Source:Zuunii Medee   Date: May 6, 2010

The National Security Council (NSC) last week partly amended President Ts.Elbegdorj’s order on April 20 that had temporarily suspended all transactions relating to mining licenses. New licenses cannot be issued even now, but the NSC order allows transfer of licenses from one owner to another.

The Vice President of the Mongolian National Mining Association, Mr. N.Algaa, has criticized the Presidential ordinance for harming the legitimate business interests of many companies. He has welcomed the new move as “a partial rectification of a wrong”.