Resource Investing News: Resource Investors to Watch Mongolian Parliamentary Elections

Vancouver-based Ivanhoe Mines, now majority owned by Rio Tinto, recently announced that initial production will commence during the third quarter of this year at its Oyu Tolgoi or “Turquoise Hill” copper-gold mine in Southern Mongolia’s Gobi desert. Mongolia’s impressive store of natural resources and close proximity to the world’s most resource-ravenous nation – China – have made it a hotbed for exploration in recent years. “Four-fifths of the country is still unsurveyed,” writes Dexter Roberts, Asia News Editor at Bloomberg Businessweek. “Over the next decade copper production is expected to double, iron ore to triple, coal to grow by six times, and gold and oil by 10 and 13 times, respectively.” To read the full article, click hereResource Investors to Watch Mongolian Parliamentary Elections

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.