Diversified mining giant Rio Tinto (ASX:RIO) produced a record amount of iron ore in 2012 with total annual output of 253 million tonnes beating the company's own guidance.
"The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment."
The Bamako facility is strategically located to service the growing regional demand for geochemical testing from the West African gold exploration and mining industry.