" Mongolia's large thermal and coking coal reserves could see it rival Australia's market dominance in years to come." http://www.smh.com.au/business/king-let-the-profits-do-the-talking-20100816-126wx.html
"Mongolia's vast reserves of high-quality coal, combined with its close proximity to China, the world's largest consumer of coal, and high demand Asian markets - make Mongolia a growing strategic player in the global coal market. Mongolia plays an important, expanding role in powering China's heavy industries and coal-fired generating capacity...
Infrastucture to access Mongolian coal is rapidily developing in China. A Chinese steel mill already has built a railway line to the Ceke border point, where a major automated railcar coal loading facility exists. A second railway line from Ceke,PRC to the industrial city of Linhe,PRC also has been completed. The Mongolian government has designated the Shivee Khuren (Ceke) border crossing a permanent border crossing which allows for distribution of Ovoot Tolgoi coal to customers in China." http://www.southgobi.com/s/OvootTolgoi.asp
RIV Price at posting:
$9.50 Sentiment: Hold Disclosure: Held