Tuesday, January 31, 2012

Officials detained for selling bad gold

An official with Mongol Bank’s Economic Department and three officials from the Standardization Measurement Office have been detained since last week for their alleged roles in a gold scheme.

Parliament to recess on February 10

Secretary General of Parliament Office Ts.Sharavdorj has told our correspondent that the current session of Parliament will go into recess on February 10.

DP caucus discusses several draft laws

The DP caucus discussed several draft laws at its meeting on Monday. The caucus established a working group to amend a draft law on local settlement elections.

Government holds first meeting with new ministers

Five new ministers were in attendance at Monday’s meeting of the Government.

U.Enkhtuvshin: Each citizen to receive 1,072 shares

The MPP caucus discussed the Tavantolgoi protocol on Monday and decided that each citizen should be given 1,072 shares in the mining project.

Government needs administrative overhaul

The DP has organized a series of lectures in the Government House since 2011, and on Tuesday DP Secretary General D.Erdenebat delivered one entitled “From Administrative Structure to Free Economies.”

CABINET WANTS TO INCREASE OIL PRODUCTS SUPLLY AND STABILIZE PRICES

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the Minister of Mineral Resources and Energy D.Zorigt introduced to the cabinet works of increasing oil product supply and stabilizing the price of oil products.

ABOUT MEAT SUPPLY AND TRADE IN UB CITY

Ulaanbaatar, Mongolia /MONTSAME/ Reserved meat has been sold from January 15 for the city's needs, the Minister of Food, Agriculture and Light Industry T.Badamjunai reported on Monday at the cabinet meeting.

SALARIES, PENSION AND ALLOWANCES TO INCREASE

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet positively considered on Monday issues of augmenting salaries, pensions and some allowances.

Committee members urge Mongol Bank be held accountable

After gasoline prices went up January 6, the Confederation of Trade Unions (CTU) organized demonstrations at Sukhbaatar Square and in aimags.

SPEECH OF THE PRESIDENT OF MONGOLIA AT THE SPECIAL SESSION OF THE PARLIAMENT

ON THE OCCASION OF THE CENTENARY OF REGAINING THE INDEPENDENCE OF MONGOLIA.

Why Are the Chinese Buying Record Quantities of Gold?

This month, the Hong Kong Census and Statistics Department reported that China imported 102,779 kilograms of gold from Hong Kong in November, an increase from October’s 86,299 kilograms.

Mongolian office will extend expertise and client engagement in key growth areas such as energy and natural resources

NEW YORK, Jan. 30, 2012 /PRNewswire/ -- Deloitte Touche Tohmatsu Limited (DTTL) announced today it has established a new member firm in Mongolia after reaching an agreement with leading local Mongolian professional services firm, Onch Audit. The new firm, Deloitte Onch LLC, will offer a full range of professional services, including audit, tax, consulting, and financial advisory to clients in one of the world's fastest growing economies.

Tavan Tolgoi IPO Goes Cold

For the first time in its history, Mongolia is going to launch a multi-billion dollar initial public offering (IPO) of a country`s strategic coal deposit.

Russia, Mongolia Plan Joint Military Drills

A Russian Army delegation has started a five-day visit to Mongolia to discuss preparations for a joint exercise, the Defense Ministry said on Monday.

Kuwaiti envoy meets with Mongolia FM

ULAN BATOR, Jan 31 (KUNA) -- Kuwaiti Ambassador to Mongolia Mubarak Mohammad Al-Suhaijan met, on Tuesday, with Mongolia's Foreign Minister Gombojav Zandanshatar at the Foreign Ministry headquarters.

Political science instructor will travel to Mongolia as recipient of Fulbright award

1/30/2012 - U.S. AIR FORCE ACADEMY, Colo. -- An Air Force Academy political science professor will soon be calling the land of Genghis Khan home.

Livestock, not Mongolian gazelles, drive foot-and-mouth disease outbreaks

Wildlife health experts from the Wildlife Conservation Society have published evidence which supports the conclusion that Mongolian gazelles—one of the most populous large land mammals on the planet—are not a reservoir of foot-and-mouth disease (FMD), a highly contagious viral disease that threatens both wildlife and livestock in Asia.

Undur Tolgoi Minerals Inc. Announces Winter Work Program Over Mongolian Property

ULAANBAATAR, MONGOLIA, Jan 30, 2012 (MARKETWIRE via COMTEX) -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (cnsx:UTM) is pleased to announce that its Board of Directors has reviewed and unanimously approved an exploration Program (the "Work Program") for the Company's Mongolian property.

Deloitte Announces Opening of Deloitte Onch LLC - A New Member Firm in Mongolia, One of the World's Fastest-growing Economies

NEW YORK, Jan. 30, 2012 /PRNewswire via COMTEX/ -- Deloitte Touche Tohmatsu Limited (DTTL) announced today it has established a new member firm in Mongolia after reaching an agreement with leading local Mongolian professional services firm, Onch Audit.

Monday, January 30, 2012

Narantuul vendors establish trade union

Officials with the Confederation of Trade Unions (CTU) visited Narantuul market on Thursday to inspect the working conditions of vendors and to research rising prices.

CWP holds assembly, changes name to CWGP

The Civil Will Party (CWP) held its eighth assembly on January 28, with some 500 delegates from the CWP and the Green Party (GP) taking part.

MPRP marks first anniversary with conference

The MPRP observed its first anniversary on January 27 and organized a conference in conjunction with the anniversary.

Importers discuss business issues

The Importers Council held a meeting at the Mongolian National Chamber of Commerce and Industry on Monday.

CIRCUS ARTISTS WIN IN MONACO

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian circus artists of the "Circus Mongolia Khadgaa" group have won a Bronze Clown Cup in the 36th International Circus Festival in Monte-Carlo.

INDIA AUGMENTS SCHOLARSHIPS FOR MONGOLIANS

Ulaanbaatar, Mongolia /MONTSAME/ India has decided to add scholarships of its government for the Mongolian students in the academic years of 2012-2013. It was reported on Friday on the www.news.mn website.

OYU TOLGOI LLC ANNOUNCES AWARD WINNERS

Ulaanbaatar, Mongolia /MONTSAME/ A total of 47 Mongolian supplier companies will receive special mention at the “Gobi of Treasure” Annual Best Supplier Recognition Award Ceremony hosted by Oyu Tolgoi, the company's website reported on Thursday.

PROGRAM APPROVED FOR HIGH TECH INDUSTRIES' DEVELOPMENT

Ulaanbaatar, Mongolia /MONTSAME/ The National Development and Innovation Committee (NDIC) announced on Thursday it approved a program on developing industry of high technologies.

U.S AMBASSADOR INAUGURATES HIS BOOK ABOUT MONGOLIA

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of the USA to Mongolia Mr. Jonathan Addleton inaugurated on Friday his book about Mongolia.

WASHINGTON MARKS MONGOLIA-US DIPLOMATIC TIES ANNIVERSARY

Ulaanbaatar, Mongolia /MONTSAME/ The Embassy of Mongolia in the USA organized last Friday a reception of honor in the Four Seasons hotel, Washington D.C,. dedicated to the 25th anniversary of the Mongolia-USA diplomatic relations.

NAT'L SECURITY COUNCIL AND ISS RUN ROUND TABLE MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A round-table meeting themed "Security of Mongolia in 2012: External factors possible to pose threat to the security" started on Wednesday in the Institute of Strategic Studies (ISS), the National Security Council (NSC).

NEW MINISTERS APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ At its plenary meeting on last Friday, the parliamentary session made a decision to appoint some ministers.

RIO MAY FREEZE OUT FRIEDLAND

Rio Tinto PLC is expected to offload a number of Australian and Asian assets now under its control after it clinched majority ownership of Canadian explorer Ivanhoe Mines Ltd.

Coal mining statistics released

The state has released coal mining statistics ahead of next month’s “Coal Mongolia 2012” forum for international investors.

Ivanhoe expects board majority to remain independent

Ivanhoe Mines Ltd. is reminding investors that a majority of its directors are expected to remain independent, shortly after Rio Tinto Ltd. said it may look to replace some of the miner’s senior management.

Petro Matad’s co-chairman Toll retires from board

Toll has retired immediately to focus on personal matters and other business interests in the mining industry, the oil firm said in a statement this morning.

CIDA funds seen to be subsidizing mining firms

The Harper government weathered a storm when it cut funding to long-standing foreign-aid groups, but is now facing more controversy over its decision to launch development projects in partnership with mining firms.

Native Americans may have come from Siberia

The earliest Native Americans may have originated in a tiny mountainous region in southern Siberia called the Altai, according to anthropologists.

Shorting Chinese Stocks 101

WANT to make a fortune short selling allegedly shonky Chinese stocks?

Inner Mongolia 2011 coal imports up by 23pct YoY

Inner Mongolia Autonomous Region, as the country largest coal producer, imported 20.7 million tonnes of coal in the whole of 2011, 23.2% more than that in 2010.

Indian Army to Hold 20 War Games with Friendly Nations

New Delhi: In its bid to have greater engagement with foreign militaries, Indian Army will this year hold between 15 to 20 bilateral war games with friendly nations like the US, Russia, France and Britain, apart from neighbours Bangladesh, Myanmar and Nepal, officers said Sunday.

Rio sets out intentions for Ivanue and Oyu Tolgoi

RIO Tinto expects to replace some directors and management at Ivanhoe Mines after grabbing majority control of the Canadian mining company, and may seek direct ownership in the massive Oyu Tolgoi copper and gold project in Mongolia.

En+ Group Plans Big Expansion

Oleg Deripaska's En+ Group plans to invest at least $1.5 billion to increase coal production by almost 50 percent by 2020 and is studying acquisitions in Russia, Mongolia and Indonesia.

Mining threatens herders in Mongolia: report

BEIJING — Mining in southern Mongolia is threatening the livelihoods of herders and straining water supplies, a report said Monday, as foreign companies race to exploit the country's rich mineral deposits.

Guildford Coal plans to start Mongolian coking coal production mid-2012

Australian coal producer Guildford Coal aims to start mining at its South Gobi coking coal project in Mongolia in mid-2012, after it received its mining licence for the project Monday, the company said in a statement.

Okinawan, Mongolian groups ink deal on rare earths

A Japan-China friendship group in Okinawa Prefecture has agreed to cooperate on procuring rare earth metals with a local goodwill group in China's Inner Mongolia Autonomous Region, sources familiar with the matter said Sunday.

Friday, January 27, 2012

MONGOLIA: WORLD ECONOMIC FORUM PUTS RAPID GROWTH IN SPOTLIGHT

Strong mining industry and diversification efforts set scene for long-term expansion – OBG’s Regional Editor

Mongolian prize finally in Rio Tinto’s grasp

RIO Tinto is expected to offload a clutch of Australian and Asian assets now under its control after it clinched majority ownership of Canadian explorer Ivanhoe Mines.

Copper soars to 4-month high on US economic hope

Copper hit a four-month high Wednesday after the US Federal Reserve pledged to hold interest rates to near zero until the end of 2014.

Economic outlook darkens for eastern Europe

The economic outlook for much of eastern Europe is continuing to darken as the eurozone crisis refuses to abate and western banks reduce lending in the region, according to the European Bank for Reconstruction and Development.

Positive Feasibility Study for Prophecy Coal’s Mine-Mouth Power Project in Mongolia

Prophecy Coal has received a positive feasibility study for the Company’s 600 MW Chandgana Mine-Mouth Power Project in Central Mongolia. The Report was independently prepared by Ralf Thomsen, Project Manager at Steag, a German firm specializing in the planning, financing, construction and operation of highly efficient, thermal power plants for fossil fuels.

Ivanhoe Mine shares surge on Rio Tinto takeover

Shares of Canada’s Ivanhoe Mines Ltd. gained more than 5 percent in aftermarket trading on Thursday after majority shareholder Rio Tinto PLC disclosed that it is reviewing the company’s board and management structure in advance of likely changes.

Rio Tinto may shake up Ivanhoe management

MELBOURNE -(MarketWatch)- Rio Tinto PLC RIO +0.38% expects to replace some directors and management at Ivanhoe Mines Ltd. IVN +4.29% after grabbing majority control of the Canadian mining company, and may seek direct ownership in the massive Oyu Tolgoi copper and gold project in Mongolia.

Rio Tinto May Seek Changes to Management of Ivanhoe After Boosting Stake

Rio Tinto Group (RIO), the world’s third- largest mining company, may seek to replace Ivanhoe Mines Ltd. (IVN)’s senior management after moving to increase its stake to 51 percent this week.

Assay Results Lift Erdene; Shares Up Almost 5%

Shares of Erdene Resource Development Corp. (ERD.TO) were lifted by almost 5% after the company announced today the final assay results from a 20-hole scout drill program at its 100% owned Altan Nar property in southwest Mongolia.

Mongolia Holds Seminar to Mark Anniversary of Ties with U.S.

Mongolian Ministry of Foreign Affairs and Trade held a seminar Thursday to commemorate the 25th anniversary of diplomatic relations between Mongolia and the United States.

Petro Matad's co-chairman Toll retires from board

Co-chairman Gordon Toll is retiring from the board of Mongolia focused Petro Matad (LON:MATD), it emerged.

Mongolia: Nomadic Life in the 21st Century

Our next big destination along the historic Trans-Siberian Railway was Mongolia.

The future of renewable energy in Mongolia

The future potential for renewable energy in Mongolia is recognized in its fifteen year renewable energy program.

The Mongolian Sandwich

Mongolia has two neighbours, China and Russia. Both of these countries are huge and have dominated Mongolia for several centuries, despite Mongolia being a sovereign republic.

Rio may push for Oyu Tolgoi stake, Ivanhoe says

MELBOURNE Jan 27 (Reuters) - Global miner Rio Tinto may push for a change in ownership of the massive Oyu Tolgoi copper and gold mine in Mongolia, which is two-thirds owned by Canada's Ivanhoe Mines, the Canadian miner said in a U.S. filing.

Wednesday, January 25, 2012

MPP caucus discusses draft laws, gas prices

In addition to criticizing MPP Chairman and Prime Minister S.Batbold for his nominations to fill six ministerial vacancies, the MPP caucus addressed several other issues at its regular meeting on Monday.

PM urges Parliament to “urgently” discuss ministerial appointments

Prime Minister S.Batbold submitted his nominees for six ministerial vacancies to Speaker D.Demberel on Tuesday.

Working group discusses rising prices

On Tuesday, a Standing Committee on Economics working group headed by D.Gankhuyag held an open discussion on rising prices at the Government House.

DP caucus rejects MPP ministerial nominees

The DP caucus on Tuesday rejected the MPP’s nominees for six ministerial vacancies created when the DP pulled out of the coalition government.

German technology center opens in Mongolia

The German Society for International Cooperation opened a new German technology center in Ulaanbaatar on Tuesday.

International basketball tournament to be held

The Mongolian Basketball Federation is sponsoring the “UB Cup 2012” international tournament at the Sport Palace from February 7 to 12 with the assistance of Pepsi Cola.

Mongolia’s embassy in Kiev observes anniversary

Mongolia’s embassy in Kiev recently observed the 20th anniversary of the establishment of diplomatic relations between Mongolia and Ukraine.

DP MPs blame MPP for delaying draft pension law

On Thursday, DP MPs P.Altangerel and S.Erdene told journalists that the MPP caucus has delayed discussion of a draft law on pension increases.

IMF official: Mongol Bank not to blame for rising gas prices

Steven Barnett, the head of the Asia and the Pacific Department of the International Monetary Fund (IMF), recently answered our correspondent’s questions.

MILITARY OFFICERS ARE SHOWING THEIR COLLECTIONS

Ulaanbaatar, Mongolia /MONTSAME/ An exhibition named "My hobby" opened on Monday in the Mongolian Military Museum.

NAT'L SECURITY COUNCIL AND ISS RUN ROUND TABLE MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A round-table meeting themed "Security of Mongolia in 2012: External factors possible to pose threat to the security" started on Wednesday in the Institute of Strategic Studies (ISS), the National Security Council (NSC).

SCHOLARSHIPS NAMED AFTER PRESIDENT AWARDED

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, a head of the Presidential Office D.Battulga granted scholarships to some foremost students.

PM SENDS DRAFT RESOLUTION ON APPOINTMENT OF MINISTERS

Ulaanbaatar, Mongolia /MONTSAME/ The Premier S.Batbold submitted on Tuesday to the Speaker D.Demberel a parliament draft resolution on appointing six members of the cabinet.

PRESIDENT LEGS HERDER FAMILY

Ulaanbaatar, Mongolia /MONTSAME/ While touring last weekend with a working visit in Omnogobi aimag, the President Ts.Elbegdorj has stayed overnight in a family of G.Bugd, a foremost herdsman, in Khurmen soum.

City of Ulaanbaatar

In November of 2001, after a trade mission that took him throughout Asia, former Mayor Webb returned to Denver with the intention of making Ulaanbaatar our tenth sister city.

Thai Banpu to invest $600 mln, sees growth in 2012

Thailand’s top coal miner, Banpu Pcl, said on Friday it aimed to invest $600 million in 2012, mostly to develop coal mines in Indonesia and Australia, and it expected higher operating profit this year.

Miner Rio clear to take over Mongolia project after Ivanhoe relents

Global miner Rio Tinto is clear to take over Mongolia’s coveted Oyu Tolgoi project, which promises to be one of the world’s largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial “poison pill”.

Canadian Stocks Decline as Greece Debt Talks Reach Stalemate

Jan. 24 (Bloomberg) -- Canadian stocks fell for the first time in five days, led by banks, as talks between European finance ministers and holders of Greek debt reached a stalemate.

2:20. Interesting ?..funds

Marc Faber spoke with CNBC about the state of emerging markets and, notably, frontier markets.

Canasta hoping for winning hand in Mongolia

Some bands say "world tour," and it means they've booked Vancouver immediately after Seattle.

Erdene mulls construction of marine terminal

A junior mining company in Halifax is considering whether to build a new marine terminal in Guysborough County aimed at providing building aggregate for the recovering United States construction industry.

Nature’s voice

Mongolia, a steppe country in Central Asia, is known for unspoiled nature, nomadic life, gers made of felt, the seemingly endless expanses of blue sky, the Gobi Desert, and the Altai Mountains.

Ministry plans to build 40 kindergartens

The Ministry of Education, Culture and Science plans to build 40 kindergartens in the state this year with the assistance of the World Bank.

S.Miyaragchaa: Now my dream is to participate in the London-2012 Olympic Games

Mongolian judoists competed at The World Master-2012, initiated by the International Judo Wrestling Association on January 14 to15 in Almaty, Kazakhstan.

Prophecy Provides EPC, PPA, Project Financing Update on Chandgana Power Plant Project

VANCOUVER, BRITISH COLUMBIA, Jan 24, 2012 (MARKETWIRE via COMTEX) -- Prophecy Coal Corp. ("Prophecy" or the "Company") CA:PCY -5.56% (otcqx:PRPCF)(frankfurt:1P2) is pleased to provide the following update on EPC (Engineering, Procurement, Construction), PPA (Power Purchase Agreement), and project financing in connection with its proposed 600 MW Chandgana power plant project in Mongolia.

Hanmi pharmaceutical enters into agreement with Mongolian firm MEIC over supply of OTC products

Hanmi's 13 OTC products including 'Ten Ten' Multi-Vitamins for children, NSAID 'Dexibuprofen' will be marketed in the Mongolian market.

Rio Tinto takes majority stake in Ivanhoe

For the first time in recent memory, a creeping takeover in Canada has succeeded.

Kazakhstan, Mongolia’s Gold Reserves Increased in December, IMF Data Show

Kazakhstan raised its gold reserves by 3.1 metric tons in December to 76.7 tons, according to data on the International Monetary Fund’s website.

Rio Tinto takes majority stake in Ivanhoe

For the first time in recent memory, a creeping takeover in Canada has succeeded.

Canada's Man in Mongolia Has Fond Atlanta Memories

This story is part of an upcoming special report on Mongolia, the second country to be featured in our Emerging Market Series.

Tuesday, January 24, 2012

Protesters continue demonstration

A group of demonstrators headed by Confederation of Trade Unions (CTU) President S.Ganbaatar protested outside the Government House on Monday.

MP asks about rising fuel prices in aimags

On Monday, Chief of the Standing Committee on Security and Foreign Policy Ya.Batsuuri sent a query to Prime Minister S.Batbold about rising gasoline prices in some aimags.

DP caucus raises issue of Mongol Bank president’s resignation

At its regular meeting on Monday, the DP caucus discussed the recent increase in fuel prices and decided to raise the issue of Mongol Bank President L.Purevdorj’s resignation in Parliament.

Democratic Union marks 22nd anniversary

The Democratic Union of Darkhan-Uul aimag organized a symposium on January 22 to mark its 22nd anniversary.

President meets with Khanbogd soum residents

During his visit to Umnugobi aimag, President Ts.Elbegdorj met with Khanbogd soum residents to hear their suggestions and complaints and to answer their questions.

Speaker receives demonstrators

On Monday, Speaker D.Demberel and Chief of the Standing Committee on Economics D.Zorigt received representatives of the Confederation of Trade Unions (CTU) demonstrators protesting price increases in the country.

Mayor on official visit to Germany

Ulaanbaatar Mayor G.Munkhbayar is on a four-day official visit to Germany at the invitation of Jurgen Nimptsch, the mayor of Bonn.

President sends note on ministerial appointment

On Monday, Prime Minister S.Batbold sent a note regarding the filling of six ministerial vacancies to President Ts.Elbegdorj. On Tuesday, the President replied.

PM to submit ministerial nominations to Speaker

Now that he has received the President’s reply to his note regarding the filling of six ministerial vacancies, Prime Minister S.Batbold will submit the nominations to Speaker D.Demberel on Tuesday.

DRAFT LAW ON DONOR SUBMITTED

Ulaanbaatar, Mongolia /MONTSAME/ The Parliament Speaker accepted last Friday a draft amendment to the law on donor.

SOME MINISTERS APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ In view of a parliamentary resolution on discharging some cabinet members from the posts, S.Batbold PM has released an order.

VICE MINISTER OF AGRICULTURE IN GERMANY

Ulaanbaatar, Mongolia /MONTSAME/ The Vice Minister of Food, Agriculture and Light Industry J.Saule attended an opening ceremony of the International Green Week held on January 20 in Berlin, Germany.

PM SENDS DRAFT RESOLUTION ON APPOINTMENT OF MINISTERS

Ulaanbaatar, Mongolia /MONTSAME/ The Premier S.Batbold submitted on Tuesday to the Speaker D.Demberel a parliament draft resolution on appointing six members of the cabinet.

“Coal Mongolia” forum to attract 700 delegates

The Ministry of Mineral Resources and Energy, the National Development and Renovation Committee (NDRC), and the mining sector website mining.mn are jointly organizing a forum for international investors called “Coal Mongolia 2012” at the SS convention center on February 9 and 10.

Ivanhoe Mines scraps shareholder rights plan paves way for Rio Tinto

Ivanhoe Mines said that it will scrap its shareholder rights plan, clearing the way for its single largest shareholder, Rio Tinto to take over what could be one of the world’s largest copper-gold mines.

Hong Kong Stocks Rise on U.S. Jobs Data, Falling European Yields

Jan. 20 (Bloomberg) -- Hong Kong stocks advanced, with the Hang Seng Index posting its biggest weekly gain since the start of December, as U.S. initial jobless claims and European borrowing costs declined.

Mongol Rally Will Take Two Miamians Across One-Third the Earth's Surface In A Tiny Car

Think your commute sucks? ​

Petro Matad names Zebrowitz COO

Petro Matad Ltd., the parent company of a group focused on oil exploration, as well as future development and production in Mongolia, has appointed Mark Zebrowitz to its senior management team as COO.

Mongolian president rejects cabinet nominations

ULAN BATOR, Jan. 24 (Xinhua) -- The Mongolian president on Tuesday rejected four out of six ministerial nominations, citing that their legislator identities may lead to an imbalanced government, the government's press service said.

Monday, January 23, 2012

Duties of dismissed ministers transferred

Prime Minister S.Batbold issued an order replacing the six outgoing DP ministers in accordance with a protocol of Parliament on January 20, 2012, and a provision of the law on government.

Demonstrators deliver note of demands to Government

Demonstrators at Sukhbaatar Square on January 20 delivered a note of demands to the Government.

President Ts.Elbegdorj tours soum near Tavantolgoi

On Sunday, President Ts.Elbegdorj met with residents of Tsogttsetsii soum in Umnugobi aimag, after his visits to the Tavantolgoi and Oyutolgoi mining projects.

Mayor introduces roads plan

Ulaanbaatar Mayor G.Munkhbayar, Deputy Mayor B.Munkhbaatar, and other officials introduced a plan for road construction and repair on Saturday.

Capacity of Gashuunsukhait border crossing enhanced

A subsidiary of Energy Resource LLC, Gobiin Zam, has implemented a project to expand the capacity of the Gashuunsukhait border crossing.

CENTRAL BANK: MONGOLIA RANKED 81ST PLACE BY ECONOMIC FREEDOM INDEX

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia's economic freedom score is 61.5, making its economy the 81st freest in the 2012 Index, the Bank of Mongolia has reported.

PRESIDENT LEGS OYU TOLGOI COMPANY

Ulaanbaatar, Mongolia /MONTSAME/ Within a working tour to Omnogobi, the President Ts.Elbegdorj got acquainted on Friday with works of the Oyu tolgoi mineral deposit.

AMBULANCE CARS PRESENTED

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, the city and local hospitals received new ambulance cars.

LAW ON SOCIAL WELFARE REVISED BENEFICIAL FOR MANY

Ulaanbaatar, Mongolia /MONTSAME/ Welfare services will be distributed to the homeless, low-income people, orphans and people released from prisons, even alcohol addicts.

TS.ELBEGDORJ LEAVES FOR OMNOGOBI

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj left on Thursday for Omnogobi aimag and started his tour from the Tavantolgoi coal deposit located in Tsogttsetsii soum.

SPEAKER RECEIVES RESOLUTION ON DISCHARGING MINISTERS FROM POSTS

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, head of the Cabinet Secretariat of the Government Ch.Khurelbaatar submitted to the Speaker D.Demberel a draft resolution of parliament on discharging six ministers from the posts.

No exploration licenses to be issued in 2012

On January 12, the first discussion of a Bill to amend the law on banning the issuance of new exploration licenses was held in parliament.

“Miner & Supplier 2012” forum to be held

The NGO Mineral Resources and Mining Exchange is holding its second “Miner & Supplier” forum at the Chinggis Hotel on March 15 and 16.

New vehicle tax will raise MNT 12.5 billion

The Auto Transportation Office began to levy fees on vehicle owners on January 1.

ADB, Mongolia Sign Agreements to Support Ger Areas Development and Deepen Financial Services

The Asian Development Bank (ADB) and Mongolia’s Ministry of Finance today signed two grants to improve urban services in Ulaanbaatar’s ger areas and to improve financial services for the low income households.

Estonian Baruto claims first sumo title

TOKYO (AP)—Estonian Ozeki Baruto was presented with his first Emperor’s Cup on Sunday after winning the New Year Grand Sumo Tournament.

ESF | Spotted: SUNY-ESF researchers capture first images of snow leopards in Siberian mountains

A snow leopard crouches low to the ground on a barren, snow-covered rocky ledge.

Bhutan establishes diplomatic relations with Mongolia and Vietnam

The joint communiqué on the establishment of diplomatic relations was signed between ambassador and permanent representative of Bhutan to the United Nations in New York Lhatu Wangchuk and ambassador and permanent representative of Mongolia to the United Nations in New York, Enkhtsetseg Ochir on January 18.

Ivanhoe Mines Negotiates an Additional US$1.8 Billion Bridge Financing as Part of the Comprehensive Financing Plan for Oyu Tolgoi

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Ivanhoe Mines (TSX:IVN.TO - News)(NYSE:IVN.TO - News)(NASDAQ:IVN.TO - News) Chairman David Huberman said today that the company's Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013.

Hockey night in Mongolia

On a frigid December morning, on a outdoor rink on the edge of town, the Ice Sharks come out to practice.

B.Chinbat: The concert will be the comeback challenge to Mongolians who are abroad

We met with pianist, and composer B.Chinbat beofre going to Korea for his concert “Sweetymotion and Chinba” with the Sweetymotion girls group.

Lunar New Year celebrations reflect Bay Area diversity

Amid the profusion of Lunar New Year celebrations signaled by Monday's new moon, Ariuntuul Avirmed thinks you might not have heard of her festival, Tsagaan Sar.

President Ts. Elbegdorj visits Oyu Tolgoi

“This is a very large, world-class mining project. Investor Rio Tinto is a responsible, reliable company.

Masa Igata: If Tavan Tolgoi IPO is done in a rush there could be a loss of USD $3 – 4 billion

Below is an interview with the CEO of Frontier Securities, Masa Igata.

Mongolia Aims for Tavan Tolgoi IPO by June

HONG KONG--The Mongolian government is looking to launch a multibillion dollar initial public offering of a mega coal deposit ahead of parliamentary elections in June, with plans to list state-owned Erdenes-Tavan Tolgoi Co. in London and Mongolia, people familiar with the situation said.

Friday, January 20, 2012

President receives Mongolia’s new ambassador to Japan

On Wednesday, President Ts.Elbegdorj received S.Khurelbaatar, Mongolia’s new ambassador to Japan, and presented him with the credentials he will present to Japan’s emperor.

Mongolia establishes diplomatic relations with Panama

Mongolia formally established diplomatic relations with Panama on January 17.

MPRP demands resignation of Parliament

MPRP Secretary General N.Udval and other party members delivered a note to Speaker D.Demberel at the Government House on Thursday demanding the resignation of all members of Parliament.

MPP considers naming new secretary general

The MPP managing council met behind closed doors in the Government House on Thursday to discuss naming a new party secretary general.

Parliament approves draft laws on press freedom

Parliament on Thursday discussed two draft laws on press freedom, one submitted by the Government and one submitted by the president, as well as amendments to the civil law and the criminal law.

Standing Committee accepts ministers’ resignations

The Standing Committee on State Structure accepted the resignations of six DP ministers on Friday and sent the matter to the full Parliament for discussion.

Sukhbaatar Square demonstrators demand price controls

About 600 demonstrators gathered in Sukhbaatar Square on Friday to demand the Government do something to stop rising prices.

MINER & SUPPLIER FORUM TO RUN

Ulaanbaatar, Mongolia /MONTSAME/ The Minerals and Mining Exchange will organize the "Miner&Supplier" forum on March 15-16 in Chingis Khaan hotel in the UB city.

TS.ELBEGDORJ LEAVES FOR OMNOGOBI

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj left on Thursday for Omnogobi aimag and started his tour from the Tavantolgoi coal deposit located in Tsogttsetsii soum.

STATE HEAD WANTS TO SUPPORT MONGOLIAN STUDIES

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the President Ts.Elbegdorj released a decree of creating a fund for supporting Mongolian studies.

PRESIDENT EXPRESSES HIS VIEW TO PM'S PROPOSAL

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the President of Mongolia Ts.Elbegdorj addressed a letter from the Premier S.Batbold, expressing his views about the matter on leaving the coalition government of six cabinet members.

SPEAKER RECEIVES RESOLUTION ON DISCHARGING MINISTERS FROM POSTS

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, head of the Cabinet Secretariat of the Government Ch.Khurelbaatar submitted to the Speaker D.Demberel a draft resolution of parliament on discharging six ministers from the posts.

50 thousand people will take part in demonstration

On 20th of January, the Confederation of Mongolian Trade Unions (CMTU) will organize demonstrations against price increase on products and goods.

Nomadism in Mongolia-The - best place - last

IT IS what is underfoot that counts.

Friedland’s Ivanplats Said to Consider $1 Billion Initial Public Offering

Ivanplats Ltd., a mining company controlled by billionaire Ivanhoe Mines Ltd. founder Robert Friedland, may seek as much as $1 billion in an initial public offering as early as the second quarter, according to people with knowledge of the plan.

Winsway Denies Short-Seller’s Allegations Company Overstated Coal Imports

Winsway Coking Coal Holdings Ltd. (1733), which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported.

China’s New Strategic Target: Arctic Minerals

As policymakers in Washington focus on China’s expanding presence in Africa and growing assertiveness in the South China Sea and Indian Ocean region, Danish diplomatic assistance is opening the gate for China to establish a strategic foothold in the Arctic.

Copper excitement

On Thursday, the copper price on the London Metal Exchange reached a four-month high of over US$8,210/t for three-month delivery.

Guest post: frontier markets up the ante on political risk in mining

Mining companies have been busy scouring investment frontiers that they once avoided.

Positive economic news powers TSX

The Toronto stock market closed higher Thursday as financials improved in the wake of U.S. strong bank earnings, a better than expected reading on manufacturing and copper prices that continued to rack up strong gains.

Ivanhoe Mines Negotiates an Additional US$1.8 Billion Bridge Financing as Part of the Comprehensive Financing Plan for Oyu Tolgoi

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Ivanhoe Mines (TSX:IVN.TO - News)(NYSE:IVN.TO - News)(NASDAQ:IVN.TO - News) Chairman David Huberman said today that the company's Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013.

Winsway Denies Claims in Report Over Level of Coal Imports

Jan. 20 (Bloomberg) -- Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated.

Berkh Uul JSC (mse:BEU) Completes 1,700 Meter Drilling Program

ULAANBAATAR, MONGOLIA, Jan 19, 2012 (MARKETWIRE via COMTEX) -- Berkh Uul JSC (mse:BEU) is pleased to announce the successful completion of its 1,700 meter drilling program at the Delgerkhaan fluorspar deposit.

Winsway Denies Claims in Report Over Level of Coal Imports

Jan. 20 (Bloomberg) -- Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated.

Mongolian Traffic Lights Direct Horses, Not Cars

It is rather fitting for Ulaanbaatar, the modern-day capital of the country which was once the largest contiguous land empire in the history of the world, to have traffic lights which depict horsemen.

Booming Mongolia Mine, all mine

“GOIN’ to OT?” drawls Andy, a burly tattooed man with that worldly air common to those who have done time in the American army.

Thursday, January 19, 2012

Officials discuss rare mineral development

The Ministry of Mineral Resources and Energy held a seminar on rare mineral development in the Government House on Tuesday.

Did DP pulling out of coalition government cause rising prices?

Some commentators have blamed rising gasoline and consumer goods prices on the DP’s withdrawal from the coalition government.

Mongolian Stock Exchange issues 2011 report

The Mongolian Stock Exchange (MSE) issued its 2011 report on Tuesday.

MPs support pension increase

On Wednesday, at a meeting of the Standing Committee on Social Policy, Education, Culture and Science, members approved a draft law to increase pensions.

Government fires head of Nuclear Energy Authority

The Government on Wednesday fired S.Enkhbat, the head of the Nuclear Energy Authority (NEA).

Investment conference to be held in Ulaanbaatar

The “Investment 2012” conference will be held in the Children’s Palace on January 20 at the initiation of Mayor G.Munkhbayar.

G.Zandanshatar: China to increase petroleum exports to Mongolia

Foreign Affairs and Trade Minister G.Zandanshatar spoke with our correspondent about his recent trip to China.

Financial Stability Council discusses Development Bank issue

The Financial Stability Council met on Wednesday to discuss proposed amendments to the law on the Development Bank (DB).

Some temples and churches observed World Religion Day

Representatives from Buddhism-Dashchoilin Monastery, Christianity-Catholic Church, Judaism, Hinduism, Muslim and the Baha"i Faith commemorated World Religion Day together on January 14, 2012 in the Meeting Hall of Chinggis Khaan Hotel.

Finance Ministerial Council discusses several issues

The Finance Ministerial Council headed by minister S.Bayartsogt met on Wednesday and there were several issues on the agenda.

Another group to take part in Friday demonstration

The civil movement Promise Claiming People’s Union says it will take part in Friday’s demonstration against rising gasoline prices.

Parliament passes laws on conflicts of interest, anticorruption

Parliament on Thursday passed draft laws on preventing conflicts of interests in state agencies, on anticorruption, and on state services.

DEMPARTY FACTION WANTS TO ALTER LOCAL ELECTION LAW

Ulaanbaatar, Mongolia /MONTSAME/ The Democratic Party's faction discussed on Monday a law on local election and considered as necessity to alter it, especially the voting closing time.

PM REVEALS CANDIDATES FOR MINISTERS' POSTS

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister of Mongolia and chairman of the Mongolian People's Party (MPP) S.Batbold gave on Tuesday presented six candidatures for posts of ministers.

MONGOLIA ESTABLISHES DIPLOMATIC RELATIONS WITH PANAMA

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia has established the diplomatic relations with the Republic of Panama.

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet decided to convey a matter to parliament on releasing stocks of up to MNT 300 billion with an aim to recover the state budget's lost and difficulties at the budget.

Expatriate musings on Mongolia:City stumbling

One day, in Ulaanbaatar (UB), I was talking with a fellow foreigner about my job at the UB Post, and he commented, “If a journalist is not assassinated, he is not doing his job.” Now, I think that is a bit extreme, don’t you? Nobody wants to be assassinated. And, that’s easy for him to say, since he is not a journalist. I’d like to see him write some articles and put his neck on the line. I’m sure he has some tales to tell.

Standing Committee approves tax exemption for farm equipment

On Tuesday, the Standing Committee on Budget approved and sent to Parliament draft laws that would exempt agricultural equipment from value-added and customs taxes.