Precious metal assay laboratory of Western region opens
Economy | MiningBayankhngor /MONTSAME/
Participants of the event watched the first gold smelting
process. The laboratory is capable of producing 50 gr to 9 kg gold bar in no
time with its advanced equipment. However, precious metal assaying process takes
three to four hours.
MNT 395 million required for purchasing the laboratory’s equipment
was financed by the Bank of Mongolia (BoM) and the Sustainable Artisanal Mining
Project of Swiss Development Agency and the aimag’s Governor’s Office allocated
MNT 34 million to renovation of the laboratory.
Citizens and entities are now able to not only have their
gold assayed at the laboratory, but also sell the gold through branches of BoM and
commercial banks making the gold supplying process transparent.