The Australian: Mongolia and mining – caution needed

Investors have been falling over themselves lately to throw money at projects in Mongolia. So far, so good. Investors made good money last year backing stablemates Hunnu Coal and Voyager Resources which are active in the north Asian country. Proximity to China, though, has been seen as a two-edged sword; there’s the market, but also the fear of Chinese buyers being able to call the tune because of the need to ship any metals through either there or Russia – which is why some companies have been stressing that their projects are in the north of the country and a new railway being built on the Russian side of the border will allow them access to the Trans-Siberian line (with the choice of railing to Europe or Vladivostok). To read the full article, click hereMongolia and mining – caution needed

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