Indicated resources have increased to 1.17 million tonnes at 3.52% copper-equivalent for a total of 90.7 million lb. of contained copper-equivalent metal.
"As long as the world’s most important central banks are stepping back from further monetary stimulus, and China’s appetite for raw materials slows down, the earnings trajectory for metals and mining companies may still be downward."
"Smart blasting, mineral pre-concentration, novel flowsheets and new grinding technologies are just a few of the different strategies which can improve cost effectiveness."
In recent years the country has seen a mining boom drive outstanding economic growth, but wealth gap and pollution concerns are changing the country's view towards foreign resource firms.
Regardless of who is elected, analysts agree that Rio's Oyu Tolgoi, the largest foreign investment in Mongolia, will be the first and main target for the new president.