By Tsolmon Shar
07 Januray 2009
On 16 July 2009, The Parliament of Mongolia (The State Great Khural) adopted the Law on Prohibiting Mineral Explorations in Forest Reserves and River Basins. According to the new Law, it is strictly prohibited to explore and mine the minerals in the area of forest reserves and river basins. However, this provision doesn’t apply to strategically important mineral deposits.
The approval of the law brings significant outcomes to reduce environmental pollution, however, it also causes controversial scene in the mining sector. Due to implementation of the law, all the exploring and mining licenses, which permitted within 200m from forest reserves and water basins, will be withdrawn within 5 months. It means, the State will compensate more than 500 license holders, who affected by the new Law. However, the issues about how to compensate those license holders haven’t discussed by Mongolian authorities.
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