Elbegdorj at Bloomberg

This post has received a buzzload of comments on its reposting on Mongolia Web News.

So it might be true. The president is presured by the foreign investors to get the deal in this session of parliament. But Elbegdorj only just comes in and wants to put his mark on the deal. “An equity share is not a good proposal,” he said in the interview. Indicating he want to change some basic rules of the game.  This leaves him between a rock and a hard place. So hee came in right in time to be able to be part of the deal, but it seems the choice is a deal he doesnt like or no deal at all. But it seems he doesnt want neither: He is asking the investors to hang on and give him time to get the deal he wants.

So if indeed the hard deadline is for July 10, what will happen if there is no deal struck? Will Ivanhoe Mines (IVN) leave? Will Rio Tinto back off? The future is unsure, but it looks like we will know a lot more when the horses start racing and the wrestlers are slapping their thighs on Mongolia’s natioanl Naadam holiday on July 11th.

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The Shoe Thrower?

Do you remember the Iraqi journalist Muntadhar al-Zaidi throwing a shoe at George W. Bush? The story and images were spread all over the media and internet. Brilliant entertainment. Though probably frowned upon by some, it must have been an inspiration to quite a few in the world as well.

Well, no we fast worward to Mongolia 2009. There is just a new President elected. Elbegdorj. And he is happy, celebrating his win with a crowd on Sukhbaatar square. You would expect people might throw their hat in the air. But then suddenly a guy in the crowd throws a shoe at Elbegdorj. He is captured by the police and later explains (from Mongolia Web News):

I was drunk and at one point I had to throw my shoes. I did not have any intentions. Just wanted to throw. When President George W.Bush visited Iraq, he was thrown a shoe as well.

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