Mongolia And Coal: The Country's Potential And Regional Energy Demand
By Leo Liu:
A new frontier country driven by resource-based economy
Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west. With a population of 2.8 million people occupying 1.56 million square kilometers (roughly the size of Alaska), it is the most sparsely populated country in the world. A fledgling democracy just over 20 years old, when Mongolia opened its doors to foreign investment major mining companies accepted the invitation and the incredible geological riches buried beneath the soil became immediately apparent. Despite this influx the country's vast mineral resources remain largely unexplored and undeveloped. Mongolia currently ranks among the top 10 resource-rich nations in the world. Industrial production mainly consists of coal, copper, gold, molybdenum, fluorspar, uranium, tin, tungsten and iron ore. According to the NSO, the mining and quarrying sector is among the most important contributors to GDPComplete Story »
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