The Wall Street Journal: Mongolia Wary of Chinese Investment

For adventurous frontier investors in Asia, last year was all about Mongolia. Now Myanmar is the darling of 2012, as it slowly opens up to the outside world. China, though, never lost its interest in Mongolia. State-owned giant Aluminum Corp. of China Ltd., also known as Chalco, has made large investments in the resource-rich country in recent weeks. But a recent deal in Mongolia has hit a stumbling block, and signs are starting to show that country may be slowly closing its doors to foreign ownership, especially from China. Chalco is already a big player in Mongolia, taking 80% of production from Tavan Tolgoi, a giant coking-coal project that Mongolia plans to list in a $10 billion initial public offering in London, Hong Kong and Ulan Bator. To read the full article, click hereMongolia Wary of Chinese Investment

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