Private mineral royalty terms of the agreement between the license holder and the investor
Mendsaikhan Tumenjargal*
* Corresponding Author: Mendsaikhan Tumenjargal
*Ph.D, Associate Professor of Law at the National University of Mongolia, mendsaikhan@num.edu.mn
Digital Object Identifier:Â
https://doi.org/10.53468/mifyr.2024.04.02.43
Abstract – A person who carries out mineral exploration and discovers a mineral deposit taking a certain risk is interested in entering into an agreement with an investor who has the ability to use the mineral deposit and carry out mining, with the term of “receiving a private mineral royalty”. However, due to the lack of understanding, recognition and correct interpretation of this private mineral royalty agreement, disputes between foreign investors and domestic enterprises have arisen. Therefore, the origin, nature, and types of royalties used by investors and mining companies, and related law regulation of Mongolia are reflected in this article.
Key words – Contract law, Mongolian mining law, Private mineral royalty, NSR, NPI
Article History:Â Received 20 May 2024, Received in revised form 22 May 2024, Accepted 15 June 2024
Download file :Â httpsdoi.org10.53468mifyr.2024.04.02.43