With the Government Resolution to Increase the Gold mining and Economic Stimulus a working group has submitted Gold mining entities proposals to Bank of Mongolia, which resulted in positive negotiations with the Development Bank and Bank of Mongolia.
The loan will be available through commercial banks and to be financed by Bank of Mongolia with the guarantees up to 30 percent of the operations plans from the Development Bank. Minister of Mining R.Jigjid also noted that the entities operating gold mine can apply as consortiums for the Development Bank guarantee. 956 entities have applied for the special exploration licenses at the Mineral Resources Authority of which 773 entities have applied online.
Out of total entities applied 899 have domestic investment, 45 have 100 percent foreign investment and 12 are joint invested companies. Cadastre Department have issued 1686 online queues since January 26th through 16 sessions.
With the Government Resolution to Increase the Gold mining and Economic Stimulus a working group has submitted Gold mining entities proposals to Bank of Mongolia, which resulted in positive negotiations with the Development Bank and Bank of Mongolia.
The loan will be available through commercial banks and to be financed by Bank of Mongolia with the guarantees up to 30 percent of the operations plans from the Development Bank. Minister of Mining R.Jigjid also noted that the entities operating gold mine can apply as consortiums for the Development Bank guarantee. 956 entities have applied for the special exploration licenses at the Mineral Resources Authority of which 773 entities have applied online.
Out of total entities applied 899 have domestic investment, 45 have 100 percent foreign investment and 12 are joint invested companies. Cadastre Department have issued 1686 online queues since January 26th through 16 sessions.