The Brookings Institution: Same Rules, New Dimensions for Mongolia’s National Security – Adapting to the New Geo-Economic Environment

On October 6, 2009 the Mongolian government signed a U.S. $4 billion mining deal with Canadian-based Ivanhoe Mines and its Anglo-Australian partner, Rio Tinto. These companies will jointly develop a project at Oyu Tolgoi, a location thought to hold one of the world’s largest copper and gold reserves. Hopes are high that this site, in the hitherto underdeveloped heart of the Gobi Desert, will bring forth unprecedented prosperity to this nation of fewer than three million people. This project will also launch a series of other possible contracts involving other partners worldwide – Russia and China to begin with, as well as India and Japan, among others. By enlisting fiscal and technological investment from these and other countries, Mongolia aims to utilize its vast yet untapped deposits of gold, silver, iron ore, coal, and uranium. To read the full article, click hereSame Rules, New Dimensions for Mongolia’s National Security – Adapting to the New Geo-Economic Environment

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