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Here is a reason why I am confident that provincial government won't get involved.
An example of selling 2,000 hectares of land like bread by allowing foreign investors to violate the Land Law is the case of Kashigawa, a Chinese with Japanese citizenship, who owns land called 2 Frogs in Bayantumen Sum, Eastern Province.
It is unfortunate that Mongolians themselves made a decision to grant rights in violation of the law while they made the Mongolian law the law.
That is why we should be careful about land relations when supporting foreign investment.
Representative of the Eastern Provincial Assembly Ch. ERDENEBAT 2024. 03.21
Barriers to exploration
75 percent of Mongolia's territory is under special protection in some way, so the remaining 20 percent can be explored. However, the Deputy Minister of Mining and Heavy Industry, B. Uyanga, reported that only about two percent of this number has been granted a special permit.
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On the other hand, since November 2022, the activity of granting special exploration licenses has been conducted openly in the electronic environment, the licensing has been relatively intensified. Since 2017, mining and heavy industry minister J. Ganbaatar has previously emphasized that special exploration permits have been issued by selection, or only to specially prepared areas.
The prospecting license provisions contained in the revision of the Minerals Law will be very important in determining the future of the industry.
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Deputy Minister of Justice and Internal Affairs B. Solongoo expressed his opinion that it is more effective to promise investors the stability of policy and legal environment rather than tax concessions and exemptions.
Investors will no doubt be watching closely to see if it brings decision-friendly stability, or a return to previous periods of sudden swings, erasing all gains.
Investors are worried about the false information that they are going to issue special permits for the state-sanctified mountains and water sources.
Published: March 20, 2024 10:35 am
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Photo: SeongJoon Cho/Bloomberg
75% of Mongolia's territory is under some form of special protection, so the remaining 20% can be explored, but currently only about 2% have been granted special permits.
Mongolia, which is highly dependent on mining, still lacks the necessary capital to fully identify and use its natural resources. The need to increase exploration licensing in order to implement the next big projects, which will be Oyutolgoi, was one of the main topics of the discussion on "Less Mining" organized by "AmCham Mongolia".
Doc you’ve been decamping since last year.
Do you not see the sp on an uptrend.
Only district signature is required .
Money has been transferred too.
I bet if it reached 20p you would still deramp
For the non believers. This was published in January.
Block 20to be Approved in 2024.
Pine in company
will be established.
PTAH
1st quarter, ІІ quarter, Х quarter, IV quarter
In the first half of the year: 135.5 billion tegrek Yearly: 361.5 billion tegrek
304.16 billion tokreg
tesvet income
Upomi clarified
At the cost of operations
To organize the work of maximizing the revenue by calculating and calculating the incentives for telex telber according to the production sharing agreement
3.0.1.
GTAH
season, season 1, season III, season IV
law, 1 conformed
In the relevant legislation
In the relevant legislation. law, niytseli
The law is in compliance with the product and the power plant.
Organization of work to ensure compliance with the Law on Guar Oil and supervision of the enterprise conducting activities related to the production of PSA.
3.10.
PTAH
Season 41, Season II
In the first half of the year: At the end of the year: 4
Number of 4 approved tolovlegee and tesv in proposal, basis and conclusion
At the cost of operations
3.10.1.
Toson-Uul XIX, Tamoag XXI, Matad XX. 1007 Production Sharing Contract Area to be studied and approved in 2024
PTAH
Season 1, Season I
In the first half year: 4 At the end of the year. 4
Number of reports with opinions and 3 reviews
At the cost of operations
3.10.2.
To review the 2023 NEET Hedelgeen report of Toson-Uul, Tamsag, Dzhunbayan, Tsagaan-Elo, and Tsentogoru oil fields and make opinions
GTAH
Season III and Season IV
In the first half year: At the end of the year: 16
28 of the TOO report that was reviewed and submitted to the NAO
3.10.3.
At the cost of operations
Receive aoax reports of reimbursable costs from contractors and perform audits
utilization 50%
Exploration,
Season 1, Season II, Season III, Season IV
Oondt
100%
To inform the public about the law. advertising
Dissemination of industry information and advertising in the local area, organization of knowledge training, and promotion to the public
3.11.