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In the News

China encourages mining co-op with Mongolia

BEIJING -- Chinese enterprises are encouraged to cooperate with their Mongolian counterparts on the basis of Mongolian law and international norms, Foreign Ministry spokesman Hong Lei announced Monday.

"China and Mongolia are friendly neighbors. We have had effective cooperation in mining, an important area of the China-Mongolia trade partnership," Hong said at a regular news briefing when asked about Chinese companies' planned takeover of Mongolian mineral resources.

State Councilor Dai Bingguo paid a visit to Mongolia from August 22 to 25 and exchanged views with Mongolian leaders on bilateral ties.

Mongolian President Tsakhia Elbegdorj told Dai that Mongolia hopes to seize opportunities brought about by China's development to promote bilateral cooperation and realize mutual development.

"We hope to strengthen cooperation with Mongolia on the basis of mutual respect in order to benefit the two peoples and boost ties with Mongolia's new government," Hong said.

The Aluminum Corp of China Limited, the listed arm of the country's largest electrolytic aluminum producer, plans to buy a 56- to 60-percent stake in SouthGobi Resources, although media reports have indicated that the deal could face opposition from the Mongolian government.

Web link:

http://www.chinadaily.com.cn/business/2012-09/04/content_15731136.htm

Edward Lehman 雷曼法学博士
Managing Director 董事长
elehman@lehmanlaw.com

LEHMAN, LEE & XU China Lawyers
雷曼律师事务所
LehmanBrown
雷曼会计事务所
www.lehmanbrown.biz
mail@lehmanbrown.biz

Lehman, Lee & Xu is a top-tier Chinese law firm specializing in corporate, commercial, intellectual property, and labor and employment matters. For further information on any issue discussed in this edition of China Mining Lawyers Alert or for all other enquiries, please e-mail us at mail@lehmanlaw.com or visit our website at www.lehmanlaw.com and Mongolia www.lehmanlaw.mn.

Lehman, Lee & Xu Mongolia is one of the first and only international law firms with a full time presence in Mongolia.  Our Ulaanbaatar office is staffed with resident foreign legal consultants having significant experience in Mongolia and qualified Mongolian attorneys. The firm’s foreign legal consultants and local attorneys are fully acquainted and experienced with Mongolia’s laws and legal system, business climate and political affairs. For any Mongolian legal matters please refer to our Mongolian website www.lehmanlaw.mn.
© Lehman, Lee & Xu 2012.
This document has been created for educational purposes for clients, potential clients and referrers of services to Lehman, Lee & Xu, and to alert readers to the services provided by Lehman, Lee & Xu. It is not intended to serve as definitive professional or legal advice, and should not be relied upon as such. Lehman, Lee & Xu does not endorse any personal opinions which may be contained herein.
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