Ulan Bator News
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The passage of a Mongolian securities law allowing dual listings would boost the value of the nation’s stock exchange by 33-fold to $40 billion within five years, said the bourse’s chief executive officer.
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Mongolia hopes to bring factories, offices, technology and jobs to a corner of the Gobi Desert provided it can get investors for an industrial park envisioned next to a railway line that slices through the country and connects Russia and China.
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A shareholders’ meeting to resolve disputes that are holding up construction funding of Mongolia’s $6.6 billion Oyu Tolgoi copper and gold mine is yet to be set, Mining Minister Davaajav Gankhuyag said today.
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Shareholders in Mongolia’s $6.6 billion Oyu Tolgoi copper and gold mine will reconvene on March 20 to try and resolve disputes that are holding up construction funding, Mongolia’s Minister for Economic Development Nyamjav Batbayar said.
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Faulty fire protection, lights that won’t go off and an overlooked nuclear reactor are just a few of the hurdles holding up the new airport in Berlin that is tarnishing Germany’s reputation for industrial derring-do.
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Mongolia is seeking international investors to help fund a coal-fired thermal plant in the Gobi Desert to power its biggest infrastructure project, the Oyu Tolgoi copper and gold mine.
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Inflation in Mongolia eased in February from a month earlier as the nation’s exports and imports declined.
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Mongolia’s businesses could face a “catastrophe,” if Rio Tinto Group and the government cannot resolve a dispute over funding the Oyu Tolgoi copper and gold mine, the deputy minister for economic development said.
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Sapaar is 23 and he’s a “ninja” miner, hauling low-quality coal from a pit in the Mongolian steppes for 12 hours a day.
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Mongolia will ease limits on foreign investment that requires parliamentary approval even as it restricts overseas ownership in industries such as mining amid a dispute with Rio Tinto Group.
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