Jakarta Globe / AFP: Mongolians Go to Polls Hoping for Mining Wealth

Resource-rich Mongolia headed to the polls Thursday to elect a new parliament, with both major parties telling frustrated voters they would deliver better shares of a stunning but divisive mining boom. Mongolia’s economy has exploded in recent years as mining giants such as Rio Tinto and China’s Shenhua moved in to exploit the vast, landlocked nation’s huge and largely untapped reserves of coal, copper and gold. But the least well-off among Mongolia’s 2.8 million people often complain that they are reaping few benefits of the boom, corruption is worsening among the elite and foreign mining companies are being given ultra-generous deals. To read the full article, click hereMongolians Go to Polls Hoping for Mining Wealth

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