Work on Asgat deposit will begin when money is found
State Secretary of the Ministry of Mineral Resources and Energy Khurelbaatar has said that work on the Asgat silver deposit can begin if investment issues are resolved. Over 50% of the total territory of Bayan-Ulgii province is covered by exploration licenses, but this large and strategic deposit still lies idle even though a feasibility study was made as early as 1976. The issue was discussed by the 2004-2008 Parliament but no decision was taken, as many MPs were wary about Russian interests. At present, a working group is assessing the possibilities of beginning work.
Khurelbaatar made the comment when he was in Bayan-Ulgii, also known as the homeland of the Kazakh people, with Prime Minister S.Batbold on his tour of the countryside. Apart from this assurance, the Prime Minister also announced some projects for the western province. A 65-km paved road toward Ulgii-Khashaat will be built, the Ulgii airport will have a sturdier runway costing MNT11.1 billion, and MNT1.7 billion will be spent on a sports complex. Batbold told the local people that better and stronger economic ties with Russia and Kazakhstan will be beneficial for them.
Khurelbaatar made the comment when he was in Bayan-Ulgii, also known as the homeland of the Kazakh people, with Prime Minister S.Batbold on his tour of the countryside. Apart from this assurance, the Prime Minister also announced some projects for the western province. A 65-km paved road toward Ulgii-Khashaat will be built, the Ulgii airport will have a sturdier runway costing MNT11.1 billion, and MNT1.7 billion will be spent on a sports complex. Batbold told the local people that better and stronger economic ties with Russia and Kazakhstan will be beneficial for them.
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