THE TOP-THREE OF MONGOLIA’S MINING INDUSTRY PDF Print E-mail

Source: Eurasia Capital               Date: August 17, 2011

Ivanhoe Mines, Mongolian Mining, and Hunnu Coal were selected on the American television channel CNBC as the best Mongolian companies to invest in for Mongolia's mining industry. Mining opportunities were discussed, trumpeting companies listed internationally, but with assets in Mongolia.

"Mongolia will emerge as one of the most significant resource producers in Asia," Alisher Ali, managing partner of Silk Road Management told CNBC.

Ali chose Ivanhoe first because of its prestigious Oyu Tolgoi project, expected to produce 650,0544,000 metric tons of copper and 650,000 ounces of gold a year in its first ten years beginning 2013. The site is also expected to yield in those same ten years an additional 3 million ounces of silver annually.

Mongolia Mining was bolstered because it is liable to make Mongolia China's biggest coking coal exporter.

“The miner has an edge over its competitors mainly because of the quality of its coal assets in South Gobi and the proximity of its deposits to China,” Ali said.

His third pick, Hunnu Coal currently holds nine exploration licenses in Mongolia. An investment in this company, which is still in the exploration stage, Ali felt would pay off once it brings its coal assets to production.

 

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