Tuesday, May 31, 2011

Ethnic unrest in prosperous Mongolia worries Beijing

CALLS for justice by Mongols have shattered the calm in the resource-rich, prosperous borderland of northern China to which the leadership in Beijing has grown accustomed.

Monday, May 30, 2011

Miner aims to clean up with washed coal business

Mongolia Mining Corp (0975) aims to boost annual revenue by 1 times to about US$700 million (HK$5.45 billion) by doubling production and launching a washed coal business.

China to Change Mine Rules After Mongolia Unrest

China’s Inner Mongolia Autonomous Region said it will take measures to improve the mining industry, part of new rules following protests by ethnic Mongolians sparked when a coal truck ran over a herdsman.

Weaker dollar boosts copper prices

Copper rose to its highest in three weeks on Friday, reversing losses in the previous session, as a weaker dollar boosted prices.

Welcome To The Yurt Of The Future

There is good news for Mongolian nomads on both sides of the Russian-Mongolian border: Your centuries-old traditional dwelling is about to receive a welcome upgrade.

Ohio wildlife center offers yurts for sleepovers

CUMBERLAND, Ohio (AP) — You dine by the light of an outdoor fire, sleep in a yurt and wake up for a safari to see antelope, zebras, rhinos, giraffes and camels.

China to establish rare earths exchange

BEIJING: China's largest rare earths producer has said it has won official approval to set up the nation's first exchange for the coveted minerals, in a move analysts said would further regulate the market.

Paid to follow their dreams

Travel Award: Recent UPS graduates Margaret Shelton and Jacki Ward have each won a fellowship to pursue their passion around the world for a year.

Oleg Deripaska Loses Fear And Favour Value In Mongolia, Ukraine, Russia Too

Oleg Deripaska has been losing ground to Russian rivals in Mongolia, and is facing unprecedented administrative sanctions in Ukraine and Russia.

Mongolian president to visit Russia

Mongolian President Tsakhiagiin Elbegdorj is arriving in Russia on an official visit on Monday.

Friday, May 27, 2011

Russians Request “Asgat” be Removed from Strategic Deposit List

Russian delegation participating in Mongolia-Russia Government-to- Government JV consultative meeting, or “Soviet”, had requested “Asgat” silver deposit be removed from Strategic Deposit List of Mongolia.

COAL MINERS SHOULD NOT BUILD SEPARATE ROADS FOR THEMSELVES BUT UNITE CAPITAL AND RESOURCES AND BUILD ONE ROAD, MINERS WHO DON'T CONTRIBUTE SHOULD BE EXPELLED

Government of Mongolia (GOM) stated on May 25, 2011 on coordination of productive development in Gobi by united policy

Severe Diesel Shortage to Disrupt Mining Companies Exports

Russia, the primary supplier of fuel to Mongolia, has substantially cut fuel exports to Mongolia for the month of May.

Excavation Underway for GTSO’s First Rare Earth Shipment to S. Korea

SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions, Inc. (OTCQB: GTSO) announced today that excavation is underway in Mongolia for the company’s first shipment of rare earth ore to South Korea.

Mongolia faces critical diesel shortage

Mongolia is running critically low on diesel after Russian deliveries failed to arrive, a development that threatens to crimp mining activity in the resource-rich country.

Mongolia, Ukraine Discuss Trade, Economic Cooperation

The 5th meeting of the Intergovernmental Ukrainian-Mongolian Commission for Trade-Economic and Scientific-Technical Cooperation is taking place in Ulaanbaatar, Mongolia.

Ex-Banker Wants You to Trade Wall Street 'Misery' for Mongolia

May 27 (Bloomberg) -- Former Merrill Lynch & Co. banker Mike Howe is moving to New York to help bored finance workers escape Wall Street for far-flung jobs and adventures, from Mongolian venture capital to African charities.

NATO Visit to Mongolia Heralds A New Global Role

NATO’s Deputy Assistant Secretary General for Political Affairs and Security Policy of Alliance, James Appathurai, and his delegates visited Mongolia for the first time ever at the invitation of the Mongolian Defence Minister, Luvsanvandan Bold on 26-27 May.

Vietnam, Mongolia cooperate in writing

(VOV) - The Vietnam and Mongolia Writers’ Associations signed a cooperation agreement in Hanoi on May 26.

Investment focus: news and views

Investing in... Mongolia

What is the fund?

The Saudi Arabia of Coal

05/25/11 Gaithersburg, Maryland – Last year, something important happened in the coal markets. China actually imported coal for the first time.

Mongolia and NATO hold High-level talks in Ulaanbaatar

The NATO Deputy Assistant Secretary General for Political Affairs and Security Policy, Mr. James Appathurai, travelled to to Ulaanbaatar from 25-27 May 2011 for the first high-level talks between Mongolia and NATO.

Excavation Underway for GTSO’s First Rare Earth Shipment to S. Korea

Company Plans to Ship 15 Tons of Rare Elements from Mongolia to Seoul Soon.

A piece of Mongolia's mine

MONGOLIA: The underdeveloped resource-rich country is about to undergo a massive transformation – even if that does mean working with its distrusted neighbour, China

Wednesday, May 25, 2011

Commodities demand set to continue, say experts

With commodity prices booming and demand soaring, this is an exciting time to be part of the mining industry.

Mongolians to sue ČR over unaccessible work visa

A group of 90 Mongolians is planning to jointly sue the Czech Republic over the closed access to work visas for selected foreigners with work permit, daily Lidove noviny (LN) writes Monday, referring to Prague’s quotas on foreign workforce admission.

Coal demand boost as generators turn away from nuclear

As the implications of Japan’s Fukushima nuclear disaster reverberate throughout the global generation sector, coal markets are bracing themselves for an upswing in prices.

Tavan Tolgoi project appoints StanChart as FA

May 25, 2011 - basis point - Mongolia’s state-owned Erdenes MGL LLC has chosen Standard Chartered Bank as financial adviser for its roughly US$15bn Tavan Tolgoi project, the world’s largest untapped coking coal project, a source familiar with the matter said.

China Airlines donates 350 LCD monitors to Mongolian schools

The China Post news staff--China Airlines donated 350 used 15” LCD monitors to the Ulaanbaatar Trade and Economic Office in Taipei, Mongolia's representative office in Taiwan, at the inauguration ceremony yesterday of the Mongolia Culture, Education, Health and Economic Cooperation Association in Taiwan.

Benchmark coal wash plant in Mongolia

A benchmark coal wash plant in the new mining hotspot of Mongolia has hit its critical ‘lights on’ date with the help of nine Australian electrical engineers.

Copper mine output drops in Q1, supply gap could widen

Global copper mine production hit speed bumps last quarter, interrupting a growth trend that the copper industry counted on to meet strong global demand and justify aggressive expansion plans.

Ivanhoe Mines: Construction of Oyu Tolgoi copper-gold-silver complex advancing toward planned start of commercial production in the first half of 2013

Overall construction of the Oyu Tolgoi Project was 15.1% complete by the end of Q1’11, slightly ahead of the planned 14.8%. Total capital invested in the project by the end of Q1’11 was $1.8 billion.

Mongolia Growth Group Ltd. Announces Private Placement Offering

Not for distribution to U.S. newswire services or for dissemination in the United States.

Rents, Home Sales Rebounding in Mongolia

The world’s newest housing price index is trending up in 2011 thanks to rising foreign demand and increased rental returns.

Tuesday, May 24, 2011

Mongolia Rising

Historically, there has been a strong correlation between an abundance of natural resources and governance issues.

Mongolia Balances Public Opinion With Nuclear Ambitions

In recent months, news outlets in Japan and the U.S. have reported that Mongolia is negotiating with those two countries to serve as a regional depository for spent nuclear fuel.

Russia’s Vladivostok to Boom as China Cuts Mineral Exports

May 24 – The Far Eastern Russian city of Vladivostok is set to experience a boom as concerns over China’s aggressive slashing of mineral exports dictate the need for new supplies.

DHL Launches First Door-to-Door Service Linking Ulaanbaatar to Tianjin

SINGAPORE, May 24, 2011 /PRNewswire-Asia/ –
— Genghis Khan Connection offers thrice-weekly rail services along one of world’s most challenging trade routes

Labor Investigation in Oyu Tolgoi Questions Chinese Workers

The decision to employ 6949 workers from China in Oyu Tolgoi greatly upset the people of Mongolia, especially since unemployment rates have reached 40 thousand.

Is This Korean Owned Mongolian Land?

Korea’s Industry & Technology Times have reported on its website that Korea purchased 30,000 hectares of land in Khalkhgol Soum in the eastern province of Dornod.

GTSO Signs LOI to Excavate and Ship Rare Earths from 3 Sites in Mongolia to S. Korea

Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that the company signed a letter of intent with Ar Erkhes, LLC, to participate in a profit arrangement for the excavation and shipping of rare earth ore from Mongolia to South Korea.

C @ Limited kicks off exploration on coal licences in Mongolia

Perth-based C @ Limited (ASX: CEO) has commenced an interesting exploration program on the Mongolian coal licenses it currently has under an option agreement, and has mobilised a rig to commence drilling in South Gobi province.

Mongolian Music Alive and Rocking

Talking to a student at the University of Humanities today, it is easy to see the influence of Western styles on the Mongolian youth. Yet it is even easier to notice their pride in Mongolian culture everywhere.

European Mongolian Relations Blooming

The President of Mongolia, Elbegdorj Tsakhia, has received a delegation of the European Parliament led by Paolo Bartolozzi, head of the European Parliament’s Group for Central Asia and Mongolia.

OSCE-Mongolia Conference co-operation with Asian Partners

The FINANCIAL -- ULAANBAATAR, 23 May 2011 – Strengthening synergies between the 56 participating States of the OSCE and its Asian Partners for Co-operation in addressing transnational threats, such as illicit drug trafficking.

Monday, May 23, 2011

Mining fuels Mongolia's 'wolf economy'

Mongolia has always conjured a mix of exotic appeal and isolation. Sandwiched between Russia and China, Mongolia has for decades endured severe economic stagnation and political repression.

Austrade shifts its focus to emerging markets

AUSTRADE chief executive Peter Grey is used to the complex world of international trade negotiations after a career as a senior trade diplomat.

Mongolia Inaugurates Development Bank

The Mongolian Government has officially opened the Development Bank of Mongolia, with a mandate to provide policy loans in infrastructure, industry, energy and roads.

Mongolia shapes its future as commodities exporter

Mongolia is going to be a major future supplier of commodities from coal to gold to copper-and maybe even crude oil.

Australian engineers enable lights on at benchmark coal wash plant

A benchmark coal wash plant in the new mining hotspot of Mongolia has hit its critical ‘lights on’ date with the help of nine Australian electrical engineers.

Mongolia’s Ulaanbaatar to Have New International Airport

May 23 – The Mongolian government has agreed with the government of Japan on a US$270 million soft loan, repayable over 40 years at a rate of just 0.2 percent to build a new airport to service Mongolia’s capital, Ulaanbaatar.

Hunnu buys controlling stake in Mongolia coal JV from Rio Tinto

PERTH (miningweekly.com) − Mongolian coal developer Hunnu Coal has paid $40-million for Rio Tinto’s 70% stake in the Altai Nuurs coal joint-venture (JV) project, in the Gobi Altai province in Mongolia, the company announced on Monday.

Thursday, May 19, 2011

Khan Resources stranded in the bitter Mongolian cold

Underneath the endless brown steppe in the remote northeastern corner of Mongolia, known as Dornod, lies a vast store of uranium.

Austrade to focus on emerging markets, rationalise North American and European networks

Export advisors have backed reforms to the Australian Trade Commission that will see the agency shift resources from Australia, North America and Europe and focus on emerging markets, as the agency seeks to beef up its international market and focus on export-ready companies.

Petro Matad spuds Davsan Tolgoi-5 well in Mongolia

Oil explorer Petro Matad has commenced drilling operations at the Davsan Tolgoi-5 (DT-5) exploration well in Block XX, Mongolia.

Ohio wildlife center offers yurts for sleepovers

Dine by the light of an outdoor fire, sleep in a yurt and wake up for a safari to see antelope, zebras, rhinos, giraffes and camels.

There are over 4,000 registered Chinese construction workers in Mongolia

The total number of chinese construction workers currently in Mongolia could well exceed 30,000.

Risky Rare Ore Shipment from Mongolia to Be Streamed Live on Internet by GTSO

Green Technology Solutions (News - Alert) (GTSO) announced on May 17 that it will offer a live video feed via satellite of the beginning, transit, and delivery of its first shipment of rare earth ore from Mongolia to South Korea, a staunch U.S. strategic economic and military ally.

Monday, May 16, 2011

Tserendorj Street Redevelopment project starts in Ulaanbaatar

Public work in the city centre dispels rumours of 40K building to be destroyed. As the city of Ulaanbaatar launches a large redevelopment of the city centre area projects, the 40K area is set to keep up its price appreciation.

Entree Gold Announces First Quarter 2011 Results

VANCOUVER, BRITISH COLUMBIA — Entree Gold Inc. (TSX: ETG)(NYSE Amex: EGI)(FRANKFURT: EKA) ("Entree" or the "Company") has today filed its interim operational and financial results for the first quarter ended March 31, 2011.

Vast Mongolian shantytown now home to quarter of country's population

More than 700,000 people, many of them ex-herders and their families, now crowd the gers sprawling north of Ulan Bator.

‘Nouveaux riches’ develop a taste for luxury in Mongolia

In the 13th century, Mongol emperor Kublai Khan and his harem sported silk gowns, fur cloaks and jewel-encrusted head ornaments at their home — the legendary pleasure palace in Xanadu.

Ivanhoe gearing up for construction of main project, posts US$492.5-million loss

SINGAPORE - Ivanhoe Mines (TSX:IVN) reported a US$492.5 million net loss in the first quarter, primarily due to the revaluation of a derivative security as the company worked on building the huge Oyu Tolgoi copper-gold-silver complex in Mongolia.

SouthGobi Resources Q1 loss narrows on higher prices

May 12 (Reuters) - Canadian Coal miner SouthGobi Resources Ltd posted a narrower quarterly loss, helped by an increase in selling price for coal.

Mongolia more booby prize than trophy for the LSE

Quite a lot has happened since the London Stock Exchange in February announced a "merger" - the term is in dispute - with the Canadian bourse operator TMX.

Mongolia Targets $700 Million in Debut Domestic Bond Sales From This Month

Mongolia’s newly created development lender is aiming to sell $700 million of domestic-currency bonds in 2011, with sales scheduled to begin this month, the bank’s chairman said.

MoMo Project For Judicial And Efficient Water Management In Mongolia

Mongolia is a nation with extreme climatic conditions and diverse demographics. The whole of the desert country boils in the summer whereas the winter brings chilly cold conditions to the region.

Country of the Khans

Meet modern Mongolia—a mishmash of PlayStations, yurts, heavy metal, teenage shamans, Genghis Khan toilet paper, fried meat, and ancient glory.

Thursday, May 12, 2011

Power transmission in Mongolia losses reduced

Losses during electricity transmission and distribution in the central region of Mongolia were brought down 19.4% in the one year since April, 2010.

Cashmere issue in Mongolia discussed

The Standing Committee on the Economy today discussed a proposal of the Government asking for MNT110 billion to support the wool and cashmere sector in Mongolia, at a time when world demand for cashmere is on the rise.

Altai Cashmere withdraws its name from loan list

Altai Cashmere LLC, owned by Prime Minister S.Batbold, has withdrawn from Mongol Negtgel, an umbrella organization of cashmere producers, following the controversy over low-interest Government loans to companies in the sector from money raised through sale of bonds.

Chinese company bids on the Ulaanbaatar metro system

As Ulaanbaatar gets ready to commission its first Subway system, who will get to build it?

Ivanhoe Energy Q1 loss widens on higher costs

May 11 (Reuters) - Canadian heavy oil producer Ivanhoe Energy Inc posted a wider quarterly loss hurt by higher costs.

Denison Mines reports first quarter 2011 net loss of $7.1 million

TORONTO - Denison Mines Corp. (TSX:DML) says it had a net loss of US$7.1 million dollars, or two-cents per share, for the first quarter.

Guildford Coal in trading halt pending 'exploration results' announcement

Guildford Coal (ASX: GUF) has been granted a trading halt by the ASX pending an 'exploration results' announcement by the company.

SouthGobi Resources Announcement Regarding Fuel Supply Issues in Mongolia

SouthGobi Resources Ltd.(TSX:SGQ)(SEHK:1878), (the "Company" or "SouthGobi"). Russia, the primary supplier of fuel to Mongolia, has substantially cut fuel exports to Mongolia for the Month of May.

Mineral-rich Mongolia plans to issue first sovereign bonds

Mongolia plans to issue its first sovereign bonds this month, marking a milestone for capital markets in this resource-rich democracy.

Mongolia denies talks on taking US,Japan nuke waste

(Reuters) - Mongolia has not been in talks about importing nuclear waste from other countries, its embassy in Vienna said, after a report that Japan and the United States planned to build a spent nuclear fuel storage facility there.

Wednesday, May 11, 2011

Mongolia traded with 107 countries

In the first 4 months of 2011, Mongolia traded with 107 countries, a total external trade turnover reached 2746.8 million US dollars, of which exports made up 1,162.7 million US dollars and import made up 1,584.1 million US dollars.

Passengers carried by railway increased

In the first four months of 2011, 5,581.7 thousand freight and 1,143.6 thousand passengers (double counting) were carried by railway transport.

Planting begins in Mongolia

Spring planting in Mongolia officially begins today, and the Ministry of Food, Agriculture and Light Industry hopes it will be over in two weeks.

175,000 people work in Mongolia on Day of Public Labor

Last Saturday was the Day of Public Labor in Mongolia.120,000 people of province organizations and 55,000 people of Ulaanbaatar city organizations marked the day.

Mongolia, Japan deny plan to set up nuclear waste storage facility in Mongolia

ULAN BATOR, May 11 (Xinhua) -- Mongolian foreign minister G.Zandanshatar and Japanese Ambassador to Mongolia Kidokoro Takuo have denied the possibility of setting up nuclear waste storage facility in Mongolia, local media reported on Wednesday.

Asian doctors tour hospital

Rotary sponsors exchange with Hong Kong, Mongolia.

Khan Files Second Quarter 2011 Financial Results

ORONTO, ONTARIO -- (Marketwire) -- 05/10/11 -- Khan Resources Inc. (TSX: KRI) ("Khan" or "the Company") announced today that it has filed its financial statements and management's discussion and analysis for the three and six month periods ended March 31, 2011 on SEDAR and has posted these documents to its website www.khanresources.com.

Mongolia’s prospects bright, only with proper fiscal management: World Bank

The World Bank has said in its latest quarterly report that Mongolia’s economic prospects in the medium term look excellent from the perspective of both growth and fiscal management.

Korean presence being felt in Ulaanbaatar

ULAANBAATAR ― Visitors in Korea often mention an overwhelming Western influence in Seoul.

World Bank Provides Assistance to Mongolia to Support Investments in Infrastructure

The FINANCIAL -- WASHINGTON DC, May 10, 2011 – Today, the World Bank ’s Board of Executive Directors approved an investment credit of US$25.0 million for the Mining Infrastructure Investment Support Project (MINIS).

SouthGobi facing fuel shortages in Mongolia

May 10 (Reuters) - Coal miner SouthGobi Resources Ltd (SGQ.TO) warned on Tuesday that it is facing fuel shortages and may have to curtail operations following Russia's recent move to curb fuel exports.

Younger Tyrannosaurs Relied on Speed not Power for Food

Younger tyrannosaurs and similarly built species of dinosaur probably relied on speed and agility, rather than sheer power like their parents, to find their food.

Tuesday, May 10, 2011

Mining Companies Given Notice of Termination of Licenses

According to the information received from the Mineral Resources Authority of Mongolia, there are 5234 mining licenses which are valid in Mongolia.

Oscar Mendoza: MGL Was Able not Only to Recover, but Clearly Outperform the Rest of the Countries

The UB POST is acting as a media sponsor for a conference called “MONGOLIA:Capital Raising & Investment” scheduled in early June of 2011.

Mongolian Movie Becomes the Top Fashion Movie of Asia

“Fashion Asia 2011 Award Presentation Ceremony” was held in the night of April 25th 2011, in Dalian, China (Lushun) together with the International Cherry Blossom Festival.

Mongolian Students Wins Medals at the World School Chess Championships

From Mongolia, eight chess players participated in the championship and a Mongolian girl T.Monkhzul with a scores seven won the silver medal in age category-9.

Mongolia Joins the Celebration of World War II Victory Day

Russia and other former Soviet republics marked the 66th anniversary of World War II victory over Nazi Germany on May 9th.

Mongolia Attends the Global Sports Management Summit

An official of the government’s implementing agency for physical culture and sports, Ch.Naranbaatar and other Mongolian officials participated in the Global Sports Management Summit, which took place from April 29th to May 1st, in Taipei city of Taiwan.

Mongolian Film Qualifies to Compete in the Cannes Film Festival

A Mongolian short film called “Dream” by director Ch.Khoroldorj, is to compete in the Cannes Film Festival. Never before was a Mongolian film been selected to compete in the Cannes Festival in the history Mongolian film industry.

Mongolia, Sri Lanka and Iraq: the growth states of 2050

In an otherwise moribund economy, recent years have witnessed one area of runaway growth: the creation of quirky acronyms to describe the next hotspots of emerging world development.

Science news tidbits

Researchers working in the western Gobi Desert in Mongolia have discovered the almost complete skeleton of a tyrannosaurid dinosaur that was less than 3 years old when it died, younger and smaller than any previously known.

Mongol Bank: Mongolian to USD exchange rates will decrease

The Mongol Bank has made a currency swap contract with the China Central Bank to support Yuan procurement.

Coal the Most Important Mineral Resource of Mongolia

Mongolia is a nation with rich resources, including –copper, gold, iron ore, molybdenum, oil, phosphates, tin, uranium, tungsten- and coal. Its ample mineral wealth has earned it the nickname of “Saudi Arabia of Central Asia.”

U.S., Japan Deny Plans to Send Spent Nuclear Fuel to Mongolia

WASHINGTON—The U.S. and Japan confirmed Monday that they have held discussions with Mongolia about nuclear waste management, but both denied that they have any plans to send their spent nuclear fuel to the lightly populated Asian nation.

Monday, May 9, 2011

Fuel price rise reduced by MNT30 in Mongolia

Petroleum importers increased fuel prices by MNT80 per liter from May 1.

BUSINESS DEVELOPMENT CENTER OPENS IN PROVINCE

The Business development center has opened in Dalanzadgad soum of Omnogobi aimag. Aim of the center is to support and train the local businessmen who want to become suppliers of the Oyutolgoi LLC.

Bonus for doctors, nurses working in Province in Mongolia

Amendments to the law on health that Parliament adopted on Wednesday provide for doctors and nurses in aimag and region centers to be paid bonus equal to six months’ salary every five years.

KDB: Korea’s flagbearer in international financing

For more than 40 years, the Korea Development Bank has built up a reputation as a core Korean bond issuer in the global capital market.

Children’s Unions get computers from UNICEF

These have been donated by UNICEF and will be distributed to all 21 aimags in Mongolia also.

Afghanistan worst place, Norway best to be a mom: study

WASHINGTON, USA (AFP) — Afghanistan is the worst place in the world to be a mother and Norway is the best, an annual report released Tuesday said.

Operation Tatar

Slickly made bank robbery comedy that's far from the traditional image of Mongolian-set movies. Asian and genre festivals, plus niche TV.

Chinese pay price for world's rare earths addiction

Peasant farmer Wang Tao used to grow corn, potatoes and wheat within a stone's throw of a dumping ground for rare earths waste until toxic chemicals leaked into the water supply and poisoned his land.

Voyager to acquire second major porphyry copper project in Mongolia

Voyager Resources (ASX: VOR) has entered into an agreement to acquire up to 80% of the Khul Morit Copper Project in the Gobi Region of Mongolia.

Bankers chase a new era emerging in Mongolia

Unlike most of the world, Mongolia is in the middle of a stock market boom. Its main index was the fastest-growing in the world last year, up by 132%. It doubled in size again in the first three months of this year, before falling by 50%, but is still 50% higher than it ended 2010.

Japan, U.S. negotiating construction of nuclear waste facility in Mongolia

ULAN BATOR, Mongolia -- Japan's Ministry of Economy, Trade and Industry and the U.S. Department of Energy have secretly been advancing plans to construct the world's first international storage and disposal facility for spent nuclear fuel in Mongolia, it has been learned.

Friday, May 6, 2011

Anti-air pollution work in Mongolia

An open meeting called “Smokeless Ulaanbaatar” was held yesterday at Khangarid Palace to discuss measures to reduce air pollution in the city.

AUTOMATED SYSTEM OF ELECTION VOTING IN MONGOLIA

On Tuesday, the cabinet meeting backed in principle a draft law on automated system of election balloting, and decided to convey some proposals to the bill's initiators.

CLEAN THE TUUL RIVER IN MONGOLIA

A “Public working day” is to run this Saturday. Some five thousand people--officials from the UB city administration and the unemployed from all districts--will clean the river Tuul and its surroundings, and plant trees in national garden.

"UB THERMAL POWER STATION-5" PROJECT

A Minister of Mineral resources and energy, D.Zorigt spoke about a project “Ulaanbaatar thermal power station-5” at the cabinet meeting on Tuesday.

MNCCI TO COOPERATE WITH "MONGOL-999" LLC

A cooperation memorandum has been established between Mongolia's National Chamber of Commerce and Industry and the "Mongol 999" company.

Gold myths, copper truths

Does Barrick, the world’s biggest gold digger, need to be defensive about its CAD 7.3bn offer for Canada- and Australia-listed Equinox, a copper miner in Zambia and Saudi Arabia?

Codelco Waning Copper Pressures $17.5 Billion Bet to Catch Boom

Andres Avendano steps out of his Toyota Hilux pickup halfway down a 20-kilometer-long tunnel under Chile’s Chuquicamata copper mine.

How Kiva Pushes the Envelope on ‘Green’

You’ve probably heard of Kiva, the peer-to-peer microfinance website. Founded in 2005, Kiva has earned a reputation as an innovative nonprofit:

Fade To Black

Is dirty old coal making a comeback? Maybe by default. Post-Fukushima Daiichi, support for new nukes has melted down.

Gold, Silver Drop as Soros Fund Said to Dump Precious Metals

Silver futures fell, heading for the biggest three-day drop since 2008, and gold also retreated amid a report Soros Fund Management LLC sold precious-metal assets.

BOND-ACCESS TO THE SEA

Mongolia is a geographically landlocked country but financially it has access to the sea. In order to freely sail in the international sea of finance, one should follow principles that the other countries set.

Mongolia Supreme Court says group can't register as MPRP

The Mongolian Supreme Court has declined to allow a splinter group to register as the Mongolian People's Revolutionary Party (MPRP), a title dropped by the nation's ruling party last November, local media reported Thursday.

Thursday, May 5, 2011

Sharyn Gol Update on JORC Compliant Report

Sharyn Gol Joint Stock Company (Ticker: MSE SHG MO, close today 18302MNT (14.47USD), total shares outstanding 8.5M shares, market cap 132B MNT (105M USD), performance YTD + 72.39%, YOY +381.63%, 52 week range 2700-35099 MNT, average daily turnover 56,061USD, ownership structure: 61% Firebird, local management 33%, free float 6%,most transparent and only JORC coal compliant company on MSE, good corporate governance, No.78 in TOP100 Mongolian corporates list) announced major strategic review

China builds highway into Tavan Tolgoi

It is reported that construction of a new highway linking Ganqimaodao border crossing in Inner Mongolia with Tavan Tolgoi in South Gobi is in progress aimed to further boost coal imports.

Mongolia: riskier than Belarus?

Mongolia may be the darling of the mining world and a hotspot for investors in developing Asian economies.

Wild Asses Pushed Toward Extinction

Fences and railway lines in Mongolia are cutting endangered wild asses off from their habitat, pushing the animals toward extinction, a new study finds.

Prophecy Acquires Prospective Claims Near Its Ulaan Ovoo Mine In Mongolia

Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) announces that it has entered into an Option Agreement ("Agreement") with a private Mongolian company ("Seller") holding an exploration license near Prophecy's Ulaan Ovoo mine, pursuant to which Prophecy has been granted the right to acquire 100% ownership for US$2 million within the first year, or US$4 million in the second year of the execution of the Agreement.

Mongolia Central Bank to Sign Currency Swap Deal With China

BEIJING—The central bank of Mongolia said it will sign a currency swap agreement with the People's Bank of China, paving the way for more yuan-based trade settlements.

Tuesday, May 3, 2011

Ch.Khashchuluun: “Development Bank to Issue Bonds to Raise Funds”

Mr. Ch.Khashchuluun, Chairman of the National Development and Innovation Committee and Chairman of the Board of the Development Bank of Mongolia, shares his opinion on the recent development of establishing the Development Bank of Mongolia.

International meeting on cooperatives in Mongolia begins tomorrow

The UN General Assembly has designated 2012 as the international year of cooperatives.

Good Investment or Scam: Green Technology Solutions

Due to the trade policies of China, the rare earth mining sector has been one the hottest commodity markets over the past year.

Mongolian Cultural Exhibition Being Held in Tuva

“Mongolian Folk Culture and Traditions” exhibition started on April 29th in the National Museum of Tuva, a Republic in the Russian Federation.

Mongolian President Expresses Condolences to US President

President of Mongolia Elbegdorj Tsakhia send a letter of condolence to Barack Obama, President of the United States of America, over the enormous losses caused by tornadoes and storms in the USA.

“Mongolia Open-2011” Senior Freestyle Wrestling Championship Results

Last weekend, “Mongolian Open-2011” Senior Freestyle Wrestling Championship was held at the new sport complex at Khan-Uul district.

Key political risks to watch in Mongolia

BEIJING May 3 (Reuters) - Remote and landlocked Mongolia sits on vast quantities of untapped mineral wealth, and foreign investment in a number of gigantic mining properties is expected to transform its tiny economy in the next decade.

General Electic opens office in Mongolia

General Electric Co. (NYSE: GE) opened an office in Ulan Bator, Mongolia, in cooperation with its Mongolian partner, Newcom Group.

Monday, May 2, 2011

Bank of Mongolia increases its interest rate

Bank of Mongolia (BOM) has increased policy rate by 0.5% to 11.5% today. BOM Rep has said:

Mongolian Government Wins in Court Against “Altandornod Mongol”

Russian invested “Altandornod Mongol” and “Vostokneftgaz” has lost their case against Mongolian Government in international arbitration court.

Mongolian Government Issues Guarantee for MNT800 Bln Bond for Development Bank

An agreement on ”Pre-conditions of the Mongolian Government Guarantee” was signed between the Ministry of Finance (State Secretary D.Battur) and the Development Bank of Mongolia (Chairman Ch.Hashchuluun).

MUI Corporation targets China market with option to acquire Mongolia Coal license

MUI Corporation (ASX: MUI) has explained the company’s decision to option the Inner Mongolia Coal Project license as an opportunity to acquire a project licence located in the Bayanhue formation, in a proven coal, oil and gas basin.

Subsidy to coal companies to continue in Mongolia

The Government meeting on Wednesday discussed several measures in the energy sector and approved a long-term plan for its development.

Centerra profit rises, declares special dividend

TORONTO (miningweekly.com) – Centerra Gold increased first quarter earnings by 10%, after higher bullion prices more than offset a decline in gold sales, the company said on Friday.

Scraping Out a Living at Mongolia’s Oldest Mine

It was once the country’s only coal mine, but Nalaikh’s hard-to-reach coal attracts little international or government interest these days.

Turner’s Top Channels in Mongolia on Univision’s IPTV Platform

Turner Broadcasting System Asia Pacific has launched a selection of its top channels in Mongolia, a groundbreaking agreement with the country’s first IPTV operator, Univision.

Czech Republic Holds Mongolian Independence Day Celebrations

The “Mongolia’s spring” 15th annual sport festival was held among the Mongolians who work and study in Prague, Czech Republic.

Airspan Announces Ulusnet Mongolia 4G Network Expansion

Delivering 4G Broadband Services to Mongolian Residents and Businesses

China pays price for world's rare earths addiction

BAOTOU, China — Peasant farmer Wang Tao used to grow corn, potatoes and wheat within a stone's throw of a dumping ground for rare earths waste until toxic chemicals leaked into the water supply and poisoned his land.

bd's Mongolian Grill Contracts with Hocking Media Group

The Hocking Media Group, a media buying and planning agency, and bd's Mongolian Grill, a leading restaurant chain with 35 locations in 13 states, today announced Hocking Media Group will handle media planning and buying for the restaurant chain.