MINERALS LAW TO BE REVISED

Ulaanbaatar /MONTSAME/ Mining Minister D.Gankhuyag submitted on Wednesday a draft amendment to the minerals law to parliament Speaker Z.Enkhbold. Despite the adoption of new laws and regulations aimed at favorable investment environments, investment into the geological exploration sector of the nation is still unsatisfactory, says the law developer. The draft amendment calls for database setting up for funds raised from international stock markets, improved agreements between mining license holders and the local government, and clearer roles and responsibilities of government agencies and mining license holders.