Member Info for master82

On August 1 of this year, the Minister of Industry and Mineral Resources Ts. Tuvaan and relevant officials of the Ministry of Industry and Mineral Resources worked at the Department of Minerals and Oil.

The meeting was attended by Minister of Industry and Mineral Resources Ts. Tuvaan, Advisor to the Minister Sh. Gankhuyag, Head of the Department of Minerals and Oil L. Bayarmandal, heads of departments and relevant officials. 

On this occasion, the head of the Department of Minerals and Petroleum, L. Bayarmandal, defined the policy of the mining and petroleum sector and expressed his cooperation in the development of the industry.

The Minister of Industry and Mineral Resources, Ts. Tuvan, emphasized the importance of creating an open and favorable environment to support businessmen and providing government services without complications. 

He also reminded that in connection with the adoption of the law on the National Wealth Fund, there are many tasks to be done, starting with the enrichment of the Savings Fund, and that the Ministry of Minerals and Petroleum should pay more attention to understanding with local communities and enterprises, to work personally on the ground, and that the zoning of the department should be in line with Mongolia's regional development vision. agreed with the concept and established.

 

This year, the Department of Minerals and Petroleum has planned to provide 95 goals and measures within the framework of 15 goals to the Budget Portfolio and ensure their implementation. Also, as of July 30, 2024, 188.2 billion MNT revenue has been collected in the state budget, and the implementation of the plan is 44.6%, the industry pointed out.

In addition, as of July 30 of this year, there are 8 PSAs in the exploration stage, 4 PSAs in the exploitation stage, and 1 PSA in the termination stage as part of the work to intensify oil exploration. There are 15 open oil exploration fields and 1 coal bed methane gas exploration field.

Are we getting RNS on Monday.

AMGTG organized 21 selections online

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As of July 30, 2024, the Department of Minerals and Petroleum has organized 21 online selections and collected 86.4 billion MNT in revenue for the state budget. Also, within the scope of intensifying oil exploration, there are 8 PSAs in the exploration phase, 4 in the exploitation phase, and 1 PSA in the termination phase. There are 15 open oil exploration fields and 1 coalbed methane gas exploration field.

Https://www.facebook.com/share/p/3DVBWbkwu5CQxeMo/

From this sentence it seems like the meeting has already taken place with oil field management.

"exchanged opinions with the management of the oil field."

Who else thinks the meeting with PC has already taken place and they are feeding information back to the new minister.

There are 18 people in the meeting.

This is the interesting part.

The Minister of Industry and Mineral Resources, Ts. Tuvaan, emphasized the importance of creating a more open and favorable environment to support business owners and providing government services quickly and without complications. exchanged opinions with the management of the oil field.

3 separate meetings has taken place today involving the the new mrpam minister .

This one is related to oil .

Minister of Industry and Mineral Resources Ts. Tuvaan familiarized with the activities of the Mineral and Oil Department 🇲🇳🇲🇳🇲🇳

The meeting was attended by the Minister of Industry and Mineral Resources Tsevegdorji Tuvaan, Advisor to the Minister Sh. Ganhuyag, Heads of relevant Departments of the Ministry of Industry and Mineral Resources, Heads of Departments and Departments led by L. Bayarmandal, Head of the Department of Minerals and Oil, and relevant officials. Minister of Industry and Mineral Resources Ts.

The Minister of Industry and Mineral Resources, Ts. Tuvaan, emphasized the importance of creating a more open and favorable environment to support business owners and providing government services quickly and without complications. exchanged opinions with the management of the oil field.

He also reminded that in connection with the adoption of the law on the National Wealth Fund, there are many tasks to be done, starting with the filling of the Savings Fund. , the zoning of the area was coordinated with the zone defined in the regional development concept of Mongolia and given the responsibility to set it.

On this occasion, L. Bayarmandal, Director of the Department of Minerals and Oil, determined the policy of the mining and oil industry, which is an important strategic sector of Mongolia, and cooperated in the development of the industry and supported the Minister of Industry and Mineral Resources Ts. The activities of the agency, the implementation of the strategic plan, and the problems faced by the industry were presented.

The Department of Minerals and Petroleum has planned to provide 95 goals and measures within the framework of 15 goals to the Budget Portfolio this year and ensure their implementation. As of July 30, 2024, the state budget has collected 188.2 billion MNT in revenue, and the plan has been fulfilled at 44.6 percent. was emphasized by the industry.

In addition, in order to increase the benefits and productivity of the mineral resources sector, and to make the services of government organizations open, unbureaucratic, transparent and accountable, we are working on e-government. In this context, in addition to obtaining reports and plans of exploration and mining work electronically, the activity of issuing mineral licenses through the selection process has been further developed in the electronic system www.tender.gov.mn and fully transferred to the electronic system. The sector noted that as of July 30, 2024, 21 rounds of selection have been organized online and 86.4 billion MNT revenue has been collected in the state budget.

https://mmhi.gov.mn/2024/08/01/

#Ministry_of_Business_Mineral_Resources

Sight watcher. Go back to bed,

There are 6 oil fields over the border in China.

There is facilities available which is bigger than PC facilities .

80 miles away is not far to transport oil from Heron. It's a straight road from heron to China border facilities.

DYOR on Google maps

Few oil fields very close to PC block 21.

Over the border in china I found 4 big oil fields. They must have facilities like PC .

https://x.com/mastersriv/status/1818717171335205318?t=6tiZUxvdUou6-4N-ppCdow&s=19

Gigi. I asked that question regarding the PC deal and what was plan B. Hence I am confident that PC deal is not an issue.

There are few oil fields very close to block 21 over the border in china approximately 80m away from Heron 1.

These must be the Chinese buyers . PM can strike a deal with them.

Shake the tree before the rise

We have corrupt mms here. The RNS is most likely logged and will be released tomorrow.

Heron is only a two week workover. How can it have delays

Doc . There are always sellers panicking when the MMs drop the SP.

I can't see any bad news coming.

PC needs PM oil. Mongolia needs PM oil.

IMO PC will most likely buy PM out and PM will likely to go in to renewables.

PC has invested hundreds of millions in Block 19 and 21 and I can't see them giving up these oil fields to MG.

Maybe the reason why DQE deal has been dropped .

RNS tomorrow

Minister of Industry and Mineral Resources Ts. Tuvaan received and met the management of "Erdenes Tavantolgoi" JSC 🇲🇳🇲🇳🇲🇳

At the meeting, Minister of Industry and Mineral Resources Tsevegdorji Tuvaan, Advisor to the Minister Sh. Gankhuyag, Heads of Departments and Departments of the Ministry of Industry and Mineral Resources, and relevant officials from the side of "Erdenes Tavantolgoi" JSC, Executive Director of "Erdenes Tavantolgoi" JSC H. Munkhjargal, Head of Mining and Technology Department Ch. Altanbagana, and Head of Finance and Investment Department G. Gantulga participated and exchanged opinions on the activities, strategic planning and future cooperation of "Erdenes Tavantolgoi" JSC.

At the meeting, "Erdenes Tavantolgoi" JSC presented the results of the activities carried out and implemented in accordance with the decision of the Mongolian National Congress and Government to Minister of Industry and Mineral Resources Ts. Tuvaan.

"ETT JSC" has mined 49.6 million tons of coal, sold 61.5 million tons of coal, collected 5.3 trillion MNT in the budget, which is 13% of the total tax revenue of the state budget. It was emphasized at the beginning of the meeting that

The net profit of the company in 2023 reached 3.5 trillion MNT, while the net profit of the first half of this year was 3.3 trillion MNT. In this way, in 2024, 200 billion MNT dividends have been collected in the savings fund.

Erdenes Tavantolgoi JSC / Erdenes Tavantolgoi JSC;

📌 By improving the organization of coal transport and supporting the activities of transport companies, the amount of revenue to be concentrated in the budget has actually increased.

📌 All coal transportation operations are made transparent and open, and the information of coal loaded from the mine is posted on the campaign website at any time and reported to the public.

📌Government Resolution No. 449 dated December 9, 2022 disclosed 7 state secret contracts related to Erdenes Five Heads JSC,

📌In order to improve the use of mines and increase the value of products, the project of "Coal Concentration Plant" and other ancillary projects are being comprehensively implemented.

📌Resolved the difficult situation in railway and infrastructure projects of strategic importance, resolved Tavantolgoi-Gashuunsuhait railway, Tavantolgoi-Zunbayan railway, Bogdhan railway, and oil pipeline projects.

📌 It was presented that 1.2 trillion MNT with 1072 shares of dividends were distributed to 3.4 million citizens from the net profit of 2022 and 2023.

📌Industry and Mineral Resources Minister Ts. Tuvaan emphasized the need to create a national savings fund related to the "Law on National Wealth Fund" and expressed during the meeting that he would follow a policy that prioritizes the common interests of Mongolia and its citizens.

Read more news by accessing the following link. https://mmhi.gov.mn/2024/07/31/

#Ministry_of_B

Updates on twitter helps the SP from drifting away.

PM has a bad habit of leaving PIs in the dark for long periods of times .

NP gigi. I still don't understand why it is so hard for PM to put images of the current operations at heron.

Https://x.com/mastersriv/status/1818382072261513243?t=ZqwhauPGe0yEMIWthxoPLw&s=19

Look closely doc. It's gushing

Sorry ignore the last one.

https://x.com/DanMavr/status/1818248409834250666?t=3C9Z-ef7sasJBdnlu-zU0Q&s=19