Mongolia defends draft mining law branded as bad for investment: "Bloomberg reported that Mongolian officials held a briefing today to defend proposed changes to a mining law that the country’s biggest business association says would deter investment.
According to James Liotta, a partner at Mahoney Liotta LLC, who attended the meeting in the capital Ulan Bator, Puntsag Tsagaan, the mineral policy adviser to President Tsakhia Elbegdorj who led the legislation’s drafting, said that the proposed law would strengthen the economy, better protect the environment and ensure Mongolians benefit from the country’s mining boom. Representatives of Peabody Energy Corp, Aspire Mining Ltd and Centerra Gold Inc were among the attendees."
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According to James Liotta, a partner at Mahoney Liotta LLC, who attended the meeting in the capital Ulan Bator, Puntsag Tsagaan, the mineral policy adviser to President Tsakhia Elbegdorj who led the legislation’s drafting, said that the proposed law would strengthen the economy, better protect the environment and ensure Mongolians benefit from the country’s mining boom. Representatives of Peabody Energy Corp, Aspire Mining Ltd and Centerra Gold Inc were among the attendees."
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