China is buying mineral resources all over the world, coal, iron ore, crude oil, etc. It's to meet domestic demand. They are no longer self sufficient in coal. They must buy. One of the countries they would like to buy from is Mongolia which is rich with coal and it's close by. But there is a problem, no railway to China and poor roads. But the Mongolian's are leery of China. So the railroad they are building to export their coal is going to Russia not China.
Read more about it in a recent Washington Post article. "China, rich with coal, seeks more next door in Mongolia to meet its energy needs" By Andrew Higgins, Published: July 16, 2011.
Direct link:http://www.washingtonpost.com/world/asi ... story.html
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