Government supports for gold extractors - News.MN

Government supports for gold extractors

Old News! Published on: 2015.08.27

Government supports for gold extractors

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Last month, the Government of Mongolia approved a protocol on “Preliminary Financing of the Purchasing Gold”. Under this protocol, the Government has decided to provide MNT 256 billion to gold mining companies. Currently, 46 entities requested financial support. During the first seven months of 2015, the Natural Resource Authority transferred MNT 24.4 billion to the State Budget, of which MNT 19.2 billion comes from the payment for obtaining special permission for geological exploration, MNT 1.1 billion from exploration indemnity with the State Budget money, and MNT 4.1 billion from other sources. Also, the Petroleum Authority of Mongolia (PAM) has transferred MNT 102.7 billion to the State Budget.

 

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