Turquoise Hill And Rio Tinto: Are They Good For Mongolia? - Seeking Alpha: "The short answer is yes, definitely. Rio Tinto (RIO) and its subsidiary companies are the most productive, charitable and environmentally protective influence ever to arrive in that harsh land. But there is another legitimate answer, "it depends" and another pertinent question: "is Mongolia good for RIO and Turquoise Hill (TRQ)?" That answer and query will be considered after discussing the reasons that RIO and TRQ are very good for Mongolia if it wishes to join the modern world, its wealth and commerce, which is a challenging proposition.
The development of vast mineral resources in Mongolia has been and continues to be plagued by Mongolian politics, global organizations and major powers both before and behind the curtain. The main obstacle in the near future is elections for President and Parliament. Originally scheduled for May, they now are tentatively set for late June. But often in the Far East one must be aware of 11th and 12th hour surprises."
'via Blog this'
