Wednesday, August 31, 2011

Ts. Shinebayar creates new party

Ts. Shinebayar, a Member of Parliament and former deputy in the MPRP, has announced that he has established a new party called the Khamug Mongol Labor Party.

Report: Mining has damaged nearly 4,000 hectares

The Mineral Resources Authority has released a report on mining’s environmental impact and the results are worse than expected.

VICE MINISTER GIVES INTERVIEW TO CHINESE MAGANIZE

Ulaanbaatar, Mongolia /MONTSAME/ Ch.Jargalsaikhan, the Vice Minister of Tourism and Environment has held a meeting with a crew of reporters of the “DEEP” leading tourism magazine of China to give an interview on the present situation and the development trends of the tourism industry in Mongolia.

British judge to visit Mongolia

There are reports that a British judge will visit Mongolia in connection with the case of B. Khurts, the Chief of Administration at the National Security Council who has been charged with abduction and dangerous bodily harm in Germany.

Human Development Fund to give each student MNT 500,000

At today’s meeting of the Cabinet it was decided that each university, institute, correspondence, and evening course student in Mongolia will receive a MNT 500,000 grant for tuition fees from the Human Development Fund.

REPRESENTATIVES OF BANGKOK VISITING ULAANBAATAR

Ulaanbaatar, Mongolia /MONTSAME/ Thai representatives led by Suthichai Virakulsantorn, the chairman of the Bangkok city assembly are visiting Ulaanbaatar, at an invitation of T.Bilegt, the chairman of the city's Citizens Representatives Khural.

President will visit USA and Premier to visit Russia

There have been many state and official visits to Mongolia this month. President of India, President of South Korea, Vice President of the U.S have all paid visit to Mongolia followed by the current visit of President of Finland.

Korea Development Bank to run Development Bank of Mongolia

The South Korean Development Bank will manage the Development Bank of Mongolia under the terms of an agreement signed yesterday at the Government House in Ulaanbaatar.

Mongolia's Failed Uranium Mining Policy

(SBU) SUMMARY: On February 1, 2010, Canadian uranium exploration company Khan Resources (KR) announced its intent to accept an offer from the Chinese National Nuclear Corporation (CNNC) to buy controlling interest in KR through the purchase of shares.

Aussie coal prices soften after cut in steel production, higher coal buys by large purchasers from Mongolia

KOLKATA | MUMBAI: A cut in production by steel producers and higher purchases of coking coal by large countries, from Mongolia, has led to a softening of benchmark coal prices from the traditional coal producing country, Australia.

Mongolia Said to Plan Three-City IPO for Tavan Tolgoi Next Year

(Updates with Mongolia’s stock market performance in sixth paragraph.)

Korean Wave Spreads to Banks in Mongolia

Korea's strong economic influence in Mongolia has expanded into the banking sector.

Sumo champ's big business plans

(CNN) -- Dolgorsuren Dagvadorj a big man with big ambitions.

Outotec collaborates with the Mongolian government to develop mining and metallurgical processing of Mongolian mineral resources

OUTOTEC OYJ PRESS RELEASE, AUGUST 31, 2011 AT 9.00 AM

Mongolia’s First Private Equity Fund Plans Debut Investment in October

Mongolia’s first private-equity fund, started by a former Uniqlo executive, plans to make its debut investment by the end of October, betting on growth in the country’s mining industry.

Mongolia Seeks Coking-Coal IPO in Three Cities

HONG KONG—Mongolia aims to list simultaneously in three cities the company that controls one of the world's largest coking-coal deposits, people familiar with the matter said Wednesday.

The mining sector’s two biggest risks: country risk and resource nationalism

Today many governments are looking at ways to get more money from miners as companies report record profits.

Peabody/ArcelorMittal bet on steel growth

(Reuters) - The world's biggest steelmaker and America's largest coal producer could pay top dollar for Australia's Macarthur Coal (MCC.AX), but they are likely to reap a benefit if the surging Asian steel business keeps growing.

Voyager Resources reveals stunning copper intersections in Mongolia

Voyager Resources' (ASX: VOR) drilling program in Mongolia just took on new dimensions - intersections of 84 metres at 3.2% copper and 9.7 g/t silver are just the start.

No nuke waste to be buried in Mongolia

A journalist spoke with M. Batchimeg, the president’s national security adviser, about nuclear waste and other issues.

Kincora Copper Acquires Outstanding 25% of Bronze Fox and Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA, Aug 30, 2011 (MARKETWIRE via COMTEX) -- Kincora Copper Limited CA:KCC +17.39% (the "Company" or "Kincora Copper") - -- Kincora acquires outstanding 25% of Kincora Group Limited in exchange for 20% of Kincora Copper shares.

TPL Corporation to raise up to A$1.42m for Australian, Mongolian coal assets

TPL Corporation (ASX: TPL) will raise up to A$1.42 million through the placement of up to 78.9 million shares at $0.018 per share to identify and acquire underexplored and undervalued coal assets in Mongolia.

China, Mongolia Eye Closer Youth Exchanges

China and Mongolia look forward to closer youth exchanges during the visit of a Mongolian youth delegation.

Panhandle residents enjoying Mongolian products

A little bit of Mongolia was delivered to Chadron this month.

Small caps: Petro Matad’s backward steppe

Petro Matad tumbled 29.9 per cent to 55p after the explorer said testing of a well at its Davsan Tolgoi project in eastern Mongolia had failed due to mechanical problems.

Mongolia Said to Plan Three City IPO

Mongolia plans to seek between $2 billion and $3 billion in an initial public offering of its Erdenes Tavan Tolgoi mining company next year, and may simultaneously list the shares in London, Hong Kong and Ulaanbaatar, three people with knowledge of the matter said.

Tuesday, August 30, 2011

JCI president visits Mongolia

Kentaro Harada, the head of Junior Chamber International (JCI), visited Mongolia on August 27 and 28. JCI is a non-political and non-sectarian youth service organization.

Joint Mongolia-China conference taking place

A joint Mongolia-China conference on intellectual property is taking place in the Government building in Ulaanbaatar.

Gas and Pipeline Forum underway in Ulaanbaatar

The 12th Northeast Asia Gas and Pipeline Forum got underway at Khaan Palace in Ulaanbaatar on Sunday.

Ninja” miners form group to protect their rights

Unlicensed gold miners – known as “ninjas” – have formed an organization to protect their rights. They hope the group will improve their working conditions, as well as their relations with government officials.

GEOLOGICAL SCIENTISTS TO GATHER AT INT'L WORKING MEETING

Ulaanbaatar, Mongolia /MONTSAME/ The ninth international working meeting of the “North-central-eastern Asian solid geology structure or metallogenic” project will be organized by Mineral Resources Authority.

1km of railway will cost $2.5 million

In the scope of the project, new railways from Tavantolgoi to Sainshand (468 km), Sainshand-Khuut (450 km), Khuut-Choibalsan (155 km), Khuut-Numrug (380 km), Tavantolgoi-Gashuunsukhait (267 km), Nariinsukhait- Shiveekhuren (46 km) will be established.

Aussie coal prices soften after cut in steel production, higher coal buys by large purchasers from Mongolia

A cut in production by steel producers and higher purchases of coking coal by large countries, from Mongolia, has led to a softening of benchmark coal prices from the traditional coal producing country, Australia.

Race for resources – VP hails US growing ties on coal resource with Mongolia

AFP reported that US Vice President Mr Joe Biden has hailed the United States’ growing ties with Mongolia on a rare visit by an American leader to the Asian nation, which is opening up its vast coal reserves to foreign investors.

Ivanhoe up 23% in a week as Oyu Tolgoi news just gets better

Shares in Ivanhoe mines closed up just over 5% in Toronto on Monday outperforming the broader market and bringing the counter’s gains to 23.2% over the last week.

Upcoming flights to and from space station face delays

The failure of an unmanned Russian Soyuz booster during launch last week has thrown a wrench into International Space Station operations, with upcoming fights to and from the lab complex facing delays that likely will result in extended operations with a reduced crew of three, a senior NASA manager said today.

Indigenous Siberians: "Toxic" Russian space debris hit homeland

Moscow - Leaders of an indigenous Siberian ethnic group on Tuesday announced plans to sue over a recent failed Russian space shot that, they claim, scattered toxic rocket debris over their tribal homeland.

Mongolia - a laboratory for climate change

Mongolia, the little-known land sandwiched between China to the south and Siberia to the North is what one expert calls, "a laboratory for climate change".

ENVIDITY SUBMITS ITS APPLICATION FOR A UCG AGREEMENT TO THE MONGOLIAN GOVERNMENT

August 29, 2011, Ulaanbaatar – Timely action on the UCG Investment Agreement (fiscal stabilization agreement) between Envidity and the Mongolian government would bring our USD 1 billion Shivee Ovoo Coal Gasification and Gas to Liquids (“UGC/GTL”) project closer to realization.

CNPC and Mongolia sign memo for expanding petroleum co-operation in Ulan Bator

China National Petroleum Corporation, or CNPC, and Mongolia's Deputy Minister for Mineral Resources and Energy Ariunsan have signed a memo for expanding petroleum co-operation in Ulan Bator.

HH the Amir departs to Mongolia on private visit

KUWAIT, Aug 30 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah departed Tuesday to Mongolia on a private visit.

Halonen begins historic visit to Mongolia

President Tarja Halonen begins an official visit to Mongolia on Tuesday, the first-ever visit by a high-level Finnish official to the country.

Voyager Resources reveals stunning copper intersections in Mongolia

Voyager Resources' (ASX: VOR) drilling program in Mongolia just took on new dimensions - intersections of 84 metres at 3.2% copper and 9.7 g/t silver are just the start.

Drilling disappointment for Petro Matad

LONDON (SHARECAST) - Shares in oil explorer Petro Matad took a sharp dive after it reported disappointing testing results from its operations in eastern Mongolia.

Prophecy signs sale agreements for 92,000 tonnes of coal

Prophecy Coal Corp (CVE:PCY) announced Monday it signed several coal sales agreements with both Russian and Mongolian buyers, totaling 92,000 tonnes.

Mongolia's nomad president

President Elbegdorj has walked in the steps of his country's history.

Mongolia's rapid growth masks its vulnerability

Mongolia's vast, sparsely populated, landlocked country offers a bonanza to miners that is fuelling double-digit economic growth, but is also exposing it to internal and external dangers.

Monday, August 29, 2011

New type of dinosaur was discovered in Umnugovi aimag of Mongolia

The Japanese Hayashibara Biochemical Laboratories, Inc. has announced that the dinosaur remains discovered in the territory of Umnugovi aimag in 2002 that were unknown up to date were belonged to the family of Pachycephalosaurus on August 25, 2011.

Abu Dhabi helps Mongolian falcon revival

BAYAN SOUM, MONGOLIA // On the road south to the Gobi desert, Gankhuyag Purev-Ochir cuts a left on to a spider web of dirt roads.

Mongolian Government to increase spending by MNT 92.6 billion

Finance Minister S. Bayartsogt says the Government will revise its current budget.

High Rare-Earth Prices Force Hitachi, Toyota to Find Alternative

Japanese rare-earth buyers are switching to quarterly sales contracts and looking for alternative sources after China curbed shipments, increasing prices for the materials used in hybrid cars and missiles.

'Mine-golia': Across the steppes, new wealth emerges

(CNN) -- On Oyu Tolgoi -- "Turquoise Hill" -- the biggest business venture in Mongolia is taking shape.

CIDA: Minister Oda Visits Mongolia

ULAANBAATAR, MONGOLIA, Aug 28, 2011 (MARKETWIRE via COMTEX) -- The Honourable Beverley J. Oda, Minister of International Cooperation has completed a fact-finding trip to Mongolia today, aimed at building greater cooperation between Canada and Mongolia.

Friday, August 26, 2011

Deepening friendly cooperation with China in interest of Mongolia: president

ULAN BATOR, Aug. 26 (Xinhua) -- As a common wish of the Mongolian government and its people, deepening the friendly cooperation with China is in the best interests of Mongolia, President Tsakhia Elbegdorj says.

B. Khurts extradicted to Germany, charged

The British government has announced that B. Khurts, Chief of Administration at the National Security Council, was extradited to German last Friday.

PREMIER MEETS ZHOU YONGKANG

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, August 24, the Prime Minister S.Batbold received Zhou Yongkang, a member of the Politburo Standing Committee of the Communist Party of China (CPC) and the Secretary of CPC Central Political and Legislative Committee.

CABINET BACKS PROJECT OF NEW RAILWAYS

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting held on Wednesday, August 24 discussed a draft project on new railway, and backed a technical and economic justification for the first and second phases of the railway construction which was reflected in the state policy on railways.

Technology adds realism to Khaan Quest lifesaving training

ULAANBATAR, Mongolia - This scene was experienced by Korean special operations service members with the Republic of Korea’s 21st Battalion, International Peacekeeping Force, during the the combat lifesaver course, the first of seven training phases they participated in during the field-training exercise portion of Exercise Khaan Quest 2011, at Five Hills Training Area near Ulaanbatar, Mongolia, Aug. 3.

Mongolia Recognizes SouthGobi Resources' COO, Curt Church, With Rare and Highest Award

HONG KONG, CHINA, Aug 25, 2011 (MARKETWIRE via COMTEX) -- SouthGobi Resources Ltd. CA:SGQ +0.22% (sehk:1878) announced today that Mongolia has awarded Curt Church, COO, the award of Altan Gadas (Order of the Polar Star) "in recognition of his contribution to developing the mining sector in Mongolia and bilateral cooperation between Mongolia and Canada in the field of mining."

Thursday, August 25, 2011

Mining official says mining ban is bad for Mongolia

The Mongolian Parliament remains divided on a controversial law that prohibits mining operations in certain areas to protect the environment.

Government approves new roads plan

The Government approved a new roads plan at yesterday’s meeting of the Cabinet. Under the plan, more than 6,000 km of roads would be improved or built new.

TRAINED SPECIALISTS TO BE PROVIDED WITH WORKING PLACES

Ulaanbaatar, Mongolia /MONTSAME/ A cooperation contract called "Needs, training and job place" has been established in frames of the Year of Supporting Employment with aims to increase job places, to prepare specialists and to form a stability of cooperation.

CONSULTATIVE MEETING TO BE HELD BETWEEN CONSULAR DEPARTMENTS

Ulaanbaatar, Mongolia /MONTSAME/ The 13th consultative meeting of the Consuls at the Ministries of Foreign Affairs of Mongolia and China will take place on August 29-31 in Ulaanbaatar.

MONGOLIANS AND CZECH TO TRAVEL WITH VISA

Ulaanbaatar, Mongolia /MONTSAME/ According to a note delivered by the Republic of Czech, official passport owners will travel to Czech with visa from September 1.

VISIT OF CPC SENIOR OFFICER STARTS

Ulaanbaatar, Mongolia /MONTSAME/ An official visit of Zhou Yongkang, a member of the Politburo Standing Committee of the Communist Party of China (CPC) and the Secretary of CPC Central Political and Legislative Committee began on Wednesday, August 24 to Mongolia.

WORLD BANK: MONGOLIAN ECONOMY IS EXPERIENCING RAPID GROWTH

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian economy is experiencing rapid growth in 2011: the second quarter saw the economy growing at a whopping 17.3 percent year on year, compared to 9.9 percent in the first quarter.

PUBLIC SERVICE COUNCIL OF MONGOLIA TO COOPERATE WITH CANADA

Ulaanbaatar, Mongolia /MONTSAME/ D.Odbayar, the head of the Parliamentary standing committee on justice has held a meeting with Canadian lawyers and specialists led by Mrs. Maria Barrados, the President of Public Service Commission of Canada to talk about the development of cooperation between public service institutes of the two countries.

British Government confirms B.Khurts is extradited to Germany

The British government has announced that B. Khurts, Chief of Administration at the National Security Council, was extradited to German last Friday.

Tavantolgoi workers will announce strike

Over hundred workers of Tavantolgoi said they will announce strike in Umnugobi province. They called the daily press “Daily News” yesterday about their plan to strike.

Macmahon Holdings Named Preferred Contractor On Tavan Tolgoi

SYDNEY -(Dow Jones)- Australian construction group MacMahon Holdings Ltd. (MAH.AU) has been awarded a preferred contractor status for part of Mongolia's massive Tavan Tolgoi mining project, in a joint venture with Germany'sBBM Operta Group, the company said Thursday.

China executes driver over death that sparked Mongolian protests

Beijing - China has executed a coal-truck driver for causing the death of an ethnic Mongolian herdsman, sparking protests across the Inner Mongolia region, according to a report seen on Thursday.

Mongolian yurts in Bedgebury Pinetum

TWO Mongolian yurts are going up in Bedgebury Pinetum for four weeks from next Friday, thanks to a unique partnership between the Forestry Commission and Green Circle Hideaways.

Macmahon confirms Mongolian contract

ENGINEERING contractor Macmahon Holdings today confirmed it has won a major contract in Mongolia.

Mongolia: enter the yurt

A rare opportunity for investors to invest in Mongolia outside its big natural resources companies comes with a foreign-run conglomerate involved in everything from real estate and cement to financial services and transport.

Steelmakers hunting for coking coal

BEIJING - Chinese steelmakers are scrambling to buy coking coal mines in Mongolia, China's largest supplier of the fuel.

Mongolian PM sees "golden era" for Mongolia-China ties

ULAN BATOR, Aug. 25 (Xinhua) -- Mongolian Prime Minister Sukhbaatar Batbold has said bilateral ties between Mongolia and China are entering a "golden era".

N. Korea reported ready to halt WMD tests

MOSCOW (AP) — North Korea is ready to impose a moratorium on nuclear missile tests if international talks on its nuclear program resume, a spokesman for Russia’s president said Wednesday after talks between the two countries’ leaders at a Siberian military base.

Russian cargo ship lost in rare launch mishap

The upper stage of a Soyuz-U booster carrying an unmanned Russian Progress supply ship malfunctioned and shut down just over five minutes after launch today in Kazakhstan, sending 2.9 tons of space station supplies and equipment crashing back to Earth, NASA officials said.

'Rethink' in Mongolia provides an example of potential pitfalls

Experts warned that Chinese energy companies must conduct better risk assessments and strengthen communication with local governments when they explore overseas markets, after Mongolian President Tsakhia Elbegdorj said the country was rethinking development plans for the Tavan Tolgoi coal mine.

Ivanhoe Mines to Receive US$536 (C$529) Million From Rio Tinto's Exercise of Subscription Right

LONDON, ENGLAND — Ivanhoe Mines' (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) Chief Executive Officer Robert Friedland confirmed today that Rio Tinto has exercised its subscription right to acquire an additional 27,896,570 common shares of Ivanhoe Mines.

Rio Tinto ups stake in Ivanhoe

TORONTO (miningweekly.com) – Rio Tinto said on Wednesday it had paid C$529.5-million to lift its stake in Ivanhoe Mines by 2% to 48.5%.

Inner Mongolia, 21 Protestant leaders arrested

The pastors, members of unofficial churches, had gathered in Wuhai to decide on the summer activities. After the arrest, 6 were released for health reasons.

Equine Diplomacy

It is hard to recall a White House trip that has afforded more access to local color than Vice-President Biden’s Asia tour, which concludes today in Japan.

Wednesday, August 24, 2011

Mongolian Tax Administration introduces online system

The Mongolian Tax Administration has introduced a new online system for delivering tax bills and providing other services.

MNT 3.5 billion MNT spent to fight desertification

A center to fight desertification in Mongolia has opened in Rashaant soum in Bulgan aimag. Mongolia developed its first anti-desertification program in 1996, and updated it in 2003.

Mongolia: Readying for the rush

Massive mineral wealth is transforming the Mongolian economy as a whole, with mining-related foreign direct investment (FDI) driving strong growth and rapid modernisation.

Students to receive scholarships from Taiwan Fund

The Taiwan Fund will award 164 Mongolian students scholarships of MNT 400,000 each for the 2011-12 academic year at a ceremony at Jing Di restaurant in Ulaanbaatar today.

Advisers aim to improve tax collection in Mongolia

A working group that includes senior officials from the International Monetary Fund and the United States government met with officials from the General Taxation Office today.

China’s Security Chief Goes on Tour—How Is Asia Reacting?

Over the past week, as I’ve traveled across Asia, I’ve discovered an unlikely partner in my continental peregrinations: China’s security chief Zhou Yongkang.

MONGOLIAN SPORT TEAM RECEIVES OLYMPIC GAMES INVITATION

Ulaanbaatar, Mongolia /MONTSAME/ The President of the International Olympic Committee (IOC) Mr. Jacques Rogge is paying a visit to Mongolia.

Germany charges Mongolian spy with kidnapping

German prosecutors have charged a Mongolian spy over the kidnapping of a countryman in France who was then transported across Europe and sent back to his homeland.

INTERNATIONAL COMMAND-STAFF EXERCISE RUN HERE

Ulaanbaatar, Mongolia /MONTSAME/ The “MPAT-TE-20” international command-staff exercise is being co-organized by the General Headquarters of the Armed Forces of Mongolia and the U.S. Pacific Command on August 18-26 in Mongolia.

MONGOLIA TO BE GRANTED MNT 640 MILLION AID FROM JAPAN

Ulaanbaatar, Mongolia /MONTSAME/ In the frames of “Grassroot” grant program of Japan, financial assistance amounting USD 519,462 or MNT 640 million will be provided to Mongolia.

Mongolia’s Energy Resources Attract Serious Interest

Ulaan Bator’s situation is akin to interwar Poland, dexterously attempting to reconcile its foreign policy between the USSR’s hammer and Nazi Germany’s hard place.

GTSO Core Drilling Team At Avdrant Mine In The Bayandelger Soum Of Mongolia's Tuv Province

Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that cores drilling and sample collection have been completed by an independent geologist on the 17,000 acres GTSO is seeking to help develop in Mongolia.

U.S. Looks to Export Nuclear Waste; Uranium 'Leasing'

Arriving in Mongolia on Monday for the first visit by a U.S. vice president since 1944, Joe Biden stoked already intense speculations about the U.S. government’s plans to deal with the nation’s massive nuclear waste problem.

Overseas energy deals 'require caution'

'Rethink' in Mongolia provides an example of potential pitfalls

TVN Corporation extends coal seam over 2.4km at Nuurst Project in Mongolia

TVN Corporation (ASX:TVN) has reported a 97.5 metre thick coal sequence from latest drilling at the Nuurst Project in Mongolia.

Official: U.S. in Early Talks About Int'l Nuclear Leasing Arrangements

Department of Energy officials have spent weeks trying to knock down reports that they have been interested in building a nuclear waste repository in Mongolia.

Discover Mongolia 2011 Announces Additional Session And Full Subscription Of Sponsors

“With increasing number of investors interested in Mongolia, we realized that many of our delegates come to learn about Mongolia, politically as well as familiarizing themselves with exploration or early stage projects that has a potential to grow” said Algaa Namgar, the Executive Director of Mongolian National Mining Association and a member of the Organizing Committee.

Lee departs for Uzbekistan after trip to Mongolia

ULAN BATOR, Aug. 23 (Yonhap) -- South Korean President Lee Myung-bak left Mongolia for Uzbekistan on Tuesday for summit talks and a series of economic deals, including a US$4 billion contract to develop a gas field and build a related plant.

GTSO Rare Earth Core Samples Sent for Analysis

SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that cores drilling and sample collection have been completed by an independent geologist on the 17,000 acres GTSO is seeking to help develop in Mongolia.

Ivanhoe shares rally after good news on Mongolian project

Shares of Ivanhoe Mines Ltd. soared 20 per cent Tuesday, far past its base metal peers, a day after the Vancouver-based company said gold and silver would account for about half of revenues at its Oyu Tolgoi project, which is set to begin production at the end of next year.

Joe Biden Takes on Mongolian Wrestlers

U.S. Vice President Joe Biden arrived in Ulaanbaatar Mongolia on Monday to a lavish celebration including performances of traditional music and dance and a Mongol-style wrestling competition.

Guildford Coal Mulls ASX Listing Of Mongolia Coal Unit

SYDNEY -(Dow Jones)- Guildford Coal Ltd. (GUF.AU) said Wednesday it is looking at listing its Mongolian coal assets separately on the Australian Securities Exchange, the latest in a string of miners vying to take advantage of rising investor interest in the landlocked North Asian country's resources.

Tuesday, August 23, 2011

IOC PRESIDENT JACQUES ROGGE TO VISIT

Ulaanbaatar, Mongolia /MONTSAME/ The President of the International Olympic Committee (IOC) Mr. Jacques Rogge will pay a visit to Mongolia on August 23-24, at an invitation of D.Zagdsuren, the President of the Mongolian National Olympic Committee (MNOC).

FIRST LADY OF REPUBLIC OF KOREA DONATES MEDICAL EQUIPMENT

Ulaanbaatar, Mongolia /MONTSAME/ The President of the Republic of Korea Lee Myung-bak's spouse Mrs. Kim Yoon-ok has got au fait with the Maternity and children's national health center to donate some 200 syringe pumps.

Khaan Quest 2011: Enriching Healthcare in Mongolia

Military doctors, nurses and medics from five countries came together to deliver general healthcare, optometry and dental services to a small suburb of Ulaabaatar, Mongolia from Aug 6-9, while participating in Khaan Quest 2011.

Gold, silver may generate up to 50% of Oyu Tolgoi annual revenues–Friedland

Ivanhoe Mines CEO Robert Friedland announced Monday that the massive Oyu Tolgoi copper-gold project would have negative total cash costs of 7-cents per pound of payable copper in the first five years of mining under a scenario of current gold and silver prices.

With current prices, Ivanhoe’s OT mine to produce copper at negative costs

TSX- and NYSE-listed Ivanhoe Mines’ giant Oyu Tolgoi mine in Mongolia will produce copper at negative cash costs at current gold and silver prices, the company said on Monday.

Rio Tinto Sponsors Mongolian Olympic Team For 2012 Games

MELBOURNE -(Dow Jones)- Mining giant Rio Tinto PLC (RIO), which is supplying all the metal that will be used to produce medals for the 2012 Olympics, said Tuesday it has signed a deal to sponsor the Mongolian national team at the London games.

President Halonen to visit Mongolia

President of the Republic Tarja Halonen and Dr Pentti Arajärvi will make an official visit to Mongolia on 30 August - 1 September 2011.

Japanese and Mongolian judo favourites shine

World number one Khashbaatar Tsagaanbaatar of Mongolia and Japanese world champion Junpei Morishita remained on course for a dream final in the under-66kg category at the World Judo Championships here on Tuesday.

Xanadu Mines to drill highly prospective Solenker epithermal gold and silver project in Mongolia

Xanadu Mines (ASX: XAM) has commenced a much anticipated drill program at the highly prospective Solenker Epithermal gold and silver project in southern Mongolia, which contains high grade drill targets.

BLIA MINE : 23 Aug 2011 Mongolian Exploration Programme to Commence

ASX ANNOUNCEMENT

23 August 2011 MONGOLIAN EXPLORATION PROGRAMME TO COMMENCE

AFL-CIO envisions forming ‘super labor PAC’

WASHINGTON - The AFL-CIO hopes to boost its clout by launching a political action committee that could raise unlimited amounts of money, part of the federation’s goal of building a year-round political organizing structure.

Allens welcomed as member of Business Council of Mongolia

Allens Arthur Robinson (Allens) has been formally welcomed as a member of the Business Council of Mongolia at a ceremony held last night in the Mongolian capital of Ulaanbaatar.

Posco to reportedly build Mongolian plant

SEOUL (MarketWatch) -- South Korean steel maker POSCO will build a coal-gasification plant in Mongolia next year in a 50-50 joint venture with a Mongolian company, the Seoul Economic Daily reported Tuesday, without citing sources.

Pres. Lee Holds Summit with Mongolian Leader

President Lee Myung-bak, who arrived in resource-rich Mongolia Sunday, on the first leg of his three-nation Central Asia tour, began his second day there by holding a bilateral summit with President Tsakhia Elbegdorj.

Biden is feted in Mongolia

ULAN BATOR, Mongolia - Vice President Biden tried his hand at archery, watched a wrestling match, and named a horse during a brief visit Monday in Mongolia, which he called a shining example of democratic development.

The Role of the Development Bank of Mongolia

Ulaanbaatar, Aug 23, 2011 (ABN Newswire) - At the Mongolia Capital Raising Conference, Mr. Shagdarsuren, Secretary General of Mongolian Bankers Association, acted as moderator of the panel about the role of the newly established Development Bank of Mongolia (DBM).

Lucky Strike Strengthens Technical and Management Team

VANCOUVER, BRITISH COLUMBIA, Aug 22, 2011 (MARKETWIRE via COMTEX) -- Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (tsx venture:LKY) is pleased to announce the strengthening of its technical and management team to form a well-rounded group of professionals as part of the solid foundation to capitalize on current and future mining project opportunities.

Petro Matad reports latest well success in Mongolia

Mongolian oil explorer Petro Matad (LON:MATD) today unveiled results from another successful well in Block XX.

Joe Biden in China: wrestling moves

We all held our breath as the gaffe-prone Vice President Biden visited China. Would he drop the f-bomb?

Monday, August 22, 2011

Mongolian defense officials tour Russian weapons factories

Three high-ranking Mongolian defense officials toured weapons factories in Russia on August 16. Defense Minister L. Bold and two members of the Standing Committee on Security and Foreign Policy, R. Amarjargal and E. Munkh-Ochir, visited a weapons and military aviation factory in Ijevsk and a bullet factory in Klimovsk.

Home prices rise 15 to 30 percent

Mongolia’s booming housing sector was the subject of a forum held last week in Ulaanbaatar. The three-day forum was organized by the Ministry of Roads, Transportation and Urban Development.

PRESIDENT OF REPUBLIC OF FINLAND TO VISIT MONGOLIA

Ulaanbaatar, Mongolia /MONTSAME/ The President of Republic of Finland, Mrs.Tarja Halonen will pay a state visit to Mongolia from August 30 to September 1 at an invitation of Mr. Ts.Elbegdorj, the President of Mongolia.

IOC PRESIDENT JACQUES ROGGE TO VISIT

Ulaanbaatar, Mongolia /MONTSAME/ The President of the International Olympic Committee (IOC) Mr. Jacques Rogge will pay a visit to Mongolia on August 23-24, at an invitation of D.Zagdsuren, the President of the Mongolian National Olympic Committee (MNOC).

TVN Corporation shares soar on Mongolian coal

TVN Corporation shares have soared on the back of the full coal drilling results from the Nuurst Thermal Coal Project in Mongolia.

Why is George Soros Selling His Gold and Buying Farmland?

Food prices are skyrocketing all across the globe, and there’s no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher in contrast to a weakening currency.

$5,000 gold and $200 silver lie ahead within four years – Rob McEwen

Rob McEwen explains his rationale for $5,000/oz gold and $200/oz silver and how factors leading to those prices will affect the industry and comments on some of the companies with which he is currently involved.

Kim's Russia trip focusing on energy issue

MOSCOW — North Korean leader Kim Jong Il's armored train rolled through the resource-rich far east of Russia Monday, taking in major Russian power projects en route to a summit with President Dmitry Medvedev expected to focus on energy cooperation and nuclear disarmament.

General Mining Corporation kicks off drilling targeting potash in Mongolia

General Mining Corporation (ASX: GMM) has commenced deep potash exploratory drilling at the Uvs Basin Project in Mongolia, with the program expected to take about 4 months.

Searching for the spirit of Genghis Khan

Ulaanbaatar, Mongolia (CNN) -- In the vast open steppe outside Mongolia's capital Ulaanbaatar, the great emperor Genghis Khan is very much alive.

Wrestling, archery and horse-racing: Mongolia's 'three manly games'

(CNN) -- Grapple fans should head to Mongolia each year on July 11.

Country profile: Mongolia

(CNN) -- From sweeping grasslands to the desolate Gobi desert, Mongolia's dramatic landscape lends itself to the idea that it is one of the world's last frontiers.

Petro Matad reports latest well success in Mongolia

Mongolian oil explorer Petro Matad (LON:MATD) today unveiled results from another successful well in Block XX.

S. Korea, Mongolia agree to significantly boost resources cooperation

ULAN BATOR (Yonhap) -- Leaders of South Korea and Mongolia agreed Monday to significantly boost resources and energy cooperation and elevate their relations to a "comprehensive partnership" in a symbolic commitment to bolster ties in all areas, officials said.

Biden Names Mongolian Horse, Lauds Democratic Progress Before Japan Visit

Vice President Joe Biden took a detour through Mongolia today en route from China to Japan to show support for the country’s nascent democracy and thank the government for sending troops to Afghanistan and Iraq.

In China, VP Biden promises US assets are "safe"

CHENGDU, China - Vice President Joe Biden wrapped up a visit to China on Sunday that offered him extensive face-time with the country's expected future leader, Xi Jinping, and delivered a strong message of U.S. mutual interdependence with the world's second-largest economy.

N. Korea’s Kim May Get Nuclear Talks Offer

North Korean leader Kim Jong Il will meet President Dmitry Medvedev this week in a visit that Russia hopes may spur talks on the Asian country’s nuclear weapons program and pave the way to energy and transport deals.

Mongolia denies nuclear waste talks will be held during Biden visit

ULAN BATOR, Aug. 19 (Xinhua) -- Foreign Minister Gombojav Zandanshatar on Friday denied that any talks on accepting nuclear waste materials in Mongolia would be held during the upcoming visit of U.S. Vice President Joe Biden.

Envidity launches USD $ 1 Billion Coal Gasification Project in Mongolia

August 19, 2011, Ulaanbaatar - Retired US Army General Wesley Clark, Chairman of Envidity Inc., announces the commitment of funds to launch a US$1 billion Mongolian Underground Coal Gasification-Gas to Liquids project.

Global Environment at Risk Due to Predicted Explosive Growth of Cities Over Next Two Decades

Explosive growth of cities worldwide over the next two decades could pose significant risks to people and the global environment, says a new study.

International investors coming to Mongolia

Leading figures in the international mining, banking, and investment worlds will descend on Mongolia next month.

Chinese museum, Swiss foundation cooperate to restore ancient silk relics

HOHHOT, Aug. 21 (Xinhua) -- A north China museum has worked with a Swiss foundation to successfully restore 14 pieces of silk relics unearthed from tombs with over 1,000 years of history, sources with the museum said Sunday.

Border towns witness China-Mongolia trade boom

HOHHOT, Aug. 20 (Xinhua) -- The booming China-Mongolia border trade has given Erenhot, a Gobi town in north China's Inner Mongolia Autonomous Region, a more important regional status, as it's poised to host the China-Mongolia-Russia Economic and Trade Cooperation Fair at the end of the month.

President Lee to meet Mongolian leader today

ULAN BATOR — President Lee Myung-bak will hold talks with his Mongolian counterpart Tsakhia Elbegdorj in Ulan Bator Monday, a day after arriving in the capital city.

Biden Wraps Up China Visit, Heads for Mongolia

U.S. Vice President Joe Biden will visit Mongolia's capital Ulaanbaatar Monday after wrapping up his five-day visit to China.

Friday, August 19, 2011

Anti-nuclear-waste demonstration in Ulaanbaatar

An anti-nuclear-waste rally will be held in Ulaanbaatar on Friday. Organizers say they are opposed to any efforts to store nuclear waste in Mongolia.

International investors coming to Mongolia

Leading figures in the international mining, banking, and investment worlds will descend on Mongolia next month.

CH.KHURELBAATAR GIVES REPORT ON BANK OF DEVELOPMENT

Ulaanbaatar, Mongolia /MONTSAME/ At the cabinet meeting held on Wednesday, August 17, a head of Cabinet Secretariat of Government Ch.Khurelbaatar gave a report activities of the Bank of Development.

Tavan Tolgoi Investment agreement gets critics from Mongolian experts

Tavantolgoi forum was held at the Civil Hall at the Presidential Office in Ulaanbaatar on Thursday. Mongolia has been shipping coal from Tavantolgoi to China for three weeks.

Mongolia says Japan, Korea cos in Tavan Tolgoi auction

Mongolia cleared up confusion over its auction of a block of its Tavan Tolgoi coal deposit on Thursday, confirming Japanese and South Korean bidders remained, the latter involving companies now revising their proposals.

Mining limits drive rare-earth investors abroad

BEIJING - Soaring rare-earth prices are drawing increased attention from Chinese private investors, who are being forced to seek opportunities overseas because of tight limits on domestic mining.

Inner Mongolia mine mouth coal price in H1 up by 14pct YoY

According to the website of China Ministry of Commerce, the average mine-mouth coal price in Inner Mongolia has soared by 14% to CNY 296.72 per tonne in the first half of this year compared with a year earlier.

CABINET DISCUSSES ISSUE ON SENDING SERVICEMEN TO UNMISS

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, August 17, the cabinet meeting discussed a matter on sending a group of servicemen to the United Nations Mission in the South Sudan, and then ordered G.Zandanshatar, the Minister of Foreign Affairs to submit it to the National Security Council (NSC).

Every student in Mongolia will get MNT 491,960 for tuition

At Wednesday’s Cabinet meeting, ministers discussed the annual fee that students in Mongolian universities, institutes, and colleges receive from the Human Development Fund.

Government of Mongolia intensifies the process of complex apartment blocks

Recently, the Government of Mongolia has supported the ongoing deal of the Development Bank of Mongolia with the Chinese Exim Bank (The Export and Import Bank of China) to get the loan worth 300 billion MNT for the project financing of the “New Yarmag” complex apartment blocks and decided to make a resolution regarding the loan deal accordingly.

East Asia Minerals Announces Change in Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces the resignation of Mr. John Wright as a Director of the Company.

Mongolia says Japan, Korea cos in Tavan Tolgoi auction

* S.Korea, Japan firms still on shortlist
* Mongolia says disappointed by S.Korea, Japan proposals
* S.Korea, Japan proposals did not include downstream projects
* S.Korea revising its proposal to include steel plants

President Lee likely to meet Biden in Mongolia: official

WASHINGTON, Aug. 18 (Yonhap) -- South Korean President Lee Myung-bak is expected to meet U.S. Vice President Joe Biden in Mongolia next week on a coincidental visit, Washington officials said.

Mongolia plans to build refineries to boost oil supplies

Mongolia, which is forced to import virtually all of its refined oil products and frequently faces chronic fuel shortages, is to begin building an oil refinery early next year in an effort to meet domestic demand and reduce dependence on neighboring Russia for energy supplies.

Garrison International acquires Nallaa coal-uranium prospect in Mongolia

TORONTO - Junior gold and mineral explorer Garrison International Limited (TSXV:GAU) has acquired the Nallaa coal and uranium prospect in Mongolia.

Thursday, August 18, 2011

Government prepares for harvest

It may still be summer, but in Mongolia preparations for winter are well underway. Herders are making hay, and farmers are preparing to harvest wheat. Our correspondent spoke about the preparations with the Minister of Food, Agriculture and Light Industry, T.Badamjunai.

Prosecutors to attend instructional course

Over 50 prosecutors from Darkhan, Selenge, and Bulgan provinces will take part in a special instructional course on Friday.

B.Khurts may be extradited to Germany on Friday

There is speculation that B.Khurts, Head of Administration at the National Security Council, might be extradited from Britain to Germany on Friday.

HIGH OFFICER OF COMMUNIST PARTY OF CHINA TO VISIT

Ulaanbaatar, Mongolia /MONTSAME/ A member of the Politburo Standing Committee of the Communist Party of China (CPC) and the Secretary of CPC Central Political and Legislative Committee Zhou Yongkang will visit Mongolia on August 23-26, 2011.

ABOUT CREDIT GUARANTEE FOR NEW MICRO-DISTRICT

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet has discussed and backed in principle a matter on taking a loan of MNT 300 billion from the Export-Import Bank of China, in order to create a financial source for the "Shine Yaarmag" apartment micro-district.

FIRST DEPUTY PREMIER AND NEW RAILWAYS

Ulaanbaatar, Mongolia /MONTSAME/ The First Deputy Premier N.Altankhuyag received on Wednesday 17th August authorities of the Ulaanbaatar Railway Mongolia-Russia joint venture and an advisory group led by the McKinsey & Company, Inc, a global management consulting firm.

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet members at a regular meeting held on Wednesday 17th of August heard a report on results of the 15th meeting of the Mongolia-Russia intergovernmental commission on trade and economic cooperation.

Mongolia’s Catholic clinic reopens

The only Catholic clinic in Mongolia was reopened recently by Bishop Wenceslao Padilla of Ulaan Baatar.

Ivanhoe Energy shares up on Mongolia drilling success

Canadian heavy oil producer Ivanhoe Energy Inc said it intends to drill two wells at its Nyalga Block XVI in Mongolia, with the option to drill up to three additional wells in an initial exploratory program, sending its shares up as much as 12 per cent on Tuesday morning.

Hyundai Becomes Largest Passenger Car Seller In Mongolia

SEOUL, Aug 18 (Bernama) -- Hyundai Motor Co., South Korea's largest carmaker, said on Thursday that it has become the No 1 seller of passenger cars in Mongolia in the first half of the year.

One in 10 Deaths in Mongolian Capital Caused by Air Pollution

A new study by Simon Fraser University’s Ryan Allen shows one in 10 deaths in Mongolia’s capital city of Ulaanbaatar can be attributed to air pollution.

Frontier: Infrastructure Development Prospects In Mongolia

Ulaanbaatar, Aug 18, 2011 (ABN Newswire) - Mr. Mendoza, Co-Chief Operating Officer of Frontier Securities, made an opening remark for "Infrastructure Development Prospects in Mongolia," highlighting the significant, but often neglected, reality of the infrastructure development in Mongolia.

Air pollution killing Ulaanbaatar (Mongolia) residents

A new study by Simon Fraser University’s Ryan Allen shows one in 10 deaths in Mongolia’s capital city of Ulaanbaatar can be attributed to air pollution.

Long song competition held in Mongolia

The first Mongolian “long song” contest was held last weekend in Khui Doloon Khudag. More than 80 people between the ages of 11 and 81 took part in the competition.