Saturday, July 5, 2008

Political Unrest in Mongolia May Hinder Mining Investment

The political chaos that triggered a state of emergency in Mongolia this week could slow the country's economic transformation and delay investment plans of Western mining companies that have been waiting to push through deals.

Mongolia imposed a four-day state of emergency in the downtown area of the capital, Ulan Bator, after the opposition alleged fraud in weekend elections and violent protests erupted. By Thursday, newswire services were reporting that the military vehicles had withdrawn from the streets, and the state of emergency was set to end midnight Friday. But the political situation could take months to resolve.

Mongolia has ...


No comments: