Mongolia the 'next Chile,' Ivanhoe's Friedland says
Mongolia will be the next powerhouse in the global copper mining industry, surpassing even Chile in the scale and efficiencies of projects, according to Robert M. Friedland, founder and executive chairman of Ivanhoe Mines Ltd.
Friedland, whose company has been developing the Oyu Tolgoi copper-gold mine in Mongolia for more than a decade, said that rapidly declining ore grades at many of the world's existing copper mines make new projects in Mongolia particularly attractive.
"A lot of the great Chilean mines are like little old ladies waiting to die."
Friedland, whose company has been developing the Oyu Tolgoi copper-gold mine in Mongolia for more than a decade, said that rapidly declining ore grades at many of the world's existing copper mines make new projects in Mongolia particularly attractive.
"A lot of the great Chilean mines are like little old ladies waiting to die."
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