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Declaration for Responsible Mining Signed

Declaration for Responsible Mining Signed Members of government, mining companies, and civil society have formally committed to working on the implementation of responsible mining through signing a Declaration for Responsible Mining. The Multi-Stakeholder Process for Responsible Mining held their fifth meeting on June 12, 2007, which was attended by 54 participants including six Members of Parliament. During this meeting. Sanjmyatav, Member of Parliament and Chair of the Environmental Standing Committee was introduced as the new co-chair, and the declaration was signed by 39 members of the group. The declaration remains open to additional signatories and parties wishing to commit to the implementation of responsible mining. This is particularly significant for Mongolia because minerals form an important economic sector representing an estimated 60% of exports in 2005, 17% of GDP growth in 2005, and 53% of foreign direct investment from 2000 to 2006 (World Bank).

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