The Minister of Mining R.Jigjid held meeting with media sector and expressed his position on OT underground mine financing.
"OT financing will be funded by the foreign and international banks and financial institutions. Thus, technical and economic feasibility study (TEFS) need to be accepted. Mineral Professional Council has accepted the TEFS recently. According to the information provided by OT, the underground mine financing is to be concluded by the end of this year", stated Minister R.Jigjid.
Rio Tonto BoDs approved the financing in accordance with preparations for underground mine development in August. As a result, equipment for the operation of underground mine and preparations are being forwarded without barrier.
Therefore, we think that underground mine development financing to be signed by the end of this year. In other words, we realized that the investors are making negotiations with international banks and financial institutions.
We claimed to resolve the financing urgently, reported by Gauli securities company.
Photo Source: www.ot.mn
The Minister of Mining R.Jigjid held meeting with media sector and expressed his position on OT underground mine financing.
"OT financing will be funded by the foreign and international banks and financial institutions. Thus, technical and economic feasibility study (TEFS) need to be accepted. Mineral Professional Council has accepted the TEFS recently. According to the information provided by OT, the underground mine financing is to be concluded by the end of this year", stated Minister R.Jigjid.
Rio Tonto BoDs approved the financing in accordance with preparations for underground mine development in August. As a result, equipment for the operation of underground mine and preparations are being forwarded without barrier.
Therefore, we think that underground mine development financing to be signed by the end of this year. In other words, we realized that the investors are making negotiations with international banks and financial institutions.
We claimed to resolve the financing urgently, reported by Gauli securities company.
Photo Source: www.ot.mn