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Economy

Financial reality forcing Mongolia to accept outsiders like Rio Tinto

ULAN BATOR -- Just over a kilometer south of Genghis Khan's statue in front of Mongolia's government house sits the headquarters of Oyu Tolgoi, the local joint venture of global miner Rio Tinto. 

The gaze of the 13th-century leader of the Mongol horde, said to be on watch against invaders from the south, meets the logo of Oyu Tolgoi, which is developing the biggest foreign investment project in the country's history. But while the old warrior stands guard, the current government's wariness about foreign investors taking away the country's minerals is easing.

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