With a focus on curbing political risk to encourage new investment, Mongolian authorities are striving to build a competitive industry to develop the country’s abundant natural resources. Copper regained its place as Mongolia’s top export in 2014, and is the primary focus of new exploration alongside gold and niches like fluorspar and rare earths. With metallurgical...
A perfect storm of falling commodity prices and policy changes since May 2012 has taken its toll on mining investment, heightening fiscal pressure on the state to rebuild investor confidence. Having repealed the restrictive Strategic Entities Foreign Investment Law (SEFIL) with the new Investment Law of October 2013, which grants equal treatment to local and foreign...
A fledgling producer of iron ore, molybdenum, fluorspar and zinc alongside its big three minerals – copper, gold and coal – Mongolia’s extensive deposits hold significant promise for further diversifying output. However, moving from exploration to mining for new minerals such as uranium and rare earths will depend on high-level government support. While output of...
THE COMPANY: Mongolian Mining Corporation (MMC) is a coking coal production and export company headquartered in Ulaanbaatar, Mongolia, and was the first local coking coal producer to be listed on the Hong Kong Stock Exchange. The company participates in the mining, processing and manufacturing of coal products, and owns and operates an...
THE COMPANY: Gobi was established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair and produce cashmere and camel wool products from these fibres. The company has since developed into one of the five largest cashmere producers in the world, and currently employees around 1000 people....
The capital markets in Mongolia have benefitted of late from a series of positive reforms, key hirings and the introduction of new legislation. Together, these measures promise to help breathe life back into the country’s stocks and bonds. After almost four years of declining equity prices, more than half a decade with virtually no initial public offerings (IPOs) and...
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