Mongolia Eyes Changing Laws to Stimulate Mining Investment
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Mongolia’s government said it intends to submit two bills to parliament that could stimulate its mining sector and stoke investment.
The first bill would annul a June 2010 law suspending the issue of new exploration licenses, providing opportunities for companies to explore deposits that include coal, copper and gold, according to the government’s website, citing a meeting on April 19. The second would amend guidelines applied to a July 2009 law on rivers and forests, to allow mining in areas previously off-limits due to environmental concerns.