“Open Day” of Minerals and Oil Authority

Mar 11 • Business, Government, Mining • 1134 Views • No Comments on “Open Day” of Minerals and Oil Authority

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Yesterday Minerals and Oil Authority held an open day event, informing on activities performed in sophisticating legal environment for minerals, maintaining petroleum price constant, regulating artisanal miners and deposit ownership of which exploration has been conducted by state budget in framework of 100 days of Government activities. Staff of MPA received applications from people who requested special permission for mining and exploration and explained related laws and acts. MPA attached close attention on maintaining retail gas price at current level in order to counteract price boost in the domestic market resulted by increasing import price of petroleum products. According to the resolution, released by the Council for implementing “Price stabilizing programme”, MNT3.5 billion have been provided to petroleum importers such as NIC, Petrovis, Magnai trade, Sod Mongol, Shunkhlai Group, Just Oil and Oin birj as compensation of loan interest on February 2008. Those engaged in mining sector were glad about the legislations including “Temporary regulation on activities of artisanal miners” and “Sub programme on developing micro mines until 2015”. There are 60000 ninjas engaged in artisanal mining. Issues related to special permissions of Tumurtei and Shivee Ovoo deposits have been solved. This year, geoecological research will be held in Khongor soum, Darkhan-Uul province. Staff of MPA also noted that micro-mine projects are to be realized in Tuv, Uvurkhangai, Bayankhongor and Umnugobi provinces.

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