Mongolia votes to nationalise former Russian copper mine stake

(Corrects to remove quotation marks in paragraph 12)
By Terrence Edwards
Feb 16 Mongolia plans to nationalise a 49 percent stake in a copper mine sold to a domestic private firm last year, bringing one of Asia's biggest copper producers under full control in a move its former Russian owner said could deter foreign investors.
The country's parliament voted to nationalise the Erdenet mine last week after a probe by lawmakers concluded the June 2016, $400 million sale by state-owned Russian holding company Rostec to little-known Mongolian Copper Corp (MCC) was unconstitutional as it was agreed without lawmakers' approval.

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