Ulaanbaatar
Gatsuurt agreement to reflect a protection of cultural heritage
Economy | MiningUlaanbaatar /MONTSAME/ State ownership share in a strategically important Gatsuurt gold deposit was designated to be 34 percent in accordance with the parliamentary resolution No 14 of 2016. The government has been negotiating with "Centerra Gold", the mining permit holder.
A stage of the negotiations took place this March 8-9 in Toronto of Canada, a second stage was held here March 22-25. The Canadian side expressed an interest to simultaneously sign both the investment agreement and the local community cooperation agreement.
The negotiation group has been working with the other party on every provision of these agreements. The drafts reflect issues of implementing “Safeguarding Cultural Heritage” for the Noyon Mountain and surrounding places, a completion of permafrost study by specialized organization, and a development of monitoring plan for mining operation impacts on rivers and drinking water reserves.
