Mongolian Dependence a Threat

Mongolia’s Sukhbaatar Batbold ULAN BATOR, Mongolia — Mongolia’s growing dependence on neighboring Russia and China for fuel and power poses a major risk to its booming mining sector that investors need to consider, foreign business executives said. Landlocked Mongolia, which hopes to raise some $25 billion over the next five years to build roads, railways and mining towns, imports about 90 percent of its petroleum products from Russia, while […]