4/13/2015

Mongolia sees new rail link to China as key to coal sales

A $4-billion deal to revive Mongolia's giant Tavan Tolgoi coal mine will include building an extended cross-border rail link, a move that could stoke fears about the country's growing dependence on its giant neighbour China. Mongolia's mining boom has slowed, partly as a result of the country's reluctance to hand over control of mineral assets to China. More than 90 percent of the Mongolia's exports already go to China.