SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?


To: Dave R. Webb who wrote (2384)7/4/1998 10:40:00 AM
From: Pete Schueler  Read Replies (1) | Respond to of 4066
 
Dave, On that site you posted there was an article that caught my eye;
Ulaanbaatar, July 3. /MONTSAME-OANA/. Environment and Agriculture Ministers issued an order instructing owners of mineral exploration and using license to pawn a caution money as a guarantee of their responsibility before nature protection, in accordance with the Mongolian Mineral Law. The order also regulates expenditure of collected money. According to the regulation, geological and mining companies due to deposit caution money equal to more than 50 per cent of sum which is to be expended in a particular year for mineral business and transfer the money to the account of the Governor's Office of relevant location

What does this mean for MGR? Is this a environmental security bond?
Regards, Pete