Well this is interesting reading, all depends on the government defining this project as a "Strategic Deposit" which if it's globally significant it probably is.
I haven't read the actual law just an article, but it can be bleak if they get the gov offside, potentially losing 34% with no compensation.
"Mongolian lawmakers last month approved legislation to cap a single investor’s shareholding at 34% and allow the government to take shares in companies mining strategic deposits without compensating their owners, changes that critics say create uncertainty over operations and investment returns. They were passed last month alongside a new Sovereign Wealth Fund Law seeking to channel mining revenues into funds for economic development and welfare.
The government previously paid to acquire 34% stakes in firms exploiting strategic deposits"
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