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Sunday, March 10, 2013

Mongolia working hard to avoid the mistakes of 2009 with new mining law


The country is still plagued by environmentally damaging artisanal mining, corruption in the awarding of exploration and mining licences and a lack of local community participation in mining projects, but the new bill – which "avoids the dangers of politicization" – has a better chance of addressing these problems argues Mendee.
That is because Mongolia is relying heavily on its own expertise, the knowledge built up studying other resource-based economies like Australia and Canada and its experiences dealing with foreign investors.

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