Mongolia reopens its borders
As you well know, the situation of the COVID-19 pandemic has notably affected macro industrial jobs at the international level. Among them, the environment of the mining and extraction market in general of mega industries has been seriously affected.
This is because the companies and brands in charge of carrying out the entire sequence of activities are not all local but international. By having the sanitary barriers that prevent the access of foreigners, added to the socio-political policies of each country, the activities have been paused for more than a year until today for different industries and different entities.
With regard to mining activity in Mongolia, there are several gangs that are waiting to begin physical work on the ground with the opening of Mongolia to its borders after the intense lock-down it has had (like many other countries according to their contagion and risk indices).
According to a report from the U.S. Embassy in Mongolia, as of May 8, 2021, Mongolia reopened its borders, so we are already in talks to manage our drilling permit and deep exploration activities.
In the next few days we will have news about the dates assigned for our project, and we will finally be able to give an announcement of dates for the start of drilling in our selected licenses. We expect that this year will be very positive for our Project as well as for our roadmap and the mining industry as one big group.
- “Mongolia continues to severely restrict inbound travel from foreign locations and has banned the entry of all foreign nationals with limited exceptions; see Entry and Exit Requirements below. Most commercial flights, and all passenger rail, and passenger auto traffic into and out of Mongolia are suspended with limited exceptions though the government has announced its intention to gradually open borders beginning May.”
- “Travel into Ulaanbaatar is limited. If traveling from provinces with no infections registered, travelers may enter upon completion of a health questionnaire. However, if traveling from infected areas, entry will be conditioned upon a negative COVID-19 test received within the past 72 hours.”
- “Breaking news: The government made a decision to enter into the highest level of severity in terms of the spread of the COVID-19 or impose a strict lockdown for 2 weeks, starting from April 11. Due to increasing of daily infected cases, the cabinet decided to extend the current state of strict lockdown measures until May 8, Saturday.”
- “The COVID-19 pandemic led to a 51.6% decline in M&As in the first half of 2020 compared to the previous year, according to GlobalData. Mining deals, however, are projected to pick up in 2021 as supply shortfalls boosted commodity prices and increased miners’ cash reserves.”