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Rio Tinto Continues Trimming the Fat
So tantalizingly close, yet so disappointingly far apart. That might be the best way to describe Rio Tinto’s (NYSE: RIO ) position with its investment in Oyu Tolgoi, the Mongolian copper and gold project in the Gobi desert.
Why Russia Is Exploring Alternate Trade Routes With China
According to the Eurasia Review, “Russia was the third-largest producer of liquid fuels in 2012, following the United States and Saudi Arabia. During that year, liquid fuels production averaged 10.4 million bbl/d.” Russia has a surplus they can export, and luckily enough one of their biggest consumers is neighboring China.
Commodity Boom Coming to Mongolia
According to the Asian market experts, Mongolia is going to be a major future supplier of commodities from coal through gold to copper – and maybe even crude oil, with a subsidiary of PetroChina (NYSE: PTR) and others developing deposits in the Eastern Gobi Desert. Mongolia has extensive mineral deposits: copper, coal, molybdenum, fluorspar, tin, [...]
The Ultimate Copper and Gold Mother Lode
For all the fanfare garnered by the world’s largest gold miners, you might think they have a monopoly on the world’s largest gold mines. Think again. Sure, the primary gold miners have staked their fair share of buried treasure. Gold Fields’ (NYSE: GFI) Kloof and South Deep mines alone combine for a whopping 40 million [...]