Mongolia’s resource-based economy is forecast to be one of the fastest growing in the world over the next two decades. The two big stories of 2011 were Tavan Tolgoi, a coal mine now ramping up its production, and Oyu Tolgoi, a copper and gold mine that should begin operations in 2013. The IMF expects investment in these projects, and growth in spinoff industries, to drive GDP growth to 12% in...
Mongolia
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Mongolia’s political history is dominated by its relationships with its only two neighbors: China and Russia. Although in the 13th century, Genghis Khan conquered lands as far away as eastern Europe and established one of the largest empires in history, Mongolia fell under Chinese dominion by the 17th century. The fall of the Qing Dynasty in 1919 paved the way for Bolshevik Russia to turn...
The mineral wealth of Mongolia, a vast and isolated land, has brought the world to its doorstep. The country’s economy is one of the fastest growing in the world, and production from and investment in its two largest mines should see GDP growth continue to climb.