MINISTRY OF MINERAL RESOURCES AND ENERGY. CURRENT SITUATION OF MINERALS SECTOR OF MONGOLIA. International Conference on “ Directing Extractive Industries to Human Development” 2011- 1 0-2 0 , Ulaanbaatar. D.ZORIGT MINISTER OF MINERAL RESOURCES AND ENERGY, MONGOLIA.
CURRENT SITUATION OF MINERALS SECTOR OF MONGOLIA
International Conference on “Directing Extractive Industries to Human Development”
ECONOMY OF MONGOLIA
Supply of mining products had reached 2,6 billion USD and investment in mining sector 1,1 billion USD in 2010.
New mining deposits have been put into operations and the impacts of mining sector to the economy has increased. In 2009 14 mines and in 2010 12 mines were put into operations. 19 mines started their operations as of September of 2011.
8700 workplaces have been newly created in these mines and about 50 thousand employees are working in the mining sector.
- Licenses were issued to private entities by tender
-Licenses were issued to individuals and entities that first submitted license applications
THIRD ADOPTED LAW):