ID :
361182
Tue, 03/24/2015 - 15:01
Auther :

Mining permits’ bid to complete this April

Ulaanbaatar /MONTSAME/ The Minister of Mining R.Jigjid reported Monday to the cabinet members on the results of the mining licenses' bids, intensification of gold mining and the implementations of amendments to the Law on Prohibiting Mineral Exploration and Extraction Near Water sources, Protected areas and Forests. In accordance with the regulation about issuing mining licenses for 106 sites on-hold with cancelled permits due to court decisions, a total of six bids had been organized. As a result, the licenses for 29 sites’ operations have been issued, of which 24 have been obtained by the previous permit-holders and five sites have had new operating companies. Proposals have not satisfied the requirements for eight sites. Next bid was released on March 3 for 13 mine sites, and will be concluded on April 2, he said. A working group in charge of the implementation of government resolution on intensifying the economy through increased gold mining has settled principal matters with the Bank of Mongolia on the required financing for the gold mining intensification. A working group established in relation to the new amendments to the observance regulation of the Law on Prohibiting Mineral Exploration and Extraction near Water sources, Protected areas and Forests has developed the drafts of observance regulations and related to them agreements. The group submitted these drafts to the Ministries for their reviews.

X