According to a briefing by the Director of the Government Office, Ch.Khurelbaatar, the Government meeting on Thursday heard the report of the Director of the Nuclear Energy Authority on several issues in the uranium sector, including how licenses are issued and how foreign license holders have been selling their shares.

 

It was decided that all the licenses in Mardai, which had been issued apparently in violation of the law but have been re-registered after December 15, will now be regularized. A working group will be asked to suggest ways how this can be done in conformity with the law.

The Government also decided to advertise the nuclear law and its provisions so that companies in Mongolia and abroad clearly know what they can or cannot do. For example, no company can sell or transfer more than five percent of its shares without permission from the Nuclear Energy Authority. 

Minister Khurelbaatar also reaffirmed the Government’s decision to hold at least 51 percent ownership of all uranium deposits.

 

 

Source: news agency