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CHANGES MADE TO ANNUAL FEES FOR EXPLORATION LICENSES


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CHANGES MADE TO ANNUAL FEES FOR EXPLORATION LICENSES

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Upon the approval of amendments to the Mining Law, the following changes have been made to the annual fee payment for exploration licenses. Below are the fees for exploration license holders.

Fees per hectare to be paid by exploration license holders:

1st year

145 MNT

2nd year

290 MNT

3rd year

435 MNT

4-6th years  

1,450 MNT

7-9th years

2,175 MNT

10-12th years

7,250 MNT

Mining license holders:

 

Previously 15 USD per hectare

 Now 21,750 MNT

Previously 5 USD per hectare

 Now 7,250 MNT

Source: news.mn


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