Mongolian Mining: A Golden Opportunity?
A new mining law and a windfall profits tax law enacted at the end of 2006 have been widely interpreted as hostile to foreign investment.
However, the true impact of these developments cannot be assessed until an investment agreement is concluded between a foreign company and the Mongolian government under the new statutory regime.
Vancouver-based Ivanhoe Mines—one of Mongolia’s most successful and, certainly, its most high-profile foreign mining company—is currently negotiating such an investment agreement with the government...
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