According to Australia’s Resource Minister, Mr Martin Ferguson, the mining boom in Australia is “over.” BHP Billiton recently cancelled its USD 30 billion expansion plans for its Australian Olympic Dam project, Rio Tinto has abandoned several Australian projects, and Fortescue Metals has announced hundreds of job cuts and a significant downsize of its expansion plans
Mongolian livestock herders are worried that a series of massive gold and copper mining projects will dry up scarce water reserves and exacerbate desertification in the delicate Gobi Desert when operations begin next year to tap one of the world’s largest copper and gold deposits
The Mongol empire in the 13th century conquered great swaths of Asia, the Middle East and even parts of Europe at staggering speed, but how did Genghis Khan and his armies manage to conquer so much and so fast?
Reputedly this company is used to weathering Asian storms. So a long wait that has just ended for Centerra Gold TSX:CG in Mongolia must have been borne with patience.
The Business Council of Mongolia (www.bcmongolia.org) with support of the Mitsubishi UFJ Research and Consulting (MUFJ) will host a Mongolian Business Mission to "Japan-Mongolia Business Workshop" with Japanese investors and business tour in Tokyo, from Nov 20 to 26 2012.