I recently read a fascinating [to me] article in Bloomberg Markets magazine regarding mining in Mongolia. To sum it up in simplest terms, a very large multi-national corporation has a very large copper mining project going on there. (And some other smaller companies too.) The company, Rio Tinto, stands to make a great deal of money over many years off this project. It is one of the largest known copper deposits, if I recall correctly.
In an interesting case of corporate responsibility and working with the government and the people of the country, Rio Tinto not only paying the country for permission to be there, plus paying taxes, and employing many local nationals, they are going a few steps beyond that. For instance, Rio Tinto paid taxes in advance.
Did you know Mongolia is a democracy? It's true. It is. And that's what makes the next part more interesting.
