Mongolia the Latest Mining Frontier, but Not for the Risk Averse
Posted on November 16, 2012 at 07:00 AM EST
Mongolia may have $2 trillion in untapped natural resources, and as only 1 percent of its land has been licensed for mining, it is an exciting exploration prospect. But the government's flip-flopping on its investment agreement regarding Rio Tinto's massive Oyu Tolgoi copper mine, along with challenges associated with infrastructure and exports, could deter investors.