Precious metal assay laboratory of Western region opensEconomy | Mining
Bayankhngor /MONTSAME/ An opening ceremony of the precious metal assay laboratory and one stop shop for gold purchasing under the Standards and Metrology division of Bayankhongor aimag took place on October 18.
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.