Writing for The Brookings Institution, Munkh-Ochir Dorjjugder, Associate Senior Analyst, Institute for Strategic Studies, National Security Council of Mongolia has said that the agreement on Oyutolgoi has raised hopes that the site, in the hitherto underdeveloped heart of the Gobi Desert, will bring forth unprecedented prosperity to a nation of fewer than three million people. This project will also launch a series of other possible contracts involving other partners worldwide – Russia and China to begin with, as well as India and Japan, among others. By enlisting fiscal and technological investment from these and other countries, Mongolia aims to utilize its vast yet untapped deposits of gold, silver, iron ore, coal, and uranium.

The trading volume of Mongolia Energy Corporation (0276) rose slightly recently because influential shareholder Cheng Yu-tong of New World Development (0017) raised his stake in the miner.

Toronto-based Centerra Gold is hoping to receive the final approval from Mongolia's government to restart heap leaching operations at the company's Boroo mine, CEO Stephen Lang said on Friday.

The Business Council of Mongolia (BCM) arranged a Mining Supply Chain Supplier Exhibition on Wednesday at the Khan Bank Theater. A wide variety of goods and services that will be needed as the mining sector expands was on show, from packaged flour and work uniforms, to cement and all the necessities of mining companies, including heavy equipment.