Mongolia Withdraws Entree Gold’s Oyu Tolgoi Mining Permit
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Mongolia annulled mining licenses held by Entree Gold Inc. on land near Rio Tinto Group’s Oyu Tolgoi copper and gold project, saying they had been authorized incorrectly in 2009.
Entree Gold in 2009 upgraded its exploration permits to mining licenses, the mining ministry said yesterday in a statement on its website. The award of a mining license can only be granted by the Mineral Resource Authority, not the mining ministry, and is therefore invalid, according to the statement.