While in the early stages, ambitious plans to develop a nuclear power industry will likely be put into motion in the years ahead, as will developments to expand the country’s uranium mining assets. This could position Mongolia as a leading player in the Asian nuclear fuels market, with high demand for feedstock and power.
In which sectors can Mongolia develop a competitive advantage over its regional neighbours?
Bounded by Russia to the north and China to the south, Mongolia is a vast country and sparsely populated – larger than Western Europe, but with a population of barely 3m people. The country of wind-swept steppes, plains and deserts is famous for its nomadic tradition, still influential despite rapid development. However, stable and democratically-...
The year 2012 seems likely to be a defining one for the Mongolian mining sector. The size of the country’s considerable mineral wealth has not yet been determined, but the involvement of many of the world’s largest mining companies is a testament to the sector’s potential. Several milestones are expected in 2012, including the launch of commercial...
The 2011 autumn session of Mongolia’s parliament, the Grand Huraal, began with a shot heard across the globe. Prime Minister S. Batbold’s opening remarks on October 6 called for a major change to the mining agreement that had promised to put Mongolia on the map. On the advice of a group of about 20 parliamentarians, he said the country should seek a...
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