With this weeks trade deal with China "expected" to happen the stage Is set for a spike up In share price.
Longer term, NOT for the faint of heart!
Preserving the political status quo in Mongolia 10 January 2020 Some questions linger over the status of the giant Oyu Tolgoi copper project as the saviour of Mongolian finances. In November 2019 Mongolia’s parliament approved a resolution to improve the agreement with operator Rio Tinto. Constitutional amendments also passed in November include provisions that raise the status of ‘strategic deposit’ (potential or operating mines of significance to the nation) to a constitutional level and also specify that Mongolians must receive the majority of benefits from these projects. These largely symbolic amendments do not seem to imply any particular policies but they are now available to future political and populist games. Unexpected and ongoing technical and geological challenges at the Oyu Tolgoi site also spell further potential cost overruns that might strain the relationship between Rio Tinto as the operator of the mine and the government as an equity partner.
Mongolia’s most significant political news came at the end of 2019 as amendments to the Constitution were passed and ratified by President Khaltmaagiin Battulga. These amendments focus on a clarification of the balance of power between the Prime Minister and the President in a hybrid parliamentary-presidential system, but they await a final check by the Constitutional Court. The changes also set the stage for a parliamentary election in June 2020 — a test of the extent to which the landscape for political parties has been reduced to a duopoly, if that.