Member Info for master82

Https://x.com/mastersriv/status/1824799042116673768?t=GHiCtSl3bx25DJQhMLvbFQ&s=19

Preparations for heron 2 has started.

We will get a better idea on Monday.

Today's meeting. It's being discussed in the parliament today.

The local governor and the mining minister both making their statements.

Questions were asked and answered by the Prime Minister, Deputy Prime Minister and Minister of Mongolia.

1. In the framework of the development of the eastern region as a specialized historical tourism region, the connection of Burhan Khaldun, Delung Dya, Halhgol, Buir Lake, Altan-Ovoo, historical tourism areas with infrastructure, and the establishment of an international airport and water port.

2. To use the revenue from underground wealth to support children's development, support the private sector in food and agriculture and tourism business, and support citizens with discounted loans, loan guarantees, and consulting services

3. Simplifying land allocation, subsidized loans, and infrastructure support for young people and women to start businesses

4. In addition to the feasibility study of mining deposits, social assessment should be carried out and cities and towns with social and cultural centers similar to Erdenet, Baganuur and Bor-Ondur should be built, where young miners go to work from home, their children go to school and kindergarten from home, and their families have jobs. , and to implement the policy of building railways and roads first

I wouldn't worry too much about large buys/sells.

We need MB to come clean and tell us what the situation is.

From the mining ministers meeting with the Chinese FM he stated there is going to be a meeting with PC in October.

I'm not sure if this is connected with PM. But we will have to wait and see..

MB needs to keep the PIs in the loop.

Sadly MB doesn't like informing his PIs. He likes to hide information.

Doc . Oil is flowing and being transported to PC facilities. We saw the two tankers in the tweet. In order to flow and test the well oil needs to be extracted. So oil is being sold to PC.

This share so badly manipulated. The more progress it makes the lower the SP goes.

We are producing oil and yet this is at 40m mcap. It was 90m when we had no progress or money.

NP guys. We all need to work together and share the info..

We should expect something soon. RNS indicated mid August for work completion.so test results should be available before the equipment is put together to complete the well for production.

PC deal needs to be finalised soon . Or at least get temporary agreement for use of the facilities whilst it's is finalised..

Better to make something than sitting idle for few months.

Https://x.com/DanMavr/status/1823641543216882161?t=e7JNZ1z6iHry8vKq1MziiA&s=19

Latest update. Thanks to Dan who has done the time laps .

Two meetings took place today.

S&P agency representatives met with relevant officials of the Ministry of Industry and Mineral Resources

At the meeting, opinions were exchanged on exchange trading of mining products and future cooperation.

At the beginning of the meeting, the Ministry of Industry and Mineral Resources presented to the representatives of the agency the current situation of the export of mining products of Mongolia and the export planning and performance in 2024.

The S&P agency clarified and exchanged opinions on the future trends of Mongolia's mining exports, product exports, prices, capacity of border ports, transportation, logistics, and infrastructure development.

#Ministry_of_Business_Mineral_Resources

The oil is being sold already to PC. Why panic. I've been following the mining ministry on Facebook and since he has been appointed there are meetings lined up almost daily

Doc Mongolian government will definitely want to be involved as they have a share in the oil.

They will also be buying the oil once the refinery is finished.

Unfortunately the new minister has only been appointed which is probably delaying the agreement.

Today's meeting . New minister reviewing another mining company..

Hopefully PM and PC should be discussed very soon.

New minister was only appointed at the end of July . He will definitely want to be involved in PC negotiation.

Minister of Industry and Mineral Resources Tsevegdorji Tuvaan reviewed the progress of the "Oyu Tolgoi" project

"Erdenes Oyu Tolgoi" LLC presented to the minister about the current situation of the "Oyu Tolgoi" project, shareholders, operations, geological resources, product production, underground mine development, and exchanged opinions about the project's problems and strategic plans. .

The project's exploration work began in the 1950s, and has been operating since the discovery of the Oyut deposit in 2001, the Hugo Dummet deposit in 2002, and the Heruga deposit in 2007-2009. On October 6, 2009, the shareholders of the Oyu Tolgoi project signed an Investment Agreement, and "Erdenes Mongolia" LLC, THR Oyu Tolgoi Ltd., formerly known as Ivanhoe Oyu Tolgoi, Oyu Tolgoi Netherlands B.V., and Oyu Tolgoi LLC are the shareholders. signed a contract.

From the Oyu Tolgoi project, in 2022, 34% of the government's share loan /$2,363 million / has been canceled, and taxes totaling $2,829 million have been collected in the budget of Mongolia in 2010-2023. Oyu Tolgoi project started ore processing in January 2013 and has the capacity to process more than 40 tons of ore per year. From the beginning of processing, 412.73 million tons of ore was processed in the first half of 2013-2024, and 7,919.58 thousand tons of concentrate was produced during the same period.

From the total investment of $14.3 billion in 2010-2023, $6.9 billion was spent on underground mine development, $1.3 billion was spent on underground mine current investment, $6.1 billion was spent on operating investment, and $3.1 billion was capitized as loan interest. As of June 2024, the construction process of the underground mine is 95% complete, and it is planned to be fully completed in December 2025.

https://mmhi.gov.mn/2024/08/13/

More equipment has moved in to the heron 1 site.

https://x.com/mastersriv/status/1823263781956300895?t=eIUKS5mvNrfyme1KAe2myA&s=19

46.834549,116.101736 approx coordinate for heron.

Google maps is more than 6 years behind.

It won't show up.

Has the meeting being delayed. The new minister must want to be involved in the negotiations.

He has been busy visiting different companies on daily basis.

Nothing we can do but wait

Can sell 1.4m in one go. Keep hold this is only going up.

Deal PC is done it's just agreement with numbers.

I can't see PC deal not happening.

Mms are just keeping this down as usual to play with weak traders.

Thank Dan for his excellent research. His lot more tech savvy than me.

We all work together to share info to benefit everyone on here who has invested..

Thank you Dan for amazing work.

Https://x.com/DanMavr/status/1821442602672980190?t=8eyqCAwI4Xqi3qQoggp4dw&s=19

No sign of Gobi yet. I'm sure they will start near to the time.