Altan San Securities - Mongolia Investment - “Two neighbors” blamed for delaying mining agreements

“Two neighbors” blamed for delaying mining agreements

According to the Mongolian National Mining Association, Senior Democratic Party leader E.Bat-Uul has blamed Mongolia’s “two neighbors” for the delay in reaching an agreement on investments on the two Tolgoi deposits. “We wouldn’t be begging everybody for money if mining there had begun,” he said, adding, “We got to tell the truth to the people. The neighbors do not want to let us out of their control and do not wish western mining giants to work here, as they think that may then allow the governments of the USA, Japan, Australia and such countries to have more influence in Mongolia.”

Source: www.news.mn

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