Mongolia’s future as commodities exporter

Mongolia is going to be a major future supplier of commodities from coal through gold to copper – and maybe even crude oil. But how soon will this landlocked country with a population of 3m really begin delivering these resources to the world in a significant, market-moving way? After spending a week in the Mongolian […]

Mining fuels Mongolia's 'wolf economy'

Beijing, China (CNN) — Mongolia has always conjured a mix of exotic appeal and isolation. Sandwiched between Russia and China, the remote nation has for decades endured severe economic stagnation and political repression. That seems to be changing. Some 20 years after dismantling the country’s Stalinist system and bringing about greater political freedom, Mongolia is […]

Mongolia: Mining's Next Big Thing

With its rich deposits of natural resources, you’d think by now Mongolia would be higher on the mining radar. But this impoverished, agrarian country entirely missed out on the recent worldwide mining boom, stymied by its own overzealous legal restrictions and a government hungry for an ever-greater share of mining profits. However, it looks like […]

Coal transportation road will be re-opened after three requirements met

According to the instruction made by the Ministry of Roads, Transport, Construction and Urban Development, Authority of Auto transportation suspended coal transportation between Tavan Tolgoi and Tsagaan Khad starting from April 27 2011. Mr. S.Batbold, senior inspector and head of the monitoring and control department of the Authority of Auto Transportation, an implementing agency of […]

Prophecy Resource submits formal application for 600MW Mongolian power plant

Prophecy Resource Corp. (CVE:PCY) (OTCQX:PRPCF) said Thursday that after eight months of due diligence and studies, the company has submitted a formal request with the Mongolian ministry to build its planned Chandgana power plant. Last August, the company, which is focused on energy, nickel and platinum group metals projects, appointed local Mongolian consultants to initiate […]

First Mongolian Rare Earth Sold to South Korea

Green Technology Solutions Inc. (PK:GTSO) will send its 1st Mongolian Rare Earth shipment to South Korea in June, local media reported Tuesday. In an earlier report, GTSO President John Shearer said the company had targeted April for this initial shipment. GTSO formed a Joint Venture with Rare Earth Exporters of Mongolia (AMEX:REE) in February, aiming […]