BEIJING Aug 2 (Reuters) - Landlocked Mongolia sits on vast quantities of untapped mineral wealth and analysts say it could be one of the fastest growing economies of the next decade, as well as a key investment target for global mining giants.
The $5 billion Oyu Tolgoi project, jointly owned by Ivanhoe Mines (IVN.TO: Quote) and the Mongolian government, will be the wor
Mongolia's lower-tax coal sector could rob global market share from Australia, Canadian billionaire mining executive Robert Friedland says.
Mr Friedland, who chairs the Toronto stock exchange-listed miner Ivanhoe Mines Ltd and its 90 per cent owned Ivanhoe Australia Ltd, said "Mongolia could kill Australian coal" because its mining tax was lower than in Australia.
Ivanho
Intrepid traveler, photographer and eater Uta Beyer has more on Mongolian cuisine following a recent visit to Mongolia. Here's what she writes about boortsog, the Mongolian national cookie:
"Well, over my years of travel, I have survived on bat in jungles of Borneo, nibbled on widgety grubs (giant Australian tree maggots) in the Australian outback, dined on cuy (guinea
FUSO, Aichi -- The sumo ranking committee has promoted seven wrestlers to the second-highest juryo division for the autumn tournament, including one Mongolian grappler here who was caught up in the recent baseball gambling scandal that shook the sumo world to its foundations.
Twenty-six-year-old Shironoryu, who acquired Japanese citizenship last year, was allowed to pa
Security guards of a mining company in western Mongolia clashed with illegal miners known as "ninja miners," leaving many of the combatants injured, local media said Wednesday.
About 50 security guards of a gold mining company fought for over two hours with about 200 ninja miners and local residents in Omnogobi county of Uvs province in western Mongolia.
Many w
Russia and Mongolia will hold joint antiterrorism exercises in the Siberian Military District in September, the district press service reported.
Jul. 26, 2010 (China Knowledge) - DeTeam Co Ltd recently announced plans to spend US$10 million to acquire entire equities of Shine Shivee LLC, which owns exploration rights on seven collieries with coal reserves totaling 2.14 billion tons in Mongolia.
They've had a crash course in car mechanics and now two Oxford University graduates are gearing up for one last adventure before they start work.
Friends Lise Honsinger and Will Mulholland reckon they have done as much as they can to prepare their nine-year-old Suzuki Swift for a gruelling 10,000 mile drive.
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