Long one of the pillars of the country’s economy, Malaysia is now looking to build on the value of its timber industry, aiming to expand into new markets, while guaranteeing the sector’s future through improved management practices, higher investments and a greater emphasis on sustainability.
Malaysia has a wide range of hard woods, [...]
Marc Faber, the Swiss-born, Thai-based investor known affectionately to many as “Dr. Doom,” remarked to Bloomberg recently that Mongolia is “torn between two lovers – China and Russia,” and is a country with huge potential. “The country is incredibly resource rich, another Saudi Arabia, next to the largest population in the world.”
Earlier this month Mongolia was [...]
Rio Tinto today signed an Investment Agreement with the Government of Mongolia for the development of the Oyu Tolgoi copper-gold complex in Mongolia’s South Gobi region.
Rio Tinto and Ivanhoe Mines Ltd, the development partners for the project, will now move forward with the government to address the conditions precedent and commence the development phase. [...]
With this years iron ore contract prices still up in the air, many Chinese steelmakers are taking a different approach, rather than wait on Rio Tinto.
The alternate route is to find small and medium-sized Australian miners for equity cooperation to enable them to avoid having much to do with the world’s three monster iron [...]
As we previously reported in Miners to benefit from change to Indonesian Law , foreign mining companies operating in the country are required to sell 51% of their local holdings back to the government after 5 years of commercial operation. However, Newmont (NYSE : NEM), will only be asked to relinquish 17% of its [...]