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Mongolia backtracks on state ownership of mining companies

Frik Els | May 09, 2012 | 4:52 pm Base Metals Energy Precious Metals Asia Europe Coal Copper Gold Silver 

Mongolian elections are set for the end of June and in the run-up draft legislation put forward new provisions to cap foreign ownership of domestic companies at 49%, rules similar to Zimbabwe's indigenization policy. Fearing a backlash by foreign investors...

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