Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
Mongolia may take a 34% stake in Xanadu Mines Ltd.’s Kharmagtai copper-gold project after a proposal to classify the asset as a strategic deposit was submitted to the government.
N.Dorjdari of the Open Society Forum
has told the Mongolian Mining
Journal
that the Government has not revealed its thinking or decision on several
aspects of the Tavantolgoi agreement. It has not specified how the sale price
is to be fixed, whether the coal will
The Central Bank reports that money
supply (broad money or M2) at the end of June was 8.3 percent more than at the
end of May 2010, and 44.5 percent more than at the end of June, 2009.
Currency issued in circulation was