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.
- Forums
- ASX - By Stock
- NRU
- current president of mongolia secures 2nd term
current president of mongolia secures 2nd term
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)