Procedure for issuing compensation approved
Ulaanbaatar, Mongolia, /MONTSAME/ At regular meeting of cabinet on Wednesday, a procedure was approved for issuing compensation to people who hold special license to conduct search and exploitation of mineral resources.
It has been done due to adoption by the Government of a law on the prohibition of the search and exploitation of minerals in the ground source of rivers' basins and water resources, as well as in areas of forest plantations, taken under state protection.
In accordance with the statutory ban applies to exploration and mining of minerals in the above ground and will not affect the monitoring renewed land and the environment.
The funds needed for compensation would be reflected in the state budget of the fiscal year to let the owners of special licenses receive from the state a one-time payment and to have the state agency for geology and mining industry to annul the licenses.
The cabinet instructed the Minister of mineral resources D.Zorigt, Finance Minister S.Bayartsogt and head of the Ministry of the Environment L.Gansukh to establish a control over the execution of this order and to report on the progress of the work at regular meetings of the Cabinet.
It has been done due to adoption by the Government of a law on the prohibition of the search and exploitation of minerals in the ground source of rivers' basins and water resources, as well as in areas of forest plantations, taken under state protection.
In accordance with the statutory ban applies to exploration and mining of minerals in the above ground and will not affect the monitoring renewed land and the environment.
The funds needed for compensation would be reflected in the state budget of the fiscal year to let the owners of special licenses receive from the state a one-time payment and to have the state agency for geology and mining industry to annul the licenses.
The cabinet instructed the Minister of mineral resources D.Zorigt, Finance Minister S.Bayartsogt and head of the Ministry of the Environment L.Gansukh to establish a control over the execution of this order and to report on the progress of the work at regular meetings of the Cabinet.
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