Deutsche Welle: New Mongolian government faces discontent

Mongolians have elected a new parliament that may – or may not – usher in needed change. The young democracy in northeast Asia faces some huge challenges following a mining boom that has uprooted their nomadic lives. Mongolia’s economy has exploded in recent years as mining giants from around the world have moved in to exploit the vast, landlocked nation’s huge and largely untapped reserves of coal, copper and gold. There’s a gold-rush mentality among investors. “Mongolia is the most exciting story in booming Asia, but it’s not one for the fainthearted,” says Christopher Wood, an investment consultant with CLSA in Hong Kong. To read the full article, click hereNew Mongolian government faces discontent

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