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Showing posts from November, 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.

PRESIDENT RECEIVES AMBASSADOR OF FRANCE

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

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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

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

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.

RECEPTION HELD IN AUSTRALIA

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.

UNIVERSITY TO COOPERATE WITH RIO TINTO

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

"FUTURE MONGOLIA 2012" EXHIBITION EXPECTED

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

COMPANY GOVERNANCE WILL BE CONSIDERED

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

"MONGOLIA ITF 2011" TO TAKE PLACE

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

VOLUNTEERS TO WORK AT NAT'L EMEREGENCY MANAGEMENT AGENCY

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.

INT'L MARITIME ORGANIZATION CONVENES

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

UNIDO CONFERENCE CO-CHAIRED BY MONGOLIAN BEGINS

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

MONGOLIA-HUNGARY CONSULTATIVE MEETING RUNS

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

MPP SELECTS ITS SECRETARIES

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.

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.

PRESIDENT'S PRIZES GO TO YOUNG SCHOLARS

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

PARLIAMENTARY OFFICE WILL RUN SOME MEASURES

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

AUSTRIAN JOURNALISTS CLUB WANTS TO COOPERATE WITH 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

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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

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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.

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.

NAT' DEMOCRATIC PARTY HEAD IN CHINA

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 .

"PARTNERSHIP COOPERATION IN REDUCING DISASTER RISKS" SEMINAR RUNS

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.

PROGRESS UNCLEAR ON TT IPO

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 RE Google spearheaded various projects and made investments in companies working on potentially ‘breakthrough’ technologies, including $168 million for a solar tower project in California and geothermal mapping. As part of its broader renewable energy programme Google has made several investments totaling more than $850 million in the US and Germany.

Rio Tinto, 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.

MONGOLIA MAY HELP SET UP NUCLEAR WEAPON-FREE STATUS IN MIDDLE EAST

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 http://www.manaspetroleum.com About Manas Petroleum Corp. Manas Petroleum is an international oil and gas company with primary focus on exploration and development in South-Eastern Europe, Central Asia and Mongolia. In Albania, Manas participates in a 1.7 million acre exploration project through its equity interest in Petromanas Energy Inc., a Canadian publ

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.

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.

MONGOLIA ESTABLISHES DIPLOMATIC TIES WITH ANDORRA

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.

NAT' DEMOCRATIC PARTY HEAD IN CHINA

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.

UNDP OPENS FINANCIAL DATA TO PUBLIC

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.

OPEN DOOR DAY IN STOCKHOLM APPROACHES

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

Y.AMANO:MONGOLIA MAY HELP SET UP NUCLEAR WEAPON-FREE STATUS IN MIDDLE EAST

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.

CABINET NEWS IN BRIEF

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

ABOUT IMPLEMENTATION OF GOVERNMENTAL WORKS

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.

SIX FLYOVERS WILL BE BUILT

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.

ROADS TO BE CONSTRUCTED THROUGH OPEN TENDERS

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.

AMBASSADORS OF EU TO MONGOLIA ARE MEETING

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 (miningweekly.com) - 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 (miningweekly.com) – 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.

“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.

PUTIN’S PLAN FOR EURASIA

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.

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.

MONGOLIA'S HARVEST AND MINISTER'S TASK

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

ANTI CORRUPTION AUTHORITY GOT ITS HEADS

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).

"OYU TOLGOI" BOARD OF DIRECTORS MEETING WILL RUN

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

WAYS OF REDUCING CLIMATE CHANGE IMPACT CONSIDERED

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.

"NATURE" PUBLISHES ARTICLE OF MONGOLIAN SCIENTIST

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

TAXATION INSPECTORS ATTEND TRAINING

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.

MONGOLIAN DELEGATES VISIT ITALY

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.

DRAFT RESOLUTION APPROVED

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.

S.BATBOLD RECEIVES FINANCE MINISTER OF KUWAIT

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

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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.

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.

CABINET WANTS TO APPOINT SOME AMBASSADORS

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

HEALTH INSURANCE PREMIUM PERCENTAGE CHANGED

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.

MINISTER ABOUT "NEW RAILWAY" PROJECT

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.

WHAT OTHERS SAY ABOUT US

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.

ROUND TABLE IN VIENNA, MONGOLIA TAKES PART

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.

"COUNTRIES ARE DEVELOPING GREEN ECONOMY STRATEGIES"

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.

CN Coal Project Due Diligence Step-Out Drilling Intersects Coal in 7 out of 8 Drillholes

VANCOUVER, Nov. 16, 2011 /PRNewswire via COMTEX/ -- TSX-V SYMBOL: LKY www.luckystrikeresources.com

Mongolian scholar to take part in Antarctic expedition

L.Dugerjav, a science professor and head of the Antarctic Association of Mongolia, talked about his upcoming participation in an Antarctic expedition at a press conference at the Mongol News Agency on Tuesday.

Kincora Copper excited by exploration results from Buyant licence in Mongolia

Kincora Copper ( CVE:KCC ) has revealed exploration results from the Buyant licence.

Mongolian Wind Farm to Use GE Turbines

SHANGHAI—General Electric Co. on Thursday said its turbines will be used on a Mongolian wind farm being built by Newcom LLC, a diversified company based in the northeast Asian country.

Mining firm eyes Mongolian cash

Junior mining companies must go where the money is when searching for capital.

Mongolia to use artificial urban glaciers for summer AC

Providing air conditioning to an entire city is no easy task, especially if that city is located in central Mongolia.

“Partnership for Development” forum to be held

The National Development and Renovation Committee, State Property Committee, Mongolian National Chamber of Commerce and Industry, Employers’ United Association, and German Cooperation Association are jointly organizing a national forum on public-private cooperation called “Partnership for Development” in the Government House on December 3.

ACA investigating aimag and soum officials

The Anti-Corruption Authority (ACA) is investigating two aimag governors and other officials on allegations of corruption.

President considering nominees for ACA chief

After the State Supreme Court (SSC) ordered three Anti-Corruption Authority (ACA) officials convicted of corruption released from custody last month, the Standing Committee on Justice delivered a note to President Ts.Elbegdorj asking him to nominate a new head of the ACA.

Mongolia-Russia border commission discusses several issues

A Mongolia-Russia border commission held its tenth meeting in Ulaanbaatar on Tuesday. Officially known as the Sub-Council of Border Areas Cooperation of the Intergovernmental Commission of Mongolia-Russia on Trade, Economics, Science, and Techniques, the commission met at the Ministry of Foreign Affairs and Trade.

Mongolian scholar to take part in Antarctic expedition

L.Dugerjav, a science professor and head of the Antarctic Association of Mongolia, talked about his upcoming participation in an Antarctic expedition at a press conference at the Mongol News Agency on Tuesday.

Mongol Bank had deficit of MNT 145 billion in 2010

The Standing Committee on Economics discussed the income and expenditures of the Treasury Fund of 2011 on Tuesday.

N.Altankhuyag meets with UK PM David Cameron

At a meeting of the International Democrat Union (IDU) in London on Tuesday, DP Chairman and First Deputy Prime Minister N.Altankhuyag met with British Prime Minister David Cameron, who is also the head of the Conservative Party in the U.K.

Foreign ambassadors attend trade meeting in Ulaanbaatar

In connection with the 100th anniversary of the establishment of Mongolia’s diplomatic corps, the Ministry of Foreign Affairs and Trade on Tuesday held a consultative meeting called “Trade and Economic Cooperation: Mongolia and Partner Countries.”

OFFICIALS OF ASTANA IN ULAANBAATAR

Ulaanbaatar, Mongolia /MONTSAME/ A head of the administration of Ulaanbaatar city, Ts.Boldsaikhan received heads of Foreign relation department and of culture department of Astana, Kazakhstan, on November 11.

FRANCE WILL SEE MONGOLIA OF 1912-1913 YEARS

Ulaanbaatar, Mongolia /MONTSAME/ The “Mongolia in 1912-1913” color photo exhibition will run through 23 November- September of 2013 at the Albert Kahn Museum in Paris, France.

POVERTY REDUCTION ISSUES WILL BE CONSIDERED

Ulaanbaatar, Mongolia /MONTSAME/ A high level meeting themed “Poverty reduction goals, social welfare” will run on November 16 co-organized by the parliamentary Standing committee on social policy, education, culture and science, the government of Mongolia and the Ministry of Social welfare and labour.

MONGOLIA'S PEOPLE' PARTY DISCUSSES STATE BUDGET

Ulaanbaatar, Mongolia /MONTSAME/ Some investment expense reflected in the united budget for 2012 must be cut.

M.ENKHBOLD RECEIVES JAPANESE AMBASSADOR

Ulaanbaatar, Mongolia /MONTSAME/ The Deputy Minister M.Enkhbold received Takenori Shimizu, the ambassador of Japan to Mongolia on November 15.

DRAFT LAWS SUBMITTED TO PARLIAMENT

Ulaanbaatar, Mongolia /MONTSAME/ A head of the Presidential office, D.Battulga submitted draft of new wordings of the “Lawyer's legal status” and “Press freedom” laws to D.Demberel, the Speaker of parliament on November 16.

CABINET SUPPORTS ESTABLISHING AGREEMENT WITH HUNGARY

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

Operation of 73 mineral companies with special licenses terminated

State Specialized Inspection Agency checked Urt law implementation and entities which are mining gold from bench operating in eleven aimags.

Nationalism Replaces Crisis as Biggest Threat to Metal Supply: Commodities

Rising government demands for higher taxes and royalties are becoming a bigger threat to mining companies and their production than the financial crisis that’s wiped $6 trillion off stock market values since July.

BULGARIA'S CONTRIBUTION TO MONGOLIA'S OPERA

A rector of Music arts school of Mongolia's university of culture, A.Dashpeljee has taken part in celebration of the 90th anniversary of Bulgaria's State academy of Music named after professor Pancho Vladigerov.

Australian energy and climate policy ranked 22

AUSTRALIA is ranked 22nd for its energy and climate policies in a global grading topped by Switzerland.

“Golden Kangyur” displays for the 90th anniversary of National Library of Mongolia

Marking the 90th anniversary of establishing modern library in Mongolia, “golden Kangyur” (Tibetan Buddhist Sutra) was displayed in Rare and Valuable Books Museum of National Library of Mongolia on 15th of November.

Mongolia Today

Is Mongolia the next Dubai, the Road to Nowhere, or a segment of the New Silk Road?

PRESIDENT SENDS OPINIONS TO PARLIAMENT

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj sent an official letter to parliament on November 15, expressing his positions and proposals on the bill on Parliamentary elections. \

Google Maps Reveals Strange Patterns in China Desert

What's going on in the Gobi Desert?

Canadian Stocks Rise as Copper Gains: Financial Companies Drop

Nov. 15 (Bloomberg) -- Canadian stocks rose less than 0.1 percent as base-metals producers gained after copper advanced for a third day, offsetting the effect of Europe’s debt crisis on financial stocks.

Erdene Provides Project Updates and Third Quarter Financial Results

HALIFAX, NOVA SCOTIA, Nov 15, 2011 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene" or "Company") CA:ERD -2.44% , today provided an update on the Company's principal projects in conjunction with the release of its third quarter financial results to September 30, 2011.

Vice-Minister of Regional Development Visits

Mongolian Prime Minister S.Batbold has received the Vice-Minister Maxim Travnikov from Ministry of Regional Development of Russia on November 14.

IMF Chief Steven Barnett: Economic increase can’t be defined by only number, quality is important too

The following interview was with IMF Chief Steven Barnett.

Dumas and Monnis Form Strategic Alliance for Mongolian Underground Mining

TORONTO/ULAANBAATAR, 15 November 2011 - Dumas Contracting Ltd. ("Dumas") and Monnis International LLC of Mongolia ("Monnis"), a Mongolian company with leading positions in Mongolian construction, mining, geology, aviation and international freight forwarding, have entered into a strategic alliance to jointly undertake underground mining projects in Mongolia.

Mongolia dealmakers see strong pipeline

Dealmakers operating in Mongolia will find many companies looking for funding but face hurdles such as little understanding of valuation metrics and overly optimistic growth projections, industry practitioners told mergermarket.

Mongolia tests 'ice shield' to cool capital city

In an effort to fight global warming, Mongolia will try to trap part of its legendarily frigid winter weather into a giant block of ice that as it melts will help cool and water the capital Ulan Bator in the summer.

Japanese program aims to improve health care in Bayanzurkh district

Bayanzurkh district governor B.Batzorig and Japanese ambassador to Mongolia Shimizu Takenory signed an agreement on Monday.

Parliament still debating draft law on social welfare

Parliament passed a law on social welfare in 1995, but critics say it has done little to improve the lives of old people living alone, the disabled, or orphans.

French-German film festival coming to Ulaanbaatar

A French and German film festival is being held in Ulaanbaatar from November 16 to 19.

President asks Government to cancel two protocols

President Ts.Elbegdorj sent an official note to Speaker D.Demberel on Tuesday asking the Government to cancel its 229th and 243rd protocols, saying they violate the law.

MPs demanding PM’s resignation to complain to Constitutional Court

The nine MPs who have demanded the resignation of Prime Minister S.Batbold are promising to continue their fight.

In China, Google Earth reveals unidentified structures

Few roadways cross the wide expanse of the Gobi desert, but thanks to Google Earth satellite technology a few structures have been spotted dotting the arid landscape.

Ivanhoe Mines turns profit, Oyu Tolgoi on track

Ivanhoe Mines said on Monday that construction at its Oyu Tolgoi copper-gold project in Mongolia will be 70 percent complete by the end of 2011, with commercial production seen in the first half of 2013.

Resource nationalism turning nasty for miners?

As if the global mining sector didn’t have enough to worry about as it needs to work in less and less hospitable areas of the world.

IMF warns on Chinese financial system

The Chinese financial system faces “a steady build-up in vulnerabilities” that require the government to relax its grip on banks, the exchange rate and interest rates, the International Monetary Fund said in its inaugural evaluation of China’s financial sector.

Ivanhoe Says Ruling on Rio Arbitration Expected in December

Ivanhoe Mines Ltd., which owns 66 percent of the Oyu Tolgoi copper and gold project in Mongolia, said a ruling in the arbitration proceedings with Rio Tinto Group over a shareholder-rights plan is expected in December.

Mongolia bids to keep city cool with 'ice shield' experiment

Mongolia is to launch one of the world's biggest ice-making experiments later this month in an attempt to combat the adverse affects of global warming and the urban heat island effect .

Standing committee requests working group to fix budget

D.Khayankhyarvaa, the chairman of the Standing Committee on Budget, tells the newspaper Udriin Shuudan that politics has too often taken precedence over economics in the debate over the proposed 2012 state budget.

Monetary statistics released

According to the National Statistic Committee, at the end of October the monetary supply reached MNT 6 trillion, an increase of MNT 2.2 trillion compared to the end of October 2010.

Food prices going up

Following a MNT 30 increase in the price of AI-92 benzene fuel, food prices in markets are reported to be rising as well.

REVISED CIVIL REGISTRATION IS RUNNING ABROAD

Ulaanbaatar, Mongolia /MONTSAME/ According to the Intellectual property office, 26 thousand Mongolians living abroad have been registered in the revised civil registration.

INNOVATION MANAGEMENT AND TECHNOLOGY TRANSFER MATTERS DISCUSSED

Ulaanbaatar, Mongolia /MONTSAME/ A meeting on innovation management and technology transfer has been held for the second time here by Information Communication Technology and Post Authority jointly with the World Technopolis Association (WTA), UNESCO and University of Sciences and Technology.

MPP held its meeting and discussed budget for 2012

The MPP faction in the Parliament held its regular meeting today. The MPP faction discussed the proposed 2012 general budget and decided that 2012 expenditures should not exceed 2011 expenditures said U.Enkhtuvshin, head of the MPP faction.

Mongolia: Construction potential

As Mongolia marks 85 years since its building sector was formally established, intensive demand for private and public construction is creating jobs and furthering the need in the residential segment, while domestic involvement in foreign-led mining projects is adding to the overall demand in the sector.

Ivanhoe Mines Announces Financial Results and Review of Operations for the Third Quarter of 2011

SINGAPORE, SINGAPORE — Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) today announced its results for the quarter ended September 30, 2011.

Ivanhoe Says Ruling on Rio Arbitration Expected in December

Ivanhoe Mines Ltd., which owns 66 percent of the Oyu Tolgoi copper and gold project in Mongolia, said a ruling in the arbitration proceedings with Rio Tinto Group over a shareholder-rights plan is expected in December.

Guildford Coal hits milestone with 63.1Mt maiden coking coal resource in Mongolia

Guildford Coal (ASX: GUF) has confirmed an initial JORC Resource of 63.1 million tonnes of coal with coking potential at its South Gobi project in Mongolia.

Ivanhoe’s Oyu Tolgoi may need power plant sooner than planned

Ivanhoe Mines Ltd. ( IVN-T 21.490.743.57%) warned Monday that if a deal to import power from China for its Oyu Tolgoi copper and gold mine in Mongolia falls through, the company may have to construct a coal-fired power plant ahead of schedule.

Discussion on women in politics scheduled for Tuesday

Monfemnet National Network, Gender National Committee, and Women Leader Foundation are jointly organizing a discussion called “Voice – Participation – Representation” in the Piano Lounge of the Sant-Asar Center at three p.m. on Tuesday.

Minister updates Parliament on road projects

Road, Transportation and Urban Development Minister Kh.Battulga updated Parliament on current and future road construction projects on Friday.

“City of Astana Days” to be held in Ulaanbaatar

The head of the Ulaanbaatar Mayor’s Office, Ts.Boldsaikhan, received delegates from Astana, Kazakhstan last Friday.

Government to intensify regional cooperation

Prime Minister S.Batbold received M.A.Travnikov, Russia’s Deputy Minister of Regional Development, on Monday.

MPP says budget expenditures should be reduced

The head of the MPP caucus at Parliament, U.Enkhtuvshin, informed journalists about its meeting on Monday.

MONGOLIA TRADED WITH 122 COUNTIRIES

Ulaanbaatar, Mongolia /MONTSAME/ In the first 10 months of 2011, Mongolia traded with 122 countries from all over the world.

CURRENCY ISSUED IN CIRCULATTION REACHED OVER 600 BILLION TOGROG

Ulaanbaatar, Mongolia /MONTSAME/ At the end of October 2011, currency issued in circulation reached 694.9 billion togrog, decreasing 10.3 billion togrog or 1.5 percent compared to the previous month, and increasing 232.7 billion togrog or 50.3 percent compared to the same period of previous year.

REPRESENTATIVES OF DEMOCRATIC PARTY ATTEND MEETING IN LONDON

Ulaanbaatar, Mongolia /MONTSAME/ A Mongolian delegation has taken part in the International Democrat union /IDU/ Party leaders eleventh meeting themed “Strengthening freedom, democracy in 21st century”.

ADB ADVISORS TO PRESENT SPEECHES

Ulaanbaatar, Mongolia /MONTSAME/ A training themed “State and private partnership, a Concession project implementation” will run on November 15-17 co-organized by the State property committee and Asian development bank (ADB).

China iron ore imports fell to 8-month low in October despite $60 price drop

The China General Administration of Customs reported that the country’s iron ore and concentrates imports were 49.94 million tonnes in October, down 17.5% from 60.57 million tonnes in September 2011.

Chile’s Codelco says an Anglo suit could last years

Chilean copper giant Codelco’s looming legal battle with mining major Anglo American could take three to four years to be resolved, Codelco chief Diego Hernandez said in a press interview published on Saturday.

Researchers hope to reduce dust from mining operations

Mongolia’s mining sector is rapidly developing, and exports of coal and other mineral resources have increased in recent years.

Asia-Pacific kids vulnerable to climate change

According to a UNICEF report, Children's Vulnerabilities to Climate Change and Disaster Impacts in East Asia and the Pacific, children will be among those most affected by climate change.

Przewalski's wild horses gallop back to life

PRAGUE — Their galloping stocky, sandy-brown silhouettes inspired dreamy pre-historic cave paintings.

GP complains to Bayanzurkh district court

Green Party (GP) officials say they have filed a complaint with the Bayanzurkh district court demanding that MP D.Enkhbat return the party seal and certificate.

Annual fair for business women to be held November 18

The Women’s Business Council of the Mongolian National Chamber of Commerce and Industry is holding its annual fair, “Business Women and the Working Place – 2011,” on November 18.

N.Enkhbayar case to be transferred to ACA

The Economic Crime Investigation Department of the State Investigation Board is continuing to investigate the case of former president N.Enkhbayar, and the matter will be soon transferred to the Anti Corruption Authority.

"FOR WOMEN DEVELOPMENT-2011" FORUM IS RUNNING

Ulaanbaatar, Mongolia /MONTSAME/ A “For women development-2011” forum is running on November 11-12 co--organized by the Mongolian women association (under Mongolia's People's party).

OVER 60 THOUSAND GOT JOBS

Ulaanbaatar, Mongolia /MONTSAME/ Within the Year of Supporting Employment, some 64 thousand people got jobs.

GENERAL GOVERNMENT BUDGET AMOUNTED 3,474.3 BILLION TOGROG

Ulaanbaatar, Mongolia /MONTSAME/ In the first 10 months of 2011, total revenue and grants of the General Government Budget amounted to 3,474.3 billion togrog and total expenditure and net lending amounted to 3,284.6 billion togrog, representing surplus of 189.7 billion togrog in the General Government Budget overall balance.

NATIONAL CONSUMER PRICE INCREASED

Ulaanbaatar, Mongolia /MONTSAME/ The national consumer price index in October of 2011 increased by 0.8 percent compared to the previous month, increased by 6.7 percent from December 2010, and increased by 10.9 percent compared to the same period of the previous year.

Ausenco wins contract for Kazakhmys $1.8 billion copper project in Kazakhstan

Ausenco has been awarded a A$45 million Create phase engineering services contract for the $1.8 billion Bozshakol copper project owned by Kazakhmys.

Anglo American sells Chile stake direct to Mitsubishi

Anglo American plc has announced the sale of a 24.5% stake in its Anglo Sur (AAS) copper business in Chile to Mitsubishi Corp for US$5.39 billion.

Copper price surges $164/tonne on rare good news from Europe

Reuters reported that copper surged almost 2% bolstered by a weaker dollar, the better political situation in Italy and a pickup in Chinese bank lending.

Philly entomologist honored by Mongolian government

For 15 years, entomologist Jon Gelhaus has been investigating aquatic insects in Mongolia.

Thai Banpu sees Q4 coal revenue, volume close to Q3

Expects fourth-quarter coal revenue and volumes to be close to that of the third quarter, Chief Financial Officer Somruedee Chaimongkol told reporters.

Anglo’s Cynthia Carrol snubbed by Chile president as Codelco fight becomes issue of national pride

The Telegraph reports Anglo American CEO Cynthia Carroll took a last-minute flight to Santiago on Thursday to calm tempers over the sale of a 24.5% stake to Mitsubishi Corporation but neither Chile’s president Sebastian Pinera, finance minister Felipe Larrain or mining minister Hernan de Solminihac would see her.

China's Rare Earth Clamp Down Poised to Benefit Quest Rare Minerals and Avalon

NEW YORK, NY--(Marketwire -11/08/11)- Chinese Rare Earth prices have been hammered in recent weeks as small companies which possess rare earths from unidentified sources begun to dump their inventory of rare earth minerals on the market, Economic Information reported.

S.Serchmaa: I did not marry my husband for his wealth, but his heart

One of Mongolian famous singers S.Serchmaa has given interview to “Udriin Sonin” newspaper. She has been very low-profile after tying the knot with an Inner Mongolian businessman.

Allens Arthur Digs In for Mongolian Mining Boom With Office Launch

Australian law firm Allens Arthur Robinson has launched an office in Mongolia.

Anglo American sells Chile stake direct to Mitsubishi

Anglo American plc has announced the sale of a 24.5% stake in its Anglo Sur (AAS) copper business in Chile to Mitsubishi Corp for US$5.39 billion.

Regional development forum held in Ulaanbaatar

The first nationwide forum on regional development, “Regional Development of Mongolia and Further Goals” was held in Ulaanbaatar in recent days.

Parliament passes law on automated voting system

Parliament passed a draft law on an automated voting system on Thursday.

Dalai Lama: My successor has not been found in Mongolia

During his visit to Mongolia, his Holiness the 14th Dalai Lama gave speeches to students and the general public.

MPP women gather in the Government House

About 1,000 women who are members of the MPP are attending a forum called “Women for Development - 2011” in the Government House on Friday and Saturday.

Teachers and actors rally for salary increases

Kindergarten and secondary school teachers, along with performers from national art organizations, demonstrated in Sukhbaatar Square on Thursday demanding salary increases.

Petroleum production to be increased

Yesterday, the Parliament discussed the Government policy on petroleum.

Haranga Resources hikes stake in Selenge Iron Ore Project to 80pct

Haranga Resources Limited announced that the company has acquired a further 20% interest in the joint venture company that holds the five exploration licenses comprising the Selenge Iron Ore Project.Highlights:

Significant $92 Million Investment in Ivanhoe Australia Concluded by Ivanhoe Mines

Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited CA:IVA -13.04% (asx:IVA), are pleased to announce that Ivanhoe Mines has completed its investment of approximately A$92 million continuing its strong commitment to support Ivanhoe Australia’s development and exploration plans.

Union demands raises for private sector workers in Mongolia

The Professional Production Trade Union of the Confederation of Trade Unions says it will send a note to Parliament and the Government demanding pay increases for private sector workers.

Tavan Tolgoi and Oyu Tolgoi to have their own power plants

Both Oyu Tolgoi and Tavan Tolgoi will have separate power plants to address their energy needs.

Mongolia: Why And How To Invest In Real Estate

Real estate could be the best way to have an edge on the growth of the Mongolia economy. During my 12 days in Mongolia, this was a recurring theme.

SPEAKER RECEIVES HEAD OF IMF WORKING GROUP

Ulaanbaatar, Mongolia /MONTSAME/ Parliament Speaker, D.Demberel received the head of International Monetary fund's /IMF/ working group, Steven Barnett on November 9.

Jilong visits MFF House

Ulaanbaatar: On the first day of his three-day visit to Mongolia, AFC Acting President Zhang Jilong visited on Thursday the Mongolian Football Federation (MFF) House where he was received by MFF President Ganbold Buyannemkh.

CABINET NEWS IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday got asu fait with a action plan of a Governor of Uvs aimag.

MINISTER CHECKS NEW RAILS

Ulaanbaatar, Mongolia /MONTSAME/ An examination was conducted to test the Japanese rails in Khonkhor of Ulaanbaatar on Novemebr 8.

Allens Arthur Digs in for Mongolian Mining Boom With Office Launch

Australian law firm Allens Arthur Robinson has launched an office in Mongolia.

Garrison Welcomes Two New Directors

TORONTO, ONTARIO, Nov 10, 2011 (MARKETWIRE via COMTEX) -- Garrison International Ltd. CA:GAU -16.67% ("Garrison" or the "Company") is pleased to announce the appointment of Maurice Colson and Edward C. Rochette to the board of directors of Garrison.

Mongolia Growth Group Ltd. to Host Corporate Update Presentations in New York and Toronto

Calgary, Alberta CANADA, Nov 10, 2011 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX), ("MGG" or the "Company") announces that Harris Kupperman, Chairman and CEO of MGG, will host a corporate update presentation and reception for shareholders and interested investors on November 17, 2011 at New York's Hotel Pennsylvania, from 6-8PM.

Erdene Commences Drilling at Altan Nar Epithermal Gold Project Southwest Mongolia

HALIFAX, NOVA SCOTIA, Nov 10, 2011 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene") CA:ERD +5.00% , is pleased to announce commencement of a 3,000 metre drill program at the Company's 100% owned Altan Nar (Golden Sun) property in southwest Mongolia.

Australia's AAR follows Rio Tinto into Mongolia

Australian firm Allens Arthur Robinson (AAR) has opened a representative office in the Mongolian capital Ulaanbaatar.

Tavantolgoi shares to be listed on Hong Kong, London exchanges

At its meeting on Wednesday, the Government decided to issue shares of Erdenes Tavantolgoi LLC on the Mongolian, Hong Kong, and London stock exchanges

Standing Committee discusses proposed budget

The Standing Committee on Security and Foreign Policy discussed the proposed 2012 general budget for the second time on Wednesday.

First deputy PM takes part in meeting of SCO

First Deputy Prime Minister N.Altankhuyag took part in a meeting of the Shanghai Cooperation Organization (SCO) at the Konstatinov Palace in Saint Petersburg, Russia on November 8.

Officials revise Ulaanbaatar city budget

The seventh meeting of the Ulaanbaatar Civil Representatives Assembly was held on Thursday to discuss the final tally for the city’s 2010 budget, and to revise the 2011 budget.

Standing committee rejects call for PM’s resignation

The Standing Committee on State Structure on Wednesday rejected the request made by nine MPs for the resignation of Prime Minister S.Batbold.

China Exports Slow as Europe Clouds Global Outlook

China’s exports rose at the slowest pace in almost two years in October as Europe’s deepening debt crisis crimped demand, adding pressure on policy makers to support growth in the world’s second-biggest economy.

Russia, China Laud Economic Bloc

The member states of a security pact dominated by Russia and China pledged Monday to boost their financial and energy cooperation, despite the global economic slowdown.

War scenario: invest in non dollar assets of which gold is No.1 – Maybury

Warning of another possible ‘U.S. goes to war’ episode ahead, Richard Maybury suggests investment in gold, silver, platinum and oil and other non-dollar assets to protect against subsequent dollar collapse.

China's Rare Earth Clamp Down Poised to Benefit Quest Rare Minerals and Avalon

NEW YORK, NY--(Marketwire -11/08/11)- Chinese Rare Earth prices have been hammered in recent weeks as small companies which possess rare earths from unidentified sources begun to dump their inventory of rare earth minerals on the market, Economic Information reported.

Parliament stalls Centerra's plans to ramp up production

Centerra Gold plans to boost production by 50 percent by 2014 to just under one million ounces yearly, said Chief Executive Officer Steve Lang.

Is Japan Ready to Challenge China on Rare Earths?

China's clampdown on its rare earths production has alarmed trading partners led by Japan, which intends to take up the issue at the Asia-Pacific Economic Cooperation Forum in Hawaii.

East Asia Minerals Announces Appointment of Director

VANCOUVER, BRITISH COLUMBIA, Nov 09, 2011 (MARKETWIRE via COMTEX) -- East Asia Minerals Corporation CA:EAS -7.14% announces that Mr. David Stein, MSc., CFA, has been appointed to the board of directors of EAS.

Ministry plans to start petroleum reserve

The Ministry of Mineral Resources and Energy is planning to start a MNT 28 billion petroleum reserve in 2012.

B.Lkhagvajav: Tavantolgoi shares should be sold, not given away

The MPP caucus at Parliament discussed the issue of distributing Tavantolgoi LLC shares and decided that 20 percent of the shares should be distributed to citizens.

Government to spend MNT 1.5 billion to repair environmental damage

The Government has decided to allocate more than MNT 1.54 billion from the Reserve Fund to repair environmental damage caused by gold mining operations in banned areas of river and forest basins.

Forum addresses election issues

Parliament’s Standing Committee on State Structure and the United Nations Development Program (UNDP) jointly organized a forum called “Conflict during Elections: International Experiences and Lessons” in the Government House on Tuesday.

State budget to be reduced in 2013

The Standing Committee on Budget discussed several budgetary issues on Tuesday and decided to forward them to Parliament.

Standing committee discusses appointment of ACA chief

The Standing Committee on Justice discussed a draft law on anti-corruption on Tuesday.

GP says it will fight for a “clean state”

The Green Party (GP) has declared it will fight for a “clean state". The GP says it has decided to implement its duty to the people and will begin a historic event in the country.

Delegation from Chinese city visits Ulaanbaatar

Delegates from the city of Tianjin, China are visiting Ulaanbaatar. The Chinese delegation is headed by Hu Bun, the chief of the People’s Representatives Assembly.

Goyol 2012 to be held in December

The Designers’ Union of Mongolia is organizing the fashion show Goyol 2012 at the Cultural Palace and UB Palace from December 1 to 7.

Standing committee discusses outsourcing center

The Standing Committee on Economics discussed the establishment of an outsourcing center in Mongolia.

MONGOLIA AND CHINA TO COOPERATE IN VETERINARY SPHERE

Ulaanbaatar, Mongolia /MONTSAME/ The first jointl meeting between veterinary services of Mongolia and China ran in November 1-2 in Beijing, China.

"DOMESTIC AUDIT REVOLUTION STARTS" FORUM IS EXPECTED

Ulaanbaatar, Mongolia /MONTSAME/ The forum themed “Domestic audit revolution starts” will be co-organized by Mongolia's national chamber of commerce and industry, National center of company governance, Institute of Internal Auditors on November 9.

"IMPLEMENTATION OF LAWS ON MICRO MINES" CONSULTATION IS RUNNING

Ulaanbaatar, Mongolia /MONTSAME/ The national consultation themed “Implementation of laws on micro mines” is continuing.

DEFENCE MINISTER ASKS FOR MORE MONEY

Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary Standing committee on security and foreign policy supported on Wednesday a reflection of five billion 51.5 million togrog in the defence sphere budget for the international peacekeeping operations.

STANDING COMMITTEE'S CONCERN FOR AGRICULTURAL CENSUS

Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary Standing committee on economy decided on Tuesday whether to discuss a draft law on amending the law on Statistics.

SOFT LOAN OF 40 MILLION EURO TO COME FROM AUSTRIA

Ulaanbaatar, Mongolia /MONTSAME/ Austria has decided to give Mongolia a soft loan of 40 million euro for two years.

SHARES OF "ERDENES TAVAN TOLGOI" COMPANY WILL BE SOLD THROUGH FOREIGN STOCK EXCHANGES

Ulaanbaatar, Mongolia /MONTSAME/ The working group presented ways of selling shares of “Erdenes tavan tolgoi” company at the domestic and foreign markets, choices of Stock exchanges, company structure at the Cabinet meeting on Wednesday.

GEOGRAPHICAL INFORMATION FUND WILL BE CREATED

Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday obliged some Ministers and heads of agencies to create a geographical information fund based on results of entities and organizations censuses and to deliver it users within this month.

WORLD BANK: MONGOLIA'S ECONOMY STARTS REVIVING

Ulaanbaatar, Mongolia /MONTSAME/ The economic rebound in recent quarters has been stronger than expected and the economy is showing signs of overheating.

MNT 2.4 trillion to be distributed to citizens by HDF reports Finance Minister

Parliament’s Standing Committee on Budget discussed next year’s Human Development Fund (HDF) allowance.

Alaska National Guard SPP with Mongolia uniquely positive

The Alaska National Guard hosted the U.S. Ambassador to Mongolia here Oct. 18-21, helping to strengthen an already positive relationship between the United States and Mongolia.

Fitch: Mongolian Banking Sector’s Growth Unsustainable

Fitch Ratings says Mongolia’s banking system is facing increasing challenges, due to current overheating in the economy fanned by rapid loan growth which, in turn, is pressuring capital and liquidity capacities.

Dalai Lama arrives in Mongolia

DHARAMSHALA, November 8: The Tibetan spiritual leader His Holiness the Dalai Lama arrived in Mongolian capital Ulan Bator Monday on a three day visit, that has been kept confidential by the organisers until the last minute to avoid angering China.

S&P Assigns Golomt Bank of Mongolia 'BB-/B' Ratings; Outlook Stable

-- The credit profile of Golomt Bank of Mongolia reflects the bank's marginal capitalization due to its strong business growth strategy and narrow business scope.

Tavan Tolgoi coking coal mine in Mongolia to change the supply dynamics

IT is a company with its foot on more than 7 billion tonnes of coal, enough to make a dent in even China's enormous appetite.

SouthGobi Resources Q3 Profit More Than Doubles

(RTTNews) - Coal mining company SouthGobi Resources Ltd. (SGQ.TO: News ) Wednesday reported net income for the third quarter of $55.9 million or $0.31 per basic share, rising from $27.5 million or $0.15 per basic share in the year-ago quarter.

Could Mongolia Be the Next Dubai?

This is the time of year when blasts of Arctic air start sweeping across Mongolia's steppe, ushering in the long, hard winter.

China Lashes Out at Dalai Lama's Visit to Mongolia

China says it has lodged a strong protest with neighboring Mongolia over a visit this week by the Dalai Lama.

S.BATBOLD MEETS AMBASSADOR OF SWEDEN TO MONGOLIA

Ulaanbaatar, Mongolia /MONTSAME/ S.Batbold PM received Lars Freden, the ambassador of Sweden to Mongolia, on November 8.

D.DORLIGJAV MEETS BRITISH AMBASSADOR TO TALK ABOUT PROJECT

Ulaanbaatar, Mongolia /MONTSAME/ The State General prosecutor office requested Great Britain's government to finance a project "Prosecutors Exchange" worked out together with International association of prosecutors.

MONGOLIA'S COMPETITIVENESS AND CHINESE PORT

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia's government started researching possibilities of increasing its economy competitive capacity.

MONGOIAN DELEGATION TAKES PART IN ITERPOL ASSEMBLY

Ulaanbaatar, Mongolia, /MONTSAME/ The Mongolian delegation has participated in the 80th International Criminal Police Organization (Interpol) General Assembly.

"DISCOVER MONGOLIA" IN VIENNA

Ulaanbaatar, Mongolia /MONTSAME/ A photo exhibition themed "Mongolia in 20th century" is running in Vienna, Austria, on November 2-12.

Dropping Chinese Rare Earth Prices Could Actually Help Molycorp and Rare Element Resources

NEW YORK, NY--(Marketwire -11/08/11)- Chinese Rare Earth prices have been hammered in recent weeks as small companies which possess rare earths from unidentified sources begun to dump their inventory of rare earth minerals on the market, Economic Information reported.

A Piece of Xiongnu History on Display

Time changes everything. It’s known that time leaves its traces on all things, as they begin to fade or are broken.

The World Cadet Championships Crown Winners

The 24th World Cadet (Checkers) Championship was held in Ulaanbaatar between October 30 and November 5, with 32 participants from 13 countries competing for the champion’s title.

Visit From the Ministry of Foreign Affairs of the Russian Federation

In honor of the 90th anniversary of diplomatic relation between Russia and Mongolia, delegates from the Ministry of Foreign Affairs of the Russian Federation came to Mongolia.

Mongolia: where motherhood merits a medal

NEW YORK — In Mongolia, people are so scarce that the government has been paying them to procreate.

Haranga Resources boosts stake in Mongolian Iron Ore Project to 80%

Haranga Resources (ASX: HAR) has acquired a further 20% interest in the joint venture company that holds the five exploration licences comprising the Selenge Iron Ore Project in Mongolia.

Foreign wife a voice for multicultural families

Jeong Su-rim is an exceptional housewife, mother and public servant who still finds time to pursue further education.

bd's Mongolian Grill signs on for more Louisville, Ky., locations

bd’s Mongolian Grill has announced the signing of a multi-unit development agreement with bd’s Mongo KY LLC.

Dalai Lama makes low-key visit to Mongolia as neighboring China protests

ULAN BATOR, Mongolia — The Dalai Lama began a series of lectures to Buddhists in Mongolia on Tuesday in a low-key visit which nonetheless drew a protest from neighboring China.

DP calls for reducing expenses in 2012 budget

The head of the DP caucus, Ch.Saikhanbileg, spoke with journalists after the caucus meeting on Monday.

Doctors and teachers demand salary increases

Trade unions representing doctors and teachers held a press conference on Monday to demand raises effective January 1, 2012.

N.Enkhtaivan: Foreign trade important for development

Director of Foreign Trade and Economic Cooperation Board of the Ministry of Foreign Affairs and Trade N.Enkhtaivan answered our correspondent’s questions.

PM receives UN official

Prime Minister S.Batbold received Hiroyuki Konuma, a high-ranking official with the United Nations Food and Agriculture Organization (FAO), on Monday to discuss mutual relations and cooperation.

ERDC issuing more shares on Toronto exchange

Erdene Resources Development Corp. (ERDC) announced on Monday that it is issuing more shares on the Toronto Stock Exchange.

Standing committee approves loan from Austria

The Standing Committee on Economics approved a EUR 40 million loan from Austria on Monday.

Mongolian prosecutors to study in Canada

State Prosecutor General D.Dorligjav received the United Kingdom’s ambassador to Mongolia, Thorda Abbott-Watt, on Monday.

Ivanhoe Mines Makes a Move: Down 4.5%

Ivanhoe Mines (NYSE:IVN) is a company whose shares are active, trading 4.5% lower to $21.38.

Uranium production not where we would like it to be – Cameco CEO

Canadian uranium über miner Cameco announced Monday it was lowering its 2011 production outlook by 1%, decreasing UF6 conversion production, and reducing this year’s capex to $575 million.

Gold to rally to new record in March – analyst forecasts

The most accurate forecasters say gold will rebound from its biggest monthly plunge since 2008 and reach a record by March because economic growth is stagnating and Europe’s debt crisis is unresolved.

Gobi mega-mine puts Mongolia on brink of world’s greatest resource boom

After a 16-hour drive under the piercing blue skies of Mongolia’s southern Gobi, the first view of the world’s newest mega-mine looks eerily like a desert aflame.

Mongolia: Balancing Economy with Environment

The contentious issue of balancing a growing economy against potential environmental degradation surfaced at Asia Society’s Mongolia Investment Forum in New York last Friday.

Mongolian Banking Sector's Growth Unsustainable

TAIPEI/HONG KONG, November 08 (Fitch) Fitch Ratings says Mongolia's banking system is facing increasing challenges, due to current overheating in the economy fanned by rapid loan growth which, in turn, is pressuring capital and liquidity capacities.

The Dark Secret of the South Gobi

Like China's buried army of the dead , a dark secret is hidden under the barren rocky surface of Mongolia's south Gobi desert.

‘Minegolia’ Might Make Its Economy Bloom While Becoming Uninhabitable

It is likely that Mongolia is living its last days as we know it, on the path to becoming “Minegolia.” Experts' belief that the nation's inhabitants are sleeping on a black gold mine will certainly redefine this country's surface as the globe's newest center of natural resources.

Doctors and teachers demand salary increases

Trade unions representing doctors and teachers held a press conference on Monday to demand raises effective January 1, 2012.

Regional economies 'need greater unity'

BEIJING - Financial cooperation within the Shanghai Cooperation Organization should be boosted to match the economic growth of its member countries, analysts said.

Trafigura to Boost Mongolia Trading as ‘Sleeping Giant Awakens’

Nov. 8 (Bloomberg) -- Trafigura Beheer BV, the world’s second-largest independent trader of non-ferrous metals, plans to expand in Mongolia to deliver more iron ore, coal and copper to the China market.

Mongolia cuts short Dalai Lama lecture tour under China pressure

(Reuters) - Mongolia has cut short a lecture tour due to be given by the Dalai Lama, a government minister said on Tuesday, under pressure from China, which brands Tibet's exiled spiritual leader a dangerous separatist.

GOLD DIGGERS TO CONVENE

Ulaanbaatar, Mongolia /MONTSAME/ “Implementation of the law on micro mines” themed national consultation will run on November 8 in the "Ulaanbaatar" hotel.

D.DEMBEREL MEETS DELEGATION OF EBRD

Ulaanbaatar, Mongolia /MONTSAME/ Parliament Speaker D.Demberel received delegation of European bank for Reconstruction and Development /EBRD/ on November 4.

S.BATBOLD MEETS RUSSIAN DELEGATION

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold received representatives, led by first vice Minister of Foreign affairs of Russia A.E.Denisov on November 7.

Government plans to increase wages next year

Government has planned to increase wages of the state workers by 48% next year. The documents for this project is ready and wages will be increased with two stages according to the document.

China pushing for iron-ore pricing changes – exec

China, the world’s biggest consumer of iron ore, is still hopeful that major foreign suppliers will change the way they set their prices, Zhu Jimin, chairman of the Shougang Group, one of the country’s biggest steel producers, said on Sunday.

Huge coking-coal mine to change the landscape

IT is a company with its foot on more than 7 billion tonnes of coal, enough to make a dent in even China's enormous appetite.

Trafigura, Origo form coal/iron Mongolia JV

* JV may extend to all commodities and Russia * Greenfield exploration to be JV's focus * JV aims to "circumvent existing China/Mongolia traders"

Rare Earth Strategic Reserve on the Way?

The United States has been looking into the possibility of a strategic reserve for rare earth metals.

Gobi mega-mine puts Mongolia on brink of world's greatest resource boom

After a 16-hour drive under the piercing blue skies of Mongolia 's southern Gobi, the first view of the world's newest mega-mine looks eerily like a desert aflame.

Trafigura, Origo form coal/iron ore Mongolia j.v

(Reuters) - Trafigura, one of the world's top oil and commodity traders and Origo Partners Plc, one of the largest private equity investors in Mongolian natural resources have formed a 50:50 joint venture to develop Mongolian coal and iron ore deposits with significant export potential.

Prague zoo sending more wild horses to Mongolia

The Prague Zoo says it will transport more rare wild horses to Mongolia next year as part of its efforts to reintroduce the endangered species to its native habitat.

Officials discuss health-care financing

A discussion about the financial issues concerning health care in Mongolia was held last Friday in Civil Chamber under the President.

PM reports to Parliament on innovation activity

Prime Minister S.Batbold reported to Parliament on the results of an “Innovation Activity” program on November 4.

Parliament to finally discuss draft election law this week

The MPP and DP caucuses are meeting on Monday to discuss a draft election law.

“Metals Mongolia” forum wraps up

Officials read 28 reports at the “Metals Mongolia-2011” forum, which was held in Ulaanbaatar on November 3 and 4.

PROJECT OF PROGRAMME RULE COMPLETED

Ulaanbaatar, Mongolia /MONTSAME/ The Housing Financing corporation has worked out a project on rules of "100 thousand families housing" programme.

D.ZAGDSUREN MEETS FIFA SPECIALIST

Ulaanbaatar, Mongolia /MONTSAME/ The president of Mongolian national Olympic committee, D.Zagdsuren received a specialist of Development department of Federation international Football association / FIFA/, Jason Mutya and others.

MONGOLIA'S REQUEST ACCEPTED

Ulaanbaatar, Mongolia /MONTSAME/ Australia's side has positively received Mongolia's request to include it into the “Mining for development” initiative.

TDB TO COOPERATE WITH CHINESE BANKS

Ulaanbaatar, Mongolia /MONTSAME/ A contract on import financing has been initialed by the Trade and development bank /TDB/ of Mongolia and the largest Chinese banks.

Inflation is at 10.5 percent

The Central bank has increased its interest rate 5 times this year to keep inflation low. Mongolia’s general budget showed nearly MNT 1 billion suprlus for the first 9 months of year the year 2011 and it helped to keep the inflation at 10.5 percent.

LAUNCH REPORT TO EXPLORE PLANS FOR BOOSTING EXPORTS

Mongolia is looking to expand its economy – and its exports – by processing more of its natural resources to move up the value chain, according to President Tsakhiagiin Elbegdorj.

Toronto Occupied by High-End Ger

An article in the Toronto Star has reported that some of the Occupy Toronto protesters have taken up residence in a beautiful, ornate yurt.

China to impose local coal consumption caps

China is planning to cap coal consumption in a number of pilot regions as part of its plans to increase the use of clean energy and cut air pollution, the 21st Century Business Herald newspaper reported on Friday.

Centerra reports 396% increase in 3Q11 net earnings

Centerra Gold reported a 400% increase in earnings per share, as well as a nearly fourfold increase in net earnings during the third quarter of this year.

Hyatt to move into Mongolia

Hyatt Hotels Corporation is set to open its first two properties in Mongolia by 2015, with the Hyatt Regency Ulaanbaatar will open in 2014 and be located in the centre of the Mongolian capital.

Kazakhstan to build 3rd gold refinery in 2012

Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the country’s Industry Ministry said on Monday.

Russia expects North Korea to collapse in late 2020s

The North Korean regime is likely to collapse by the late 2020s amid an intensifying power struggle among the government and military elite, a Russian state think tank said in a report Friday.

Origo Partners, Trafigura Form JV Company In Mongolia

(RTTNews) - Origo Partners Plc (OPP.L: News ) Monday announced that it formed a joint venture firm Trafigura-Origo MGL in association with Trafigura Beheer B.V, to invest in coal and iron ore opportunities in Mongolia.

Centerra eyes 1Moz/y gold output by 2012

TORONTO (miningweekly.com) – Centerra Gold, which operates the biggest gold mine in Central Asia, plans to boost production by 50% by around 2014 to just under one-million ounces yearly, CEO Steve Lang said in an interview on Friday.

Entree Gold cuts third quarter loss as it scales back Mongolian exploration

VANCOUVER - Entree Gold Inc. (TSX:ETG) cut its net loss by nearly half in the third quarter as the Vancouver-based gold explorer cut its exploration expenses in Mongolia.

The Collective Action of Mongolia’s Women

Having learned about the history of the women’s rights movement in the United States from reading Gail Collin’s “America’s Women” (2003), a broad read that looked at women’s activism beyond the terms of feminism and explored women’s contributions to the creation of democratic rights within the country, I was eager to learn about Mongolian history from the perspective of women.

Christianity's growth divides Mongolians

ULAN BATOR — Erdene Otgon Tsagaankhun, one of Mongolia's growing population of young Mormons, has just spent two years trying to spread the word as a missionary -- in the United States.

CW-GP slams SSC for failing to register the party

Representatives of the Civil Will-Green Party (CW-GP) held a press conference on Thursday to criticize the State Supreme Court (SSC) for failing to register the party.

DP launches new fundraising campaign

The DP has launched a new fundraising campaign. The announcement was made at the party’s monthly “4:11” meeting with journalists on Thursday.

Parliament debates monetary policy

Parliament is debating a protocol about state monetary policy in 2012.

MPP managing council discusses election, schedules conference

The MPP’s managing council met on Wednesday and announced plans to hold a party conference on November 28 to discuss the 2012 election and to report on the party’s work since changing its name from the MPRP to the MPP.

MPs to give SPC purchasing power

At Friday’s session of Parliament, MPs discussed a draft protocol on the structure of state administration.

PRESIDENTIAL OFFICE HEAD VISITS KUWAIT

Ulaanbaatar, Mongolia, /MONTSAME/ A head of the President's office Mr. D.Battulga has visited the State of Kuwait.

MONGOLIAN DELEGATIONS VISITS HOHHOT

Ulaanbaatar, Mongolia /MONTSAME/ The Hohhot of China wants to cooperate with Ulaanbaatar city in all possible spheres.

Cabinet meeting was held

The Cabinet meeting was held on Wednesday and the Government discussed about solving faced problems in Umnugobi.

Metals Mongolia 2011 forum held

“Metals Mongolia 2011″ forum was held on Thursday at the Parliament house and D.Zorigt, Minister for Mineral Resources and Energy gave a speech at the forum.

Inflation is at 10.5 percent

The Central bank has increased its interest rate 5 times this year to keep inflation low. Mongolia’s general budget showed nearly MNT 1 billion suprlus for the first 9 months of year the year 2011 and it helped to keep the inflation at 10.5 percent.

Ivanhoe shareholders hopeful for a sale to Rio

Ivanhoe Mines' options show investors are becoming more convinced the copper and gold explorer will be a takeover candidate by March. Ivanhoe holds a 66 percent interest in the Oyu Tolgoi copper and gold project.

Aspire discovers new coal seam at Ovoot

Aspire Mining continues to focus on development of its Ovoot coking coal project, said the firm in its quarterly reports.

Haranga Resources intersects more iron mineralisation at Selenge Project in Mongolia

Haranga Resources (ASX: HAR) has intersected further extensions to the iron mineralisation at the Bayantsogt prospect, within its Selenge Project in Mongolia, where four diamond rigs continue to drill.

More bad news for iron ore, coking coal prices: world’s largest steelmaker profits halve, sees worse ahead

ZeeNews report the world’s largest steel-maker ArcelorMittal on Thursday reported a dip of over 51% in net income to $659 million for the quarter ended September 30, 2011, due to a fall in demand.

UNDP, Human Development Report 2011:Mongolia 110/179

This year’s Report focuses on the challenge of sustainable and equitable progress.

China economy “slowing visibly”: Rio Tinto chief

China’s economy is “slowing visibly”, the chairman of mining giant Rio Tinto said Friday, but he expressed confidence that it will prove resilient to any sharp correction in other major economies.

Modest fall in Origo's NAV

The unaudited net asset value of Origo Partners (LON:OPP) fell to US$215.4 million from US$225.1 million for the period ending June 30, 2011 due principally to the movement of fair market value of quoted investments and currency movements

C @ limited to acquire 8 exploration licenses

C @ Limited will acquire eight Mongolian coal licenses for USD 7.8 million as a result of its agreement with Peabody-Winsway Resources to acquire all of the issued capital of its subsidiary, BDBL.

Countries Most At Risk from Chinese Hard Landing

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Emerging economies in Asia have been fairly sheltered from Eurozone contagion, but are highly integrated with one another.

Meritus Minerals Announces Diamond Drilling Proposed at Three areas at Gutain Davaa, Mongolia

Nov 02, 2011 (ACCESSWIRE-TNW via COMTEX) -- Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) advises that strongly anomalous soil sample assay results have been received for three new prospect areas and a detailed petrological report on the gold mineralization at the Toordogiin Shill Prospect has been received.

Saraa Tours Western Mongolia

We have reported that in celebration of the 25th year her career, the Mongolian Honoured Artist and with an honoured title of a Singer of the Century B.Sarantuya started her tour around the country on October 14.

Denison Mines Corp (DNN) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Denison Mines Corp (DNN) announced its quarterly results on Thursday. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.08.

Cooperatives: "Meeting Human Need, Not Just Human Greed"

UNITED NATIONS, Nov 3, 2011 (IPS) - Different countries may celebrate Oct. 31 in a variety of ways, but this year, the 193 member states of the United Nations (U.N.) launched the International Year of Cooperatives 2012 to raise awareness about the impact of cooperatives on the development of communities where they operate.

2 Boys Emerge as the “Mongolian 7th Billion Children”

At 1:49:23 AM (GMT +8,) Ulaanbaatar-Mongolian time, the National Statistical Office of Mongolia has informed us that the world population has reached 7 billion.

Czechs to fly more rare wild horses to Mongolia to reintroduce them to native habitat

PRAGUE — The Prague Zoo says it will transport more rare wild horses to Mongolia next year as part of its efforts to reintroduce the endangered species to its native habitat.

Discussion of draft election law postponed

The Standing Committee on State Structure planned to discuss a draft election law on Wednesday but postponed the discussion due to ongoing differences between the DP and MPP caucuses on the administration of electoral districts.

Government to cut electric rates

At Wednesday’s meeting of the Government, members decided to reduce nighttime electric rates for some households in ger districts by 50 percent.

MPP to hold conference

The MPP’s managing council met on Wednesday to discuss the draft election law and to organize a conference.

MONGOLIA AND UKRAINE TO COOPERATE IN CULTURAL SECTOR

Ulaanbaatar, Mongolia /MONTSAME/ An intergovernmental agreement between Mongolia and Ukraine on cooperation in the cultural sphere was approved on Wednesday by the cabinet.

INT'L YEAR OF COOPERATIVE ANNOUNCED AT INITIATIVE OF MONGOLIA

Ulaanbaatar, Mongolia /MONTSAME/ At initiative of Mongolia, the 66th session of the UN General Assembly officially announced on October 31 the Year of International Cooperatives for 2012.

UB CULTURE DAYS ARE RUNNING IN CHINA

Ulaanbaatar, Mongolia /MONTSAME/ The Ulaanbaatar city's culture days started in Hohhot of China on October 3.

SPEAKER'S CONCERN OVER DRAFT LAW

Ulaanbaatar, Mongolia, /MONTSAME/ There must not be doubts whether to amend the law on elections or not, this issue was agreed in principle on three years ago between the parties, warned the Speaker on Wednesday.

SECOND PROJECT WILL BE IMPLEMENTED BY KOICA

Ulaanbaatar, Mongolia /MONTSAME/ The administration of Ulaanbaatar city is to implemented a project costing five million US dollars until the year 2013.

Details on business loan programs released

Just six percent of small- and medium-sized businesses taking part in a loan program have applied for loans from the state.

Standing committee agrees to restructure pensions

The Standing Committee on Social Policy, Education, Culture and Science discussed a draft law on pension reform on Wednesday and approved further discussion in Parliament.

UAE falcons in pigeon control face headwind

Falcons, long used for hunting in the Middle East and a prized status symbol, are now being adapted for a more mundane problem: pest control.

Why it’s time to buy depressed miners

Prices for industrial metals and coal remain low. Miners of copper, iron ore, metallurgical coal and energy coal are oversold.

Uranium sector returning to full power – Rob Chang

While Germany and Switzerland have made headlines with sudden phase-out plans, world leaders from North America to Africa to Asia have reaffirmed their commitment to nuclear power as a low-carbon, low-cost energy solution.

Industry explores rare earth options

The electric motor displayed by Continental at this year’s Frankfurt motor show lacked the crowd-drawing cachet of a glittering Ferrari or Lamborghini sports car.

Mongols eye Europe again

Mongolia is a landlocked country encircled by two neighbors – China and Russia.

Macmahon says it will turns things around

Mining-focused engineer Macmahon Holdings says recent contract wins that have bolstered its order book to a record $3.1 billion and this shows it can turn its fortunes around.

Haranga Resources intersects more iron mineralisation at Selenge Project in Mongolia

Haranga Resources (ASX: HAR) has intersected further extensions to the iron mineralisation at the Bayantsogt prospect, within its Selenge Project in Mongolia, where four diamond rigs continue to drill.

HEALTH VICE MINISTER AT SESSION ON WHO REFORM

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia's government is fully appreciating a reform policy of the World Health Organization (WHO), has said Vice Minister of Health J.Tsolmon.

DO NOT POLLUTE AIR AND GET DISCOUNT

Ulaanbaatar, Mongolia /MONTSAME/ At its regular meeting held on Wednesday, the cabinet approved a rule on a discount on electricity price.

MEASURES TO STIMULATE CONSTRUCTION IN OMNOGOBI

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet discussed and approved a resolution on ways of solving problems that occur in the great construction in Omnogobi aimag.

French company to export uranium from Mongolia

ULAN BATOR, Nov. 2 (Xinhua) -- French uranium giant "Areva" Group has completed field exploration and is extracting uranium in the Eastern Gobi province of Mongolia, local media reported Wednesday.

Climate Change Imperils Global Prosperity, U.N. Warns

A new report from the United Nations Development Program warns that if drastic measures are not taken to prepare nations for the impacts of climate change, the economic progress of the world’s developing countries could stall or even be reversed by 2050.

Former Mongolian President Faces Corruption Investigation

Former President Nambar Enkhbayar faces investigation for his alleged involvement in the illegal privatization of a printing house, local media reported Wednesday.

Meritus Minerals Announces Diamond Drilling Proposed at Three areas at Gutain Davaa, Mongolia

Nov 02, 2011 (ACCESSWIRE-TNW via COMTEX) -- Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) advises that strongly anomalous soil sample assay results have been received for three new prospect areas and a detailed petrological report on the gold mineralization at the Toordogiin Shill Prospect has been received.

Mongolia Growth Group Ltd. Publishes October 2011 Monthly Letter to Shareholders

Calgary, Alberta CANADA, Nov 02, 2011 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the release of its October 2011 letter to shareholders.

Standing committee discusses monetary policy

The Standing Committee on Economics discussed a draft protocol on state monetary policy in 2012 on Tuesday.

Committee approves electronic signatures

The Standing Committee on Justice discussed a draft law on the use of electronic signatures.

SPC discusses new power plant construction

The State Property Committee (SPC) held a meeting at the Chinggis Hotel on Tuesday to discuss the construction of Power Plant No. 5. SPC officials said several organizations have tendered bids to construct the plant.

French firm to export processed uranium from Mongolia

The French conglomerate AREVA is planning to mine uranium in Ulaanbadrakh soum of Dornogobi aimag.

Standing committee discusses air pollution

The Standing Committee on Nature, Environment, Food and Agriculture discussed efforts to reduce air pollution on Tuesday.

Mongolian, Kazakh diplomats meet in Kazakhstan

Mongolian and Kazakh diplomats held a consultative meeting in Astana, Kazakhstan, to address issues of mutual concern on October 27 and 28.

CH.JARGALSAIKHAN ATTENDS HIGH LEVEL WORKSHOP

Ulaanbaatar, Mongolia /MONTSAME/ The vice Minister of Nature environment and tourism and head of the Standing committee on nature and rural development of Mongolian People's party, Ch.Jargalsaikhan has participated in the Nature environment high level workshop.

MAYOR TALKS ABOUT UB CITY'S ROADS

Ulaanbaatar, Mongolia /MONTSAME/ During a celebration of the 372nd anniversary of Ulaanbaatar city, its Mayor G.Monkhbayar introduced in detail a construction running in Ulaanbaatar.

UB CITY PEOPLE'S ISSUES WILL BE HIGHLIGHTED

Ulaanbaatar, Mongolia /MONTSAME/ The “For rights of the UB citizens” discussion is expected on November 2.

Mongolia and China signs import and export agreement

Mongolia will export and import processed meat products from China.

New paved roads will be built from Nariinsukhait to Shiveekhuren

State Property Committee Chairman D.Sugar and RDCC Ltd. Executive Director B.Chuluunbaatar, have signed an agreement to build a road between Nariinsukhait and Shiveekhuren.

Macquarie Group profits take a hit from global economic environment

Macquarie Group suffered from a 24 percent drop in its net profits from 1 year ago.

Winsway and Marubeni to purchase expand coking coal producer in canada

Winsway Coking Coal, a Chinese coal importer and distributor, has joined Marubeni, the Japanese trading house, in agreed CAD 1 billion (USD 1 billion) cash for Grade Cache Coal, a producer of coking coal.

Mongolia’s largest banks report sharply higher record earnings

Khan Bank’s after-tax net profit for the first 9 months of 2011 was 44.7 billion MNT (36 million USD), up 119% y-o-y and more than total net profit for 2010 of 30 billion MNT.

96% of non-Chinese rare earth projects will fail, says Jack Lifton

A mining industry consultant says the high processing costs and level of expertise required in bringing rare earth mines into production means most of them will fail.

Merkel Joins the Global Hunt for Natural Resources

A visit to Ulan Bator is not without unique rules for diplomatic protocol. When German Chancellor Angela Merkel visited the Mongolian capital in October , she had to pay careful attention to the direction she walked as she stepped into a yurt at the governmental palace. Moving clockwise is of paramount importance.

“Melodies of the Steppe”

Mongolian music is a reaction to our surroundings and life. Caring for a baby provokes a melody. Seeing white gers spread across the green pasture inspires a proud melody.

Gateway Development introduces new technologies

The State Committee of the Mongolian government approved the Mongolian National Standard (MNS) for Gateway Development Mongolia's (GDM) ThermoBlock wall assembly.

Copper prices to stabilize “very profitably”, says Scotiabank economist

Copper has been on a roller coaster ride this past year, with its price hitting a record USD 4.60 a pound before diving to USD 3.08 a pound.

Mongolian Artist Praised by Diplomats

This year marks the 50th anniversary of Mongolia joining the United Nations (UN).

Mongolian doctors are ready to operate liver transplantation on their own

State Central Clinical Hospitals Organ Transplantation Team preformed two surgeries on October 29 and 30. These surgeries accounted for two of only three patients to undergo liver translate surgery in Mongolia.

Mongolian Economy Aims to Diversify

The Mongolian Government is emphasising its plans to diversify from reliance on mining-related revenues and investment in the hope that the development of manufacturing and agricultural sectors will create a more advanced industrial base.

Ivanhoe Finishes Drilling Exploration Well in Mongolia

David Dyck, President and Chief Operating Officer of Ivanhoe Energy and Gerald Moench, President of Ivanhoe's subsidiary Sunwing Energy, announced that Ivanhoe has finished drilling the company's second exploration well on the Nyalga block in east-central Mongolia and have prepared the well for completion and testing early next year.

Bloomberg Announces Formation of Bloomberg TV Mongolia

Hong Kong -- Bloomberg Media Group today announced the formation of Bloomberg TV Mongolia, a new Bloomberg Television channel in partnership with The Trade & Development Bank of Mongolia (TDB), the oldest and one of the largest banks in Mongolia.

Mongolia Faces Worsening Water Shortages: Official

Mongolia will face worsening water shortages due to decreased rainfall and rising temperatures, an official warned Tuesday.

Occupy Toronto goes high style with $20,000 yurts

They’re circular, adorned with esoteric symbols and often spotted on the windswept steppes or high-mountain pastures of Central Asia.

DP caucus rebuffs MPP

The DP caucus met on Monday and rejected an MPP proposal on the election structure. DP caucus chairman Ch.Saikhanbileg said the DP is holding to its position that electoral districts should be based on population.

New road planned from Nariinsukhait to Shiveekhuren

State Property Committee Chairman D.Sugar and RDCC Ltd. Executive Director B.Chuluunbaatar, have signed an agreement to build a road between Nariinsukhait and Shiveekhuren.

Prosecutors still investigating defunct Anod Bank

Ulaanbaatar Prosecutors’ Office (UPO) says it is still investigating the full scope of a scandal at the now-defunct Anod Bank. Prosecutors are reportedly looking into the bank’s loan programs and capitalization.

Iron-ore price slump to deepen despite Indian supply cut

With demand from top buyer China still weak, global iron ore prices are not expected to recover in the next few weeks and may not yet be at their nadir despite a slump in deliveries from the world’s third largest producer, India.R.K. Sharma, secretary-general of the Federation of Indian Mineral Industries (FIMI) said on Monday that a precipitous drop in prices since September had made it hard for Indian suppliers to meet their high rail freight and export duty costs, forcing them to cut shipments to a minimum.

The new Steel Silk Road

The Silk Routes, collectively known as the “Silk Road”, refer to a 7000 mile network of interlinking trade routes that were used for three millennia.

Adventurer named consul for Mongolia

A SCOT who organises expeditions to the land of Ghengis Khan has now become the Mongolian Government’s man in Scotland.

Key political risks for mining investment in Mongolia

For those looking to invest in Mongolia, the article takes a look at some of the key political risks to watch out for as political uncertainty ahead of parliamentary elections in June 2012 has investors worried.

Bloomberg Media Group Announces Formation of Bloomberg TV Mongolia

HONG KONG, Oct 31, 2011 (BUSINESS WIRE) -- Bloomberg Media Group today announced the formation of Bloomberg TV Mongolia, a new Bloomberg Television channel in partnership with The Trade & Development Bank of Mongolia (TDB), the oldest and one of the largest banks in Mongolia.

FOOD SAFETY DISCUSSED AT CIVIL HALL

Ulaanbaatar, Mongolia /MONTSAME/ A discussion ran on October 28 to consider the food safety in the Civil hall at the President.

MONGOLIA-RUSSIA CONSULTATION ON WATER PROTECTION RUNS

Ulaanbaatar, Mongolia /MONTSAME/ The 10th consultation ran of plenipotentiaries, who implement an agreement on protecting and using boundary waters on October 26-28 in the city.

PARLIAMENT APPROVES AMENDMENTS TO LAWS ON BUDGETS

Ulaanbaatar, Mongolia /MONTSAME/ The State Great Khural (parliament) has approved draft amendments to the laws on budget of Mongolia for 2011, on budget of social insurance fund for 2011 and on budget of the Human Development Fund (HDF) for this year.

MONGOLIA-KAZAKHSTAN CONSULTATIVE MEETING HELD

Ulaanbaatar, Mongolia /MONTSAME/ All the questions and problems regarding the dual citizenship must be avoided, decided the 5th Mongolia-Kazakhstan consular consultative meeting.

Korea, the United States, and Strategic Relations: Mongolia

An Oct 6, 2011 event at the Korea Society explored relations between Mongolia, Korea, and the United States.

Copper to average $4/lb in 2012 – Scotiabank’s Mohr

Copper has been on a rollercoaster ride over the past year, with the price of the metal hitting a record $4.60/lb before diving to $3.08/lb, but Scotiabank economist and commodity markets specialist Patricia Mohr said the metal would likely average “a very profitable” $4/lb this year and next.

The Kremlin’s China Problem

China’s success has been very important for Russia. Of course, Russian leaders find it hard to admit that they envy the Chinese.

Copper falls as Europe’s hopes for debt resolution fades

London copper fell below $8,000 on Monday on a firmer dollar and as hopes for a speedy resolution of Europe’s debt crisis waned, but the metal is on track for its biggest monthly rise since December.

China’s Winsway in Canadian coking coal bid

Winsway Coking Coal, a Chinese coal importer and distributor, has joined Marubeni, the Japanese trading house, in an agreed C$1bn ($1bn) cash bid for Grande Cache Coal, an Alberta-based producer of coking coal, used in steelmaking.