Copper, coal, gold, iron, zinc – Mongolia has it all

The London Stock Exchange last week played host to international resources investors clamouring to grab a chunk of the commodity-fuelled economic boom that is sweeping Mongolia.

Hailed as one of the last frontiers for resources exploration, the central Asian country of Mongolia is thought to have $1.3 trillion in untapped mineral deposits, including coal, copper, iron ore, zinc and gold, beneath its vast deserts and steppes.

Over the past four years, the country’s mining companies have ramped up their output, and foreign resources giants are increasingly investing in the region. This year alone, Mongolia will see gross domestic product growth of 17.2%, according to the International Monetary Fund.

But if Mongolia is to enjoy the spoils of its natural wealth, the country’s capital markets have to be reformed – starting with its fledgling national bourse.

To read full article click on Source

  • No comments

Comments on this article are closed.

JSE ALSI54,440-0.19%2015-05-04 04:44 +0000
Hang Seng28,2390.38%2015-05-04 04:43 +0000
Nikkei19,5320.06%2015-05-04 04:43 +0000
NASDAQ5,0051.29%2015-05-04 04:43 +0000
Dow Jones close17,8412015-05-04 04:45 +0000
S&P 500 close2,0862015-05-04 04:45 +0000
Gold1,183.410.38%2015-05-04 04:45 +0000
Silver16.300.74%2015-05-04 04:45 +0000
Platinum1,132.880.21%2015-05-04 04:45 +0000
Palladium774.700.21%2015-05-04 04:45 +0000
Gold ZAR/oz14,269.320.61%2015-05-04 04:45 +0000
Brent Crude66.33-0.20%2015-05-04 04:45 +0000
USD / Euro0.8940.02%2015-05-04 04:45 +0000
CAD / USD0.822-0.03%2015-05-04 04:44 +0000
ZAR / USD0.083-0.07%2015-05-04 04:45 +0000
UAD / USD0.783-0.08%2015-05-04 04:44 +0000


Verification Image