Loan increased but gold production slumped

Oct 16 • Companies, Mining • 689 Views • No Comments on Loan increased but gold production slumped

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Last year Mongolbank provied over $75 million of loan to gold companies.But its outcome is not promising. Regardless loan size increase, gold companies mined 1,3 tons less than previous year. It was because of “Golden East Mongolia” halted its operation and Boroo Gold temporarily stopped its operation. It was revealed by the L.Purevdorj, President of Mongolbank during the hearing of SGK .

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