RPT-SPECIAL REPORT-Mongolia's fabled mine stirs Asian frontier
Wed Oct 13, 2010 2:52am GMT
The new gold rush to develop Mongolia's resources could make it the world's fastest-growing economy over the next five years, according to Renaissance Capital, which projected GDP will almost quadruple to $23 billion by 2013 from $6 billion today. To profit from its untapped iron ore, coal, copper, uranium, silver, and gold deposits, the government needs to build a vast network of roads and railways to ship the inerals out of the country's vast interior. More than 10 "strategically important" deposits are in development including the Dornod uranium deposits, the Asgat silver deposit, and the massive Tavan Tolgoi coal site.
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