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Copper Miners Weather Mongolia’s Political Shake Up
Mongolia’s latest general election was a victory for democracy, but what it will mean for foreign companies heavily invested in the country is still up in the air. With strong public support for resource nationalism, there is growing concern from major mining groups with developing projects that they will not see the returns they are [...]
Mongolia’s Junior Miners Gain on Rio Tinto’s Ivanhoe Takeover
Rio Tinto’s (LSE:RIO) decision to pay C$300 million to become the majority shareholder in Ivanhoe Mines (NYSE:IVN) last month was greeted by investors worldwide with open arms, but junior minors in Mongolia are also welcoming the Anglo-Australian mining giant’s latest move as they expect more global attention on their projects as a result.
Copper 2011 Price Outlook
If copper closes the year near its current price of around $9,200 per tonne on the London Metal Exchange, the metal will finish the year with an impressive 35 percent gain in only six months. While the recession of 2008 battered the metal’s value, 2010 is the second year in a row that the metal [...]