Mineral Resources Sector 2025-II Open Forum is taking place at the Government Building. The discussion is being organized to improve the competitiveness and transparency in mining and oil sectors.
The Forum consists of two parts "Social and Economic Impacts of Mining Sector" and "Sector Competitiveness" under slogan "Mineral Resources Our Opportunities.
Minister of Mining R.Jigjid addressed with the opening speech and gave informaiton on reforms in Mining sector legislation.
Law on Oil approved in 1991 has been renewed completly, provisioning the regulations for the unconventional oil resources for the first time. Moreover, Mongolia has generated income of MNT 290 billion from the oil sector last year. Also the renewed law states that Government is to approve the agreements on oil extraction and the oil exploraiton is to be regulated by the local government.
Also Minister informed that projects on rare minerals are being implemented at the ministry level and more focus will be directed at the oil sector.
Mineral Resources Sector 2025-II Open Forum is taking place at the Government Building. The discussion is being organized to improve the competitiveness and transparency in mining and oil sectors.
The Forum consists of two parts "Social and Economic Impacts of Mining Sector" and "Sector Competitiveness" under slogan "Mineral Resources Our Opportunities.
Minister of Mining R.Jigjid addressed with the opening speech and gave informaiton on reforms in Mining sector legislation.
Law on Oil approved in 1991 has been renewed completly, provisioning the regulations for the unconventional oil resources for the first time. Moreover, Mongolia has generated income of MNT 290 billion from the oil sector last year. Also the renewed law states that Government is to approve the agreements on oil extraction and the oil exploraiton is to be regulated by the local government.
Also Minister informed that projects on rare minerals are being implemented at the ministry level and more focus will be directed at the oil sector.