REGULATION APPROVED FOR MINING MINERAL RESOURCES IN SMALL MINES

Ulaanbaatar, Mongolia, /MONTSAME/ At its regular meeting on Wednesday, the Cabinet instructed the Ministry of Mineral Resources and Energy to create a legal framework and policy environment for the implementation of the order to regulate mining of the small mines. Overseeing the implementation of this order has been entrusted to the Directorate-General of State under professional supervision.
This procedure, which includes 11 chapters and 36 provisions, is designed to coordinate the activities of the mining in the small mines, except water and ores containing radioactive elements, also oil and natural gas.
According to the order, a size of the area, reserved for the ownership of cooperatives to undertake work at soums and districts, must not exceed five hectares. A cooperative must have at least five members and not be included in the membership of other cooperatives. An application filed by the cooperative to provide an area of small mines chapter soum and districts needed to be considerd within ten days and, in case it meets all the requirements, a contract ought to be signed.
A cancellation of the agreement, authorizing to conduct the mining operations, is to be performed if professional organization reveals a harm/damage caused to the nature by the cooperative.
S.Otgonbayar