Wednesday, November 30, 2011

Mongolia importing more cars from China

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.

German technology to be exhibited in Mongolia

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.

Emergency board to cooperate with Australian Red Cross

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

Parliament to pass 2012 budget

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.

Standing Committee approves monetary policy

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

Standing Committee discusses taxes, Development Bank

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 discusses draft election law

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.

Officials discuss corporate governance

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.

Visiting PhD Student at UBC: Sodnom DOLJIN

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.

Copper slips after rally; euro zone meet eyed

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.

Coal In Mongolia: The China Factor, Part I

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

Investing in Mongolia

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

Ulaanbaatar and London have two similarities and one dissimilarity.

FLSmidt & Co : A strong belief in the Mongolian market

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.

MNT 1 trillion to be cut from Mongolian Government budget for 2012

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

Hopes for a breakthrough in plans to protect world's oldest nature reserve

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 is dedicated to supporting of Mobile Safe Water System in Mongolia

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.

Coal In Mongolia: Investing

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

Khan Investment Management at the Mongolia Investment Summit

Khan Investment Management ( 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.

Tuesday, November 29, 2011

Ch.Saikhanbileg: Draft election law to be passed this week

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

Mongolian food company adopts international standards

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.

Health insurance deduction won’t increase

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.

101 more kindergartens to join strike

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.

D.Amarsaikhan: Mongolia won’t be affected by Russian fuel shortage

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

MPP conference continues

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

CTU says all sectors might strike

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.



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.

Miner plans London listing in New Year

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 set to win bidding war for uranium miner

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 Panorama to Rule RIO Future - Analyst Blog

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

Senior CPC official pledges closer ties with Mongolian political party

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.

Erdene Closes $1,715,000 Financing Pursuant to Private Placement Through Mongolian International Capital Corporation

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.

Mongolia economic policies 'too expansionary' - IMF

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.

Monday, November 28, 2011

Study: Ulaanbaatar metro possible by 2020

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

New MPP headquarters opens

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

MPP, DP caucuses propose budget cuts

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

Standing Committee approves HDF allowances

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

Kindergarten teachers strike

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.

Ch.Saikhanbileg: Draft election law to be passed this week

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.

Pressure on rich over coal rules

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.

Mongol Bank: Tugrug rate will not be cut

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.

Managing officials of Chinese city visiting Ulaanbaatar

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

Global commodities customers more cautious – Rio Tinto

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.

Mongolia Energy (00276): Mongolia passes Khushuut Rd pjt

(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.

Mongolia Coal IPO Value May Be $15 Billion, Times Says

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.

MIAT partnering with Bodi to create a new Mongolian domestic airline

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

Mongolia Energy Corp : MEC to Commence China Coal Shipment

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

Developing economies see no escape from coal

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.

Russian steelmaker buys Australian iron ore prospect for A$554 million

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 to cool off as China set to raise output

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.

Copper company shares getting hammered; some down as much as a third

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.

Cover-up of Russia’s 2002 offer to store Japan’s spent nuclear fuel a wasted opportunity

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.

Rio Tinto, Chinalco finalize exploration joint venture

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

Russia Today travels to Kalmykia, the only European Buddhist republic

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

Mongolian Limbe Flute Added to UN List of Intangible Heritage in Need of Urgent Safeguarding

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

Oldest hairy microbe fossils discovered

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.

Copper Investing In Mongolia

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.

Mongolia Growth Group Raises Private Funds To Deploy In Country's Real Estate Market

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.

Mongolia's Tavan Tolgoi to list in U.K., Hong Kong

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.

Friday, November 25, 2011

Industrialization Policy Council meets

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.

ACA chief receives Asia Foundation representative

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

President nominates replacement ambassadors

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

Border points to be closed for holidayBorder points to be closed for holiday

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.

“Best of” mining sector awards to be handed out

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.

Mongolia Studies Centre at ANU

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 Carries Coal from Mongolia

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.

Letter from Mongolia: ‘Above my hat, there is only Tengri’

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: world’s largest uranium miner

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.

Google retires initiative to make renewable energy cheaper than coal

Energy Efficiency News reports internet giant Google has quietly announced that it is to retire its ‘Renewable Energy Cheaper than Coal’ or REGoogle 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, Chinalco JV to hunt for copper in China

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 Shortfall Likely to Remain in 2012, OZ Minerals Says

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.

Some car imports from Japan to stop

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.

U.S. conductor to conduct ballet “Atilla”

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.

From Mongolia, to study Akshaya

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.

N.Tsolmon: Now we can detect suspicious object in our laboratory without crushing

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.

Manas Petroleum Corporation to Present at the Visor Capital Central Asian Conference & at Luncheon Event

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

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 public company. In Kyrgyz Republic, Manas has signed a US$54 million farm-out agreement with Santos International Holdings Pty Ltd., a subsidiary of Australia's third largest oil and gas company. In addition to the development of its Kyrgyz Republic project, Santos is developing the company's neighboring Tajikistan license under an option farm out agreement. In Mongolia, Manas owns record title to the two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG, but 26% of the beneficial ownership interest in these blocks is held in trust for others.

For further information please contact:

Roger Jenny Corporate Secretary Manas Petroleum Corp. Bahnofstr. 9, P.O. Box 155 CH-6341 Baar, Switzerland Phone: +41-44-718-1030 Fax: +41-44-718-1039 Email: Web:

SOURCE Manas Petroleum Corporation

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Sunrise™ in Mongolia Tecan Group Ltd.

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 Receive grand prix

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.

Mongolian Skier To Participate in Winter Youth Olympics

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

Thursday, November 24, 2011

Electronic ID cards to be issued in December

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

Japanese firm may build recycling plant in Ulaanbaatar

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: DB to finance railroad projects first

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.

Soum residents oppose Australian mining company

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.

Standing Committee approves proposed loan agreement

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.

Teachers to strike next Monday

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

Parliament approves Tavantolgoi protocol change

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.

MPP faction in the Parliament held its regular meeting yesterday

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


S.Batbold made a report on the city's auto-road works done in 2008-2011 and nearest plans at the parliamentary session on November 18.


The cabinet meeting approved on Wednesday a list of construction works of autoroads.

Copper set for worst performance since 2008 as China says ‘global recession is certain’

Reuters reports copper hit its lowest in nearly a month on Monday as investors, already mired in worries over Europe’s debt, digested news that US plans to combat debt are in disarray and took in warnings from China about gloomy global growth prospects.

Maintaining Mongolian Culture

Mongolian students often learn English at accelerated rates, and their relatively small numbers — 172 students in the Arlington public schools — compound the possibility of losing their unique background.

Micromine software solution installed at Tayan Nuur

Mining software and solutions provider Micromine has been contracted by Altain Khuder LLC to supply and install its mine control and management reporting solution, Pitram, at the Tayan Nuur iron ore mine in Mongolia.

Global copper demand remains strong – Aurubis

Global copper demand remains firm despite fears of an economic slowdown and key consumer China is likely to raise imports again in November, Aurubis, Europe’s biggest copper producer, said on Tuesday.

Korean Financial Services Commission(FSC) made MOU with Mongolian Financial authorities and organized foreign financial cooperation committee

Sok-dong Kim, Chairman of FSC had visited Mongolia on September for deliberating the way to facilitate financial service cooperation between South Korea and Mongolia.

Mongolian pastureland damaged by illegal activities: official

ULAN BATOR, Nov. 23 (Xinhua) -- About Seventy percent of Mongolia's pastureland has already degraded due to illegal mining and overgrazing, an official said.

Fitch affirms Mongolia at 'B+'/stable

Nov 22- Fitch Ratings has today affirmed Mongolia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook.

Standing Committee approves oil policy

The Standing Committee on Economics approved the Government’s oil policy on Wednesday.

Nomad's land: Herding reforms on the Steppe

Mongolia is the country of endless plains and eternal blue skies. Eighty per cent of the land area is covered by grassland, giving home to about 35 million horses, cattle, sheep, goats and camels.

UN human development index must be revised

The UN's Human Development Index (HDI) offers no encouragement for countries to follow a sustainable path to development and should be revised, argues Chuluun Togtokh, professor at the National University of Mongolia and vice-chair of Mongolia's Global Change National Committee.

Advertising fair coming to Ulaanbaatar

The NGO Mongol Marketer announced at Mongol News Agency on Wednesday that “Advertising United Fair 2011” will be held at Misheel Expo on November 29 and 30.


A third meeting of the ambassadors and non-residence ambassadors of the EU member-countries to Mongolia is running on November 23-24 in Ulaanbaatar.

Milky Way

Mongolia’s largest dairy firm--Suu Corp., dating from the Soviet era--is being transformed by the Dagvadorjs.

Xanadu/Noble JV moves on Mongolian coal

PERTH ( - The Mongolia-focused joint venture (JV) vehicle between ASX-listed Xanadu Mines and Asian commodity trader Noble Group has acquired another coal project.

Dealmakers in Mongolia see strong pipeline, but hurdles include valuations

Dealmakers in Mongolia will find many companies looking for funding but they will face hurdles such inadequate understanding of valuation metrics and overly optimistic growth projections, industry practitioners said.

Mongolia: Ulaanbaatar Grapples With Challenge of Equal Access for Disabled

Munkhtulga Tseveldorj is successful for a 22 year old. Author of two poetry books, he has a third on the way.

Mongolia gives Prophecy green light to build new coal power station

TORONTO ( – Prophecy Coal, the junior that graduated to the TSX main board last month, received the green light from the Mongolian government to build its 600 MW Chandgana coal-fired power plant in the east of the country, the company said on Monday.

Mongolian Meat Export to Rise

The Mongolian population is 2.7 million and the domestic animals number is over 40 million.

Monday, November 21, 2011

“Business Update 2011” forum to be held

Young Managers College is holding a “Business Update 2011” forum at the Chinggis Hotel on December 4.

PM receives Kuwaiti delegation

Prime Minister S.Batbold received a Kuwaiti delegation headed by Kuwaiti Finance Minister Mustafa Jassim Al Shamali on November 18.

MPP program to continue abroad

The MPP has organized “To Hear the People” forums in all 21 aimags and the capital.

MSE makes changes to Representative Managing Council

The Mongolian Stock Exchange (MSE), which is cooperating with the London Stock Exchange (LSE) under the terms of a Master Agreement, recently made changes to its Representative Managing Council.

New MPP headquarters damaged by fire

The new MPP headquarters, named Independence Palace, was damaged by fire on Sunday.

National Committee reports on anti-pollution efforts

The National Committee, which is charged with reducing air pollution in Ulaanbaatar, reported the results of its ongoing efforts on November 18.

MONGOLIA – JV for coal and iron ore projects

A new joint venture has been formed between one of the world’s top oil and commodity traders and one of Mongolia’s largest private natural resources investors.


In a lengthy newspaper piece published in early October, Russian Prime Minister Vladimir Putin unexpectedly called on the former Soviet republics to join Moscow and create a Eurasian Union.

Miners encounter the hard rock of resource nationalism

Unfortunately, its state-owned rival Codelco agrees that the mine has great prospects – so great, in fact, it would like to wield its option to buy a 49pc stake in the unit which holds it.

Nest filled with baby dinosaurs found in Mongolia

In a significant discovery, scientists have uncovered a nest filled with 15 baby dinosaurs, 10 of which are complete fossil sets.

In Search of the Great Khan

National Geographic and UCSD Engineers partner up to solve one of history’s greatest mysteries: The location of Genghis Khan's tomb.

Timing for Mongolia's giant mine IPO still unclear: CFO

Mongolia plans to list its giant Tavan Tolgoi coal mine in Hong Kong, London and the Mongolian capital of Ulan Bator, but it is still too early to say exactly when, the newly appointed chief financial officer for the project told Reuters.

State’s diesel reserves down to one week

After Russia recently increased the price of its exported diesel fuel, the Mongolian government eliminated its excise tax on the fuel to keep the price consumers pay from going up.

Xanadu Mines to kick off drilling targeting metallurgical coal in Mongolia

Xanadu Mines (ASX: XAM) will shortly begin its much anticipated drilling at the highly prospective Javkhlant metallurgical coal exploration project in Mongolia.

Economists oppose Tavantolgoi share change

Honored economist N.Dashzeveg and Mongol Institute teacher K.Aksoltan are opposing Parliament’s proposal to change the way shares of Erdenes Tavantolgoi are allocated.

Ausenco awarded Create phase contract for US$1.8 bn Kazakh copper project

Ausenco Limited (ASX: AAX) has been awarded a $45 million Create phase engineering services contract for the US$1.8 billion Bozshakol copper project owned by Kazakhmys plc. (LSE: KAZ).

Uranium: Swords to plowshares program ends

Swords (military weapons) to plowshares (tools that benefit mankind) is a concept in which military weapons/technologies are converted to peaceful civilian applications.

N.Duinkhar: My artworks are patriotic

When I went to N.Duinkhar’s studio, noise of iron beating and melting metal was overwhelming.

T. Khaltar: “Every day, Mongolian websites are hacked by the dozen”

The earliest cyber attack in Mongolia was reported in 1995, when a transportation company programmer sold vital information about his company to a rival company when he left his job.

Friday, November 18, 2011

Standing committee discusses rail transportation issues

The Standing Committee on Economics discussed railroad transportation issues on Thursday.

Oyutolgoi RMC to meet

Oyutolgoi LLC is planning to hold a meeting of its Representative Managing Council in early December to discuss the mining project’s results for 2011 and its plans for 2012.

Government discusses Oyutolgoi power plant

The Government is discussing power supply issues at the Oyutolgoi deposit mine, where plans to build a new power plant still await the Government’s approval.

Trade sector conference begins

A conference for workers in the trade sector began in the Government House on Thursday, with more than 800 delegates from aimags and Ulaanbaatar taking part.

Deputy Mayor discusses cooperation with Irkutsk Oblast

Ulaanbaatar Deputy Mayor B.Baatarzorig received Irkutsk Oblast Deputy Governor S.V.Serebrenikov on Thursday.


Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet has obliged the Minister of Food agriculture and light industry T.Badamjunai to work out some proposals.


Ulaanbaatar, Mongolia /MONTSAME/ The police Colonel N.Ganbold and the Administration chief of the National security council B.Khurts have become the head and the vice head of the Independent Authority Against Corruption (IAAC).


Ulaanbaatar, Mongolia /MONTSAME/ A meeting of the Board directors of the “Oyu tolgoi” company will run early December of 2011.


Ulaanbaatar, Mongolia /MONTSAME/ A second meeting themed “Reducing affect of climate change on Mongolia's agriculture, forest sphere, adaptation possibilities” is running on November 17-18.


Ulaanbaatar, Mongolia, /MONTSAME/ The United Nations must include sustainability in its quality-of-life index to encourage countries to develop responsibly, says Chuluun Togtokh.


Ulaanbaatar, Mongolia /MONTSAME/ Senior tax inspectors from Mongolia's Tax administration, the city districts, aimags, also teachers of Training center have been attending a training.


Ulaanbaatar, Mongolia /MONTSAME/ A delegation of Mongolia's health sector, headed by the State Secretary of Health Ministry Kh.Khurelbaatar, visited Italia on November 10-17.


Ulaanbaatar, Mongolia /MONTSAME/ The draft resolution on “Improving living conditions of women in rural areas”, initiated by Mongolia, has been approved at the public discussion and a meeting of the third committee forum of the UN's 66th General Assembly on November 15.


Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold received representatives, led by Mustafa Jassim Al Shamali, the Finance Minister of Kuwait on November 18.

Anglo American mortgaging future in Chile – Codelco

Global miner Anglo American has mortgaged its future in Chile by selling part of a stake in its southern Chilean properties that Codelco wants to buy into, state copper giant Codelco’s CEO Diego Hernandez said on Thursday.

Research Report on Integrated real estate business model in Mongolia

• The economy grew at a furious pace in the third quarter with data showing GDP growth of 20.8 percent year-on-year

Central bank gold buying at 40-year high

Central banks made their largest purchases of gold in decades in the third quarter as a sharp drop in prices in September spurred buying to diversify reserves.

European films to be featured in festival

The Mongolian Art Council, the Mongolia-French Center, the Goethe Institute of Germany, and the NGO “Globe International” are holding the second annual European Union film festival in Ulaanbaatar from November 23 to 27.

Kuwaiti Minister discusses economic opportunities in Mongolia

ULAANBAATAR, Mongolia, Nov 18 (KUNA) -- Kuwait's Minister of Finance Mustafa Al-Shimali, and his accompanying delegation, met on Friday with top Mongolian officials.

Amount of pastureland declining in Mongolia

A two-day meeting was held in Ulaanbaatar this week to discuss ways to improve animal husbandry and agriculture in the aimags. Representatives of Uvurkhangai, Dundgobi, Umnugobi, Arkhangai, Bayankhongor, Zavkhan, and Gobi-Altai aimags took part in the meeting.

Sustainability Score Turns World Order Upside Down

The United Nations Human Development Index is the world’s all-purpose national scorecard, a single number that represents a country’s success at providing a decent life for its people.

Japan’s top trading houses seek more copper

Japan’s top trading house are likely to come head-to-head again while competing for copper mines across the globe, armed with an unprecedented ability to spend on what they see as a long-term bull market.

B.Amarkhuu: Dream high andreach high

B.Amarkhuu was born in Mongolia, but raised in the Buryat Republic. He rose in popularity in Mongolia after winning in national singing competition.

15 Infant Dinosaurs Discovered Crowded in Nest

A nest of 15 young dinosaurs uncovered in Mongolia — cousins of Triceratops — now suggests these plant-eating beasts might have cared for their young, scientists reveal.

The Daily Dig: Introducing Mongolia’s Artificial Urban Glacier

• The capital city of Mongolia is planning to create an artificial urban glacier to keep cool during the summer months. (Wired)

Petro Matad confirms presence of working petroleum system in Block V, Mongolia

Petro Matad (LON:MATD) today announced that it has confirmed the presence of a working petroleum system in the Tugrug basin, in Block V Mongolia.

Mongolia In Partnership With Ivanhoe Mines And Rio Tinto

Mongolia, the vast central Asian country, entered into the Oyu Tolgoi Investment Agreement with Ivanhoe Mines (IVN) and Rio Tinto (RIO) in October of 2009.

Thursday, November 17, 2011

Electronic signatures will not be used in 2012 election

The Standing Committee on Justice discussed a draft law on electronic signatures and related amendments on Tuesday.

Women’s conference held in Ulaanbaatar

The Ulaanbaatar Women Council and the Mayor’s Office organized a conference called “Capital Development – Women’s Participation” on Wednesday.

Government passes measure to improve professional training

At the Government meeting on Wednesday, members passed a protocol to improve professional training.

President nominates candidates for ACA

President Ts.Elbegdorj submitted his nominees for Anti Corruption Authority (ACA) chief and deputy chief to Speaker D.Demberel on Thursday.

MPRP and GP form alliance for 2012 election

The Mongolian People’s Revolutionary Party (MPRP) and the Green Party (GP) have agreed to form an alliance for the 2012 parliamentary election.


Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday decided to submit to the President some proposals.


Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday decided to fix at four percent the health insurance premium paid every month by entities and organizations' staffers.


Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Roads, transportation, construction and urban development, Kh.Battulga introduced a process of “New railway” project and financing required for it, at the Cabinet meeting on Wednesday.


Ulaanbaatar, Mongolia, /MONTSAME/ Under the "Mongolia: Mineral Wealth Set to Transform Country into “Minegolia” headline, an article appeared in the "eurasiaNet" website on November 8.


Ulaanbaatar, Mongolia /MONTSAME/ The round table meeting themed “Function of small- and medium-sized countries in changeable world” has run on November 15 in Vienna within the 50th anniversary of Mongolia's membership in UN.

The Cabinet meeting was held yesterday

The Cabinet meeting on Wednesday decided to submit to parliament an issue on ratifying an agreement on social welfare between Mongolia and Hungary.


A new UN report demonstrates that governments and businesses alike are taking steps to accelerate a global shift towards a low-carbon, resource-efficient and socially inclusive green future.

MicroEnergy Credits provides clean energy to XacBank’s microfinance clients

Mongolia’s microfinance institution XacBank in collaboration with MicroEnergy Credits is offering clean energy to its clients.

Erdene Announces Private Placement through Mongolian International Capital Corporation

HALIFAX, NOVA SCOTIA -- (Marketwire) -- 11/16/11 -- Erdene Resource Development Corp. (TSX: ERD) ("Erdene" or "Company"), is pleased to announce that it intends to issue, by way of a brokered private placement, up to 5,000,000 common shares of the Company at a price of $0.40 per share for gross proceeds of up to $2,000,000 (the "Private Placement").

Time to stop celebrating the polluters

The United Nations Development Programme this month released its annual league table of countries judged according to their state of development.

Survey says 39.2 percent of Mongolia’s population is poor

The Standing Committee on Social Policy, Education, Culture and Science, and the Ministry of Social Welfare and Labor jointly organized a high-level meeting about reducing poverty on Wednesday.