Canada's Man in Mongolia Has Fond Atlanta Memories: "With 3 million people (fewer than metro Atlanta) Mongolia's economy is tiny. In 2011, gross domestic product was up 6.4 percent to $6.2 billion, according to the World Bank. But more investment is coming, as anticipated by gleaming new buildings Mr. Goldhawk can see from the embassy's office. Various forecasters project growth this year of up to 15 percent as companies continue to invest in huge mining projects in the South Gobi province. Growth during the next decade could top 40 percent.
Canada, with its strong natural resources sector, is a major contributor. Just the pre-production costs of the Oyu Tolgoi gold and copper mines, a joint project between Canadian mining firm Ivanhoe and global giant Rio Tinto, is bringing in more than $4 billion."
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