The Parliamentary Standing Committee on Economy discussed the bill to revive the economy and carried over the discussion to the plenary session on Wednesday`s meeting. The Committee also backed the decision to discuss amendments into the Minerals law of Mongolia. The bill is aimed at developing long term sustainability in the mining industry, which is a great contributor to manufacturing, FDI, export and state and local budget income say the bill inventors.  

The next issue discussed at the Standing Committee meeting was the Appendix of Parliamentary resolution No.27 to include certain deposits into the list of Strategically Significant Mineral Deposits of Mongolia. The Appendix will allow the Government to work determining the exact boundaries of the strategic mines to conduct multiprocessing in the deposits. There are 15 deposits already accepted as strategically important deposits.

However, most of the Standing Committee members said the draft needs to be reviewed again so the appendix was delayed.

The deposits that are to be added to the list of Strategically Significant Mineral Deposits of Mongolia are as follows: