Mongolia Mining Industry Iron | Iron |
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Exploration works were made in the Bayangol, Tumurtei and Tumur Tolgoi iron deposits and the deposits' reserves were determined. These deposits are sufficient to provide the country's iron manufacture with raw materials. But the issue of discovering new iron deposits with high quality and large-scale reserves has still not been solved.                |
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| Experts say copper prices to remain high for next two years |
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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. |
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