Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, June 27, 2012

Mongolia's Coal Riches Causing Diplomatic Nightmare

Mongolia's Coal Riches Causing Diplomatic Nightmare

Mongolia boasts huge deposits of coal, cooper, gold, uranium and many other rare minerals, and is opening up its vast resources to the world; this has however led to many diplomatic problems for the Asian nation.Mongolia is unfortunately situated between Russia and China, and with no coast it relies on passing through these two countries; routes which Moscow and Beijing make Mongolia pay dearly for.Currently the development of the world’s largest coal deposit at Tavan Tolgoi is being discussed, with international investors vying to get a…Read more...

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