Mongolia Has a Business Plan: It’s Called Singapore
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One of the men tasked with making Mongolia attractive to investors again reckons he’ll need about six years to do the job and is looking at Singapore as a model.
Byambasaikhan Bayanjargal said he has a “mountain to climb” in cleaning house at Erdenes Mongol LLC., the umbrella company he now heads that holds the government’s stakes in businesses that control Mongolia’s deposits of copper, coal, gold and other minerals.