Mongolia tightens rules for investors
Feb 21, 2011 (The Australian Financial Review - ABIX via COMTEX) -- The Mongolian Government will impose strict rules on foreign investors in its mineral assets. They will have to be dual-listed, with a requirement to list on the Mongolian Stock Exchange. The Government aims to promote investment but ensure that its citizens benefit from the assets. It will sell a 30 per cent stake in the Tavan Tolgoi coal deposit to a strategic investor. Australian miner, Fortescue Metals Group, is interested in the project.
Publication Date: 22 February 2011
FORTESCUE METALS GROUP LIMITED - ASX FMG
AUSTRADE
ERDENES MGL
MONGOLIAN STOCK EXCHANGE
Copyright 2011 LexisNexis Australia. All Rights Reserved.
Publication Date: 22 February 2011
FORTESCUE METALS GROUP LIMITED - ASX FMG
AUSTRADE
ERDENES MGL
MONGOLIAN STOCK EXCHANGE
Copyright 2011 LexisNexis Australia. All Rights Reserved.
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