Couple of Links
Mongolian Director of Mineral Resources
Mongolian Finance Minister
Reading between the lines they just want to set up a FIRB process like Canada and Australia have to review and manage foreign investment.
And it also appears that the Chalco and South Gobi deal bypassed government approval somewhat - which stirred up a hornets nest.
South Gobi License Suspension
Loophole
Thinking about it China would not be able to buy a strategic asset in Oz without government approval and I am sure we couldn't buy a Chinese one so......
Anyway I think it is much ado about nothing - I think the speeding ticket spooked our already skittish market.
AKM Management - that means the same guys who couldn't deliver a PFS on time - do need to put this to bed in a hurry though.
Couple of LinksMongolian Director of Mineral ResourcesMongolian...
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