MINING Ramped up: The sector is poised for substantial expansion despite some early-stage issues Plentiful potential: Rare-earth minerals Precious metals: A major copper and gold project has caused controversy Desert deposit: Coal from the south is set to transform the sector Make it official: The government is working to update the licensing...
At the far end of Ulaanbaatar’s Peace Avenue, a 10-minute walk east from Sukhbaatar Square, stands a site of major national importance to Mongolia: the rotunda of Bokhiin Orgoo, the “Wrestling Palace”. On the carpeted wooden floor of its main hall, thousands of Mongolian wrestlers have fought for the coveted supreme title of “undefeated giant...
Derelict factories, a small and muddy market and scattered concrete blocks amid gers (traditional tents), log cabins and rickety wooden stockades surround tiny residential districts. Today’s Kharkhorin isn’t a great deal to look at, though the surrounding snow-flecked hills and the unique, bright Mongolian light do invest it with some beauty. However, this was once...
ETIQUETTE: There are a number of behavioural rules for foreigners to remember, although in the city people tend to be more tolerant and allow a wider margin of error. At a function, it is customary for a little bowl of liquor to make the rounds. As a guest in a ger ( traditional tent), do not knock...
Mongolia has begun to attract the attention of the global business media as the next success story to come out of Asia. While it may still be early days, such optimism does not seem to be unfounded. Since October 2006, there has been a veritable “gold rush” of investment banks, hedge funds, private equity funds, construction firms, major and junior...
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