Recent Study: Mongolia Mining Report Q2 2013: "Boston, MA -- (SBWIRE) -- 06/07/2013 -- BMI View: Growth in Mongolia's mining industry will be led by the Oyu Tolgoi copper-gold mine. The bulk of this growth will occur in the latter part of 2013 as the mine begins commercial production. We have downgraded our coal production forecast due to the suspension of SouthGobi Resource's mining licences and the lack of competitiveness of landed Mongolian coal in key consuming Chinese regions versus imports given current infrastructure constraints
We expect the downward trend in Mongolia's mining sector to come to a halt as the sector undergoes substantial growth. The impressive growth rates in copper and gold production will be driven by the Oyu Tolgoi mine, a joint venture (JV) between Turquoise Hill Resources (66% ownership) and the Mongolian government (34% ownership). Decreasing ore grades at the country's largest mines have led to a slow decline in Mongolia's copper production."
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