Resource-rich Mongolia ousts prime minister amid economic downturn

November 5, 2014 11:38 AM

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Resource-rich Mongolia ousts prime minister amid economic downturn

Mongolia's parliament voted on Wednesday to remove Prime Minister Norov Altankhuyag amid concerns about a serious economic downturn as gold, copper and coal prices and foreign direct investment slump.

Out of 66 members of parliament who voted, 34 were in favour of ousting Altankhuyag, Mongolian television showed. Ten members of parliament, including eight members of his own coalition government, did not show up.

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