Mongolian Economy and Finance

According to an Inner Mongolian newspaper, Mongolia imported 4,013 motor vehicles worth USD 136 million through the Ereen border point in the first three quarters of this year.

The German high-technology trade association VDMA, or German Engineering Federation, is organizing an international exhibition with the assistance of the Mongolian government in the Buyant-Ukhaa complex from May 16 to 19, 2012.

Mongolia’s National Emergency General Board (NEGB) and the Australian Red Cross signed an agreement on Tuesday to increase cooperation.

Wednesday is the deadline for Parliament to pass the 2012 state budget. In its afternoon session, Parliament will discuss the budget for the fourth time, and is expected to approve it.

On Tuesday, the Standing Committee on Economics discussed monetary policy for 2012. The committee decided to submit the policy to Parliament.

The Standing Committee on Budget discussed on Tuesday a draft law on personal income taxes, amending the business tax code, 2012 Human Development Fund allowances, and the Development Bank (DB).

Parliament discussed the draft election law on Tuesday. MPs decided that the Election General Committee and the Ministry of Foreign Affairs will oversee the balloting of Mongolians who live abroad.

The International Finance Corporation (IFC) and the Development Center for Company Governance (DCCG) are holding a conference on corporate governance in the Khaan Bank hall on Wednesday.

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj received on Tuesday Mr. Jean-Paul Dumont, the Ambassador Extraordinary and Plenipotentiary of the Republic of France to Mongolia, in conjunction with completion of diplomatic mission.

S DOLJIN arrived in Vancouver this week to spend a year here at UBC as a visiting scholar at the Centre for Asian Legal Studies .

London copper retreated on Tuesday, after posting its biggest single-day gain in a month in the previous session, as investors weighed whether eurozone policymakers can actually come up with solid measures to resolve a widening sovereign debt crisis.

China is the world’s biggest consumer and producer of coal. Mongolia is on China’s border to its north.

When Germany’s chancellor, Angela Merkel, met Mongolian president Tsakhia Elbegdorj in his yurt recently it might have had all the trappings of a purely ceremonial occasion.

Ulaanbaatar and London have two similarities and one dissimilarity.

29 November 2011 With a new office in Ulaanbaatar, the capital of Mongolia, and a Super Center in the South Gobi desert FLSmidth is entering Mongolia.

Interview with D.Khayankhyarvaa, the head of the Mongolian Standing Committee on Budget, about the proposed 2012 state budget.

Protecting the world's oldest nature reserve from the planet's most polluted capital was never going to be easy, but the Mongolian authorities and the World Bank aim to do just that in the coming days when they meet to discuss a plan to limit the sprawl of Ulan Bator.

SYNOPEX and NWC (National Water Committee, Mongolia) have signed MOU for the safe water supply in Mongolia for next decades in collaboration with the UNESCAP. As an initial activity of cooperation, NWC and SYNOPEX agreed to implement jointly the project on the Mobile Safe Drinking Water Supply System (SMDT: Synopex Mobile Drinking Water Feeding Trailer) and SMDT-20 was provided to Mongolia on Nov. 18th 2011.

During a two week visit to Mongolia in September, I met with six different local brokerage houses.

Khan Investment Management ( www.Khan-Management.com ) recently exhibited at the Mongolia Investment Summit in Hong Kong, October 25-27, promoting its flagship product, the Khan Mongolia Equity Fund, successfully launched in October 2011.

After the DP caucus meeting, caucus chairman Ch.Saikhanbileg briefed journalists on the meeting.

Just Agro LLC was audited by SGS International for compliance with international food safety standards known as HACCP (Hazard Analysis Critical Control Point) at its meat processing factory on November 25.

Ts.Gantsetseg, the head of the Health Insurance Monitoring and Financial Board of the Social Insurance General Office, has told the newspaper Uls Turiin Toim that the national health insurance deduction will not increase next year.

Some kindergarten teachers went on strike in Ulaanbaatar on Monday morning, closing four kindergartens in the Bayanzurkh district and one in the Khan-Uul district.

Russia says it will cut its fuel exports by 80 percent beginning December 1 to help the country cope with a domestic fuel shortage.

The MPP conference continued on Monday with the election of party secretaries and members of the party’s managing council.

Managing officials of the Confederation of Trade Unions appealed on Tuesday to employees of state organizations to intensify their demand for salary increases in the 2012 budget proposal.

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Mongolia to Australia Ts.Jambaldorj has organized a reception for the national celebration of Independence Day, in the old house of Australian parliament.

Ulaanbaatar, Mongolia /MONTSAME/ A cooperation memorandum has been signed between the “Rio Tinto holding” company and Mongolia's State University.

Ulaanbaatar, Mongolia /MONTSAME/ International fair and conference both themed “Future Mongolia 2012” will run on May 16-19 in 2012 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ A conference themed “New law on company and company governance” will run on November 30.

Ulaanbaatar, Mongolia /MONTSAME/ The seventh international tourism fair themed “Mongolia ITF-2011” will run on December 2-3 in Misheel expo center. It will be co-organized by the Ministry of Nature environment and tourism, the National center of tourism. The fair will be attended by business representatives of Russia, China, Great Britain, Republic of Korea, Spain, by authorities of international projects and programmes of “Ikh tumen river”, “Tea road”, and by delegates of Mongolia's 21 aimags. At the fair, more than 80 organizations such as tour operators, hotels, tourist camps, air companies, state institutions, NGOs, projects, programmes, art and culture organizations and business entities intend to widely propagandize their products. Many kinds of measures will run during the fair, for example, invited specialists and advisors will run short meetings and seminars. B.Oyundelger

Ulaanbaatar, Mongolia /MONTSAME/ The National Emergency Management Agency (NEMA) and the Australian Red Cross (ARC) will cooperate in a scope of the international development program of Australian volunteers.

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian delegation is taking part in the 27th Assembly of the International Maritime Organization (IMO).

Ulaanbaatar, Mongolia /MONTSAME/ The 14th session of the United Nations Industrial Development Organization's (UNIDO) General Conference kicked off on Monday in Vienna, Austria.

Ulaanbaatar, Mongolia /MONTSAME/ A consultative meeting between Foreign affairs Ministries of Mongolia and of Hungary run on November 28 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ A second meeting of the Mongolian People's Party (MPP) Conference ended on Monday.

A MONGOLIAN coal miner is considering a multi-billion flotation in London in a deal that will please investment bankers who have been largely starved of new issues in London’s faltering IPO market.

Rio Tinto is poised to win a bidding war for a Canadian uranium company after Cameco, the world’s biggest uranium producer, declined to raise its offer for a second time.

Copper investments in Asia look attractive and given the pros and cons, Rio Tinto Plc . ( RIO ) stands to cash in on the opportunities.

BEIJING, Nov. 28 (Xinhua) -- A senior official of the Communist Party of China (CPC) pledged Monday to boost ties with the Mongolian National Democratic Party.

HALIFAX, NOVA SCOTIA, Nov 28, 2011 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. CA:ERD -8.75% ("Erdene" or "Company"), is pleased to announce that it has closed $1,715,000 of a private placement announced on November 16, 2011 and issued 4,287,500 shares at $0.40 per share.

WASHINGTON Nov 28 (Reuters) - Mongolia's economic policies are "too expansionary" and are creating inflationary pressures, the International Monetary Fund warned on Monday, calling for further rate hikes.

A metro construction research team reported the results of a two-year study to the mayor on Thursday.

The new MPP headquarters, named the Palace of Independence, officially opened on November 26, Mongolia’s Independence Day.

The MPP and DP caucuses both discussed the proposed 2012 budget last Friday.

The Standing Committee on Budget discussed the proposed 2012 budget and Human Development Fund (HDF) allowances last Friday.

Some kindergarten teachers went on strike in Ulaanbaatar on Monday morning, closing four kindergartens in the Bayanzurkh district and one in the Khan-Uul district.

After the DP caucus meeting, caucus chairman Ch.Saikhanbileg briefed journalists on the meeting.

Ulaanbaatar, Mongolia /MONTSAME/ Prizes named after the President of Mongolia have been given to young scholars for the great success in research works.

Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary office will organize several actions on November 26, dedicated to the 87th anniversary of the Independence day of Mongolia.

Ulaanbaatar, Mongolia /MONTSAME/ The president of the United Confederation of Mongolian Journalists (UCMJ) T.Baasansuren received on Friday Mr. Christian Steiner, the Ambassador of Austria to China, who was here to take part in the 3rd meeting of EU ambassadors to Mongolia held in Ulaanbaatar.

AUSTRALIA and other rich countries are under pressure to change rules that allow them to meet climate change targets by subsidising coal plants in poor countries.

Officials of Mongol Bank held a press conference on Thursday to officially inform that the tugrug rate will not be cut next year, denying rumors that the rate would be cut twice in connection with depositors’ savings in US dollars.

Deputy Mayor B.Baatarzorig received managing officials of the city of Ereen, China on Friday.

Global miner Rio Tinto warned on Monday that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver, with its customers increasingly cautious on the outlook.

(Infocast News) Mongolia Energy (00276) said that the 311-km Khushuut Road has been inspected and passed by the Mongolia Authority and that it will commence China coal shipment shortly.

State-owned Mongolian coking-coal miner Tavan Tolgoi is considering an initial share sale that may value the company at 10 billion pounds ($15.4 billion), the Sunday Times reported, without saying where it got the information.

A new competitor to already established domestic players. Is this the first step of a privatisation of MIAT towards Bodi?

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement MONGOLIA ENERGY CORPORATION LIMITED

Concrete towers rise over the African bush, as the continent’s largest coal-fired power station takes shape in a multi-billion-dollar testament to developing nations’ love affair with coal.

Investors are wondering why Russian steel-maker Magnitogorsk Iron and Steel Works is buying Flinders Mines (ASX:FMS) for A$554 million.

Iron ore prices, which have been steadily climbing to touch $200 per tonne, may cool off in the long run as China is all set to increase iron ore production.

Shares in some of the world’s biggest copper producers are getting trounced as the price of the bellwether metal continues to flounder around the $3.27 per pound mark.

Government officials’ cover-up of a diplomatic document, in which Russia once offered to temporarily store spent nuclear fuel generated at nuclear power stations in Japan, has deprived the public of opportunities to have discussions on Japan’s nuclear fuel cycle policy.

A joint venture between uber-miner Rio Tinto and Chinese partner Chinalco was finalized on Friday.

Kalmykia is a steppe region in the south of European Russia and the only European Buddhist republic.

In Mongolia, there is cause for concern about the performance techniques of limbe practitioners.

Ancient rock deposits, laid down between two massive ice ages, reveal the oldest known fossils for two types of single-celled creatures: Tube-shelled foraminifera and hairy, vase-shape ciliates.

Mongolia's predicted economic boom hinges on the premise that the Oyu Tolgoi copper-gold mine will be a driver of the economy's growth. Mongolia's GDP in 2010 was $6.8 billion.

There is currently only one publicly traded company outside of Mongolia that is a pure play on Mongolia with no investments in the energy or mining sectors.

LONDON (MarketWatch) -- Mongolian state-owned coal miner Tavan Tolgoi is preparing to list its shares in London, Hong Kong and Ulan Bator, in a process which could value the firm at as much as GBP10 billion, the Sunday Times reported.

The Industrialization Policy Council met on Thursday and council chairman and First Deputy Prime Minister N.Altankhuyag, Deputy Minister for Food, Agriculture and Light Industry Kh.Zoljargal, Deputy Minister for Finance Ch.Gankhuyag, Chief of Small and Middle Business Office Ts.Nyam-Osor, and other relevant officials took part in the meeting.

Anti Corruption Authority Chief N.Ganbold on Thursday received Meloney C.Lindberg, the Asia Foundation’s permanent representative in Mongolia.

President Ts.Elbegdorj’s advisor, P.Tsagaan, has submitted to Speaker D.Demberel the president’s nominations for ambassadorships.

The border points in Shiveekhuren, Khangi, Bulgan, Gashuunsukhait, and Zamiin-Uud will not be open on Saturday, November 26 in observance of Mongolian Independence Day.

The 2011 “best of” mining sector awards will be announced at 6 p.m. on Friday at Bayangol restaurant.

Ulaanbaatar, Mongolia /MONTSAME/ A director of the International department of the Central Committee of the Communist party of China, Wang Jiarui has received the head of the National democratic party of Mongolia M.Enkhsaikhan.

It appears that the Australian National Univ. has set up a Mongolian Studies Centre .

A “Partnership cooperation in reducing disaster risks” national seminar ran on November 24.

Xinjiang autonomous region of China and the Republic of Mongolia officially realized coal transportation on November 23.

Although Mongolia still plans to list its Tavan Tolgoi coal mine in Hong Kong, London, and the Ulaanbaatar, it is still too early to say exactly when, said the newly appointed chief financial officer for the project, Angus Caithness.

In Mongolia, the land flows onward and upward further than the eye can see. The steppe seems more like an ocean than a landmass.

Kazakhstan’s international energy image is now that of one of the world’s rising oil exporters, an extraordinary feat given that, two decades ago its hydrocarbon output was beyond insignificant when the USSR collapsed.

Energy Efficiency News reports internet giant Google has quietly announced that it is to retire its ‘Renewable Energy Cheaper than Coal’ or RE Google spearheaded various projects and made investments in companies working on potentially ‘breakthrough’ technologies, including $168 million for a solar tower project in California and geothermal mapping. As part of its broader renewable energy programme Google has made several investments totaling more than $850 million in the US and Germany.

Rio Tinto said on Friday it would initially explore for copper in China under a newly-formed partnership with state-owned Chinalco before branching out into other commodities.

Copper supply shortages, which have been driven by operational problems and labor strikes in South America and Indonesia, are likely to persist next year, said OZ Minerals Ltd. (OZL) Australia’s third-biggest producer by market value.

The Nuclear Energy Authority (NEA) of Mongolia and Customs Office of Ulaanbaatar have jointly an import ban on some cars from Japan beginning November 30.

Stanford Symphony Conductor Jindong Cai has arrived in Mongolia to conduct the symphony orchestra’s performance of the ballet Atilla at the State Academic Theatre on November 26.

The Director-General of the International Atomic Energy Agency (IAEA) Mr. Yukia Amano has appreciated measures taken by Mongolia for a development of its nuclear weapon free status and asked Mongolia to share the experience.

THIRUVANANTHAPURAM An international delegation comprising 17 members from the Mongolian Government is in the city to learn about Akshaya as part of the overall study tour to the country to learn about e-governance activities.

Mongolian one and only laboratory to detect drug is in Mongolian Customs Organization. Not many people know about this lab, therefore to ask more about this, the Chief of the Central Laboratory of Customs N.Tsolmon gave us more information.

BAAR, Switzerland, November 24, 2011 -- /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (OTCBB: MNAP / TSX.V:MNP) today announced that CEO Peter-Mark Vogel, will present a corporate overview of the Company at the Visor Capital Central Asian Conference day of November 24, 2011. The event will take place at 23 Austin Friars, London, UK. Additionally, President & Director Dr. Werner Ladwein will present a corporate overview of the Company at a luncheon event held in Munich, Germany at the Restaurant Kaefer on November 25, 2011 at 12:00 p.m. CET. The presentation will also be available on the Company website at http://www.manaspetroleum.com About Manas Petroleum Corp. Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian publ...

An amazing collaboration between staff from Tecan, Children’s Hospital Boston, and Brigham and Women’s Hospital has resulted in the donation of a Tecan Sunrise™ microplate reader to Mongolian medical researchers, assisting their studies of vitamin D levels in the general population.

Mongolian throat singers participated successfully in the 5th “Gazar delkhii amisgaa” International Throat Singing Festival, which was held from November 17 to 21 in Buryats, Russia.

There are 51 days left until the Winter Youth Olympic Games organized by the International Olympic Committee (IOC) are to be held.

Sources tell us that the Government will begin issuing new electronic identification cards to citizens beginning December 20.

Kawashima Group, a Japanese firm with 50 years of recycling experience in Japan, is looking into the possibility of building a recycling plant in Ulaanbaatar.

B.Batjargal, head of the Budget Policy Board of the Finance Ministry and head of the Representative Managing Council of the Development Bank (DB), recently spoke with one of our correspondents.

Residents of Tsetserleg soum of Khuvsgul aimag say they will send a note to Mineral Resources and Energy Minister D.Zorigt opposing the activities of an Australian mining company in the area of the soum.

The Standing Committee on Security and Foreign Policy discussed a proposed loan agreement between the Government and the Asian Development Bank to finance road construction in the western region.

Secondary school teachers in the capital and local settlements have informed journalists that will strike next Monday.

Parliament discussed a proposal regarding Parliament the 39th protocol that was submitted by MPs Ya.Batsuuri and D.Odbayar on Thursday and approved further discussion.

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia has established the diplomatic relations with the Principality of Andorra. The ceremony ran in New York city, USA, the Ministry of Foreign Affairs reports.

Ulaanbaatar, Mongolia /MONTSAME/ A director of the International department of the Central Committee of the Communist party of China, Wang Jiarui has received the head of the National democratic party of Mongolia M.Enkhsaikhan.

Ulaanbaatar, Mongolia, /MONTSAME/ Members of the public can now access financial data on the United Nations Development Programme's (UNDP) development activities for the most recent fiscal period, thanks to a new open data portal appeared on November 23.

Ulaanbaatar, Mongolia /MONTSAME/ The Embassy of Mongolia in Sweden will organize an open-door measure for Mongolians living in Scandinavian countries.

Ulaanbaatar, Mongolia /MONTSAME/ The Director-General of the International Atomic Energy Agency (IAEA) Mr. Yukia Amano has appreciated measures taken by Mongolia for a development of its nuclear weapon free status and asked Mongolia to share the experience.

Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday decided to submit to parliament a new wording of the law on mental health.

Ulaanbaatar, Mongolia /MONTSAME/ The Head of the Cabinet Secretariat of Government Ch.Khurelbaatar gave report on implementation of the governmental works in the third quarter of 2011.

Mongolian People’s Party faction in the parliament discussed two issues in its regular meeting held on 21st November.