
Petro Matad in Mongolia oil strike | Upstream Online
"Petro Matad" offers shares in the primary market at a discounted price. The raised funds will be used for drilling and evaluation of the well. Along with this, it has been reported that it is planned to spend on the development of energy projects and the verification of mining permits for deposit development.
"Petro Matad" offers shares in the primary market at a discounted price. The raised funds will be used for drilling and evaluation of the well. Along with this, it has been reported that it is planned to spend on the development of energy projects and the verification of mining permits for deposit development.
In the company's statement, it was mentioned that the Ministry of Agriculture has prepared the necessary documents for the license for the XX area, and it was noted that the approval of the drilling site as a special purpose zone remains to be done.
The approval of the permit for the special purpose zone will allow the use of the Heron-1 deposit well.
All we need is a piece of paper approved by the GOM cabinet. I have found one example of such a letter publicly available on the internet, google translated below:
DECISION OF THE GOVERNMENT OF MONGOLIA
Number 28
REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE
In order to implement the government's 2016-2020 action program, based on Article 16.1.13 and Article 18.1.2 of the Land Law, the Government of Mongolia DETERMINES:
1. For the purpose of building an oil refinery, 150 hectares of land located in the territory of Altanshiree sum of Dornogovi province should be taken for the special needs of the state for the implementation of a large-scale national development project, and the change of the turning points of the land border and the size of the area should be approved as attached.
2. Head of the Department of Land Management, Geodesy and Cartography, Ts. Gankh, shall be instructed to conclude a land use agreement and issue a certificate in accordance with the relevant regulations at the Department of Special Needs of the State specified in Article 1 of this resolution.
Prime Minister of Mongolia U. Khurelsukh
Minister of Construction and Urban Development H. BADELHAN
Government No. 28 of 2018
annex to the resolution
Alaan55 why so serious? We are only in april. Wise men say only fools rush. Who said i am not losing money? But they are unrealized at the moment and i am not in rush. 2023 must be a year of MATD otherwise next year is the election year. if you dont see anything positve here then f off and come back in 2025 to this board. As i hate f negative quarrelling people i am filtering you lol. I will come back to this board when the SP reaches 18p in few months and unfilter you to remind. Have a good day.
Mr.WiseOwl always appreciate your never ending optimistic posts. I hope our good laughter on this board today is a good omen. GLTAH for the earthquake magnitude positive Q2 commencing in few days. best of luck folks.
okay. hope i right you are. hope give they permit land. hope away we week LP from granted. You thank OwlChatWise.
on the picture, is this guy giving us a middle finger? LOL. In case they dont give the permit what options does PM have? international court? selling the license to PC? MB should be extremely aggressive if we get another "no" again. enough is enough.
the full one hour of discussion was on fb as well. These local reps were so much against PM, dont know why. However the good news is that they eventually agreed they can do nothing legally as the central government requested the block 20 land area to be state special purpose. This discussion held in Sept so hope some progress since then. The land law discussion was postponed till next friday. Parliament members were generally supportive of the change in the law. Seems things are now in right direction. Just need little bit speed.
i recall few years ago Petrovis major shareholder influential lady sold large amount of Matad stock. Please correct me if i am wrong. i am wondering why these local b*stards (local government) are attacking petro matad so hard on land permit whilst Petrovis is too influential company in country. I hope i am wrong. I hope it is not Petrovis back tsabbing. i think MB is reliant on Petrovis. If Petrovis doing the nasty work MB can do nothing. Again, i hope i am wrong. Petrovis gyus have to prove it and make the MATD triumph again.