We might will be included in the FATF black list in 2023

Representatives of the Mongolian Artisanal and Small-Scale Mining Association were involved in the working group of renew the artisanal and small-scale mining regulations.

Regulation Working Group’s Report

A working group to amend the regulations on artisanal and small-scale mining was established by order of the Minister of Mining and Heavy Industry. The working group included project representatives from the Ministry of Mines, the Ministry of Nature, Environment and Tourism, the General Agency for Specialized Inspection, MRPAM, the Ecological Police, the Mongolian Environmental Protection Agency, and Planet Gold project.

The working group made amendments to the artisanal and small-scale mining regulations and finalized the draft regulations within the working group.

A meeting was held on October 5, 2021 with the Minister of of Mining and Heavy Industry G.Yondon and relevant experts due to the protracted approval process.

G.Yondon, Minister of Mining, informed that the re-approval of the Artisanal and Small-Scale Mining Regulation will take place after the amendments to the Minerals Law. This is due to the need to harmonize the artisanal mining regulations with the amendments to the new law. The draft law is scheduled to be approved by the Parliament this fall.

 But this process will still not approved yet. This artisanal and small-scale mining regulation’s approval delay will not only affect miners. When Mongolia was removed from the FATF's gray list, the registration of the precious metal supply chains main docs/ origin of gold/ disappeared without a trace. Therefore, we might will be included in the FATF black list in 2023.