If you got a question, look no further.
We post the most common questions
in our FAQ section.
Please fill in the form below to receive a Free Sample of the Report.
BMI View: Mongolia's mining sector growth will accelerate on the back of
foreign mining investment, a robust infrastructure framework and the country's
strategic close proximity to major export markets such as China. Projects such
as Rio Tinto's Oyu Tolgoi mine will significantly increase the country's mining
output over the coming years.
Latest Developments & Trends
-In May 2016, Rio Tinto and its subsidiary Turquoise Hill announced the final
and formal approval for the expansion of the Oyu Tolgoi copper-gold mining
project, which will cost a total of USD5.3bn-400mn more than initially expected.
In December 2015, Rio Tinto announced the company's procurement of a combined
USD4.4 billion from 20 lenders to fund the expansion of Oyu Tolgoi.
-On May 18 2015, an agreement was reached between Turquoise Hill and Mongolia's
government to go ahead with the USD5.3bn underground expansion. The end of the
deadlock between the Mongolian government and Turquoise Hill Resources over the
Oyu Tolgoi mine in Mongolia's South Gobi region further supports our view of
rapid long-term growth in Mongolia's gold and copper output. An increasingly
favourable investment climate will allow overseas miners to take advantage of
the country's considerable gold and copper reserves. The Oyu Tolgoi mine will be
the sector's key growth driver and account for around one-third of Mongolia's
economy once the mine reaches full production capacity in 2021.