market intelligence firm covering #Mongolia. Contact info(at)covermongolia(dot)com to subscribe to CoverMongolia NewsWire. Posted here with a two-week delay. Follow the news on twitter.com/CoverMongolia, facebook.com/CoverMongolia, instagram.com/covermongolia,
April 20 (Seeking Alpha) When it comes to the shape of gold demand, China is key, says Eily Ong, author of the World Gold Council's recent study, Gold in the Year of the Tiger. A growing Chinese middle class with disposable income and a penchant for saving, says Ong, could drive gold consumption in the country to double over the next decade—which should help boost prices. ... http://seekingalpha.com/article/199514-chinese-gold-consumption-is-catching-up?source=yahoo
April 9 (UB Post) The development of the Zamin-Uud Free Economic Zone can enjoy rapid progress if further investment is decided.
Such a conclusion was made by the working group headed by O.Chuluunbat, member of the parliament’s Standing Committee on Budget. The working group made a trip to the Zamin-Uud Free Economic Zone to get familiarized with current situation and define what needs to be done further. It was decided that the investment of US$50 million is needed to develop the infrastructure of the zone.
The working group in charge of free zone development has also decided that free trade zones can be established in other regions such as Choir, Tsagaannuur and Altanbulag.
BHP uncovers possible violations of anti-graft laws
April 20 (Reuters) - Global miner BHP Billiton (BHP.AX) (BLT.L) revealed on Wednesday possible violations of anti- raft laws inside the company, in another blow to the mining industry's tarnished image.