More foreign diplomacy is key to fewer Mongolian headaches

26th May 2006, 09:24 GMT

There is a lesson to be learned from the way Mongolia's surprise windfall tax on gold and copper production knocked foreign-owned mining companies -- most of them Canadian -- back on their heels. The moral of this sorry tale is that miners are not diplomats, and they shouldn't be expected to do that job. (INSIDER Edition subscribers only)