current president of mongolia secures 2nd term

According to preliminary results, pro-investment, pro-Western President of Mongolia Elbegdorj Tsakhia has won by a comfortable majority in the region of 57%.

This will re-invigorate foreign investment back Mongolia, because large investors were fearing that MPP candidate B.Bat-Erdene might win the election on resources nationalism ticket drive them out of the country.

B.Bat-Erdene has told, among other things, that Oyu Tolgoi Investment Agreement (Rio Tinto project) must revised.

Conclusion: Large investors will be back to business, because they were in wait-and-see mode.