GOM looking for moneyBased on their track record, they will have to pay 10% pluss if they can even find any takers.Giving money to drunken sailors is never a good idea!!
- Mongolia's government says it plans to issue a $1B debt offering to put its fiscal affairs back in order, as it tries to ride a wave of goodwill that arose from the recent deal with Rio Tinto (NYSE:RIO) and Turquoise Hill Resources (NYSE:TRQ) to launch the crucial expansion project at the giant Oyu Tolgoi copper mine.
- According to a statement from the latest Cabinet meeting, the Oyu Tolgoi deal has given investors reason to reassess risk in the country.
- Mongolia is hungry for cash injections after an 84% decline in foreign investment last year, caused by a weaker commodities market and slowing growth in China.
23,601 people have RIO in their portfolio