Mongolian Mining Law Uncertainty Clouds SouthGobi Resources Ownership Status
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SouthGobi Resources Ltd. is monitoring potential changes to Mongolia's Law on Mineral Resources, particularly regarding ownership restrictions of strategic mineral deposits. The ambiguity of Article 5.7 raises concerns for publicly-listed companies like SouthGobi, as there is no judicial precedent clarifying enforcement. Consequently, the company cannot predict the future impact of these regulations and advises shareholders to exercise caution.
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