Oxford Business Group, an organization active in many of the world’s fastest growing markets, offering internationally acclaimed intelligence on regions, has released its Mongolia 2013 report. It featured the country’s foreign investment laws, which have been the subject of much debate at the political level, affecting the interest from international players in key areas such as infrastructure, capital and expertise. The report was produced with research assistance from The Business Council of Mongolia, Ernst & Young, Clyde & Co and MICC.
According to the report, Mongolia’s plans to attract investors who can help the country tap its vast quantities of mineral reserves are put under scrutiny. It discusses the challenges the country faces in its endeavours to ride the commodities boom while trying to retain age-old traditions. Detailed analysis of the efforts to resolve issues at the country’s two largest mines, Oyu Tolgoi and Tavan Tolgoi, is included, which will be of key interest to prospective investors, together with in-depth coverage of changes to the country’s legal, environmental and tax regimes.
The report also explores the government’s plans to drive through legislative reforms which will pave the way for new public-private partnerships in electricity generation. The country’s bid to revive manufacturing through domestic processing is also given wide-ranging coverage.
Regional Editor Paulius Kuncinas said that Mongolia’s exports of coal, copper and iron should rise on the back of a favorable global outlook for commodities. “This should help stabilise government finances, whilst increasing foreign reserves and also play a part in improving fragile investment confidence,” he said. “The most significant milestone in 2013 remains the launch of commercial production at Rio’s copper mine, set to become the second largest in the world.”
Interviews with the President of Mongolia Ts. Elbegdorj, Prime Minister N. Altankhuyag, US Secretary of State Hillary Clinton and Australia’s Foreign Affairs Minister Bob Carr, are included in the report too.
More details about the report can be obtained at http://www.oxfordbusinessgroup.com/.