Gatsuurt deposit discussions were held at the State Great Khural whether to include it into the strategic deposit list and the deposit was approved to be included in the list.
During the Transparency and Mining briefing held by Ministry of Mining information session was conducted on Gatsuurt Deposit.
Gatsuurt deposit proven reserves are at 50 tons of gold and profitable effect reserves are calcualted to be 25 tons, which fully complies to requirements for Strategic Deposit.
Mining license holder Centerra Gold LLC have got Gatsuurt Deposit Reserve Report approved in 2013 and Feasibility Study in 2014 by the Mineral Resources Council and the deposit is ready for the mining.
The exploitation of this deposit will create over 1000 jobs, development of the infrastructure and is expected to accumulate MNT 660 billion at the state budget.
Gold mined from this deposit if submitted to Bank of Mongolia, has potential to increasae the Mongolian Treasure fund and have significant effect on balancing the exchange rates according to the Minister of Mining.
Gatsuurt deposit discussions were held at the State Great Khural whether to include it into the strategic deposit list and the deposit was approved to be included in the list.
During the Transparency and Mining briefing held by Ministry of Mining information session was conducted on Gatsuurt Deposit.
Gatsuurt deposit proven reserves are at 50 tons of gold and profitable effect reserves are calcualted to be 25 tons, which fully complies to requirements for Strategic Deposit.
Mining license holder Centerra Gold LLC have got Gatsuurt Deposit Reserve Report approved in 2013 and Feasibility Study in 2014 by the Mineral Resources Council and the deposit is ready for the mining.
The exploitation of this deposit will create over 1000 jobs, development of the infrastructure and is expected to accumulate MNT 660 billion at the state budget.
Gold mined from this deposit if submitted to Bank of Mongolia, has potential to increasae the Mongolian Treasure fund and have significant effect on balancing the exchange rates according to the Minister of Mining.