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'We are in a deep state of economic crisis' All is not well with Mongolia's finances. "We are in a deep state of economic crisis," Choijilsuren Battogtokh, the finance minister in Mongolia, said in a nationally televised address on Tuesday, according to Bloomberg. "We came into a situation...

China state visit to Mongolia sees raft of rail, resource deals | Reuters

source: FT.com Kuwait 1950. Abu Dhabi 1970. Qatar 1995. Mongolia 2012? Mongolia, endowed with vast resources and growing at 17 per cent, has a gold-rush atmosphere. The miners, bankers and lawyers who have descended on Ulan Bator like to believe it is the next El Dorado. Those who wish the...