Last Friday, according to the resolution of the Speaker of the State Great Khural, the Standing Committees of Economy and Budget held meeting and discussed the first hearing of the draft law of banning the mineral exploration license issuance. Both standing committee made decision to continue the ban on issuance of mineral exploration licenses.
MPs approved the draft law at the Great Khural Session. This new law will be effective from the first day of 2013. The new draft law also prohibits movement of licenses, such as transfer.