Mongolia-based Erdenes-Tavan Tolgoi Co. said Tuesday the company's planned $3 billion Hong Kong, London and Ulan Bator initial public offering is unlikely to be held before the end of the third quarter because of poor market conditions and weak coal prices.
Mongolia-focused Kincora Copper (CVE:KCC) is taking a “very positive step” by using more aggressive geophysical tools, according to broker Ocean Equities.
Mongolia expects to recover its mine supply to the Chinese market in five to ten months as China has reduced purchasing mine in Mongolia due to the sluggish global economy, the vice minister of the country's Ministry of Economic Development Chuluunbat Orhirbat said here on Tuesday.
Mongolia’s central bank governor said that the nation’s growth rate may slow by a third this year from a record 17 percent in 2011 as inflows of foreign investment cool.