www.unuudur.com: The latest news of Mongolia in the World

Like the old man in Monty Python and the Holy Grail, the commodities super cycle is “not dead yet.” Year to date, the iShares Commodities Select Strategy ETF (COMT) is up 3.9%. Over the last month, it has jumped 11%. In December, commodities prices had sunk to a decade low and the entire sector was [...]

We feature Rio Tinto(RIO) as a value pick on favorable market conditions due to strong demand from China and other emerging Asian economies. Industry analysts recommend the stock on estimated strong potential upside over the next few months.

Inflation is the hot topic on the market these days, as consumers are beginning to feel the effects of rising costs on their pocket books. So far this year, record high grain-prices and ensuing high food costs have led to violent riots. Another hit to consumers, we are paying just as much at the pump [...]

Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China. China, the world’s fastest growing major economy, has massive coal reserves, but the country’s energy consumption is growing so rapidly [...]

Mongolia is a land-locked country in east-central Asia. It is a nation with rich resources, including – copper, gold, iron ore, molybdenum, oil, phosphates, tin, uranium, tungsten- and coal. Its ample mineral wealth has earned it the nickname of “Saudi Arabia of Central Asia.” Mining companies were first attracted to the area to extract copper, [...]

Shares of Rio Tinto (RTP) stock ended Wednesday’s trading session in the red a day after the company said that it has chosen to exercise all its Series A warrants in Ivanhoe Mines (IVN), demonstrating its continued dedication to the Oyu Tolgoi copper and gold project in Mongolia. Rio Tinto American Depository Receipts settled down [...]