Mongolia Eyes Rewriting its Mining Rules

Mongolia is overhauling its approach to mining, aiming to extract greater value from its abundant mineral resources. The government is considering to dramatically expand the list of "strategic" deposits, potentially adding 39 (Annex II list) to the existing 16 (Annex I list), reveals this ambition. 

While boosting the nascent National Wealth Fund is a central objective, this move also risks unsettling existing operators and redefining future investment. Crucially, the proposed expansion requires parliamentary approval and is far from a done deal.

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