Invesco Emerging Markets Sovereign Debt ETF V.PCY

Q&A with Lee regarding coal project in Mongolia

[alex7759]

1. according to the last annual form 20F dd Mai 10th 

«In accordance with relevant laws and regulations, mining feasibility study and detailed environmental impact assessment had to be updated for the Ulaan Ovoo Property. With the COVID-19 restriction, the approval was delayed but the update of the Ulaan Ovoo feasibility study was approved by the Minerals Resource Council on April 22, 2020, and by the Minerals Resource and Petroleum Authority on November 2, 2020. The Company is working to get approval for the update to the detailed environmental impact assessment for the Ulaan Ovoo Property». 

 

Have you got the DEIA approved already?  

 

 

Lee: we will clarify in due course, as we stated, production is scheduled to start in Q4 

2. How do you want to solve the issue with water? Pumping? Did you bring power line to the mine?
    

 

Lee: we are building the power line, and we can pump also, and yes COO visited the mine.

 

 

1. What is the name of your mongolian partner. 

 

Lee: they are arms length to the company and management

 

1. if 90.000t stockpiled why this was NOT included in the last finacial report as stock inventory. 

 

Lee: management had to verify 

 

1. Have you got an approval for a dam construction  which shall divert the river. 

Lee: we do not require water diversion to mine 

 

1. Shall Mega Coal after spinout be listed  on TSXV

Lee: this is the plan

 

1. Do you plan to sign an offtake agreement with a byuer this year?

 

Lee: yes 

1. when is planned a completion of the road construction from Tushig border point to Sukhbaator?

 

Lee: government is constructing the road right now, we don't have a timeline