According to market news, Mongolia is very likely to become the fourth largest iron ore mining supplying country in the world.

The country’s natural resources have already attracted various investors from Russia, the US, Canada, Australia, Japan, Korea and China.

There are over 300 mining spots inside Mongolia and its total iron ore reserves breaches 2 billion tons. Investors such as Temasek and Hopu have settled an agreement with Hong Kong Luming Ming Investment holdings, who has already been a shareholder of the iron ore operator Eruu Gol by injecting US$300 million on iron ore exploration.