Geo-database being developed to save exploration costsEconomy | Mining
Ulaanbaatar /MONTSAME/ In order to provide reliable and practical information to national and international investors of Mongolia, the Authority for Mineral Resources and Petroleum is starting to place data on geology, geochemistry, hydrogeology and locations on its website.
The geo-database is being established in frames of the Australia-Mongolia Program on Cooperation in Mineral Sector. “Unveiling geo-data will help lower the cost of mineral explorations. To provide information in globally compatible format, ‘Mongeokat” system is being developed”, said B.Baatartsog, Director of the Authority.