Geological information goes online soon
18th of 9, 2017
It is widely accepted that potential foreign investors in the geological and mining sector will look for an improved legal environment and stable policies, but no less important is to allow them easy and detailed access to geological information. To this end, The Mineral Resources and Petroleum Authority of Mongolia (MRPAM) has taken up the Mongolian Geological Information Catalogue System (MonGeoCat) project to prepare, according to international standards, an integrated geosciences database which will provide Mongolia’s geological information and data to investors and others interested in them. The Australia-Mongolia Extractives Program (AMEP) is financing the project, and also providing technical assistance, while a domestic geoscience IT company, Oyunii Tsomorlig Impex LLC, is developing the metadata catalogue system.
The MRPAM made a presentation on the project at a meeting on 18 August, which was attended by, among many others, G.Nandinjargal, State Secretary, John Langtry, the Australian Ambassador, the AMEP project team, representatives from the National Security Council, and D.Amarsaikhan, Advisor to Oyunii Tsomorlig Impex.
In his introductory remarks, B.Baatartsogt, Head of the MRPAM, expressed his gratitude to all who had contributed to the development of MonGeoCat. State Secretary Nandinjargal called it “a huge first step” and added that the database was the result of the dedicated work of generations of geologists. Ambassador Langtry highlighted the major role of AMEP in the project. He said Australia could attract “quality investment only by making geological information easily accessible to all”. He was happy that Australia had now shared its experience in this with Mongolia and hoped that the system would help make the mineral resources sector become the leverage for the country’s economic development.