1,558 mineral licenses are still valid across Mongolia
Summary: The number of valid mineral licenses issued in Mongolia reached 1,558, with the licenses covering 0.9% of the country's land. The Mineral Resources Authority of Mongolia (MRAM) reported that there are 2,022 exploration licenses, covering 7.7% of Mongolia's land. Discussions are being held on increasing the percentage of land approved for exploration to 20%. In 2008, explorations conducted covered 31.3% of the land, a number that is forecasted to decrease each year. In 2016, the government made a product sharing agreement with China's Smart Oil Investment on the Ergel -12 area in Dorngobi Province, and over the next six years, 35 million USD is expected to be used for investment. The majority of the minerals licenses issued by MRAM are for gold (32.8%), while 18.7% are for coal and 10.6% are for feldspar.
Keywords: MRAM, mining, licenses
The Official Gazette /page 11/