Reposted from Bloomberg Businessweek
By Michael Kohn
Mongolia’s economic growth slowed in the first quarter after coal prices fell and moderating Chinese demand reduced the nation’s exports.
Gross domestic product, as measured by production in constant prices, grew 7.2 percent from a year ago, the National Statistical Office of Mongolia said on its website today. That compares with the 16.7 percent pace of expansion for the same period last year and a 12.3 percent annual rate for 2012. More…
Reposted from The Daily Star
Prime Minister Sheikh Hasina
Prime Minister Sheikh Hasina on Monday said various resources of the Bay of Bengal can play an epoch-making role in the economic development of Bangladesh as mineral resources in the deep-sea blocks can be explored now without any dispute with the neighbours. More…
Reposted from BBC News
Cambodia gives green light for Investment of US$ 781 Million
Cambodia’s government has approved a controversial hydroelectric dam on a tributary of the Mekong River.
The joint venture involves Cambodian, Chinese and Vietnamese investment of $781m (£488m) and is due to be completed within five years. More…
African equities are soaring, particularly in countries with burgeoning oil industries
Reposted from Nasdaq
The African investment thesis is an enigma wrapped in a riddle cloaked under a veil of high risk. To some, the world’s second-largest continent is the last investment frontier . Other investors know no more of Africa than the iShares MSCI South Africa Index Fund (NYSE: EZA) and maybe the Market Vectors Egypt ETF (NYSE: EGPT). More…
Reposted from AZoMining
The national flag of Mongolia
By Gary Thomas
Welcome to Mongolia
Mongolia is located in Northern Asia, between Russia and China. The total area of the country is 1,564,116 km2 with a population of 3,179,997 as of July 2012. Its climatic condition is mostly desert type.
Mongolia gained independence in 1921 after being under Chinese rule for many years. In an attempt to save the country from an extended recession, the government implemented several reforms, formulated free-market policy, introduced extensive privatization of industrial sectors, and opened a small stock exchange in 1991.
Mongolia’s economy grew by 6.4% and 17.3% in the years 2010 and 2011, respectively. The GDP of Mongolia as of 2011 touched $13.43 billion. This increase is mostly due to revenue from mineral commodity exports. China buys almost 90% of Mongolia’s exports, and Mongolia imports 95% of its petroleum products and electric power from Russia. More…
Reposted from The Myanmar Times
Burmese workers push huge teak logs onto trucks in Mandalay
By Gavin Hayman
MYANMAR is a country blessed with abundant natural resources. Wrapped in magnificent forests, it has a fabulous climate for growing food and significant reserves of oil and gas, as well as other precious commodities like hardwood timber, jade and rubies. Yet this abundance has not yet translated into wealth and benefits for the ordinary citizen. More…
Reposted from the UB Post
G. Battsengel, CEO of Energy Resource LLC
The CEO of Energy Resource LLC, G. Battsengel, emphasizes the importance of executing building and development operations as soon as possible; if not, Mongolia will lose a multitude of opportunities. Translated from “Udriin Sonin” newspaper. More…
Reposted from energydigital.com
Oyu Tolgoi, Mongolia
By Carin Hall
As the world’s fastest growing economy, Mongolia has the most promising untapped deposits of iron, gold, silver and coal in the world–but will it serve as a curse or a blessing?
Where traditional nomadic life once comprised the landscape of the Gobi desert for thousands of years, bus stops and 20-story tall ore extraction shafts now stand among More…
Reposted from Bloomberg By Yuriy Humber
Nov. 8 (Bloomberg) — Trafigura Beheer BV, the world’s second-largest independent trader of non-ferrous metals, plans to expand in Mongolia to deliver more iron ore, coal and copper to the Chinese market. More…