Reuters: Key political risks to watch in Mongolia

Landlocked Mongolia sits on vast quantities of untapped mineral wealth and analysts say it could be one of the fastest growing economies of the next decade, as well as a key investment target for global mining giants. The $6 billion Oyu Tolgoi project, jointly owned by Toronto-listed Ivanhoe Mines, global mining giant Rio Tinto and the Mongolian government, will be the world’s biggest copper mine outside top producer Chile once full operation starts in 2013. The government also wants to develop the Tavan Tolgoi coking coal mine, the world’s biggest untapped deposit of its kind. Potential investors had until Jan. 31 to submit initial proposals. Groups led by rival Japanese traders Mitsui and Itochu will bid, sources said. To read the full article, click here: Key political risks to watch in Mongolia

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