Mongolia is about to increase investments into the mining sector
Edited by Rhod Mackenzie / 2013-04-26 06:20:37
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.
