Monday, 16 June 2008

Khan resources

Mongolias natural resources are largely untapped. Khan Resources, whose stock has been in the dolldrums, see that as an opportunity and is currently bidding for a local company. Khan is a Canadian exploration and Uranium development company who's current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine.

Uranium is gaining increased investor attention. The Global demand for electricity is growing faster than GDP. Nuclear Energy fueled by Uranium currently provides 17% of it. Existing demand for Uranium outstrips the current supply.

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