SouthGobi Resources Ltd announced that it has been notified by the Mineral Resource Authority of Mongolia that Soumber coal Deposit has been officially registered.
The registration process includes calculation of resources to Mongolian standards review of the calculations by MRAM-appointed industry experts and defense of the calculations before the Minerals Resource Committee.
Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20 year extensions.
Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in the coming weeks. The Soumber deposit is approximately 20 kilometres east of SouthGobi flagship Ovoot Tolgoi operation.(sourced from ubpost.mongolnews.mn)
The registration process includes calculation of resources to Mongolian standards review of the calculations by MRAM-appointed industry experts and defense of the calculations before the Minerals Resource Committee.
Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20 year extensions.
Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in the coming weeks. The Soumber deposit is approximately 20 kilometres east of SouthGobi flagship Ovoot Tolgoi operation.(sourced from ubpost.mongolnews.mn)
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