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Gold program on-lending

Requirements

  1. Funding shall not exceed 30 percent of the amount of gold reserves in togrogs in the license area owned by a gold mining business entity;
  2. Participating gold mining companies must use the loan for investment purposes;
  3. The participating gold mining business entity must fully agree to the terms of selling the mined gold to the Bank of Mongolia during the financing period and will pay in MNT according to the loan repayment schedule;
  4. There is no debt classified in the name of the company;
  5. The borrower must have sufficient cash flow to repay the loan and interest and have sufficient collateral.

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