RE: Raptor trend23 Jun 2023 11:52
Translation
An extended meeting of the Mineral Resources Professional Council was held

The expanded session of the Professional Council of Mineral Resources No. STR/23-03 was held on June 22, 2023 in the Conference Hall of the Mineral and Oil Department.
At the meeting, the feasibility study (detail) of the underground leaching mining and processing plant of Zövch-Ovoo and Dulam-Uul uranium deposits located in Ulaanbadrak sum area of Dornogovi Province was discussed.
The management and experts of the contractor Mining Institute and the client French-Mongolian joint company "Badrah-Energy" participated in the meeting and presented the Feasibility Study to the members of the Professional Council of Mineral Resources.

On this occasion, the chairman of the AMGTG, L. Bayarmandal, made 13 recommendations and presented the reviews of experts. Also, the members of the Professional Council of Mineral Resources asked questions related to the feasibility study, discussed opinions and criticisms, and received clarifications from the customers and contractors.
Thus, the members discussed the issue, partially accepted the feasibility study, and considered it necessary to refine and present the economic calculation and evaluation, and the extended session ended.
The participants emphasized that the above project will be considered as the largest economic development after Oyutolgoi. With the implementation of the project, more than 800 direct jobs and 800 indirect jobs will be created in Mongolia, and it is estimated that 2.1 billion US dollars in taxes will be collected in the state budget.