“Discover Mongolia-2020” International Mining Investors' Forum was held on October 30 at Shangri-La Hotel in Ulaanbaatar.
Minister of Mining and Heavy Industry G.Yondon participated in the forum and said that the Ministry will work for eliminating duplication and violation of relevant laws and regulations in the sector for the purpose of upgrading the legal environment to draw investment to Mongolia.
Deputy Mining Minister O.Batnairamdal said "As the exploration industry is one of the key sectors to draw foreign investment, geological prospecting is needed to be conducted to discover next large-scale mineral deposits and develop sustainable mining sector in a longer period of time. In connection to this, more transparent issuance of exploration special licenses using internationally-recognized methods needs to be sought after and legal environment in this area should be renewed and improved," he added.
In connection to these speeches, we, lawyers, acknowledged the importance of upgrading of legal environment of mining and investment sector in Mongolia and started to analyze the issues of the related laws and seek necessary resolutions.