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Exploration license bidding to commence this month www.gogo.mn
Open bidding for mineral exploration license grants to commence in April, according to Mineral Resources and Petroleum Agency of Mongolia. A total of 8.6 million hectares of area, approved by the resolution of the Ministry of Mining and Heavy Industry, have been discussed in each respective aimags and submitted to the Cabinet.
Open bidding will be announced on the lands approved by the selection. Within the frames of the amendments to Minerals Law of Mongolia, the exploration licenses will be granted only through biddings. Consequently, the highest bidder from companies seeking to obtain a license will be appraised from the scale of up to 45 points and their experience and ability will be evaluated from up to 55 points.
Presently, the Ministry of Mining and Heavy Industry is studying the opportunity to grant exploration licenses through application procedures, instead of bidding.
Published Date:2018-04-05
