Mongolia Today The Sandwich Nation Size: Twice the size of Texas - 19th largest country Human Population: 2.7 million Domesticated Animal Population: 44 million goats, sheep, cattle, horses, camels, and yaks Capitol city: Ulan Batar / Ulaan Bataar / Ullan Baatar / Ulanbator Governance: Parlimentary Republic since 1991 People elect Parliament and the President Parliament selects a Prime Minister from amongst themselves Economy • Economy - US $6 Billion • Per capita GDP (2010 est.) US$2200 • Industry accounts for 21.4% of GDP • Agriculture accounts for 20.4% • Mining will continue to be an increasingly large factor as the vast untapped natural resources move in to production Economy Import Trade Partners Export Trade Partners • Russia 33.2% • China 84.8% • China 30.4% • Canada 3.6% • Japan 6% • Russia 2.7% • South Korea 5.5% Economy • 3rd QTR 2011 the economy grew 21% • February 2011 Citigroup analysts put Mongolia on the list of Global Growth Generators for 2010 – 2050 • IMF expects growth to average 14% 2012 – 2016 • So many resources, so few people, is Mongolia the next Qatar or Brunei Religion • In the population over 15 • Tibetan Budhism 53% • Islam 3.0% • Shamanism 2.9% • Christianity 2.1% • Other 0.4% • Atheism 38.6% Demographics Ethnic Mongolians 95% Khalkha 86% Oirats, Buryats and others 14% Turkic peoples 4.5% Kazakhs, Tuvans, and Chantuu (Uzbek) Remaining .5% are Russians, Chinese, Koreans and American Ger THE ALTAI MOUNTAINS OF THE WEST LAKE HOVSGOL, MONGOLIA’S “BLUE PEARL” THE EASTERN STEPPES Kolchin Gol THE GOBI INFRASTUCTURE NATURAL RESOURCES Infomine.com puts Mongolia in the top 10 of countries with natural resources Copper Coal Gold Flourspar Molybdenum Oil Tin Tungsten Cashmere • During the soveit ers the mines were built and run by the soviets for their benefit • After transition the Mongolians were taken advantage of by outside interests • Many of their mines return little to Mongolia • The good news – they have gotten smarter Two New Mines Offer Good News • Oyu Tolgai aka OT – Huge copper and gold resource – 34% owned by Mongolia – Will start delivering in 2013 • Tovon Tolgai aka TT – Huge coal resource – 100% owned by Mongolian people – Will start delivering in 2014 Logistics of Mine Development • All supplies have to be brought in by road • 18,000 workers have to be housed and fed • Water brought in from an aquifer 30 miles away • Electricity brought in at first from China then from purpose built power plant at Tovan Tolgai • Local people have to be compensated, coaxed and cajoled into believing the mine is for their good and not just the foreigners running it ANY QUESTIONS? .