THE ECONOMIC IMPACT OF ONE MINE ON A COUNTRY: “The mine will help turn Mongolia into the world’s fastest-growing economy with staggering economic growth of over 30%, up from an already robust 17% last year. Oyu Tolgoi is forecast to contribute close to third of the country’s GDP when it goes into full operation. If you go beyond these rather dry statistics (and NYT doesn’t) you get a better idea of the impact of Oyu Tolgoi on the country of fewer than 3 million inhabitants. The mine will increase the average earnings of Mongolians by 60% – today the country ranks 130th in the world based on GDP per capita at $3,000 and 22% of the population live below the poverty line.”