LAW OF MONGOLIA

09 Jan, 2014                                                                                    Ulaanbaatar

LAW ON COMMON MINERALS

Article 1. Purpose of the Law

        1.1 The purpose of this law is to regulate relations of the exploration and acquisition of licenses for common minerals in the territory of Mongolia, the responsibilities of the license holder and the protection and rehabilitation of the exploration area and mining environment.

Article 33. Fees for the use of common mineral resources

        33.1. The holder of a common mineral mining license shall pay a fee to the local budget based on the sales value of all types of common mineral products mined, sold or shipped or used for sale.

        33.2. The fee for the use of common mineral resources shall be equal to 2.5 percent of the sales value of all types of common mineral products extracted, sold or shipped for sale or used.

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