By Yiannis Mostrous:
Mongolia is a small country rich in natural resources. When it comes to coal, the country is ranked fairly high among coal producers, with estimated coal deposits of up to 152 billion tonnes. Coking coal accounts for about 35 percent of the country's coal deposits. Source: Various sources, including Global Investment Strategist
By Leo Liu:Electricity demand in Mongolia - major driver from world-class mineral depositsThe dramatic and continuing rise in Mongolia's energy demand is being driven by the rapid development of the country's mining based economy. During the period of 2007‐2011, electricity consumption in Mongolia increased on an average of 6% per year. However, the Ministry of Mineral Resource of Mongolia estimates that overall electricity demand is expected to grow at 14% in the future.
Back in October of 2012, Hugh Hendry proposed a simple investment thesis: '"I am long gold and I am short gold mining equities. There is no rationale for owning gold mining equities. It is as close as you get to insanity. The risk premium goes up when the gold price goes up. Societies are more envious of your gold at $3000 than at $300. And there is no valuation argument that protects you against the risk of confiscation.
By Doug Young:Thank goodness! That's my first and main reaction on reading that after years of negotiations, Apple (Nasdaq: AAPL) and China Mobile (HKEx: 941; NYSE: CHL) have finally announced their highly anticipated deal to sell the iPhone on the 3G and 4G networks of China's dominant telco.
ByRochelle Jenks:In its 2013 guidance conference, the CEO and President of Chicago Bridge & Iron (CBI), Philip Asherman, stated:
It's also worth mentioning that our current guidance for this year is solid.
Mongolia was the world’s fastest growing economy last year, driven by foreign investment and rapid developments in its rich coal, copper and gold mining sectors. Now it looks like all of that development could fall apart and the nation’s economy could collapse, all due to an ill thought out law.In late 2009, Rio Tinto (NYSE:RIO) the international mining giant, negotiated a contract with the Mongolian government to develop Oyu Tolgoi, the world’s largest new copper mine.