"Is it a blessing or is it a curse that we are endowed with minerals in Mongolia?", rightly questioned by President of Mongolia, Elbegdorj Tsakhia, over the offerings made by the Mongolian Government in response to the record mining growth observed in the country so far.

Even the International Monetary Fund had openly declared that Mongolia could grow by 23% in 2013, beating its existing growth mark of 10%, though potential hike in inflation had not been ruled out.

With Mongolians sitting on the rich source of minerals, many rich nations across the world have flocked to it turf and fore mostly, China. Even a protest was reported to have occurred across the border in China, over spiraling clutches of mining growth to be served to Chinese industrial machine.

Moreover, Government had offered 538 shares to every single Mongolian in a coal company, which has supposed to have launched one of the hotly anticipated initial public offerings in this year.

Furthermore, to lure Mongolians, Government showcased another scheme to offer one-time $55 cash payment, followed by a $15 monthly stipend to push consumer spending, which has been spurned by 4.2% in April from a year earlier.

Even though Mongolians are sympathetic with Chinese living beyond the boundary, Mongolians have waned that they would make every loud appeal to be heard by the political clan, during next June's parliamentary election.