March 28, 2013

Mongolia investment slump pushes govt to move on new rules | Reuters

Mongolia investment slump pushes govt to move on new rules | Reuters: "MELBOURNE, March 27 (Reuters) - Mongolia is starting to take steps aimed at arresting a slide in investment in its crucial mining sector, looking to curb uncertainty over regulations that has been blamed for stalling copper and coal projects. Even so, miners remain cautious.

Regulatory concerns peaked last month when Rio Tinto threatened to delay the start-up of the $6.2 billion Oyu Tolgoi copper and gold mine, until it resolves a dispute with the government over their investment agreement."

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