Mining Minister wants changes to mineral resources and nuclear energy laws

2016-01-27 16:55:30

Ulaanbaatar /MONTSAME/ The Minister of Mining R.Jigjid presented Wednesday draft amendments to the Law on Nuclear Energy and the Law on Mineral Resources to the Speaker Z.Enkhbold. Mr Jigjid considered legal grounds must be set concerning royalties imposed on operations at radioactive mineral deposits.

State Policy on Radioactive Mineral Resources and Nuclear Energy (parliamentary resolution No 45), issued in June 25 of 2009, regulates that designation of state ownership in operations of radioactive mineral deposits is to be similar to that of strategically important deposits. The state policy also outlines that the regulations should be in line with the international standards regarding the utilization of nuclear energy for peacetime purposes, operational safety, protection, responsibility and accountability.

The Law on Mineral Resources reflects in a certain level some regulations concerning imposing of royalties in cases when the state ownership is transferred to executing companies. The Law on Nuclear Energy is deficient in regulations of such circumstances, said the Minister.