At the coalface
The competition is intensifying for Mongolia’s mineral riches, and if Ulan Bator has its way, China may be on the outside looking in. Six companies have been shortlisted for the rights to develop part of the Tavan Tolgoi mine, one of the largest undeveloped coal deposits in the world. As Mongolia’s largest trading partner, China should figure to have an advantage over the other bidders – including Luxembourg’s ArcelorMittal and Brazil’s Vale – but only one Chinese company made the cut.
Mongolia has tried to build ties…