What Investors Should Know About Uranium In Mongolia - Seeking Alpha: "There are two laws of note that effect uranium mining in Mongolia. As of January 2011, Mongolia had about "1,170 mineral deposits and 7,654 occurrences" (Mongolia 101). Among those, the Minerals Law of 2006 declared 15 deposits strategic. The laws governing these strategic deposits state that the government can "acquire up to 34% of ownership rights from the license holder, if the exploration work has been financed purely with private funds, and up to 50% of ownership rights, if the exploration work has been financed partially with state funds, including capital invested during the Soviet times" (Mongolia 101, italics added). Three uranium deposits are on the list of 15 strategic deposits."
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