PDAC Convention highlights

The American Chamber of Commerce in Mongolia

2018-03-06 14:00 GMT+8

This year’s PDAC Convention was attended by over 200 representatives from Mongolia.

During a PDAC conference, the Mongolian Minister of Mining and Heavy Industry spoke to attendees about Mongolia's plans for establishing a resource treasury fund, beginning with the issuance of Erdenes Tavan Tolgoi shares as an IPO available to the international market.

Xanadu Mines reported on their plans to be dually listed on the Toronto Stock Exchange.

Investors attending the Mongolia conference asked about the stability of Mongolia's tax environment and asked for clarification about tax reforms that would impact the transfer of special mining and exploration licenses. The Minister of Mining told investors that the government is working on tax solutions that would focus on a company’s profits rather than its sales.

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