The Ministry of Mining announced that Parliament is to make changes to
the Law on the Regulation of Foreign Investment in business entities
operating in sectors of strategic importance (Strategic Investment Law)
that was passed last May.
SouthGobi Resources Ltd. (1878), controlled by a unit of Rio Tinto
Group, said its chief lawyer Sarah Armstrong has been cleared in a probe
by the Mongolian Independent Authority Against Corruption and is free
to leave the country after being prevented to do so since October.
The $6-billion Oyu Tolgoi copper and gold project in Mongolia is on
track to meet its initial production targetted to commence in the third
quarter of this year with the construction of the mine"s first phase
reaching 73 percent completion, owner Ivanhoe Mines Ltd. announced on