Miner SouthGobi May Tap HK Market for US$ 800m
Another overseas mining company eyes Mongolian assets
SouthGobi Energy Resources, a Canadian-listed mining company that owns mines in Mongolia, plans to raise as much as US$800 million from a secondary share offering in Hong Kong later this year at the earliest.
UBS had been hired to arrange the share sale, sources said, adding that the lower end […]
Mongolia Targets 14pc Growth, Investments
Mongolia wants to achieve annual economic growth of 14 percent over the next eight years, powered by foreign investment and cheaper capital as it taps centers like Hong Kong, a government official said. All sectors of the resource-rich country, which borders Russia to the north and China to the south, are open to foreigners, Sedbazar […]
L.Bold Informs to the Mining Congress
Representing the Government of Mongolia, L.Bold, Director of Minerals and Oil Authority of Mongolia lectured at the Asian Mining Congress, held in Singapore. This Congress, which is held annually, is now organized between 7 and 11 April and L.Bold addressed the present and future state as well as policy in mining and oil sector in […]
MINING-Key Card of Mongolia’s Foreign Policy
Taking advantage of its minerals, Mongolia is trying to have new allies. The Minister of Foreign Affairs noted that it is aiming to conclude investment contracts with Canadian and Australian companies in this regard. In spite of maintaining regular relations with its two giant neighbors including Russia and China, Ulaanbaatar seeks opportunities to strengthen cooperation […]
