Mongolia the Latest Mining Frontier, but Not for the Risk Averse | Copper Investing News: "Mongolia is expected to have the fastest growing economy in the world between 2010 and 2030, with an average growth rate of 9.7 percent, according to Citigroup Global Markets statistics cited by Tuvshintugs Batdelger of the National University of Mongolia’s Economic Research Institute. In a presentation at the Mongolia Investment Summit in Hong Kong last month, Batdelger said the mining sector is expected to be the biggest factor influencing Mongolia’s economic growth in the coming years, contributing 29 percent of the country’s GDP in 2040. And estimates suggest that Rio Tinto’s (LSE:RIO,ASX:RIO,NYSE:RIO) Oyu Tolgoi copper and gold mine will contribute 25 percent of Mongolia’s GDP in 2020.
Considering these growth rates — which exceed expectations for neighboring China — investing in Mongolia might seem like a no brainer. Not so, according to Jon Springer, who writes a weekly blog about Mongolia on Seeking Alpha. After attending the Mongolia Investment Summit, he concluded that while there are reasons for long-term optimism, “the near-term outlook is not good.”"
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