Government of Mongolia to Cancel 1782 Mining Licenses, 254 Now.

The Minister of Mineral Resources and Energy, D.Zorigt, told media that the total number of mining licenses is 4,000 at present. To start with, 254 gold mining licenses will be canceled. Their names will be announced in due course. 

Most of the canceled licenses are in Selenge, Bulgan, Tuv, Uvurkhangai, Darkhan-Uul, Arkhangai, Bayankhongor and Khentii aimags. The largest mines are in Bayangol, near the Tumurt (Iron Mining International), and in Narantolgoi near Gatsuurt in Selenge aimag (Centerra Gold, TSX:CG).

Minister L.Gansukh stated that this is one of the measures in enforcing the Law on Law on Prohibition of Exploration and Mining Operations in the water and forest reservation areas.

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By author: admin - Nov 19, 2010 / Categories: News