When the ban on license issuance be removed?

The currently effective regulatory measure, National Security Council ban on license issuance, blocks the interest of investors in mining industry. Actually effective date of the ban ended by December 1 2011. Therefore, President Elbegdorj presented draft law to prolong its effectiveness until July 15 2011. This issue was discussed at the level of Ministries and Government agencies.

According to Mrs. G. Bolormaa, Head of Cadastral Office of MRAM, MRAM sent its comment to the Ministry of Mineral Resources and Energy, a governing organization. Also, Mr. B.Ariunsan, Vice Minister for Mineral Resources and Energy, didn’t reveal that much details on the issue, except saying that the issue is being discussed at the Ministerial level.

After the comment exchange and collecting, the Cabinet Meeting will take this issue under its consideration in near future.

As for now, MRAM doesn’t receive applications for any licenses.

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