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Mongolia needs better roads, schools and hospitals: so why all this talk about saving for the future?

Gregory Smith's picture
Also available in: Mongolian

Mongolia’s mining revenues are set to soar in the coming years, but here people talk about the need to save for the future.

Surely building infrastructure, educating young Mongolians, improving healthcare and creating jobs is important? Surely by achieving these development goals Mongolia is providing for the next generation? These are great questions. Mongolia must do these things. But they in turn depend on efforts to prevent boom and bust and provide financial assets for future generations. Saving some of the revenues in good times is part of effective natural resource management.

The search for King Solomon's gold continues in his namesake Islands

Alison Ofotalau's picture
The Goldridge Mine pit in Solomon Islands

History records that the first European to come to Solomon Islands, Alvaro De Mendana, in 1568 gave the archipelago its name because he believed this area of the South Pacific was where King Solomon got the gold he used to build the Temple of Jerusalem. The Spaniards did search for gold during their exploration of the islands, but somewhat fruitlessly such that they left and never returned.

Short video clip on the impact of a nickel mine in Tanjung Buli, Indonesia

Tony Whitten's picture

On the trip back to the base of PT Weda Bay Nickel after our two days in the Aketajawe-Lolobata National Park, we flew over the operating nickel mine at Tanjung Buli owned by publicly listed PT Aneka Tambang, but which has been operated since the opening in 2001 by a subcontractor.