Mongolia is on the cusp of a mining boom. The commencement of production at the Oyu Tolgoi (OT) copper and gold mine in 2013 is set to transform the entire landscape of the country's mining industry. Situated in the South Gobi Desert, OT is Mongolia's main mining site and hosts rich deposits of copper, molybdenum, silver and gold.

BMI Industry View 7

SWOT 9

Industry Forecast 10

Coal: Tavan Tolgoi In Driving Seat 10

      Table: Mongolia - Select Coal Projects 11

      Table: Mongolia - Coal Production Forecast 14

Copper: Oyu Tolgoi To Take Charge 14

      Table: Mongolia - Largest Copper Projects 17

      Table: Mongolia - Copper Production Forecast 17

Gold: Set To Dazzle 17

      Table: Mongolia - Select Gold Projects 20

      Table: Mongolia - Gold Production Forecast 20

Industry Risk Reward Ratings 21

      Table: Asia Mining Risk/Reward Ratings 22

Market Overview 28

      Table: Mongolia - Mining Industry Value & Production Forecasts 29

Regulatory Development 30

      Table: Asia - Mining Regulatory Scorecard 33

      Table: Mongolia Political Overview 34

Commodities Forecast 36

Commodity Strategy 36

Iron Ore: Prices To Head Lower In 2014 37

Steel: Reprieve Unlikely To Last 38

Aluminium: Weakness Resuming 38

Copper: Continued Weakening 40

Lead: Modest Secular Uptrend To Remain Intact 40

Nickel: Can't Catch A Break 41

Tin: Outperformance To Continue 42

Zinc: Likely To Hold Up 43

      Table: Select Commodities - Performance & BMI Forecasts 44

      Table: BMI Commodities Strategy 45

Competitive Landscape 46

      Table: Mongolia - Financial Data Of Key Listed Companies 47

Company Profile 48

Centerra Gold 48

      Table: Centerra Gold - Key Financial Data 50

Turquoise Hill Resources 51

      Table: Turquoise Hill - Key Financial Data 54

Regional Overview 55

Global Industry Overview 61

Global Overview 61

Downturn To Continue Into 2014 61

      1. China Slowdown To Drive Mining Moderation 61

      2. Frontier Mining Increasingly Challenging 62

      3. Mining Services Firms Facing Tough Outlook 64

But Opportunities Still Exist 66

      1. Asian Outward Investment Continues 66

      2. Private Equity Entering The Mix 68

      3. Global Thermal Coal Demand Still Growing 69

Methodology 72

Industry Forecast Methodology 72

Sources 73

Risk/Reward Rating Methodology 74

      Table: Mining Risk/Reward Ratings Indicators 75

      Table: Weighting Of Indicators 76

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