Coordinates of locations for mineral exploration licenses approved

The American Chamber of Commerce in Mongolia

2018-08-09 17:40 GMT+8

At its regular session on August 8, Cabinet approved coordinates of the locations for mining exploration licenses. Following the approval of the locations’ coordinates, the relevant agency will carry out a tender process for approximately 170 fields this year. Specifically, tenders for up to 60 fields will be organized twice per month. It is estimated that mineral exploration licenses for these 170 fields will generate 25 billion MNT in revenue in the state budget. The approved total area for mineral exploration licenses amounts to 8.48 million hectares, accounting for 5.56 percent of the country’s territory.             

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