RE: V1 COS & Price Build Up Through Drill15 Jun 2023 07:26
The Mongolian Ministry of Construction & Urban Development has now completed its internal work on certifying the exploitation area as special purpose land, and has submitted the documentation to all other government ministries for comment prior to submission to cabinet.
Petro Matad said it has continued to press the relevant authorities to conclude this process.
For the past year, the company has struggled to certify its flagship licence in the east, due to local opposition. Most recently, meetings held on a provincial level in the Matad district saw citizens committees vote against the central government’s certification proposal.