Entering text into the input field will update the search result below

Mongolia on Bloomberg

Oct. 26, 2011 4:01 PM ETTRQ, RIO
John Polomny profile picture
John Polomny's Blog
556 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Peter Morrow, deputy chairman of Newcom Group, speaks about the outlook for Mongolia's economic growth and investment opportunities in the country.

Here is the link.

One fact that sticks out is Rio Tinto and Ivanhoe are spending seven million dollars each day building Oyu Tolgoi. That money is circulating into the economy and raising wages across the board as even day laborers wages are up 100% in a year.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You