Mongolia

Nuclear power has at times been considered a prominent part of Mongolia’s energy mix in the long term. The country has significant uranium reserves in multiple locations, according to data from the International Atomic Energy Agency, with the vast majority of it in the Dornod field in the north-east. Mongolia has in recent years been reforming its...

THE COMPANY: Established in 1981 with Japanese economic and technical assistance to process natural goat and camel hair, Gobi produces cashmere and camel wool products from these fibres. It has since developed into one of the five largest cashmere producers in the world, and has around 1000 employees....

Although inflation and commodity price fluctuations preoccupy investors and politicians in the short run, Mongolia’s biggest challenge, as long recognised by development experts and local decision makers, will be rising dependence on mining revenues. The debate on how to manage non-renewable mineral wealth is likely to come into sharp focus once the...

coal to China that does not match up to Chinese railway gauges in this light. China may have the coal, but only at an extra cost, as it will have to transfer this cargo to its own, narrower-gauge rolling stock.

THE BEAR: Russia, meanwhile, has often historically proven an ally, the Red Army helping...

Key reforms implemented in the aftermath of the 2008-09 financial crisis have created a more flexible and resilient banking sector just as the economy entered a period of slowing growth in 2012. While the sector has expanded dramatically in the past two years, banks have faced a liquidity squeeze in 2012 that has reduced the pace of growth. Over...

As a landlocked country, with two giant nations enclosing its northern and southern frontiers, Mongolia has long seen much of its economic activity dominated by relations with Russia and China. In recent times, though, Ulaanbaatar has been trying to widen its overseas channels, instituting a “third neighbour” policy to provide extra balance – and...