The Wall Street Journal: a Chinatown Rises in Mongolia’s Crown Jewel

In resource-rich, landlocked Mongolia, nationalism has often meant a wariness of its uncomfortably large neighbor to the south. Now, news that one of Mongolia’s crown jewels — the copper-gold mining project known as Oyu Tolgoi — employs more than a third of its work force from China could set the stage for a surge in tensions between the two countries. Oyu Tolgoi, the world’s largest undeveloped copper-gold deposit, is in the final stages of preparations for production due next year. It represents for Mongolia not just the hope of leapfrogging the national-development ladder but also the chance to create a truly Mongolian cash cow. Trouble is: Out of the roughly 15,000 employees and contract workers currently on site, around a third are Chinese, Masa Igata, the chief executive of Ulaanbaatar-based investment firm Frontier Securities, told China Real Time Wednesday. To read the full article, click herea Chinatown Rises in Mongolia’s Crown Jewel

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