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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