Thursday, March 6, 2014

Mongolia may lift ban on new mining exploration permits

A moratorium on new mining exploration licenses in Mongolia could be lifted during the spring session of parliament, Mongolia's mines minister says, hoping to lure back foreign investment after a slump last year.

A ban on the issuing and processing of licenses has been in place since June 2010, leaving in limbo many projects in the mineral-rich country.

Centerra Gold's (CAGDF) Gatsuurt exploration project is on a list of mineral deposits of "strategic importance" for the Mongolian government to consider, and the miner hopes lawmakers will approve the list this year.

No comments:

Post a Comment