Mongolia is abundant in placer gold. We direct investment funds into proven placer gold production plays in Mongolia. No high-risk exploration ventures. Mongolia ranks as the fourth biggest gold producer in Asia after China, Indonesia and Philippines (not counting CIS). Over 500 gold mining licences are in force, which are by far the largest portion of mining licences in Mongolia. Mongolia still has an unforeseeable large gold potential due to its exceptional geological setting at the rim of the Siberian craton.
Mongolia is attracting international funds for the exploitation of its rich metal and mineral reserves. There are about 250 entirely foreign-owned companies and 104 joint-ventures with foreign companies in Mongolia, the one with Rio Tinto of Australia being the biggest. Rio Tinto is engaged in the Oyu Tolgoi mine, the future world's largest underground copper-gold mine located in the Gobi desert. Five government agencies including IFC and EBRD along with 15 banks provided project financing worth USD 4.4 Billion for Oyu Tolgoi, which holds over 1'300 tonnes of gold.