Mongolia to support gold mining

The Mongolian government pledged Monday to support the gold mining sector.

In a memorandum signed with the Mongolian gold producers association, the Mongolian government vowed to reduce the red tape for gold producers and help them upgrade their equipment and raise funds.

Gold miners, for their part, pledged to mine, enrich and process gold in line with relevant laws.

The Mongolian government and the gold mining companies also set up a council that will oversee the implementation of the memorandum.

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