SouthGobi Gets New 'Big Brother' in Chalco's Takeover - Business News - CNBC: "Another even larger dynamic motivating China’s interest in Mongolia-focused miners is China’s aim to secure natural resources to feed its growing economy. IHS Global Insight’s Chief Asia Economist Rajiv Biswas said Mongolia is going through a “huge mining boom” with the focus squarely on premium coking coal in the Gobi Desert.
“Mongolia is very much a key area for Chinese companies to look for improved resource access to high grade premium coal,” Biswas told CNBC. “Over the long term, Mongolia has the potential to increase its exports of coking coal, which is a very high grade, so this is extremely important for the Chinese steel industry. That’s why there is a big scramble.”"
'via Blog this'
