Steppe Gold is a precious metals exploration and development company focussed on opportunities in Mongolia. The Company owns the advanced-staged ATO Project in Mongolia, acquired in 2017 from Centerra Mongolia, a subsidiary of Centerra Gold Inc. The Company has an objective to commence production in the third quarter of 2018. Steppe Gold has also acquired an additional exploration-stage mineral property in Mongolia, the Uudam Khundii (UK) property.
PROVEN IN-COUNTRY TEAM
STEPPE GOLD SIGNS A MOU WITH THE GOVERNMENT OF MONGOLIA
Steppe Gold’s executive chairman Matthew Wood with J.Ganbaatar Head of Mining Policy department of Ministry of Mining and Heavy Industry.
Honorary Ambassadors of Canada and Mongolia, Minister of Mining and Heavy Industry, Members of Parliament Mongolia.
Steppe Gold Limited is the first company to implement the Mongolian government’s “Gold – 2” programme.
Gold – 2 programme is a new government plan to support gold exploration and mining companies in order to reach its goal to double the annual gold production by 2020.
Gold – 2 programme provides:
- Favourable royalty and tax regime.
- Accelerated permitting procedures to start the mine.
- Simplified provincial regulations.
- Government support to increase Mongolia’s gold and foreign currency reserves.
- Central Bank’s financial support.
- Steppe Gold is committed to invest over US$25M and commence mining operations within next 3 years.
MONGOLIAN AND CANADIAN GOVERNMENTS SIGN FIPA
Mongolia’s Minister of Mining and Heavy Industry, Mr.Tsedev Dashdorj with Canada’s Minister of International Trade, Mr.Francois-Philippe Champagne in Toronto. March 7, 2017 Toronto, Canada.
The FIPA will provide Canadian investors operating in Mongolia with a legal framework that will help bring greater predictability and certainty with respect to their investments.
- The Foreign Investment Promotion and Protection Agreement (FIPA) was signed between the two countries in September 2016 and has entered into full force March 7th 2017.
- This agreement sets out a framework of legally binding rights and obligations that will protect Canadian investors in Mongolia.
- Canada is one of the top investors in Mongolia, largely in the mining sector. In 2015, Statistics Canada estimated Canadian investment in Mongolia at approximately $6.4 billion.
- Canada supports the improved governance of Mongolia’s natural resources sector, including through capacity building on public sector management and development and the implementation of policies and regulatory frameworks based on international best practices.