Thursday, September 18, 2014

Mongolia Brief September 17, 2014 Part II



DP Faction Head Works in Dornogobi
By B. Khuder
Ulaanbaatar, September 17 (MONTSAME) While parliament is still having a break, a head of the Democratic Party’s faction at the State Great Khural D.Erdenebat left Wednesday for Dornogobi aimag.

Mongolia Brief September 17, 2014 Part I



Minister of Labor at Worldskills General Assembly
By B. Amarsaikhan
Ulaanbaatar, September 17 (MONTSAME) Mongolia has become the 69th member of the WolrdSkills General Assembly. 

Mongolia resolves tax dispute with Rio Tinto by reducing tax claim

The Mongolian Government has resolved its tax dispute with Rio Tinto by reducing its tax claims from $130m to $30m, clearing the way for the $4bn expansion of the Oyu Tolgoi copper-gold mine project to resume.

Rio Tinto, Turquoise Hill settle Oyu Tolgoi mine tax dispute with Mongolia

  • Rio Tinto (NYSE:RIO) and its Turquoise Hill (NYSE:TRQ) subsidiary move closer to getting the Oyu Tolgoi copper project back on track, after Mongolia's vice minister of mining confirms a tax dispute has been resolved for a $30M payment, far less than the $130M the government originally said was owed.

Mongolia Holdings, Inc. Recruits Business Council of Mongolia Executive Director, Jim Dwyer, to its Advisory Board

ULAANBAATAR, Mongolia, Sept. 15, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Mongolia Holdings, Inc. (OTCQB: MNHD) is pleased to announce the appointment of long-time Mongolia resident and investment banking expert, Jim Dwyer, to its Advisory Board.

Genie Energy Signs Agreement for Additional Oil Shale Exploration in Mongolia

NEWARK, N.J., Sep 16, 2014 (BUSINESS WIRE) -- Genie Energy Ltd. GNE, -2.99% said today that its subsidiary, Genie Oil Shale Mongolia, LLC (GOSM), has signed a prospecting agreement with the Petroleum Authority of Mongolia (PAM).

First Mongolia-Russia-China trilateral meeting held during SCO Summit

Mongolian President Ts.Elbegdorj attended the 14th summit of the Council of Heads of the Shanghai Cooperation Organization Member States and hosted the first trilateral meeting of the three state heads of Russia, China and Mongolia, in Dushanbe, Tajikistan.

Mongolia: The Next Asian Tiger?

The news of July’s agreement in principle of the Mongolia-Japan Free Trade Agreement (FTA) was merely another addition to Tokyo’s stable of trade agreements in Asia. But for Mongolia, the trade pact with Japan is of far more significance—and not merely because it was with the world’s third largest economy.

Oyu Tologi Receives Decision From Mongolian Tax Authority

VANCOUVER, BC, Sep 15, 2014 (Marketwired via COMTEX) -- Turquoise Hill Resources TRQ, -0.76% TRQ, -0.76% (TRQ) announced that today Oyu Tolgoi has received a written decision from the Mongolian Tax Authority on the pending tax act. Following translation of the ruling, Oyu Tolgoi will review it in detail and evaluate the implications of the decision.

Rio Tinto and Mongolia settle Oyu Tolgoi mine tax dispute

Rio Tinto is a big step closer to getting its Mongolian copper project back on track, after a Mongolian minister confirmed that a tax dispute had been resolved. Mongolia's vice-minister of mining, Oyun Erdenebulgan, confirmed to reporters in Mongolia that the developing nation would settle for a $US30 million payment ($33 million) from Rio; much less than the $US130 million the government originally said was owed.

Architects turn Gateshead into Mongolian yurt camp

Architects turned a small corner of Gateshead into a Mongolian yurt camp as they invited children to learn more about the Far Eastern country’s rich nomadic culture.

U.S. Company Evacuates Staff From Mongolia Before Being Kapla-sized

Fluor FLR 0%, a company based in Irving, Texas USA, has reportedly removed all foreign personnel from Mongolia rapidly at the first hint that the government of Mongolia may have a tax inquiry for the company.

Wednesday, September 17, 2014

Mongolia Brief September 16, 2014 Part III



Ambassador of Cuba to Mongolia, Omar Laura Marrero Accredited
September 16 (infomongolia.com) On September 16, 2014, the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to Mongolia, Mr. Omar Laura Marrero presented a Letter of Credence to the President of Mongolia Ts.Elbegdorj.

Mongolia Brief September 16, 2014 Part II



Hakuho Cup held for its fifth year
September 16 (news.mn) The State Sumo Championships Hakuho Cup, named after the 69th Grand Champion of Japanese professional sumo wrestling, Hakuho M.Davaajargal, will be held for the fifth year.

Mongolia Brief September 16, 2014 Part I



Standing Committee Head Receives Myanmar Delegation
By B. Khuder
Ulaanbaatar, September 16 (MONTSAME) A head of the parliamentary Standing committee on justice D.Ganbat Monday met a delegation headed by Mr U Win Mra, a chairman of the Myanmar National Human Rights Commission (MNHRC).

Mongolia Brief September 15, 2014 Part III



Sergey Bubka Visits Mongolia Next Week
September 15 (infomongolia.com) Upon the invitation of Mongolian Athletics Federation, Sergey (Serhiy) Nazarovich Bubka, a Ukrainian former pole vaulter, who held the world record of 6.15 meters  for almost 21 years until February 2014, is arriving in Mongolia on September 22, 2014.

Mongolia Brief September 15, 2014 Part II



Statistics on Air and Climate
By B. Amarsaikhan
Ulaanbaatar, September 15 (MONTSAME) The highest precipitation of 89.8 mm was recorded in Tsetserleg soum of Khovsgol aimag this August, according to the Institute of Meteorology and Hydrology. 

Mongolia Brief September 15, 2014 Part I



Mongolia’s Current Status of Observer at Shanghai Cooperation Organization Enough for Now, Says President
Ts.Elbegdorj
September 15 (infomongolia.com) On September 11, 2014, the Heads of State of Mongolia, the Russian Federation and the People’s Republic of China for the first time sat behind a roundtable trilateral meeting upon the initiation of Mongolia’s President Ts.Elbegdorj right before the 14th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization took place in Dushanbe, the Republic of Tajikistan.

Mongolia Brief September 12, 2014 Part V



‘Street’ project replaces congested traffic circle with 4-way intersection
By M. Zoljargal
September 14 (UB Post) New intersection doubles number of drivers passing per hour

Mongolia Brief September 12, 2014 Part IV



Mongolian delegation to visit Russia
By N. Khaliun
Ulaanbaatar, September 12 (MONTSAME) At invitation of the Chairman of the Constitutional Court of Russian Federation V.Zorkin, a delegation led by Mr.J.Amarsanaa, the Head of the Constitutional Court of Mongolia, will pay an official visit to Moscow September 15-20.

Mongolia Brief September 12, 2014 Part III



Reps of DPRK Central News Agency Visit
By B. Amarsaikhan
Ulaanbaatar, September 12 (MONTSAME) The head of President’s Office Mr P.Tsagaan received Friday the representatives of the N.Korean Central News Agency (KCNA) of Democratic People’s Republic of Korea, led by Mr Kim Chang Gwang, the director of the agency.

Saturday, September 13, 2014

Mongolia Brief September 12, 2014 Part III



Reps of DPRK Central News Agency Visit
By B. Amarsaikhan
Ulaanbaatar, September 12 (MONTSAME) The head of President’s Office Mr P.Tsagaan received Friday the representatives of the N.Korean Central News Agency (KCNA) of Democratic People’s Republic of Korea, led by Mr Kim Chang Gwang, the director of the agency.

Mongolia Brief September 12, 2014 Part II



O.Burmaa wins bronze at 2014 Wrestling World Championships
The 2014 Wrestling World Championships-Women's Freestyle continues in Tashkent, Uzbekistan.
On Thursday, winners in the women's freestyle 53 kg, 58 kg and 75 kg events were named.

Mongolia Brief September 12, 2014 Part I



President Ts.Elbegdorj Arrives in Dushanbe
By B. Khuder
Ulaanbaatar, September 12 (MONTSAME) The President of Mongolia Ts.Elbegdorj Thursday arrived in Dushanbe to participate in the 14th Summit of the Council of Heads of the Shanghai Cooperation Organization (SCO) Member States continuing in the capital city of Tajikistan.

Mongolia Brief September 11, 2014 Part V



Peace Run participants head to Zamiin-Uud

By B. Tungalag
September 11 (UB Post) Mongolian athletes, participating in the worldwide run for peace, headed to Zamiin-Uud from Ulaanbaatar on September 10.

Mongolia Brief September 11, 2014 Part IV



Increase to electricity rates cancelled

By B. Mendbayar
September 11 (UB Post) The Authority for Fair Competition and Consumer Protection Mongolia (AFCCP) and Financial Regulatory Commission have stopped the Energy Regulatory Commission’s (ERC) move to raise residential and commercial electricity fees following the discovery of industry violations and lack of AFCCP approval for the price increase.

Mongolia Brief September 11, 2014 Part III



Chairman of Rio Tinto Group seeks negotiations over Oyu Tolgoi issues

September 11 (news.mn) Chairman and Chairman of the Nominations Committee of Rio Tinto Group, Jan du Plessis, plans to come to Mongolia later this September.

Mongolia Brief September 11, 2014 Part II



King Epics Palace Opens

By B. Amarsaikhan
Ulaanbaatar, September 11 (MONTSAME) The opening ceremony of the “King Epics Palace” epics’ hall ran Thursday in Bogdkhaan’s palace museum, co-organized by Department of Cultural Heritage in the Ministry of Culture Sports and Tourism, The Cultural Heritage Center and Bogdkhaan’s Palace Museum.

Mongolia Brief September 11, 2014 Part I



President to Attend SCO Summit
By B. Amarsaikhan
Ulaanbaatar, September 11 (MONTSAME) The President of Mongolia Ts.Elbegdorj left Ulaanbaatar Thursday to attend the 14th summit of Shanghai Cooperation Organization (SCO) which is to be held in Dushanbe of Tajikistan on September 11-12.

Mongolia Brief September 10, 2014 Part III



Peaceful Demonstration Held at Chingis Square
By B. Amarsaikhan
Ulaanbaatar, September 10 (MONTSAME) A civil movement named “Let’s unite our wills” organized a peaceful demonstration at Chingis Square Wednesday.