Mongolia is a very large, landlocked country, with a small population, located between Russia and China. In the last two decades, as a newly democratic nation, it has begun reforms to move from a centrally planned economy towards one with market characteristics. At the same time, geological surveys have shown it to hold vast reserves of coal, copper, gold, silver, uranium, molybdenum, iron, tin, nickel, zinc, tungsten, phosphates, fluorspar and some oil.
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