Mongolia rocks!

Published: Friday, 17 December 2010

As China shifts its focus from exports to domestic demand-led growth, Mongolia has an opportunity to supply China as well as neighbouring countries. Alexander Czarnecki assesses the country’s industrial minerals potential and its attraction to foreign investors

“Mongolia is a wealthy country. It’s just all underground.”

With a GDP of $5bn. and a third of the population living under the poverty line, Mongolia does not seem like a rich country. Nor does it look the part.

The skyline of Ulaanbaatar is dominated by...

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