Despite the refusal by the Mongolian government on supporting Oyu Tolgoi Phase-II project finance process, World Bank’s “legally separate” IFC board has approved the loan of USD200-300 million. It proved that Rio Tinto is more convincing than the Mongolian government on how would the future events will unfold.
The Nuclear Energy Authority of Mongolia organized a tutorial seminar, “Uses of nuclear energy and prospects” on Friday March 1st where officials and experts of the Nuclear Energy Authority made speeches on nuclear technology trends, uses and developments.
Mongolia is growing rapidly, but the media continues to downplay the country's economic expansion. After spending 5-months on the ground, the opportunities seem even greater now to invest in the world’s most exciting growth story.