Monday, February 28, 2011

Cambridge school board’s standards to be followed until 2018

Two officials of the University of Cambridge International Examinations (CIE), the world’s largest provider of international qualifications for 14–19 year olds and a part of the University of Cambridge and a not-for-profit organization, were in Mongolia for a week recently to study the education system here and to offer suggestions to make it internationally competitive.

Tourists’ number increases 10.8%

A total of 456,000 tourists came to Mongolia in 2010, an increased by 10.8% over 2009 figures. Tourism revenues reached USD222.4 million.

World Bank grant for new software at tax office

Crown Agents of Great Britain, Daewoo International Corp and Daewoo Systems of South Korea will install the Trips software, the latest technological software, at the National Taxation Office under a World Bank grant of USD2.3 million.

Mongolian spy chief appeals British extradition ruling

A top Mongolian security official has lodged an appeal against a ruling by a British judge last week that he can be extradited to Germany on an arrest warrant for kidnapping, his lawyer said Friday.

Mongolia and Turkmenistan send delegates to study Azerbaijani insurance pension model

Baku, Fineko/abc.az. The World Bank has recommended Azerbaijan-developed pension insurance model for the transition countries.

Iskandar named envoy to Mongolia

BEIJING: Malaysian Ambassador to China Datuk Iskandar Sarudin has been named the ambassador-designate to Mongolia.

Xinjiang to import coking coal from Mongolia

Far western province Xinjiang is seeking to boost coking coal imports from Mongolia to meet demand from its rapidly expanding steel sector.

GTSO Readies Rare Earth Transport Office in Mongolia

Green Technology Solutions (PinkSheets: GTSO) and Rare Earth Exporters of Mongolia (REE) are hard at work moving into their new rare earth transportation office in the Mongolian capital of Ulan Bator.

Mongolia to Start Uranium Exploration by 2012

Mr Batbold Sukhbaatar PM of Mongolia has announced plans to initiate national uranium exploration by the year of 2012, part of an ambitious series of projects in Mongolia along with the Oyu Tolgoi and Tavan Tolgoi developments. Extraction of uranium is projected to start from 2013 or 2014.

Spy chief lodges extradition appeal

A Mongolian spy chief has lodged an appeal after a judge in London ruled he could be sent to Germany to face charges of kidnap and false imprisonment.

Friday, February 25, 2011

Mongolians Protest British Court Decision on Khurts

Roughly 50 Mongolians gathered February 23 in front of the British embassy in Ulaanbaatar to protest the recent ruling of British Court to extradite Mongolian high intelligence official Khurts Bat to Germany.

Kuwait Embassy in Mongolia Celebrates National Day

Kuwait’s Ambassador to Mongolia Mubarak Mohammad Al-Sehaijan extended congratulations -on the behalf of the embassy members- to His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, His Highess the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, His Highness the Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah and the Kuwaiti government on national celebrations.

Mongolian and International Coal Giant Gathers in UB

A big international conference and exhibition entitled “The Coal Mongolia 2011” opens at Chinggis Khaan Hotel in Ulaanbaatar on February 24.

Mongolian president meets Chinese FM on ties

ULAN BATOR, Feb. 24 (Xinhua) -- President Elbegdorj Tsakhia met here Thursday with visiting Chinese Foreign Minister Yang Jiechi on promotion of relations between their two neighboring countries.

GTSO Pursues Rare Earth Transport Agreement with Russian Railways

Green Technology Solutions, Inc. (OTCBB: GTSO) announced today that the company has approached freight services provider Russian Railways regarding the transport of rare earth ore from Mongolia to the international seaport of Vladivostok, Russia.

Centerra Gold reports higher profit

Centerra Gold Inc. (CG-T17.11-1.36-7.36%) reported a fourth-quarter profit of $153.1-million (U.S.) as revenue held steady compared with a year ago.

Mongolia: the next EM superstar?

Forget China. The fastest growing country over the next 20 years will be its diminutive central Asian neighbour Mongolia, according to a report released by Citigroup this week.

Mongolian President Meets Chinese FM on Ties

President Elbegdorj Tsakhia met in Ulan Bator Thursday with visiting Chinese Foreign Minister Yang Jiechi on promotion of relations between their two neighboring countries.

Austrade to open office in Mongolia

The Australian Trade Commission will open a trade mission in Mongolia towards the end of this year, Trade Minister Craig Emerson announced on 21 February.

Thursday, February 24, 2011

Denison Mines Announces C$65 Million "Bought Deal" Financing

TORONTO, ONTARIO--(Marketwire - 02/23/11) - Denison Mines Corp. (TSX:DML - News)(AMEX:DNN - News) ("Denison") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, which have agreed to purchase, on a bought deal basis, 18.3 million common shares of Denison at a purchase price of C$3.55 per common share (the "Offering Price"), for aggregate gross proceeds in the amount of C$64,965,000.

Entrepreneurship and Innovation Specialist

CHF International’s mission is to be a catalyst for long-lasting positive change in low- and moderate-income communities around the world, helping them improve their social, economic, and environmental conditions.
Closing date: 28 Mar 2011
Location: Mongolia

Mongolia takes a bite out of Apple

Mongolia's first Apple Store opens in central Ulaanbaatar

Mongolian PM moves to reassure investors

Mongolia's Prime Minister has moved to reassure investors that his government is committed to a stable and predictable investment environment.

Mongolia shortlists 4 banks for massive coal IPO

* Four banks shortlisted for Tavan Tolgoi IPO

* IPO, Mongolia's largest, planned for H1 2012

* Set to overtake Australia as China's top coking coal supplier

* TT first phase to produce 15 million tonnes annually (Adds quotes, background)

Miner Ivanplats Plans IPO

Ivanhoe Nickel & Platinum Ltd., the mining company known as Ivanplats, plans to go public this year in an offering that could raise between $750 million and $1 billion, people familiar with the matter said.

Harsher than Genghis Khan

The official visit to Canberra of the Mongolian Prime Minister, Sukhbaatar Batbold, was not without its lighthearted moments yesterday. ''We are both lands of sweeping plains,'' said Tony Abbott during speeches at an official lunch in the Great Hall.

Bankers pitch for Mongolian dollar bond

A debut Mongolian sovereign bond is back on the agenda as the country looks to raise funds for capital investment projects.

Wednesday, February 23, 2011

Ovoot drilling to start

Aspire Mining has engaged a drilling contractor for the 2011 season and a drill rig is expected to be mobilized to the Ovoot Coking Coal Project site by the end of February.

Tovshiir on schedule

Construction is on schedule at Garrison International’s Tovshiir Gold Project with production to start in mid-year. Test work of the ore is also progressing.

Encouraging Khongor results

Drilling by Voyager Resources at the Khongor Copper-Gold Porphyry Project in southern Mongolia has been encouraging to date, with all holes completed intersecting porphyry-style copper mineralization.

EMBARGO Global mining M&A set to accelerate in 2011

Merger and acquisitions activity in the global mining sector is expected to accelerate in 2011, fuelled by strong commodity prices and repaired balance sheets, advisory and accountancy firm Ernst & Young said on Wednesday.

Govt to boost trade-ties with Mongolia

The federal government wants to boost ties with the resource-rich Mongolia.

Mongolia seeks Australian support for mining boom

Mongolia may yet become the world's biggest mining country.

Mining super charges Mongolia’s economy

John Garnaut, writing a column in The Sydney Morning Herald, outlines both the promise and potential pitfalls that the mining boom is bringing to Mongolia: When Albanese stopped for his drink at Ulan Bator, in July 2009, the Oyu Tolgoi copper and gold project was still an idea stuck in the Mongolian bureaucracy and Mongolia’s main share index was trapped beneath 5000.

Race for rare earths in Central Asia

China is the world’s dominant producer of rare earths, accounting for 97% of production in 2009, so its move in the second half of 2010 to reduce export quotas by more than 70% sent shock waves among manufacturers who depend on Chinese imports.

Khan Resources Says Govt. Of Mongolia Appoints Arbitrator For Intl. Arbitration

(RTTNews) - Khan Resources Inc. (KRI.TO: News ) said that the Government of Mongolia appointed its arbitrator for the international arbitration proceeding commenced in January, 2011.

Mongolia tightens rules for investors

Feb 21, 2011 (The Australian Financial Review - ABIX via COMTEX) -- The Mongolian Government will impose strict rules on foreign investors in its mineral assets.

Capital raising through DRs will continue to grow, J.P. Morgan says

China and India will continue to dominate DR issuance from Asia, but issuers from new markets like Vietnam and Mongolia are also likely to emerge, the bank says in a report.

AVIAREPS appointed by MIAT Mongolian Airlines

AVIAREPS announced its appointment by MIAT Mongolian Airlines to manage the airline’s sales, marketing and ticketing activities in ten European markets.

Mongolia PM: any Chinalco role in Oyu Tolgoi would need govt nod

CANBERRA Feb 23 (Reuters) - Mongolian Prime Minister Sukhbaatar Batbold said that if Chinese state-owned Chinalco wanted to take a stake in the giant Oyu Tolgoi copper project, its role would have to be approved by the Mongolian government.

Australia And Mongolia Agree To Foster Scientific Exchange

In a ceremony attended by Prime Minister Julia Gillard, a formal agreement was signed today for greater understanding and sharing of ideas between scientists in Australia and Mongolia.

Hot coal puts risky Mongolia back on the map

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Tuesday, February 22, 2011

Mongolia coal is on fire

"..........................................Mongolia coal is on fire

ANU, Mongolia agree to share knowledge

Mongolian prime minister Sukhbaatar Batbold has signed an agreement with the Australian National University (ANU) in a bid to enhance education in his home country.

Gemcom Announces Office Opening in Mongolia to Support Industry Expansion in Mining and Exploration

PERTH, AUSTRALIA and ULAANBAATAR, MONGOLIA — Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that it will open an office in Ulaanbaatar, Mongolia on February 23, 2011.

“Passion” Documentary Movie to Release Soon

A latest documentary movie called “Passion” by S.Byamba will premiere at 8pm in the Tengis Movie Theater on February 25.

Mongolia veterinary agency confirms PRRS outbreak

The Veterinary and Animal Breeding Agency in Ulaanbaatar, Mongolia, has reported an outbreak of PRRS in the country’s Darkhan-Uul province, in the district of Darkhan.

Illegal Drug Business Flourishes in Mongolia

It has been many years since individuals and companies illegally import large quantity of drugs and medicines to the country and a new type of campaign to confiscate and eliminate such drugs and medicines has become a normal activity for authorities.

Acquisitions and Mongolia High on BHP CEO's Agenda

Speaking on television program Inside Business Mr Marius Kloopers said that while some industries like iron ore may face regulatory constraints for non organic growth there were others like potash, copper, oil and gas that had no such constraints.

Mongolia to build railway link to Russian port

BEIJING Feb 22 (Reuters) - Land-locked Mongolia will build a 1,000 km (620 mile) railway to enable it to export its vast but largely untapped mineral wealth via a Russian port, China's Xinhua news agency reported late on Monday, citing local media.

UN Asks Mongolia More Job in Cote d’Ivoire

The United Nations sends a request to Mongolia to involve it in its peacekeeping mission in Cote d’Ivoire.
As result of recent presidential election in the Ivory Coast, the African country has now two presidents and two governments and is in armed conflict between opposing parties.


Prime Minister’s Visit Continues in Australia

“Mongolia will be developing knowledge-based economy” said Prime Minister Batbold Sukhbaatar as concluded his two-day visit to Singapore.

Monday, February 21, 2011

Mongolia seeks help sharing wealth of its mining boom

THE Mongolian Prime Minister wants Australia to be a ''third neighbour'' that can help develop his country's massive resource deposits and balance its strategic and economic vulnerability to China.

Mongolia may pick banks for big coal IPO by next week: sources

(Reuters) - Mongolia is expected to appoint banks by next week to manage an IPO worth up to $5 billion for the world's largest untapped coking coal deposit, sources with knowledge of the matter told Reuters.

Mongolia PM sees sovereign bond issue early as H2 2011

SINGAPORE, Feb 18 (Reuters) - Mongolia's prime minister said on Friday the country may issue a sovereign bond as early as the second half of this year.

Mongolia to pick banks for mega coal IPO by end Feb

(Reuters) - Mongolia will announce by the end of the month the banks to manage a lucrative IPO for the world's largest untapped coking coal deposit, its prime minister said on Friday.

TNK-BP and the Mongolian Oil Agency sign Memorandum of Understanding

The FINANCIAL -- TNK-BP and the Mongolian Government Oil Agency have on February 18 signed a memorandum of understanding concerning the delivery of Russian oil products to Mongolia.

A new start for a land where Buddha meets Louis Vuitton

Weathered old folk in fur hats and goatskin gowns and young couples wearing designer sunglasses are squeezing into Gandan monastery to lay money at the feet of a small and ornate statue of Buddha.

Mongolia signs agreement with London Stock Exchange - PM

Feb 18 (Reuters) - Mongolia's stock exchange has signed an agreement with the London Stock Exchange, the country's prime minister told Reuters on Friday, without giving any details.

Chief Mongolian spy allowed to be extradited to Germany

A spy chief from Mongolia, who claimed he was conned into travelling to the UK so police could arrest him, can be extradited, ruled a court.

Fists fly in fight to mine Mongolia

MONGOLIA is poised to name the banks that will underwrite the flotation of the world's largest untapped seam of coking coal - and the proposed listing has launched rival financiers on a sub-zero, testosterone-charged scramble for the wealth of Ulan Bator.

Friday, February 18, 2011

Mongolia— IMF Preliminary Conclusions of the 2011 Article IV Mission

The 2011 Article IV consultation discussions took place against the backdrop of a strong economic recovery in Mongolia and signs that the economy is overheating.

Government lowers excise duty, but fuel prices rise

Concerned at reports that petroleum prices are increasing in the international market, the Government last week accepted suggestions from the Ministry of Mineral Resources and Energy and the Ministry of Finance to reduce excise and customs tax on certain petroleum products.

Ban on issuance of mining exploration licenses extended

Parliament passed a law on the last day of the Autumn session last week, extending the ban on issuance of new mining exploration license.

GEF SGP Mongolia Approved 9 more Environmental Small Projects

Nine more environmental small projects with total budget of MNT78.4 million were approved by the 29th GEF SGP National Steering Committee meeting.

You’re not Mongolian!

With the family overseas visiting relatives, I took the opportunity to do a tourist thing last Sunday and drive myself to the colossal steel structure that is himself; Chinggis Khaan.

Mongolian equities: “Ulan Qatar”?

Mongolian equities were the world’s best performing last year, gaining an eye-watering 140 per cent in dollar terms.

Fortescue puts Mongolian coal on the menu

Fortescue Metals Group has expressed interest in acquiring the Tavan Tolgoi coal deposit in Mongolia, but insists it remains focused on iron ore.

Erdene's Zuun Mod Results Continue to Enhance Potential of Copper and Molybdenum Porphyry Complex in Mongolia

Drill Results Include 118 metres of 0.11% Molybdenum and 0.10% Copper.

Singapore-Mongolia economic ties growing steadily

SINGAPORE: Economic ties between Singapore and Mongolia are growing, said Prime Minister Lee Hsien Loong as he met his Mongolian counterpart who is in Singapore on an official visit.

GTSO and Rare Earth Exporters of Mongolia Appoint New Director of Shipping and Exports

SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB:GTSO) and Rare Earth Exporters of Mongolia (REE) today announced the appointment of Atarbold Chimedregzen as their new Mongolian Director of Shipping and Exports.

Thursday, February 17, 2011

Bixby Energy Systems Ships Second Devolitization System to China

Operational Unit Will Both Provide Gas and Carbon and Serve as Demonstration Unit in China.

Mongolia hopes to launch satellite by 2015 with Japan's help

ULAN BATOR, Feb. 16 (Xinhua) -- Mongolia hopes to launch a space satellite by 2015 with help from Japan, local media reported Wednesday.

Mongolian PM to visit S'pore

SINGAPORE: The Prime Minister of Mongolia Sukhbaatar Batbold will make an official two-day visit to Singapore from Thursday, at the invitation of Prime Minister Lee Hsien Loong.

GTSO Rare Earth JV Hires Mongolian Reconnaissance Survey Geological Team

SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB: GTSO) announced today that the joint venture between the GTSO and Rare Earth Exporters of Mongolia have engaged the Mongolian Reconnaissance Survey LLC (MRS).

Bankers fight over Mongolia coal IPO

HONG KONG/BEIJING — More than 150 bankers have descended into a Monglian deep freeze to battle for a piece of country’s upcoming coal IPO — the world’s largest untapped coking deposit which could have offering price of up to US$5-billion.

SAIL to set up Rs 15,000 cr plant in Mongolia

NEW DELHI: Aiming to spread its wings beyond the country's border, Steel Authority of India (SAIL) will set up a three mtpa plant in Mongolia with around Rs 15,000 crore investment, provided that Asian nation ensures linkages to raw materials to feed the proposed facility.

Wednesday, February 16, 2011

D.Tsogtbaatar to attend B.Khurts’s trial on Friday

State Secretary of the Ministry of Foreign Affairs and Trade, D.Tsogtbaatar, will attend the next hearing of the trial of B.Khurts, Chief of Administration at the National Security Council, in London on February 18.

New law seeks to make Ulaanbaatar smoke free in 2014

The Standing Committee on Nature, Environment, Food and Agriculture yesterday reported that it met 15 times to decide on 42 issues, including draft laws and protocols, during the Autumn session.

All Mongolians in Egypt to be brought home

The Government has allocated MNT143.9 million to meet the cost of bringing back 47 Mongolian students from Egypt.

Chinese investment in Mongolia: An uneasy courtship between Goliath and David

The investment and trading relationships between China and Mongolia seems like a marriage made in heaven. Landlocked and poverty-stricken, Mongolia has an abundance of coal, copper and iron ore that China craves to feed its rapid industrialisation.

Mongolia’s ‘third neighbour’ policy and its impact on foreign investment

Justin Li’s 2 February 2011 post is welcome in that it attempts to analyse the economic development of Mongolia in its political context.

Mongolian Environment officials meet to review work implementation

Senior environment officials yesterday held their annual meeting to review implementation of Government programs.

Mongolian miners visit Tianjin to seek more coal sale

In 2010, Mongolia earned more from its export of 18 million tons of coal than it did from selling copper concentrate.

Mongolian Stock Exchange will have Foreign Executive

Board of MSE held meeting last Friday and appointed Mr. Peter Morrow, an adviser to Khanbank, as the Vice Chairman of the Board.

Mongolian Nuclear Energy Authority to probe charges of Chinese citizens illegally exploiting uranium

The newspaper Uls Turiin Toim reports that citizens in Erdene soum of Tuv aimag have told authorities that Chinese citizens regularly transport uranium at night from a mountain there.

Nyamtaishir of MAK lists his rules of success

B.Nyamtaishir, Chairman of the Policy Committee and President of Mongolyn Alt Company or MAK, feels success in mining depends on “sticking to environmentally sound mining techniques, right from the exploration stage”, choice of the best and most apt equipment, regardless of initial cost, and use of competent and committed human resources.

Standing Committee to seek Mongolian herders views on draft law

The Standing Committee on Nature, Environment, Food and Agriculture yesterday reported that it met 15 times during the Autumn session to discuss 42 issues, including draft laws on hunting, animal classification, hunting fees, fees for animal catching permission, wild plants and air pollution reduction in Ulaanbaatar.

Mongolia may pick banks for $3 bln coal IPO by next week

* IPO could reach $5 billion depending on timing - sources
* London and Hong Kong listings being discussed - sources
* Frenzy for deal includes bar brawl, nepotism claims
* Govt to distribute 10 pct of shares to citizens - official

Seoul expands counseling for foreigners

Bayara, a Mongolian worker in Korea, and seven other Mongolian employees had to change their workplace as their employer habitually delayed paying wages.

Ivanhoe Mines announces appointments of Rio Tinto executives

Mr Robert Friedland executive chairman and CEO of Ivanhoe Mines announced that Mr Andrew Harding and Ms Kay Priestly senior executives of Rio Tinto’s copper division have been appointed to the Ivanhoe Mines Board of Directors.

Food Prices at Dangerous Levels: World Bank Chief

World Bank chief Robert Zoellick Tuesday said global food prices have reached dangerous levels that could complicate fragile political and social conditions in the Middle East, and warned that their impact also bears watching across Central Asia.

Coking Coal Supplies Tighten Further

CAPE TOWN, South Africa -- Severe and widespread flooding several weeks ago in Queensland – Australia’s main coal producing region – sent shock waves through the already under-supplied coking coal market.

Claiming Genghis Khan

Mongolians have been known to say that Genghis Khan wasn’t a bad man — he just had bad press. He didn’t just rape, pillage and plunder, he united the Mongolian nation and created an empire that, at its zenith, stretched to the Danube River.

Uranium Chronicles of Mongolia

Khan Resources Inc. (TSE:KRI) continues to create headlines in a saga of operational impediments which investors and observers have followed as they have been developing and escalating for more than a year.

Tuesday, February 15, 2011

No Mineral Exploration License Issuance Till April 30

The Parliament of Mongolia approves the Law to Extend the Term for the Law to Temporarily Suspend the Issuance of New Mineral Exploration Licenses.

The Mongolian Mineral Resources Authority starts receiving compensation claims

The compensation will cover expenses since the year when the license was granted.

PM Batbold to Visit Singapore and Australia

The Prime Minister of Mongolia Batbold Sukhbaatar is to pay official visits to Singapore and Australia on February 16-24 as the guest of his Singaporean and Australian counterparts.

Mongolian PM stresses need to be serious on creating employment

The Government of Mongolia has announced 2011 will be a year of employment support to raise household income and to increase national production.

The Gobi: Mongolia's desert playground

Mongolians have a word for it: zud. A zud is a winter so harsh that animals cannot feed through the frost and ice encrusting the steppe.

Mongolia Wants Intergov’t Commission with UAE

Mongolia’s Deputy Premier M.Enkhbold said so when he met with a delegation from the United Arab Emirates in Ulaanbaatar.

The Unseen of Mongolia

Pedestrian friendliness within Ulaanbaatar is not without its hazards and in fact becomes an obstacle course reminiscent of a mine field.

Mongolia's ninja miners cash in on resources

ZAAMAR, Tuesday 15 February 2011 (AFP) - In the dead of winter, Chuluuntsetseg sits by the banks of the Tuul river west of the Mongolian capital Ulan Bator, pouring boiling water over rock sediment in a green plastic tub.

Monday, February 14, 2011

Aspire Mining Limited (ASX:AKM) Ovoot Coking Coal Project 2011 Exploration Drilling Commence In February

Sydney, Feb 14, 2011 (ABN Newswire) - Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) ("Aspire") has engaged a drilling contractor for the 2011 season and a drill rig is expected to be mobilised to site by the end of February 2011.

Mongolian Standing Committee on Justice to work in Darkhan-Uul

The Chief of the Standing Committee on Justice, D.Odbayar, and MP B.Bat-Erdene reported to journalists what the committee had done during the Autumn session of Parliament.

US professor to lecture on Wildlife and Travels in Mongolia

The Barnes County Historical Society in North Dakota 13 will present an illustrated lecture on Wildlife and Travels in Mongolia by Valley City State University professor Don Hoff on February 17.

Mongolia Growth Group Ltd. Publishes First Monthly Letter to Shareholders

Mongolia Growth Group Ltd. Publishes First Monthly Letter to Shareholders

Research project captures and collars 36 saiga calves in Western Mongolia

B. Bayarbaatar has sent in his latest update on the progress of his saiga research in Mongolia.

Works of Mongolian parliamentary standing committee on social policy and education

Head of the Mongolian parliamentary Standing committee on social policy, education, culture and science D.Ochirbat MP has given a report to media on the works of the Standing committee done during the regular autumn session of the State Great Khural for 2010, and on activities to be realized.

Friday, February 11, 2011

Notice sent to miners failing in environmental rehabilitation

A survey by the Ministry of Nature, Environment and Tourism and related organizations reveals
that 81 sites covering over 2,100 hectares in 15 provinces were not rehabilitated in 2010 by mining companies following exploitation.

Mere Cash for Cashmere

The cashmere industry in Mongolia is facing many challenges. These challenges range from outside forces such as globalization, the market, and trade. Inside forces such as the environment and the government are also affecting the cashmere industry in Mongolia.

Miners hope to export 30 million tons of coal

In 2010, Mongolia earned more from its export of 18 million tons of coal than it did from selling copper concentrate.

Party splits, mergers bode well for Mongolia's democracy

The renaming and subsequent split of the governing Mongolian People’s Party, the merger of the Civil Will Party with the Green Party, and current discussions about changes in electoral laws suggest a maturing of the party system in Mongolia, which is Asia’s only post-socialist democracy, and also one of the few on the continent.

Mongolia Energy Declines Most in More Than a Year

Mongolia Energy Corp., the mineral and energy explorer, declined the most in more than a year in Hong Kong trading after the company was removed from the MSCI Hong Kong Index.

Mongolia to start uranium exploration next year

Prime Minister S. Batbold has told Parliament that Mongolia plans to commence uranium exploration by 2012. “With nearly one million tons of reasonably assured reserve of uranium, we need to speed up production to make uranium the most ambitious mining project in Mongolia after Oyu Tolgoi and Tavan Tolgoi,” he said.

Aspire appoints CFO and operations GM

PERTH (miningweekly.com) − Mongolia-focused coal explorer Aspire Mining has appointed Phil Rundell as CFO and Fergus Campbell as GM of operations to bolster the company as it brings its Ovoot coking coal project into production.

Free treatment for poor people in Mongolia

The Ministry of Health is implementing a project to provide affordable health care to poor citizens in cooperation with the General Office of Social Insurance (GOSI)

Minimum wage rate must in Mongolia be increased

Mongolian Labor Union requested the minimum wage to be raised

North Korea Holding Back Mongolia Growth?

Interview of Park Se Il of the Hansun Foundation

Mongolian wildlife subject of lecture

The Barnes County Historical Society Lecture Series Season 13 will present “Wildlife and Travels in Mongolia” by Valley City (N.D.) State University professor Don Hoff at 7 p.m. Feb. 17.

Wednesday, February 9, 2011

Mongolia is wheat’s newest frontier

A farm run by Australian Chris Lightfoot and his Mongolian-born wife Uugana Erdene 1,000 km east of Ulaanbaatar is wheat’s newest frontier.

Kiva loan helps Ulaanbaatar meat retailer expand business

Altanchimeg Dash is 33 years old and lives in Ulaanbaatar. Since 2003, with the help of her husband, Altanchimeg has been operating a meat retailing business at a rented stall in Han Talst, one of the biggest markets in her town.

Genghis Khan: The Exhibition – Singapore

February 17 – April 10, 2011 at ArtScience Museum at Marina Bay Sands, Singapore

Centerra jumps on resource, reserve update

TORONTO (miningweekly.com) – Shares in Toronto-based Centerra Gold rose more than ten percent on Tuesday, after the company issued a year-end resource and reserve update and commented on the situation regarding its licences in Mongolia.

Morgan Stanley Puts Mongolian Princeling to Work

Managers of Mongolian state-owned companies have likely been especially alert at meetings with certain bankers recently.

And now, what about a nice property in, "Mongolia"!!

Ok, I know what you are thinking, Mongolia, don't they live in Yurts and ride horses? Well, yes, but also they happen to be riding high on a boom caused by the wealth of mineral reserves found to be in the country.

GTSO Enters JV Agreement with Rare Earth Exporters of Mongolia

Green Technology Solutions, Inc. (OTC BB: GTSO.OB) announced today that it has entered into a joint venture agreement with Rare Earth Exporters of Mongolia (REE) in order to procure rare-earth mining claims and operations in the developing Asian nation.

Puget Ventures Announces the Appointment of Igor Kovarsky as Executive Vice President of Puget Ventures/Global Cobalt Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2011) - PUGET VENTURES INC. (TSX VENTURE:PVS) is pleased to announce the appointment of Mr. Igor Kovarsky to the newly created position of Executive Vice President of Puget Ventures Inc. as of February 1.

My Mongolian adventure

I've had a cracking start to the year, with my portfolio of shares up 5.5 per cent since the beginning of January, against a fall in the FTSE All-Share index of 0.28 per cent.

Prophecy Obtains Full Mining License for its 141-million-tonne Chandgana Tal Coal Deposit, Mongolia

Vancouver, British Columbia, February 8, 2011: Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2) reports today that it has received the full mining license from the Mineral Resources Authority of Mongolia for the Chandgana Tal (“Tal”) Deposit in Mongolia.

Banks in Mongolian coal ‘gold rush’

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Tuesday, February 8, 2011

93 Projects for the capital of Mongolia in 2011

Some 93 types of work awaits Ulaanbaatar city this year, construction and design will require a capital, says the UB city Mayor G.Monkhbayar obliging authorities of the city’s districts to collaborate with the City’s Investment Department and the State Fund.

MICROCAPITAL BRIEF: responsAbility Social Investments Makes Loans Totaling $12.5m to Belarusian Bank for Small Business (BBSB) of Belarus, Khan Bank of Mongolia, XacBank of Mongolia

responsAbility Social Investments AG, an investment company based in Switzerland, recently invested USD 12.5 million across three financial institutions based in Belarus and Mongolia.

ABB Secures US$15m Power Transmission Order in Mongolia

Power and automation technology group ABB has secured an order worth US$15million from Mongolian mining company Oyu Tolgoi to enhance the capacity of existing transmission lines.

Mongolian First Statehood Anniversary Inaugurated

President Elbegdorj issued on October 15 2010 a decree to commemorate the 2220th anniversary of the Mongolian Statehood.

Mongolian delegation take steppes to trade links

IT is an area best known for being one of the most remote places in the world, once ruled by Genghis Khan and home to the Gobi Desert.

Mongolia Clinch Silver and 4 Bronze Medals in Asian Winter Games

Mongolia ranked the fifth place with one silver and four bronze medals in the 7th Asian Winter Games which took place in Astana-Almaty, Kazakhstan from January 30 until February 6, 2011.

Mongolia Economic Forum in March

Following the success of the first Mongolia Economic Forum (MEF) in 2010, the MEF NGO is to host the Mongolia Economic Forum 2011 to provide a creative platform for constructive debate and discussion about important issues impacting Mongolia’s economic growth yet again.

CAML's Ereen licences taken off Mongolia 'revoke' list

Mongolia has removed Central Asia Metals' Ereen licences from a list of licences liable to be revoked.

Mongolia explorer Xanadu agrees joint venture with Noble Group

Xanadu Mines said Friday it has entered into a strategic alliance with major commodities trader Noble Group to explore and develop coking coal, iron ore and ferroalloys opportunities in Mongolia.

Centerra Gold increases reserves by 1.7 million ounces to 8.2 million ounces

TORONTO - Centerra Gold Inc. (TSX:CG) increased its gold reserves Monday by 1.7 million ounces to 8.2 million ounces of proven and probable open pit reserves and increased the expected life of its Kumtor mine in the Kyrgyz Republic.

Russia blocks litigation claim against ARMZ – Khan

TORONTO (miningweekly.com) – Russian authorities have blocked a litigation claim by Canadian junior Khan Resources against Russian State-owned uranium miner Atomredmetzoloto (ARMZ), the TSX-listed company said on Monday.

Monday, February 7, 2011

FCO - Change of Her Majesty's Ambassador to Mongolia

Miss Thorhilda Mary Vivia Abbott-Watt has been appointed Her Majesty's Ambassador to Mongolia.

Chinese investment in Mongolia

An uneasy courtship between Goliath and David
The investment and trading relationships between China and Mongolia seems like a marriage made in heaven ... but is it ?

Coal stoves coat Mongolian capital in smog

ULAN BATOR — As her seven children scamper in and out of the small door of their traditional felt hut in Mongolia's capital Ulan Bator, Narantuya sits over the stove, pouring blocks of black coal onto the fire.

Hunnu’s initial JORC resource for Mongolian coking coal project

Hunnu Coal (ASX: HUN) has announced an initial Coal Resource to JORC Code reporting standards for the Tsant Uul Coking Coal Project.