Mongolia Bonds, Mining Stocks Rise on Rio Tinto Deal Optimism
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Mongolian dollar bonds rallied this month, pushing the five-year yield to a 22-month low, and stocks of resource companies with operations in the nation rose after the government signaled it is looking to clear stalled mining deals.
Prime Minister Saikhanbileg Chimed, in a nationally televised address on April 5, outlined his plans to revive the economy, including the resolution of a dispute with Rio Tinto Group on the $6.6 billion Oyu Tolgoi copper mine.