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Mongolia purchases computerized system to regulate mining permits, contracts |
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Monday, 17 November 2008 |
GAF has been awarded a half-million
Euro contract to create a new computerized Mining Registry System for
Mongolia.
Scheduled to begin in November,
GAF will work to crate a transparent system to grant, manage and cancel
mining permits.
The professional management
of mining titles is considered a prerequisite to increase investment
and growth in the mining sector of Mongolia.
The project’s objective is
to strengthen the property rights and enforcements of agreements and
contracts within Mongolia’s mining industry, improve the transparency
of the mineral licensing process and government’s regulatory capacity
through information and management.
A core element of the project
is the development of a fully computerized mining registry system as
existing computerized and non-computerized systems will be brought together
within the new system.
GAF’s work will be performed
for the Mineral Resources and Petroleum Authority of Mongolia. The project
duration is 24 months and will be funded by the World Bank, International
Development Association.
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