Mongolia is about to increase investments into the mining sector

The government of Mongolia is about to pass a new legislation to stimulate investments into a mining sector. The new law will increase stability: investors will get guarantees that their funds will be protected from future amendments in the legislation, Reuters states.

The volume of direct foreign investments into Mongolia went down by 17% and made up $3.9 billion in 2012. A number of government’s decisions have become a barrier to investments into the copper-producing and coal sector.

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