The UB Post

Minerals exploratio­n licenses to be granted in April


The government has confirmed that it has resumed the process of granting special exploratio­n licenses, and that licenses will be issued in April for a total of 1.6 million hectares of land.

Work has already commenced in accordance with approved selection procedures. The land available for exploratio­n represents 20.9 percent of the country's territory.

Of the 3,546 special licenses already granted, 44.4 percent are for conducting mining operations and 55.6 percent are for exploratio­n. Thirty-four percent of the operationa­l licenses and 55.7 percent of of the exploratio­n licenses have been issued to gold mining companies.

The Ministry of Mining and Heavy Industry also reports that plans for new copper exploratio­n are primarily for projects located in northern Mongolia.

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