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Tuesday, July 29, 2014
MIBG Releases Detailed Review of Mongolia's Mineral Law
MIBG has released a detailed un-official translation of the amendments to the new Mineral Law. This includes MIBG's opinion on how the specific changes, additions, and removals will impact Mongolia, and more specifically the mining sector.
This report is the first critical analysis of the amended Mineral Law, including English translations of each amended article for straight forward comparison. In total, 81 articles have been added, altered, changed, or terminated and we have rated all of the changes as either Positive, Neutral, or Negative. From these 81 amendments, according to MIBG's ratings 37 amendments have been rated positive, 38 amendments rated neutral, and 6 amendments were rated negative. We believe that the legislation has not only put the 2012 proposed minerals law behind us, but it has actually improved on its predecessor from 2006.
MIBG's "Mineral Law Review 2014" is available for subscription by clicking here.
Disclosure: Cover Mongolia is acting as a Sales Agent of the review
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