{mosimage}Market observers believe Mongolian copper prices will remain high for at least the next two years. One of the main reasons given for the continuing high prices are delays to planned mining projects caused by increasing percentages of revenues being funneled off by governments in Mongolia and Africa.
Archive for the 'Mongolia Business News' Category
Experts say copper prices to remain high for next two years
Canada to open trade office in Ulaanbaatar
{mosimage}Canada will open a permanent trade office in Mongolia to assist local Canadian businesses. Canadian firms have a reported $395 million in investments, including operating more than 20 mines. Canada is also Mongolia’s second largest investor.
Mongolia-Russia to discuss expanding nuclear cooperation
{mosimage}Mongolia may invite Russia to assist in the mining and processing of uranium, according to Prime Minister S. Bayar. Additionally, Mongolia may even seek a Russian partnership in building a nuclear power plant.
Possible agreement on Oyu Tolgoi gold mine by end of April
{mosimage}Mongolian officials said they expect an agreement to begin mining the Oyu Tolgoi gold and copper site could be finalized within weeks.
Erdenet officials tour Fairbanks, Alaska sister city
{mosimage}Mongolian officials from Erdenet spent this past weekend visiting their sister city, Fairbanks, Alaska in the USA.
The visit follows the signing of sister city pacts last October when Mongolian President N. Enkhbayar visited Alaska.
Mongolia gives formal go-ahead for mining at Ovoot Tolgoi coal site
{mosimage}SouthGobi Energy Resources Ltd. announced Monday that it has received final government authorization to begin mining at the company’s Ovoot Tolgoi coal site.
NAMBC 18th annual meeting to be held in Canada
The North America-Mongolia Business Council will meet in April in Calgary, Canada for its 18th annual convention.
As in the past, the meeting is meant to assist those seeking information about business and investment opportunities in Mongolia.
Gulfside Minerals poised to announce sites for coal mining
{mosimage}Gulfside Minerals Ltd. (TSX-V: GMG) announced last week the acquisition of mining rights for Mongolian. However, the company has not yet released the locations of their Mongolian sites.
Demands to stop the “Gold” programme
{mosimage}Democratic Alliance, Mongolian National Green movement have jointly announced a need to stop the “Gold” Programme at the Press Conference held at the Palace of the Democratic Party.
Plane to be rented from Ireland for eight years
{mosimage}“MIAT” company will rent “BOEING-737” plane from Ireland next month. The two parties have made a contract and the “BOEING-737” plane will land on “Chingiss Khaan” international airport, Ulaanbaatar on 17, April.
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