Speaking of herders leaving their traditional lifestyles behind to enter mining...
Going off to work in the mines in Mongolia isn't quite like heading out to WA or Olympic Dam to work on an Australian mine*. Many of these former herders end up working as 'ninja miners'.
Ninja miners are so called because when they carry the bowls they use for panning gold on their back, they look like teenage mutant ninja turtles! Ninja mining is tough and dangerous work and many ninjas are killed or disabled in mining accidents.
The video below is a 2007 documentary on ninja mining and the state of the Mongolian economy. With the world economy currently held hostage, things can only be worse now.
Sunday, April 26, 2009
Monday, April 20, 2009
Rogue bankers taking first steppes in claiming Mongolia?
It seems that our worst fears are coming true and the rogue bankers are already executing their evil plans to transform Mongolia into a Utopian Banking Society. With the economic crisis driving cashmere demand and prices down, many herders in Mongolia have no choice but to default on their loans. As a result, most will be forced to move into mining - conveniently leaving vast tracts of land even less populated...
The Wall Street Journal reports;
The Wall Street Journal reports;
Subscribe to:
Posts (Atom)