Category Archives: Foreign Investment

Rio Tinto in Mongolia

By Julian Dierkes Recently, Bulgan B and I pointed out that there have been as many CEOs at Oyu Tolgoi over the past ten years as there have been PMs of Mongolia. I also appeared on a live BBC radio … Continue reading

Posted in Foreign Investment, International Agreements, Mining, Mining, Mining Governance, Nationalism, Oyu Tolgoi, Policy | Leave a comment

Implications of Power Politics for OT and Elsewhere “Offshore”

By Marissa Smith About a week ago, Mendee and I agreed to write a pair of blog posts on the question of how OT and the current wave of corruption investigations and arrests, most recently involving former Prime Ministers Ch. … Continue reading

Posted in Corruption, Development, Foreign Investment, Infrastructure, International Agreements, International Relations, Mining, Mining, Mining Governance, North Korea, Oyu Tolgoi | Tagged | Leave a comment

Guest Post: A quick reaction to the on-going Facebook conversations on Oyu Tolgoi agreement and the role of Mr Bayartsogt in signing it

By Undariya Tumursukh The news that the Swiss are investigating the possible corruption case involving the former Finance Minister S. Bayartsogt (DP) and Rio Tinto has triggered some agitated discussion, including on Facebook, about Mr. Bayartsogt’s central role in concluding … Continue reading

Posted in Corruption, Foreign Investment, International Agreements, Mining, Oyu Tolgoi, Undariya Tumursukh | 1 Comment

SOMO Report “Mining Taxes”

By Julian Dierkes The Dutch Centre for Research on Multinational Corporations (SOMO) published a report focused on a whole list of issues related to financial and governance structures for the Oyu Tolgoi project. The report was written by SOMO’s Vincent Kiezebrink and … Continue reading

Posted in Canada, Corruption, EU, Foreign Investment, International Agreements, International Relations, Mining, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

SOMO Report Preamble: Assumptions

By Julian Dierkes It struck me while reading the SOMO report on Oyu Tolgoi governance and tax structures that there are a number of big assumptions and elements in the Mongolian context that are not discussed explicitly, but that are … Continue reading

Posted in Foreign Investment, International Agreements, Mining, Mining Governance, Oyu Tolgoi, Policy, Public Policy, Taxes | Tagged | Leave a comment

Unequal Match: Mongolia versus Rio Tinto

By Mendee Jargalsaikhan If one describes the bargaining game between Mongolia, a small and isolated resource-rich state, and Rio Tinto, a giant multinational corporation, through the Mongolian national pastime sport – wrestling, it is truly an unequal match between the … Continue reading

Posted in Economics, Foreign Investment, International Agreements, Mendee Jargalsaikhan, Mining, Mongolia and ..., Oyu Tolgoi | Tagged | Leave a comment

Guest Post: Agreement between Canada and Mongolia for the Promotion and Protection of Investments – a Glance at Its Nature, Significance and Features

By Bajar Scharaw On 8 September 2016, Canada and Mongolia signed an international Agreement for the Promotion and Protection of Investments (the Canada-Mongolia Investment Agreement). The Agreement entered into force on 24 February 2017 and created legally-binding obligations for both … Continue reading

Posted in Bajar Scharaw, Canada, Foreign Investment, Foreign Policy, International Agreements, Law, Trade | 2 Comments

Resource Nationalism?

By Julian Dierkes One of the dominant foreign views of Mongolian politics is that they’re rife with “resource nationalism”. This perspective is reproduced in many conversations with people in the mining or financial industry and is often repeated by visiting … Continue reading

Posted in Foreign Investment, Mining, Mongolia and ..., Nationalism, Policy, Politics, Populism, Social Movements | Tagged | 4 Comments

Guest Post: Mongolia 2016 – Will there be light at the end of the tunnel?

By Stefan Hanselmann If the development of the last quarter of 2015 can serve as an indicator, we can eventually expect for next year some real light at the end of the tunnel. Unfortunately, Mongolia had to learn the hard … Continue reading

Posted in Bilateral Aid, Business, Development, Diversification, Economics, Foreign Investment, Ikh Khural 2016, Inflation, Mining, Oyu Tolgoi, Policy, Politics, Stefan Hanselmann | Leave a comment

Politics in Late Summer 2015

I’m about to head to Ulaanbaatar for a very brief visit. While summer is a time of parliamentary recess and Naadam, it has been a bit more eventful than usual with the de facto dissolution of PM Saikhanbileg’s super coalition. … Continue reading

Posted in Democratic Party, Elections, Foreign Investment, Ikh Khural 2016, Mongolian People's Party, Party Politics, Politics, Public Opinion | Tagged | Leave a comment

Oyu Tolgoi on Track Again

Last week, this is what I tweeted AUS article abt possible progress on #OyuTolgoi negotiatons (http://t.co/ARV73N2xS6) got me thinking abt analysis for day after agreement. — Julian Dierkes (@jdierkes) May 14, 2015 It looks like the day after is upon … Continue reading

Posted in Economics, Foreign Investment, Mining, Mining, Oyu Tolgoi, Party Politics | Tagged | Leave a comment

Guest Post: Assessing Khan Resources Arbitration

Matthew Levine Following expropriation of Dornod uranium investment, Khan Resources announces conclusion of arbitration with Mongolian government Intro Khan, a mining company listed on the Toronto Stock Exchange’s venture board, its holding company, and its erstwhile joint-venture partner, recently announced … Continue reading

Posted in Business, Canada, Foreign Investment, International Agreements, International Relations | 1 Comment

Arbitration Award to Khan Resources

On Mar 2 2015 it was announced that erstwhile Canadian uranium miner Khan Resources was awarded US$100mio in arbitration proceedings administered by the Permanent Court of Arbitration based in The Hague (Netherlands). The proceedings were rooted in the 2009 cancellation … Continue reading

Posted in Canada, Foreign Investment, International Agreements, International Relations, Mining | Tagged | Leave a comment

Feeling (Politically) Pessimistic for Coming Year

It is Tsagaan Sar, so happy new year to all of Mongolia and to Mongolians! Сар шинэдээ сайхан шинэлээрэй What will the year of the sheep bring? The sheep Gestalt (зурхай) seems to expect a windy Spring and windy early parts … Continue reading

Posted in Constitution, Democracy, Democratic Party, Economics, Elections, Foreign Investment, Governance, Ikh Khural 2016, Inflation, Mongolian People's Party, Oyu Tolgoi, Party Politics, Policy, Politics, Populism, Security Apparatus | Tagged | 2 Comments

Poll Results – Direct and Indirect

PM Saikhanbileg has announced the results of the mega-projects vs austerity SMS poll. This announcement is important because we learn about this particular direct democracy initiative, but also because it included an announcement of proposals to revise the Mining Law … Continue reading

Posted in Democracy, Foreign Investment, Governance, Mining, Mining, Oyu Tolgoi, Policy, Politics, Public Opinion | Tagged | 2 Comments