RE:RE:RE:RE:Third Party Mining CompanyyI don't know if Mongolia has enough fiscal stability to do as it pleases. Rio's gross global sales are more than double Mongolia's GDP. Mongolia has substantial dependence on foreign development, investment and export banks, the IMF, World Bank, and support of the G-12 countries who favour their third neighbour diplomatic policy, keeping China and Russia's involvement in the country limited.
Oyu Tolgoi is surely a test case for the several major mining projects that might be financed in the future by other international players, that must have some effect on limiting Mongolia's actions.
Right now they are suffering the losses and a widespread rural crisis following another significant Dzud event - huge livestock losses after a very cold and snowy winter. It is a very hard blow and they are focussed on generating as much assistance from international relief agencies as they can, nomadic herders are still a large portion of their population. It is still a poor country when it comes to financing a large disaster response.
Money talks loudest?
cg