Author: Brian Langis 
Reposted from Reuters
Mongolia’s massive Tavan Tolgoi coal mine will resume exports of coking coal to China on Monday after suspending deliveries in January due to cost pressures, the state firm in charge of the project said.
Erdenes Tavan Tolgoi signed an initial $250 million coal sales agreement with Aluminium Corporation of China (Chalco) in July 2011, but halted deliveries in January, saying the price paid for the coal was below the cost of production. More…
Reposted from Reuters
The market capitalisation of companies listed on the Mongolian Stock Exchange (MSE) could leap more than 30-fold over the next three to five years, boosted by privatisations and new regulations, the chief executive of the bourse said on Thursday.
Mineral-rich Mongolia, a massive landlocked nation of fewer than 3 million people, has ambitions to become a destination for mining investment and has been working with the London Stock Exchange to modernise and develop its capital markets. More…
Reposted from The Wall-Street Journal
By Alex MacDonald
LONDON–LONDON–Rio Tinto PLC (RIO) and the Mongolian government have had constructive talks over the terms of investment in Mongolia’s massive Oyu Tolgoi copper and gold project, said Oyu Tolgoi LLC chief executive Wednesday, as it continues to make progress in securing new funding for the next growth phase of the project. More…
Reposted from The UB Post
By By B.Khash-Erdene
It is estimated that Mongolia has and 800 billion tons of oil shale reserves. But this number was deduced by Mongolian geologists by studying only 19 percent of the outlined reserves in 1990.
Oil shale is said to be an alternative fuel source which provides a vast potential for profit to businessmen and entrepreneurs. Although Mongolia hasn’t even fully established its reserves of this possible miraculous mineral, foreign businesses have already begun eyeing Mongolia’s shale deposits. More…
Reposted from Mongolian Economy
By B. Bayartogtokh
The halt in railway transport of Tavan Tolgoi’s goods has created a halt in profits. A year ago the tremendous coking coal mine was attracting huge attention from mining observers and foreign investors. But where is it now?
The operator of the mining deposit, state-owned Erdenes Tavan Tolgoi, was then expected to release a public offering on international stock exchanges beginning from this spring. More…
Reposted from the Bretton Wood Projects
By Sukhgerel Dugersuren
In late February the World Bank’s private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia, which is also backed by a $1 billion political risks guarantee provided by the World Bank’s Multilateral Investment Guarantee Agency (MIGA). Yet the details of this 10-year-old project are constantly changing, meaning that the Mongolian people do not know what or whom to believe. More…
Reposted from Foreign Policy
By Peter Murrel
Mongolia’s blue skies may soon be darkening. A key challenge: Putting the mining companies in their place.
As I suspect others with a professional interest in Mongolia’s transition to democracy and capitalism have found, the country seems to attract attention in a predictable cycle. On the up side, some peripatetic journalist based in Beijing with time to kill discovers the miraculous changes wrought in only two decades after effectively being a Russian colony (complete with mandatory mention of its fabulous blue skies). More…
Reposted from BBC News
Is Mongolia at the cutting edge of capitalism? Click here for video/radio.
Photo Credits: BBC
Reposted from The UB Post
By B. Khash-Erdene
Cabinet Minister Ch.Saikhanbileg last week submitted a revised draft of the “Law on Regulation of the Foreign Investments in the Strategically Significant Industries” to parliament.
The law in question currently requires foreign investors to obtain parliamentary approval when contributing more than a 49 percent stake or investing more than 100 billion MNT (70 million USD) in “strategic sectors,” which include the mineral resources, banking, finance, media, and telecommunications industries. More…
Reposted from BBC News
By Tim Bowler
Mongolia has for centuries been characterised as a nation of nomads and cattle herders, but this is all changing thanks to a huge new copper and gold mine.
The mine is Oyu Tolgoi, which is Mongolian for Turquoise Hill, and it is already beginning to transform the economy of this sparsely-populated central Asian nation, sending it towards the top of international growth tables. More…
