Shale gas changed everything. Using hydraulic fracturing technology, North American gas producers over the past decade have unlocked trillions of cubic feet of new, unconventional gas reserves from shale.
The opening of Asian markets will be a boost to Latin mineral and petroleum projects. With new trade routes being formed, these mines and oil fields are going to get a lot more valuable, to a lot more people.
This is odd. Teck has no operations in Mongolia. Not even exploration. In fact, the company has almost no operations outside of the Americas. Mongolia is a long way from home. And yet they're covering dinner for the Mongolians.