Mongolia trying to shake bad reputation and woo new investment

IF the giant Rio Tinto-backed Oyu Tolgoi copper-gold mine is a monument to Mongolia's rich mineral endowment, green shoots in its exploration landscape may be the clearest signs for some time that more positive investment sentiment is building after the damage done to the country's reputation earlier this decade.

Mongolia trying to shake bad reputation and woo new investment Mongolia trying to shake bad reputation and woo new investment Mongolia trying to shake bad reputation and woo new investment Mongolia trying to shake bad reputation and woo new investment Mongolia trying to shake bad reputation and woo new investment

Erdene Resource Development Corp is developing the Khundii gold project

Back in 2010 a moratorium on new exploration licences effectively shut out explorers wanting to gain access to Mongolia's highly prospective geology.