Search results for: Nationalism
Brian Sturgess, World Economics, September 2012
The recent decision by Chalco, the aluminium company of China, to drop its US$926 billion takeover of a controlling interest mining company SouthGobi Resources has been a response to a wave of resource nationalism building up in Mongolia. This threatens to harm the future inflow of investment into a country which is heavily reliant on foreign direct investment (FDI) for its growth and prosperity. The announcement of a mining review by the government and an increasingly uncertain regulatory environment within that country has also caused fears about other planned large projects including Oyu Tolgoi, potentially containing one of the world’s largest copper and gold deposits.
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