Asia Times Online :: Australia lifts role in Mongolia: "Australia believes it can be a strong "third neighbor" to Mongolia because its companies are well placed to assist in the development of Mongolia's resources sector. Concurrently, this is a way for these companies to lessen the impact of Mongolian minerals replacing Australian ones in the Chinese market. A
Although the political controversies around revising Mongolia's foreign investment laws and reopening the OT agreement with Rio Tinto are serious concerns for Australia, the Australian Ministry of Foreign Affairs and Trade, out of belief that Australia can be Mongolia's model for managing its mining economy and mineral wealth, has made Mongolia a priority country under its Mining for Development initiative. "
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Although the political controversies around revising Mongolia's foreign investment laws and reopening the OT agreement with Rio Tinto are serious concerns for Australia, the Australian Ministry of Foreign Affairs and Trade, out of belief that Australia can be Mongolia's model for managing its mining economy and mineral wealth, has made Mongolia a priority country under its Mining for Development initiative. "
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