Friday, April 30, 2010

Hunnu Coal, Seeking Funds, Studies Hong Kong Listing Next Year

April 29, 2010, 3:22 AM EDT
By Rebecca Keenan
April 29 (Bloomberg) -- Hunnu Coal Ltd., an Australian company developing coal mines in Mongolia, is studying the sale of shares in Hong Kong next year to fund new operations.

Internet and e-commerce industry in Mongolia

Today we are to consider the Internet and e-commerce infrastructure of a landlocked country located in East and Central Asia, Mongolia. The country, that has its capital in Ulaanbaatar, borders Russia to the north and the People's Republic of China to the south, east and west, although Mongolia does not share a border with Kazakhstan. Mongolia represents the 19th largest and the most sparsely populated independent country in the world, with a population of slightly over 3 million people. Mongolia's economy is focused on agriculture and mining. Mongolia has rich mineral resources, and copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production.

Thursday, April 29, 2010

China calls for improved economic ties with Mongolia

Posted: 29 April 2010 0235 hrs 

BEIJING: China's Premier Wen Jiabao on Wednesday called for greater economic and trade cooperation with Mongolia, during talks with the landlocked Asian nation's president, state press said.

Wednesday, April 28, 2010

Mongolia says no more mining permits until newlaw

* Halts issuance and transfer ofmineral licenses
* President calls for new law on mineral licenses

Tuesday, April 27, 2010

Mongolia Approves Meritus Acquisition of Gold Property from Troy Resources

          Meritus Minerals Ltd MER
4/26/2010 11:15:07 AM 
Apr 26, 2010 ( via COMTEX News Network) -- (via
Mr Terry Bates reports,
Vancouver, British Columbia: Meritus Minerals Ltd (Meritus),(TSX-V.MER) is pleased to announce that the Mongolian Government has approved the acquisition of Troy Resources Ltd's. (Troy),(TSX- TRY) subsidiary in Mongolia by Meritus as stated on 20/1/2010.

Monday, April 26, 2010

NDIC head interview

Ch. Khashchuluun: It’s possible that oligarchs will compete for Tavan Tolgoi
The government is working to complete Tavan Tolgoi project for the introduction to the Parliament. Also, the government head much earlier expressed his views on the ownership of how to exploit the deposit. Meetings on how foreign companies can participate in this project have been organized one after another and the government decision is being waited. Ch. Khashchuluun, the head of National Development and Innovation Committee has been invited for the interview regarding how national companies can participate in Tavan Tolgoi project and in what requirement they will be selected.

Mongolia, South Korea to build waste recycle plant in Ulan Bator

ULAN BATOR, Apr. 24, 2010 (Xinhua News Agency) -- Mongolia and the Republic of Korea on Saturday signed a cooperation agreement to build a waste recycling plant in the Mongolian capital city.

Friday, April 23, 2010

Mongolian FM meets North Korean top leaders

PYONGYANG, April 22 (Xinhua) -- Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the Democratic People's Republic of Korea (DPRK), met with Gombojab Zandanshatar, minister of Foreign Affairs and Trade of Mongolia, here on Thursday to discuss relations between their two countries.

Thursday, April 22, 2010

Khan Files Formal Claim in Mongolian Administrative Court, Requests Prime Minister's Assistance and Provides Update on the CNNC Offer

TORONTO, ONTARIO--(Marketwire - April 21, 2010) - Khan Resources Inc. (TSX:KRI) ("Khan") announced today that its 58%-owned Mongolian joint venture subsidiary, Central Asian Uranium Company, LLC ("CAUC") has filed a formal claim in the Capital City Administrative Court in Mongolia challenging the legal basis for the notice received from the Mongolian Nuclear Energy Agency (the "NEA") purporting to invalidate CAUC's mining license 237A. The claim asserts, among other things, that the NEA has no legal authority to make a decision to invalidate the mining license and that the NEA's purported decision to do so violates the provisions of Mongolian law. CAUC is seeking a declaration of the Court that the NEA's purported action to invalidate the mining license is itself invalid. Khan's 100%-owned Mongolian subsidiary, Khan Resources LLC ("Khan Mongolia") is in the process of preparing and intends to file a similar claim on substantially the same basis in due course in respect of the NEA's purported invalidation of Khan Mongolia's exploration license 9282X.

Wednesday, April 21, 2010


The Italian company Loro Piana, known for some of the world's finest luxury cashmere, has opened a subsidiary in Ulaanbaatar both to establish long-term relationship with nomadic herdsmen and to monitor quality control.

Tuesday, April 20, 2010

Strike of the Dzud: How Conservation Can Help Mongolia’s Herders

 Written by Evan Girvetz
Published on April 19th, 2010
Mongolia is currently in the midst of a major natural disaster that we’ve heard little about in the news, but that has already resulted in the death of 4.5 million livestock animals, 10% of the country’s livestock population.

Monday, April 19, 2010

PE firm rethinks Laos/Cambodia fund

By Elaine Moore
Published: April 18 2010 17:42 | Last updated: April 18 2010 17:42
The fortunes of south-east Asian nations are becoming increasingly entwined with that of China, their powerful neighbour.

Friday, April 16, 2010

Gulfside acquires additional Onjuul licenses

VANCOUVER, April 15 /PRNewswire-FirstCall/ - Robert L. Card, President of Gulfside Minerals Ltd., ("Gulfside" or the "Company") (TSXV:GMG) is pleased to report that the Company has signed the final Earn-in Agreements ("EIA") with two private Mongolian companies to acquire 100% interest in two Mining Exploration Licenses which are located to the north and north east of its Black Hole and Onjuul projects and approximately 170 km south west of Ulaanbaatar in Mongolia.

Thursday, April 15, 2010

Khan Resources says it's targeted by Russians

By Peter Koven, Financial PostApril 14, 2010
Canadian junior miner Khan Resources Inc. is caught in a geopolitical mess involving Russia, China and Mongolia. And even as the situation worsens, the company maintains that a planned Chinese takeover is still in the cards.

Wednesday, April 14, 2010

Chinese premier vows closer ties with Mongolia

BEIJING, April 13 (Xinhua) -- Chinese Premier Wen Jiabao met with his Mongolian counterpart Sukhbaataryn Batbold here Tuesday, pledging to boost trade cooperation and overall relations.

Tuesday, April 13, 2010

Mongolia Gets ADB Support for Herder Families Battling Natural Disaster

MANILA, PHILIPPINES - Isolated nomadic herder families in Mongolia who are struggling to survive amidst an unfolding natural disaster are to receive support from the Asian Development Bank's (ADB) Asia Pacific Disaster Response Fund.

Monday, April 12, 2010

Mining hordes invade Mongolia, the 'Kuwait of Central Asia'

If there was a competition to find the ugliest city on Earth, then the Mongolian capital of Ulan Bator would be the leading contender for the title. The combination of grim, Soviet-style concrete high-rises, rambling slum-shanties and towering coal-fired power plants belching out smoke over the city reeks of the depression and decay that was a legacy of decades of communist rule.

Friday, April 9, 2010

CRU/CESCO-UPDATE 1-Ivanhoe eyes growth potential at Oyu Tolgoi

* Sees vast potential to expand existing resource base
* Plans to more than double worth of in-situ resources

Thursday, April 8, 2010

Mongolian president meets Portuguese FM on bilateral ties

08:12, April 08, 2010

Mongolian President Elbegdorj Tsakhia met with Portuguese Foreign Minister Luis Filipe Marques Amado on Wednesday and they discussed bilateral relations.

Wednesday, April 7, 2010

CNNC Overseas Uranium Holding Ltd. Extends Its Offer for Khan Resources Inc. Bid now scheduled to expire at 5:00 p.m. (Toronto time) on May 25, 2010

TORONTO, ONTARIO -- (Marketwire) -- 04/06/10 -- CNNC Overseas Uranium Holding Ltd. ("Offeror") and Khan Resources Inc. ("Khan") (TSX: KRI) jointly announced today that the Offeror has extended its offer to acquire all of the outstanding common shares of Khan at C$0.96 in cash per share (the "Offer"). The notice of extension being sent to Khan shareholders amends the Offer dated February 25, 2010 to extend the expiry date from 5:00 p.m. (Toronto time) on April 6, 2010 to 5:00 p.m. (Toronto time) on May 25, 2010.

Monday, April 5, 2010

Mongolia Joins ISAF In Afghanistan

2010-04-03 02:40pm 
Mongolia has become the latest nation to contribute troops to the NATO-led mission in Afghanistan.

Friday, April 2, 2010

Red Hill Energy to Commence Drilling Program at 819.7 Million Tonne Chandgana Khavtgai Coal Project, Mongolia

Red Hill Energy Inc. ("Red Hill") (TSX VENTURE: RH) and Prophecy Resource Corp. ("Prophecy")(TSX VENTURE: PCY)(OTCBB: PCYRF)(FRANKFURT: 3P1) announced today that it has awarded a contract to commence a ten drill hole, 2,200 metre resource expansion drilling program in early May, 2010 at its Chandgana Khavtgai Coal Project located in the Nyalga Coal Basin central eastern Mongolia.
This is the largest exploration program performed to date by Red Hill with the full support of Prophecy Resource Corp, Red Hill's proposed merger partner (please see joint Prophecy and Red Hill March 4, 2010 news).