Mongolia can learn from Australia's mining experience, says foreign minister

Australia's Foreign Minister says he holds legitimate concerns about investor guidelines in Mongolia's mining sector.

The country is in the early stages of what is expected to be a long mining boom, fuelled largely by Chinese demand and Australian investment .

Foreign Minister Bob Carr has spent several days in the capital Ulaan Batar, meeting with political and business leaders.

He says the Australian company with the biggest stake there - Rio Tinto - is worried about the possibility of the Mongolian Government trying to renegotiate the terms of its investment.

From Mongolia, Senator Carr told Canberra Correspondent, Stephanie March, the Asian nation can learn from Australia's experiences in the mining sector.

Correspondent: Stephanie March

Speaker: Bob Carr, Australia's Foreign Minister


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