Jul 28, 2011 11:32 AM

Geopolitics at a Mongolian Mine

By intern reporter Pu Jun

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A coalition led by China's largest coal company Shenhua Group was granted a leading 40 percent share of a massive Mongolian mining project in July, leaving a Russian-Mongolian concern with 36 percent and U.S.-based Peabody Energy with 24 percent.

Why did the Mongolian government agree to a three-way, international division of spoils for the western Tsankhi block of the Tavan Tolgoi coking coal project?

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