Research and Markets: Mongolia Mining the Updated Q3 2009 Report - with Independent Forecasts and Competitive Intelligence on Mongolia's Mining Indust

DUBLIN--(Business Wire)--Research and Markets


(http://www.researchandmarkets.com/research/ef56a4/mongolia_mining_re) has announced the addition of the "Mongolia Mining Report Q3 2009" report to their offering. The Mongolia Mining Report provides industry professionals and strategists,corporate analysts, mining associations, government departments and regulatorybodies with independent forecasts and competitive intelligence on Mongolia'smining industry Mongolia's mining industry has great potential. Its mineral resources arelargely unexplored and unexploited. That said, the exploration that has beencarried out to date has found sizable reserves of coal, copper, fluorspar andgold. Full scale extraction of these resources has occurred at a number ofmines. In total, about 80 types of minerals have been discovered in Mongolia.However, the biggest drawback to foreign investment remains regulatory issues.In May 2009, the Mongolian government was forced to defend itself in theFrankfurt Court of International Arbitration, after it was sued for US$1bn byRussian mining company Altan Dornod Mongol. As reported by Mongol News, thecompany accuses the Mongolian authorities of taking excessive taxation fromRussian investments, claiming that the 68% windfall tax is against internationallaw as Mongolia and Russia have signed a bilateral agreement to avoid doubletaxation for companies operating between the territories. The Mongolian TaxationAuthority claims that Altan Dornod Mongol owes MNT56bn (US$39.6mn) and hassubsequently shutdown the company's bank accounts and is threatening toconfiscate its mining licenses. Meanwhile, the analyst remains concerned about ongoing delays to thefinalization of what will be a landmark agreement over drilling rights at theOyu Tolgoi gold and copper mine, although we expect the deal to be finalised inH109, with a resultant surge in FDI inflows through the remainder of 2009 and2010. Indeed, the importance which Oyu Tolgoi, and the underlying legal contractbetween the government and Anglo-Australian Rio Tinto and Canada's Ivanhoe willplay for Mongolia's growth dynamics cannot be downplayed. As the biggest foreigninvestment project in Mongolia's history, we expect the benchmark miningagreement to not only increase investment inflows in the short term, but alsoserve as the framework upon which future projects will be based. Yet, in late April the Democratic Party, which is a partner in Mongolia'scoalition government, announced its reservations about the draft investmentagreement governing the project. Though most legislators in Ulan Bator remainkeen on finalising the landmark mining deal, ongoing disagreements withinparliament continue to obstruct conclusion of the agreement. Key participants in the mining sector include: Centerra Gold, Erdene Gold,Ivanhoe Mines, QGX, Solomon Resources, and South Gobi Energy Resources (asubsidiary of Ivanhoe Mines). Key export markets include China, Canada, Japan,South Korea and the US. Key Topics Covered:* Executive Summary * Industry Trends And Developments * - Overview * - Regulatory Structure * - Recent Developments * Key Projects * - Metals * - Gold * - Copper * - Minerals * - Fluorspar * - Coal * Swot Analysis * - Mongolia Political Swot * - Mongolia Economic Swot * - Mongolia Business Environment Swot * Business Environment * - Asia Pacific Overview * - Table: Asia-Pacific Business Environment Ranking * - Mongolia - Business Environment Ranking * - Limits Of Potential Returns * - Risks To Realisation Of Returns * - Legal Framework * - Property Rights * - Physical Infrastructure * - Labour Force * - Foreign Investment Policy * - Operational Risk * Industry Forecast Scenario * - Metals Price Outlook * - Aluminium * - Table: Bmi Aluminium Forecast * - Copper * - Table: Bmi Copper Forecast * - Global Industry Overview * - Regional Analysis * - Mongolia'S Mining Industry Forecast * - Table: Mongolia Mining Industry Data And Forecast, 2006 - 2013 * Competitive Landscape * Company MonitorCompanies Mentioned:* Centerra Gold Inc * Erdene Gold Inc * Ivanhoe Mines * Solomon Resources Limited * SouthGobi Energy Resources LtdFor more information visithttp://www.researchandmarkets.com/research/ef56a4/mongolia_mining_reResearch and MarketsLaura Wood, Senior Manager,press@researchandmarkets.comU.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2009
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