Position Paper on Amendments to the Minerals Law
The Minerals Law amendments are one of a few critical pieces of legislation investors are closely monitoring. The Minerals Law was first adopted in 2006. The mining sector has faced boom-and-bust cycles, with regulations related to exploration and mining permits changing radically in recent years. The Ministry of Mining and Heavy Industry (MIHI) plans to develop comprehensive legislation to address inconsistency and overlaps in other legislation related to the minerals sector. The MIHI organized a series of public consultations on the amendments in March 2023. AmCham Mongolia provided its members with an English version of the amendments, submitted 120 comments—highlighting 16 critical comments, and attended the public consultations organized by the MIHI.