Mongolia Defends Plan to Tap Mining Riches for New Sovereign Wealth Fund bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large reserves of critical minerals, including those used in electric vehicle batteries and other new energy technologies.
Legislative amendments to restrict private investment in strategic deposits and give the government free shares in mining projects will ensure the Mongolian people benefit from the country’s substantial resources, Prime Minister Oyun-Erdene Luvsannamsrai said in an email to Bloomberg News last week.
/PRNewswire/ Sandvik has received an order from Mongolyn Alt MAK LLC to supply electric rotary drill rigs for use at the Tsagaan Suvarga Project in Mongolia..
We can’t even water livestock of 4 households now: Mongolian herders Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.