Assessment of Valuation Codes for Mineral Deposits

The Governments of Australia and Mongolia are undertaking the Australia-Mongolia Extractives Program (AMEP) with the goal of helping to ensure that Mongolia’s citizens experience equitable and sustainable growth from their mineral resources.

One AMEP Activity addresses the intention of the Mongolian government to implement international standards and practices for the valuation of the country’s mineral deposits as announced in Article 3.1.9 of the State Minerals Sector Policy (2014-2025) approved by the Mongolian Parliament in January 2014.This AMEP Activity is titled assessment of mineral deposit valuation codes, and introduction of appropriate mineral deposit valuation system in Mongolia.The objective is: To support the Government of Mongolia to conduct an assessment of mineral deposit valuation codes and methodologies, and select an appropriate methodology for introduction in Mongolia.