May 31, 2012 on: Mining

On Wednesday, the cabinet members got acquainted with an implementation course of the law on banning mineral exploration and exploitation on and near riverheads, reserved areas with ponds, and with forests.

Boundaries for the areas, owned by 1,400 licenses except placer deposits of gold, have been set. At the next cabinet meeting, the final boundaries are expected to be approved, and issues will be considered such as suspending/canceling the licenses, and compensations. The Minister of Environment and Tourism D.Tsogtbaatar added that this law is becoming intensive. The cabinet also discussed matters on erecting blocks on the deposit areas, doing a rehabilitation, intensifying the environmental monitoring. Then a decision was made to take some areas into state reserves for five years. As of present, 14 per cent territories of Mongolia have been owned by special licenses. Approximately 20 per cent of lands that are eligible for special licenses has been taken into the state reserves. It means that these lands are to serve as a platform for geological studies and research works funded by the state budget. Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated below

SOURCE OF THIS ARTICLE : Montsame

Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated above.

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