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HEARING: 387 Chinese individuals and organizations own mining companies in Mongolia

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E.Oyun-Erdene
2024-05-29
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HEARING: 387 Chinese individuals and organizations own mining companies in Mongolia

Today, the hearing to analyze the evidence related to the "Mineral License" is ongoing.

A basic geological survey must be carried out in order to issue a special license of minerals. The expert presented that in 2025, 55.5% of Mongolia will have a geological survey.

Special licenses have been issued since the Law on Minerals has been approved. A data analyst is also working to support the experts working in this hearing.

Since 1992, over 12,000 exploration licenses have been issued, 2,508 of which are special licenses of minerals. As of today, 2767 special licenses are valid. Of these, 1036 are exploration licenses and 1731 are exploitation licenses.

There are 2,427 organizations and individuals owning the special licenses; 1,695 are owned by Mongolians, 387 are Chinese final owners, and 325 are Chinese individuals and organizations.

Today, the hearing to analyze the evidence related to the "Mineral License" is ongoing.

A basic geological survey must be carried out in order to issue a special license of minerals. The expert presented that in 2025, 55.5% of Mongolia will have a geological survey.

Special licenses have been issued since the Law on Minerals has been approved. A data analyst is also working to support the experts working in this hearing.

Since 1992, over 12,000 exploration licenses have been issued, 2,508 of which are special licenses of minerals. As of today, 2767 special licenses are valid. Of these, 1036 are exploration licenses and 1731 are exploitation licenses.

There are 2,427 organizations and individuals owning the special licenses; 1,695 are owned by Mongolians, 387 are Chinese final owners, and 325 are Chinese individuals and organizations.

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E.Oyun-Erdene
Category
Economy
Published
2024-05-29


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