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Mongolia is one of the world’s last remaining gold frontiers. Its tax policies and economic fundamentals make it an attractive jurisdiction for investment. It stretches across an enormous landmass (the size of all Western Europe combined) on which mining and exploration were strictly regulated during the Soviet era. As a result, many of the country’s gold deposits were left entirely unexplored and undeveloped. To date, local gold players have focused mainly on easier alluvial deposits, and do not have the technology or the capital to develop hard-rock mines.