Mongolia learning from Aus how to make most of mining boom | Clarence Valley Daily Examiner: "AS IT prepares to face the corporate hordes keen for its minerals, Mongolian government officials have headed for Australia to learn how to make the most of it.
The developing Asian nation, on the doorstep of a resource-hungry China, has an exploding industry funded in part by billions of dollars from multi-national mining firm Rio Tinto.
When the Oyu Tolgoi [corr]copper and gold project reaches peak production in 2018, it will supply one-third of the country's gross domestic product.
With this in mind, Mongolia must carefully choose its path because other developing nations have squandered opportunities of this scale, finding themselves poorer, not richer, once these minerals are exhausted."
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