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Really want to thank everyone who kept faith and kept us all positive . Specially to wise owl and the rest who gave us all hope even when it was really depressing waiting very long time

Booom . Thank the lord

This is what the the activist don't understand or tge local government. You need loans or foreign investments to prosper. Loans are a burden on citizens but foreign investment is a relief as there are no risks or repayment burden on the citizens.

Well, foreigners are worried about us and they are worrying about what to do with Mongolia. Just watched a program. Here is a summary of what was reported on TV. Mongolia has a lot of natural resources, but the lives of the citizens are exhausted, especially the young people are fleeing the country. The number of unemployed is very high! Young people hold large demonstrations, but the authorities do not take action, they are dumb. The ideals of human rights and democracy are fading. Japan has extended its helping hand for many years in support of democratic Mongolia. But what should be done next? The core of the problem is that the value of natural resources cannot be provided to the citizens! According to a World Bank survey, one in 11 Mongolians is working abroad to support their families. By 2021, 97,991 Mongolians have gone to work in countries such as Korea, Russia, the Czech Republic, and China. Mongolia's youth are sliding into poverty. It was also shown that the Tatar band is trying to influence the society through its music against youth poverty and corruption. Some data and information that appeared on the TV screen are included as pictures. #copy

Something is happening at local level.

The activist is not outside Parliament she is at the local government building.

Someone in the comment said it will be just like petro china. And her title is "a citizen of the united kingdom has no chance of getting state services."

Maybe its finally happening

Not sure what she is referring to . Could it be PM

The order of the working group to work in Dunshij Dunshij Tamsag was approved

Just reading some of post from different ministers regarding the new land law. I cannot believe the Mongols elects dumb clueless ministers who have probably never been out of Mongolia.

They don't understand that for any country to be prosperous you need foreign investment.

Even likes of Dubai, Suadi, USA, Uk. All need foreign investment.

Handfull of protesters are outside parliament. 20 max.

Thank you Barclay. Its better to share information amongst ourselves than to argue. Its pointless.

Its all looking good, we just need the LP Asap.

The number of inspections to be carried out by the state in the activities of #investors shall be determined by law

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Today (2023.07.04) the draft of the revision of the Law on Investments, which will be discussed at the "Mongolian Economic Conference 2023", was discussed by the Standing Committee on Economy of the Parliament. The revised draft was presented by the Minister of Economic Development Ch. Khurelbaatar. Here are the highlights of his presentation.

📍 In the first quarter of 1990-2023, 41.1 billion US dollars of foreign investment came into Mongolia. Of this, 73 percent is mining, 11 percent trade and services, and 16 percent other sectors. In the last 10 years, on average, 42 percent of foreign direct investment is Oyutolgoi investment.

📍In Mongolia, as of the first quarter of 2023, 246.8 thousand enterprises were registered in the State Register of Legal Entities. Of these, 9,350 enterprises with foreign investment are operating. From 1990 to 2023, a total of 14,836 GHO enterprises were registered in the register of legal entities, and 5,486 enterprises were liquidated. 33 percent of these enterprises were liquidated in 2010-2022.

📍 The draft of the revision of the Law on Investment has been open for discussion to citizens, enterprises and investors for 65 days. The following changes have been made.

- The requirement of 100,000 US dollars required for foreign investment to become an enterprise has been abolished.

- To protect the rights and interests of investors, the Council for the Protection of Investors' Interests was established.

- Foreign investors have the right to access international arbitration in case of investment-related disputes.

- The number of inspections conducted by the government in the investor's activities shall be determined and limited by law in that year.

- Obligations of government institutions in the field of investment are clearly defined.

- In the event that the state decides to compensate the investors by the decision of the competent body, there is a regulation on holding the official who made the decision accountable.

- Government services for investors will be provided on a one-stop basis.

- Duplication of the law that created doubts for investors has been removed. For example, tax support is regulated only by the Law on Taxation.

- The draft law states that the issue of granting a stabilization contract is resolved electronically.

I keep saying it but just take a look at PDR THEY HAD 24/25% chance of success. They found gas and today its trading at 16p. Only took few weeks fron 5p to 16p

We have Velociraptor-1 and heron field news on the way.

No point posting about these activists. There are 3 to 5 max. Mainly 2 who are always causing problems.

They are not going to stop PC or PM . They don't have any authority. Even the lical governor is helpless.

They are not going to affect PM

You only discovered that now. I've known about the whole situation from day 1 when they raided the heron field and stopped the drilling.

Nothing new here. I posted it back in 2019

Curious market knows the whole situation with the locals.

We are waiting for the government to give the LP.

PC is still operating so do not worry too much about the activists.

Local governor is also against PC and PM but that doesn't stop PC from exporting oil.

The activists are there because of laws broken by PC. Check their last weeks posts. Oil contaminated soil being covered up and mainly to do with tax mot being paid by PC.

Remember there are other mining companies in Mongolia but they are not targeted just PC.

Max that minister is anti mining companies. I follow him because you can some Mining related info. Don't worry too much about these ministers.

Mongolia needs money and no local minister is going to stop the vision of the prime minister. Look at the bigger picture.

IoM meeting was probably to maybe to do with mongols having a share in PM to make it look like a Mongolian company. Recent presentation is in Mongolian launguage too. They have not done that before.

Time will tell

Why would they blick the Land law when the Mongolians are looking for foreign investors.

Its a poor country with plenty of natural resources.

No good having resources in the ground if you don't have money to exploit it.

Here is the link to the politicians page. I would say fair enough to the Mongols that the 100years is a very long time and they want time to be lot less for foreign companies.

https://m.facebook.com/story.php?story_fbid=pfbid02tirQtWJD5kvJSqLoHcb3YfgfTfJG3zY9PLhSATPpzKRFnPedGK3J56MP9LsiaLpyl&id=100044392789061

One of the dorno minister has put this on his Facebook page .

This week is the last days of the spring session of the Parliament. Where is the conference? The draft law to be discussed on the last day is the draft "Investment Law" developed by the Ministry of Economy and Development. Today will be the Standing Committee of the Economy. Accompanying this law, the Land Law is being amended. With the single-sentence change, Mongolian land was granted to foreign enterprises for a period of 60+40=100 years. Now there are 5+5=10 years. Mongolian citizens are allowed to own land for 15-60 years, and most land orders are issued for 15 years. However, it does not conform to the principle of justice and national security policy to allow foreign citizens to use the land for 100 years without changing the 15-year ownership to the citizens of Mongolia. Such an investment policy is not appropriate. This is a LEGAL THEFT that takes advantage of the festival and when people are distracted❗️

Currently nothing new available on PM.

I tried to get some in out from some of the employees of major drilling Mongolia but unfortunately only 1 responded and he was not working on Velociraptor-1.

Very disappointed with the LP situation. I don't post too much because its same people arguing 🤷. Better to just wait till something solid comes through.

Hopefully we get double good news next week

Sorry guys been very busy all week.

Nothing available on PM o

Back where it should be 7/8p minimum.

LP should be sorted by now. Its has been 2 months with this paperwork sign off .