As mining majors line up to invest in Mongolia, it seems as if the country is about to play host to a race in what could turn out to be a gold, copper and coal rush.
The riches that lie under Mongolian soil are vast. Alongside the huge deposits of 3,000 tonnes of gold and 45 million tonnes of copper, it is estimated that Mongolian reserves of coal are as much as 152 billion tonnes, with current proven reserves of 22.3 billion tonnes. Only the US, Pakistan and Russia have larger coal reserves.
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data