NewsBites Finance adds Mongolian Stock Reports

12 December 2013

NewsBites is pleased to announce that news from the Mongolian Stock Exchange has been added to its Stock Report news services.

The Mongolian Stock Exchange was established in 1991 to implement the government’s privatisation policy. There are 36 A-listed and 151 B-listed companies on the exchange which also handles bonds.

Mongolia is undergoing an economic transformation via a mining boom. The country holds copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, which account for a significant part of foreign direct investment and government revenues. The country's extensive mineral reserves are attracting interest from Australian, Canadian, Russian, U.S. and other global mining and minerals companies.

Mongolia’s geographical location between China and Russia also attracts geopolitical interest.

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