Bayarmandal. L, Head of Mineral Resources and Petroleum Authority of Mongolia
I believe Mongolia must maintain regular participation in events like PDAC. It serves as a platform to consistently highlight the opportunities available in Mongolia, the ongoing efforts being made, and the quest for investment. It's noteworthy that other nations are also actively engaged in similar endeavors. Regarding this year's PDAC, we reiterated our commitments from the previous year and provided updates on various initiatives. For instance, we announced the transition to online selection processes for exploration licenses, a move that has seen successful progress.
Notably, over 200 licenses were issued last year alone. Investors are keen to understand the implications of recent legislative changes, particularly about the Law on Investment and Minerals. While specific details cannot be provided until the law is finalized, expectations remain high. In terms of emerging trends, there is a growing interest in lithium and critical minerals. It presents an opportunity for collaborative exploration and knowledge-sharing. As we navigate these developments together, we aim to provide valuable insights and information to stakeholders.
Mining Insight Magazine, March 2024 №3 (028)
