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Mongolia halts issuing licenses for mineral exploration

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The Mongolian government imposed a 12-month ban on the issuing of licenses for mineral exploration.

“The ban is part of the government’s efforts to create responsible mining,” the government’s press office said in a statement, adding that there were currently 2,889 active mining licenses.

A 40-member working group led by Mongolian Deputy Prime Minister Ulziisaikhan Enkhtuvshin will carefully examine all active licenses in the next 100 days, the statement said.

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More than 700 mining licenses have been revoked over the past three years in the mineral-rich country due to the violation of laws and rules.

Source: xinhuanet.com

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