Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

Futures @ USD200...strong mining growth expected for Mongolia.......coal exports up 1.4 points on year.....but

......no rail.

"In the summer of 2014, a Mongolian television network aired a 30-minute talk show that sparked an outcry leading to the shutdown of a $483 million railroad deal with China. In his appearance on his self-produced TV show, member of the then-opposition Democratic Party and judo hero, Khaltmaagiin Battulga claimed"


"Within a week, public pressure on politicians had halted the project. The move annoyed Chinese investor Shenhua Mining Corp., which was interested primarily in building a standard gauge rail, but it proved disastrous for Mongolia. After parliament formally blocked the deal, planners were forced to switch the standard, Chinese-fitting gauge out for the Russian gauge. This necessitated a costly change-of-gauge station at the Chinese border, and to the dismay of the international business community, increased the price of coal being transported from Tavan Tolgoi to China from $14 per ton to $17 per ton. There is no evidence that Chinese investors of the railway had any intention of using it for militaristic purposes. More troubling, in the midst of the dispute, commodity prices continued to plummet and with it, so did Chinese foreign direct investment in Mongolia."

https://www.cogitasia.com/how-sinophobia-blocked-a-485-million-rail-project-in-mongolia/

That was MMC's rail........JUDO boy