Mongolia Mining Industry Overview
Mongolia may offer opportunities: with one of the richest soil on earth, a stable democracy and a will to expand their mining industry, there may be opportunities for suppliers.
Local expertise is not well suited to meet the growing demand, specifically for production technologies.
Two major projects, the Oyu Tolgoi copper-gold project (OT) and the Tavan Tolgoi coking coal project (TT), are in line to sustain Mongolia’s GDP growth for many decades and will present opportunities for mining supply companies.
Central Asia has strong growth potential for the mining supply sector, but given the region’s proximity to both China and Europe, these regions may have an advantage.