Collaboration between London Metal Exchange and Hong Kong Exchange and its implications to Mongolia
As Mongolia is about to produce massive coal, copper, gold and other mineral resources in a future, there should be some scheme to facilitate Mongolian producers to access to the market, foreign capital and consumers of the minerals.
As producers have always faced problems of financing, using stock exchanges both in Mongolia and foreign stock exchanges have been considered in the last few years.
Mongolian Mining Corporation (MMC) and South Gobi Resources were the first big success story from Mongolia and have been listed in HKSE. Also, 20-30 companies listed in ASX (Australia Stock Exchange) and TSX (Toronto Stock Exchange) were considered to be junior Mongolian related exploration companies because they have significant assets (particularly) of minerals in Mongolia.
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