The Mongolian government on Wednesday imposed a 12-month ban on the issuing of licenses for mineral exploration. ‘The ban is part of the government’s efforts to create responsible mining, explained officials. Currently, there are 2,889 active mining licenses.
During the term, a 40-member working group led by Mongolian Deputy Prime Minister U.Enkhtuvshin will carefully examine all active licenses.
More than 700 mining licenses have been revoked over the past three years in Mongolia due to the violation of laws and rules.