Reposted from Eurasianet
A few companies have signed agreements with Energy Resources to use their road while others like Tavan Tolgoi Trans find it more economical to build their own road parallel to the existing road.
By Pearly Jacob
Mirage-like, a slinky piece of asphalt appears on the horizon after hours of driving across the dusty Gobi Desert. What’s coming into sight is the only paved surface for miles around. Yet many trucks are driving alongside the new highway, not on it.
In southern Mongolia’s mineral-rich hills, mining companies – foreign-run and local alike – are having trouble sharing something that should be a no-brainer: the roads. Despite the region’s remoteness, More…
Reposted from International Financial Law Review
By Ashley Lee
The new Mongolian government last month released its reform platform for 2012 to 2016.
Investors have been wary of Mongolia since the lead-up to its July election, in which politicians argued that ordinary Mongolians had not seen benefits from the massive influx of foreign investment in the last few years. This culminatinated in the passage of the strategic foreign investment law in late May. More…
Reposted from The Financial Times
By Jude Webber
What do you do if you’re a small country, rich in minerals that went from boom to bust when the bottom fell out of the commodities market? Copy Chile, is the answer.
Chile’s experience as a small, copper-dependent economy that prudently stashed cash during the boom years, allowing it to ride out the 2008-09 world economic crash and uncork anti-cyclical spending, was the perfect case study for Mongolia. More…
Reposted from The UB Post
By B. Khash-Erdene
Erdenes Tavan Tolgoi state owned company has opened a second mine beside the Tavan Tolgoi Coal Mine at the Tsogtsetsii som of the Umnugobi. Management of the company stated, “The Western Portion of the Tavan Tolgoi was opened on a very good day (fortunate day by the Mongolian fortune calendar) of the mid month of August.” More…
Reposted from Bloomberg
Parliament last month voted down a proposal by some lawmakers to seek immediate renegotiation of the $6 billion Oyu Tolgoi accord that gives the nation 34 percent of the project and a Rio Tinto unit the rest.
By Yuriy Humber
Mongolia’s new government will ignore calls for the nation to take a larger share of Rio Tinto Group’s Oyu Tolgoi copper and gold mine, focusing instead on attracting overseas investors to the country’s biggest coal field, the foreign minister said. More…
Reposted from Oyu Tolgoi
Ulaanbaatar, Mongolia – Oyu Tolgoi is building an international standard airport complex in Umnugobi and the construction of its airstrip has been completed. The airport is part of Oyu Tolgoi’s infrastructure investment and regional development in Umnugobi, which also includes a modern paved road from the mine to the border, mining school of excellence and technical vocational education centres, high-power transmission lines, an 80 kilometres long water pipe, ore concentrator plant. More…
By Steve Hashim
Each weekend we take a step outside our normal coverage to provide our readers with links to some of the stories we find the most intriguing from around the globe.
Prospects for Development,”The Emerging Pattern of Global Investment”, Jamus Lim
VOX, “Global Rebalancing 2.0″, Linda Lim, Ronald U Mendoza
The Economist, “Beer and Work”
Beverage Daily, “Tea Blends Could Ignite Chinese Craft Beer Craze”, Ben Bouckley
MIZZIMA, “ADB releases draft documents for Burma’s development” More…
Reposted from The National Interest
The Tavan Tolgoi coal mine in southern Mongolia.
By Ariel Cohen
Eight hundred years after Genghis Khan, Mongolia is back in the news. Nicknamed “Mine-golia,” it is enjoying the largest energy and raw-materials boom on the planet. Today, Mongolia boasts the world’s third-largest copper mine, as well as one of the largest coal mines. More…
Douglas Clayton, Leopard Capital CEO
Reposted from Dow Jones
By Sonja Cheung
Investors are venturing further into the emerging markets as China and India become more mainstream, with a few players seeking deals in “frontier” countries like Myanmar and the Kingdom of Bhutan. One such general partner is Leopard Capital, which is currently in talks with potential investors to raise funds that will separately target deals in Bangladesh, Myanmar and Bhutan, said the firm’s Founding Partner and Chief Executive Douglas Clayton, who was interviewed at the SuperReturn Asia conference in Hong Kong.