Last year, gold mining companies have planned to explore 7.1 tons of gold and they explored 11.4 tons of gold at the end of the year of which over 920 kg gold were purchased by the Bank of Mongolia (BoM).
This year, 10 tons of gold were planned to be explored of which 3.6 tons of gold were mined as the first quarter of 2015.
Thus, Minister of Finance J.Erdenebat assigned Minister of Mining R.Jigjid and the President of the BoM N.Zoljargal to rationalize the financial structure of gold sector in order to ensure economic growth, support the development of specific sector, support national payment balance and increase net foreign exchange reserve.
In the framework of this order, up to MNT 256 billion, one year term and 9% interest rate financial support will be provided through commercial banks for gold miner companies.
Photo source: www.wallpaperscraft.com
Last year, gold mining companies have planned to explore 7.1 tons of gold and they explored 11.4 tons of gold at the end of the year of which over 920 kg gold were purchased by the Bank of Mongolia (BoM).
This year, 10 tons of gold were planned to be explored of which 3.6 tons of gold were mined as the first quarter of 2015.
Thus, Minister of Finance J.Erdenebat assigned Minister of Mining R.Jigjid and the President of the BoM N.Zoljargal to rationalize the financial structure of gold sector in order to ensure economic growth, support the development of specific sector, support national payment balance and increase net foreign exchange reserve.
In the framework of this order, up to MNT 256 billion, one year term and 9% interest rate financial support will be provided through commercial banks for gold miner companies.
Photo source: www.wallpaperscraft.com