Companies in or considering getting into the Mongolian mining industry need to be aware of new changes in procedures for obtaining a license for minerals exploration. Recent changes to exploration license legislation facilitate:
Mongolian Metals Corporation LLC (MMC) is a Mongolian mining company with a portfolio of exploration licenses representing significant deposits of copper, gold, molybdenum, coal and quartz across four aimags of Mongolia. The company also benefits from strong ongoing access to further license acquisition opportunities. MMC is a spin-off from Asia Pacific Investment Partners. MMC was founded in April 2008 and has to date acquired four exploration licenses in Mongolia. Aggregate investment into MMC since at 31st December 2008 totaled circa US$6.4 million. Investment into the business has to date been 100% financed by Asia Pacific Investment Partners Corporation Ltd (APIP).