Saturday, June 30, 2012

Spirits of Mongol Lands

I was recently on a mining practice course with fellow students from the Mining Engineering School of the Mongolian University of Science and Technology.

Saker numbers expected to increase by 2015

A favorite bird of Chinggis Khan, 150 Saker Falcons will be exported this year, an agreement reached at a Mongolian cabinet meeting earlier this month. 

Conversation with Tsakhia Elbegdorj, President of Mongolia

Q: As many foreign and Mongolian businesses say, corruption is rampant in Mongolia.

Mongolian President expresses pride in succesful democratic election

ULAANBAATAR, MONGOLIA – From the Office of the President of Mongolia: The following is a statement released by Mongolian President Tsakhia Elbegdorj to international journalists and organizations observing Mongolia’s seventh parliamentary election upon the conclusion of voting:

DISABLED PEOPLE ARE VOTING

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Commission (GEC) has tried to provide the disabled with all possible opportunities to vote.

DEMPARTY'S LEADERS VOTE

Ulaanbaatar, Mongolia /MONTSAME/ A chairman of the Democratic Party (DP) N.Altankhuyag voted at 26th and 26th constituencies in Songinokhairkhan district at 11 am.

VOTING STOPS

Ulaanbaatar, Mongolia /MONTSAME/ The election voting stopped at 8.00 pm nationwide.

FOREIGNERS OBSERVE ELECTIONS

Ulaanbaatar, Mongolia /MONTSAME/ Some 44 observers from USA, Great Britain, Canada, Republic of Korea, Kyrgyzstan, Russia and Taiwan, as well as from international organizations are working here to watch how the election process is going. 

GEC: 65.24% OF CITIZENS CAST THEIR VOTES

Ulaanbaatar, Mongolia /MONTSAME/ By 8.00 pm, one million 198 thousand and 086, or 65.24 per cent, out of one million 833 thousand 478 citizens have voted in the elections--66.8 per cent in localities and in the city--63.24 per cent.

SOME BALLOTS ARE COUNTED BY HAND

Ulaanbaatar, Mongolia /MONTSAME/ According to the law on automatic election system, the General Election Committee /GEC/ has decided to count ballot papers by hand.

MPP CALLS FIRST NEWS CONFERENCE

Ulaanbaatar, Mongolia /MONTSAME/ At 23 pm the Mongolian People's Party /MPP/ called a news conference at the Independence Palace.

CH.SAIKHANBILEG: WE WON IN CITY

Ulaanbaatar, Mongolia /MONTSAME/ Preliminary, candidates from the Democratic Party (DP) have gained 11 seats out of 14 mandates in the constituencies of Ulaanbaatar city.

CH.SAIKHANBILEG: DP GOT 23 SEATS THROUGH MAJORITY SYSTEM

Ulaanbaatar, Mongolia /MONTSAME/ At 9.30 am on Friday, a head of the Democratic Party's (DP) faction reported that DP has captured 23 seats out of 48 mandates in 26 constituencies through the majority system rule; and the Mongolian People's Party (MPP)--19 seats; the "Justice" joint coalition (Mongolian People's Revolutionary Party and National Democratic Party)--three seats; and independent candidates--three seats.

MONGOLIANS ABROAD CHOOSE DEMPARTY'S MPS

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Committee introduced a counting result of election votes of Mongolians abroad.

MONGOLIAN PEOPLE'S PARTY REPORTS

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolia's People's Party (MPP) still has possibility to take 25-26 seats of parliament, said O.Enkhtuvshin, the MPP's Secretary-General at a press conference called at 1.00 am on Friday.

MONGOLIA'S CULTURE DAYS TAKE PLACE IN DENMARK

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia's culture days are taking place in Lemvig of Denmark from June 24 to July 1.

OUR JUDOISTS ARE RANKING HIGH

Ulaanbaatar, Mongolia /MONTSAME/ The International Judo Federation (IJF) issued on Monday the latest world ranks of judoists.

A.P.TORSHIN: ELECTIONS ORGANIZED PROPERLY

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolians have organized the elections very well, said on Friday A.P.Torshin, the Deputy chairman of the Federal Council of the Russian Federation (RF) and state advisor to the RF.

JUDGES APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia, Ts.Elbegdorj has appointed some judges and general judges by his 107th decree on June 26.

PRESIDENT RECEIVES A.P.TORSHIN

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj received on Friday a delegation headed by A.P.Torshin, the Deputy chairman of the Federation Council of the Russian Federation (RF) and state advisor to the RF.

GEC PRESENTS PRELIMINARY RESULT

Ulaanbaatar, Mongolia /MONTSAME/ At 3.30 pm on Friday, the General Election Commission (GEC) revealed an official preliminary result of the parliamentary election run by the proportional system.

NEW MPS REVEALED PRELIMINARY

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Commission (GEC) revealed an official preliminary result of the parliamentary election run by the majority system, at a press conference at 3.30 pm on Friday.

MONGOLIA’S COAL RICHES CAUSING DIPLOMATIC NIGHTMARE

Mongolia boasts huge deposits of coal, cooper, gold, uranium and many other rare minerals, and is opening up its vast resources to the world; this has however led to many diplomatic problems for the Asian nation.

MONGOLIA’S BID TO DODGE THE RESOURCE CURSE THROUGH GREEN POWER

As Mongolia goes to the polls for parliamentary elections the country – remote, still largely unknown, the most sparsely populated on Earth – is enjoying a rapid and well documented boom as it begins to exploit its vast mineral wealth.

CENTRAL ASIA: A ROCKY ROAD TO RICHES

The story of Mongolia’s mining boom begins billions of years ago, when magma from deep in the earth’s mantle forced its way close to the surface and deposited rich mineral veins across Central Asia.

MONGOLIA’S DEMOCRATIC PARTY LEADS AFTER VOTE FOR PARLIAMENT

Mongolia’s opposition Democratic Party is leading after early counting from parliamentary elections though no party has a clear majority, President Tsakhia Elbegdorj said in an interview today.

Face Time | Stana Katic

When I met up with Stana Katic recently at the Crosby Hotel, she was thrilled, having just learned that her show “Castle” (in which she plays a detective) had been renewed for a fifth season.

NVMN: New Buzz for AAPL Possibly Buying Tesla Further Highlights Critical Lithium Shortage

SAN ANTONIO, Jun 29, 2012 (BUSINESS WIRE) -- Management of Nova Mining Corp. NVMN +10.00%disclosed today that they are further reassured that their recent move to secure valuable Lithium product from three large licensed Lithium fields is economically sound and perfectly timed, due to recent important events.

How corrupt is Mongolia?



One-third of the country's three million people live below the poverty line, and many say they haven't seen any benefit from the rapid economic growth.

At stake in the election was the issue of spreading the wealth of the country's mining boom. The money is rolling in but the people remain poor.

Mongolia is wedged between China and Russia, and has massive deposits of coal, copper, gold and uranium.

The government estimates its mineral reserves to be worth $1.2 trillion.

The country's economy grew by 17.3 per cent last year, one of the fastest-growing in the world. Its foreign direct investment stands at around $5bn.

And overshadowing everything is the blight of corruption, which poses the biggest danger to Mongolia's future.

In admitting this Elbegdorj Thakia, the Mongolian president, told Al Jazeera: "Corruption is a big problem, because of corruption, because of bad governance I think most of the emerging societies are failing and failed. We [don't] want to repeat that."

Inside Story asks: How is the Mongolian government going to handle its booming economy? And what is it going to do about its rampant corruption?

Joining presenter Shiulie Ghosh for the discussion are guests: Jargalsaikhan Dambadarjaa, a Mongolian columnist, TV host, economist and management consultant; Andrew Leung, an economist and political commentator, and the former Hong Kong government representative to the UK; and David Sneath, the director of studies in Archaeology and Anthropology at the University of Cambridge, and former director of the university's Mongolia and Inner Asia study unit.

"The idea of corruption or underhand dealings of elites feathering their own nests, this has made social justice a really central issue in this election campaign…the Mongolian public are waiting to be convinced."

David Sneath, a professor at the University of Cambridge

MONGOLIA CORRUPTION:

The elections on June 28 will be the seventh since Mongolia ended 70 years of communist rule in 1990. 

Voters will choose between the ruling Mongolia People's Party and the opposition Democratic Party. Voter turnout is expected to be more than 80 per cent.

But its democracy is threatened by high levels of corruption. Mongolia ranked 120 out of 183 countries on the Transparency International's 2011 corruption perceptions index.

Nambaryn Enkhbayar, the former Mongolian president, was arrested in April over suspected corruption but was later released following international pressure. He left the ruling MPP to form his own party, and was barred from running in this election.

Source:
Al Jazeera

Parliament Elections Mongolia

CNN PRODUCER NOTE enkhbileg took this photo of media personnel showing their ID's to security in order to enter the press conference held by the General Elections Committee.

Democratic party leads Mongolia poll

Mongolia’s Democratic party has declared victory in parliamentary elections but the electoral commission has delayed the release of official results amid allegations of voting fraud.

Inverness to Ulaanbaatar rider breaks ankle in Mongolia

A man raising money for a hospital near his home by riding a motorcycle from Inverness to Ulaanbaatar required medical treatment in Mongolia.

Mongolia vote count delayed by tech problems

ULAN BATOR — Technical problems hit the vote count in Mongolia's parliamentary elections Friday, delaying the result of a poll that will determine who controls the resource-rich country's divisive mining boom.

Mongolia A Big Boost For Rio Tinto

New sources of minerals close to expanding industry are critical to future mining industry profits.

Mongolia's top election issue: how to spend new riches

Mongolians went to the polls Thursday as their remote but resource-rich country faces the possibility of economic triumph or disaster.

1,198,086 Mongolians Cast Their Votes

The long-awaited 2012 Parliamentary Election was carried out peacefully yesterday and Mongolian citizens eligible to vote cast their ballots from 7 am to 8 pm for the political parties and candidates through 1,908 election sub-committees.

Mongolia’s Elite - Lies and a Solution

Most politicians in Mongolia are closely related to Mongolia’s business elite.

Mongolia’s MDP claims election lead

* Right-leaning party says wins 36 of 76 seats
* Election commission has yet to confirm results

More dinosaur-smuggling cases likely in the future

Mongolia's claim to a tyrannosaur skeleton that experts agree was smuggled out of the country has captured international attention. However, this dinosaur's situation does not appear unique.

Mongolia vote snags as ruling party seeks recount

ULAN BATOR, Mongolia — Calls by Mongolia's ruling party for a recount of votes at some polling stations Friday delayed results in sharply contested legislative elections that centered on how to spread the wealth from the poor but fast-growing country's mining boom.

After 13 days in orbit, China's first female astronaut returns to Earth

China's first female astronaut and two other crew members emerged smiling from a capsule that returned safely to Earth on Friday from a 13-day mission to an orbiting module that is a prototype for a future space station.

Mongolian President's Party Likely to Lead Parliament

A change in control of Mongolia's Parliament appears likely after the Democratic Party this week picked up the most votes in legislative elections, during which politicians campaigned on populist promises to share mining wealth.

Friday, June 29, 2012

More Dinosaur-Smuggling Cases May Follow Tyrannosaur's Heels

Mongolia's claim to a tyrannosaur skeleton that experts agree was smuggled out of the country has captured international attention.

Gay Mongolians see flickers of progress amid fear and ostracism

On a Friday night in June, Ulan Bator's only gay bar is a dark building in a sea of dark buildings.

Polls close in Mongolian election

The mining boom and moves to keep profits in Mongolia have become key election issues.

Mongolia awaits results of parliamentary elections

The opposition Democratic Party, which had promised to more evenly distribute the country's new mining riches, said it believed it would be able to form a ruling coalition in the 76-seat parliament with minor parties.

Cronyism At Its Worst In Mongolia

As I wrote on Monday, the Mongolian elections will go ahead without former president Enkhbayar standing for his Mongolian People’s Revolutionary Party (MPRP).

New Mongolian government faces discontent

Mongolians have elected a new parliament that may - or may not - usher in needed change.

Erdene to Separate into Two Public Companies focused on Donkin Coal Development and Mongolia Exploration

HALIFAX, NOVA SCOTIA, Jun 28, 2012 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. /quotes/zigman/41761 CA:ERD -4.17% ("Erdene" or "Corporation") announced today that an agreement in principle has been reached whereby Advanced Primary Minerals Corp. (TSXV-APD) ("APM") will acquire all of Erdene's North American interests, comprised primarily of Erdene's interest in the Donkin Coal Project ("Donkin").

Mongolia: New Electoral Law Aims To Help Women Enter Parliament

If all goes as envisioned on June 28, Mongolia’s parliament will no longer be a male bastion.

Mongolia Holds Legislative Election

ULAN BATOR, Mongolia—Mongolians traveled by foot, car and horse to vote for a new legislature Thursday in an election that centered on better spreading the benefits of Mongolia's mining boom across the vast and still largely poor country.

Guest post: Mongolia’s bid to dodge the resource curse through green power

As Mongolia goes to the polls for parliamentary elections the country – remote, still largely unknown, the most sparsely populated on Earth – is enjoying a rapid and well documented boom as it begins to exploit its vast mineral wealth.

Mongolian Mining Bets China Will Double Coal Imports

Mongolia Mining Corp. (975) is betting there’s enough demand from China to support the construction of an $800 million railway that will double export capacity to the nation that counts Mongolia as its biggest coal supplier.

Mongolia’s Elections: Voters Go to the Polls with Mineral Riches at Stake

As birds of prey soared overhead and livestock grazed on the summer’s grassland bounty, Baterdene jumped off his horse and strode into the wooden primary school in Erdene village in Mongolia’s Tov province.

Thursday, June 28, 2012

Foreign Media and Election Observers in Place for Election

2012 Parliamentary Election and the City Council or the Capital City Representative Khural will be carried out at the same time in the every corner of Mongolia from 7am to 8 pm.

The Impacts of Mongolia's "100,000 Homes Project"

June 26 (Mongolian Properties) Astronomical mortgage rates in Mongolia have made the prospect of owning a house unattainable for the majority of Mongolians in Ulaanbaatar.

The Current Political Landscape of Mongolia

June 26 (Mongoliana) The parliamentary and provincial elections of 2012 are to be held on the 28th of June. 

Mongolia seeks mining advice in WA

PERTH, June 27 (miningweekly.com) - Western Australia's training providers was assisting a Mongolian delegation in government-industry relations to help meet the country's demand for trained miners.

The Significance of the Ulaanbaatar City Council Election

June 26 (Byambajav) The importance of the Ulaanbaatar City Council election was never as high as this year's.

Asia Pacific Investment Partners Appoints Chief Operating Officer

June 27 (APIP) Asia Pacific Investment Partners ("APIP"), a Mongolia focused operating group primarily engaged in property development and cement production, has today announced the appointment of its new Chief Operations Officer of Infrastructure and Construction, Joshua Haines.

UBS Becomes Substantial Holder in Guildford with 5.76%

June 27 (Mogi) On June 22, UBS AG became substantial holder (above 5%) in Guildford Coal Limited (ASX:GUF) at 5.76% and thus was notified on June 26.

Aspire Mining Chairman Buys On Market

June 27 (Mogi) On June 26, Aspire Mining Limited (ASX:AKM) Non-Executive Chairman Mr. David McSweeney bought 500,000 shareson market for A$65,121.30 which translates to an average price of slightly over 13c.

President to calls be fair and tolerant

President of Mongolia Tsakhia Elbegdorj voted for parliamentary election today morning at 8 am at the polling station in Mongolian-Russian joint 3rd school.

PREMIER MAKES HIS CHOICE

Ulaanbaatar, Mongolia /MONTSAME/ At 11.25 am, the Prime Minister S.Batbold and his spouse Ch.Otgontuya voted at the 21st and 2nd constituencies in Khan-Uul district.

CITY'S PEOPLE ARE ACTIVE IN ELECTIONS

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Committee presented a voting process in the city by 11 am. 

ISTANBUL--BISHKEK--ULAANBAATAR FLIGHTS START SOON

Ulaanbaatar, Mongolia /MONTSAME/ Istanbul--Bishkek--Ulaanbaatar flights will start on July 2.

ELECTION PROCESS NATIONWIDE BY 11.00 AM

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Committee (GEC) presented a process in countryside by 11 am.

ELECTION DAY STARTS

Ulaanbaatar, Mongolia /MONTSAME/ The election started on June 28 throughout the country to form a new parliament.

STATE HEAD VOTES

Ulaanbaatar, Mongolia /MONTSAME/ The state head Ts.Elbegdorj cast a vote in parliamentary election at the 4th sub-committee in the 23rd constituency, and in the election of the Citizens' Representative Khural of City--at the 4th sub-committee in the 13th constituency.

TWO ELECTIONS RESULTS WILL BE REVEALED IN 15 DAYS

Ulaanbaatar, Mongolia /MONTSAME/ The elections are continuing to 8 pm., in which one million 833 thousand 478 Mongolians wil cast their votes at one thous. 908 election sub-committees.

SPEAKER VOTES

Ulaanbaatar, Mongolia /MONTSAME/ The election day is the highlight of this year's events in Mongolia with specific features, this is the peoples' day dedicated to the state.

S.OYUN GIVES HER VOTE

/MONTSAME/ A head of the Civil Will-Green Party, S.Oyun cast a vote at 32nd electoral sub-committee of 15th khoroo in Khan-Uul district this morning.

Mongolians go to polls hoping for mining wealth

ULAN BATOR - Resource-rich Mongolia headed to the polls Thursday to elect a new parliament with both major parties telling frustrated voters they could deliver better shares of a stunning but divisive mining boom.

Mongolia Votes, as Resources Bring Wealth and Challenges

ULAN BATOR — Despite resurgent nationalism and an imminent election in mineral-rich Mongolia, the country's leaders are still keen on keeping foreign investment flowing in.

Mongolia election centers on spreading mining boom wealth in fast-growing but poor nation

ULAN BATOR, Mongolia — Mongolians are voting for a new legislature, going to the polls by foot, car and even horse for an election centered on how best to distribute the benefits of Mongolia’s mining boom.

China dairy recalls hundreds of cartons of tainted milk

BEIJING (Reuters) - A Chinese dairy company has recalled hundreds of cartons of milk after a mechanical error tainted the batch with alkaline water, the latest blow to China's scandal-plagued dairy industry.

China spacecraft set to return to Earth Friday

BEIJING: A Chinese spacecraft with three astronauts aboard will return to Earth Friday after a nearly two-week mission that included the country’s first manual docking in orbit, state media said.

In Mongolia, a New, Penned-In Wealth

TAVAN TOLGOI, Mongolia -- "All you need to mine here is a shovel," said an awe-struck Indian investment manager as he stood behind a barrier, along with dozens of international mining industry executives and other eager investors, gazing at the immense coal pit gouged out of the rust-colored earth below.

Mongolians Decide Fate of Mineral Wealth in Parliamentary Election

Mongolians are heading to the polls Thursday to elect a new parliament that will be tasked with how to best use the country's massive influx of mineral wealth to help its still poor population.

Some people will vote today

The parliamentary election will held tomorrow, on June 28, from 7 am to 8 pm.

No alcohol during the election

Ulaanbaatar City administration decided not sell alcohol in Ulaanbaatar on parliamentary and Capital City Representative Assembly’s election voting day, on June 28 and next day on June 29.

The Constitutional Court not accept Enkhbayar’s petition

The Constitutional Court of Mongolia held a meeting yesterday and discussed former president N.Enkhbayar’s appeal.

RAPPER PITBULL TO PERFORM HERE

Ulaanbaatar, Mongolia, /MONTSAME/ An American rapper and songwriter Pitbull (Armando Christian Perez) will give his concert on July 21 in the Central Stadium, Ulaanbaatar city.

AMBASSADOR TO AUSTRALIA PRESENTS CREDENTIALS

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Mongolia to the Commonwealth of Australia R.Bold presented on Wednesday his letter of credence to Quentin Bryce, the Governor-General of Australia.

JUNE 28 EVENTS

Following events are expected June 28:

Mongolia to vote: economy and welfare at stake

The main challengers are the center-right Democratic Party and former communists of the People’s Party. 

Yitai Coal Secures $388 Million Cornerstone Investment for IPO; PICC to Delay $4 Billion Listing

In the latest sign of uncertain prospects for initial public offerings in Asia, Inner Mongolia Yitai Coal Co. (900948.SH) said Wednesday it has secured backing from two Chinese government-linked companies as cornerstone investors for its IPO in Hong Kong, while, separately, people familiar with the situation said that People's Insurance Co. (Group) of China Ltd. will postpone its US$4 billion Hong Kong IPO that was planned for July.

Mongolia: Can New Electoral Law Help Women Enter Parliament?

If all goes as envisioned on June 28, Mongolia’s parliament will no longer be a male bastion.

Resource nationalism to irk investors as Mongolia goes to polls

* Nationalist sentiment likely to increase after election
* Legislation to cut mining dependence on the agenda
* Foreign investment still crucial for economy

Mongolian Voters Seek Bigger Share of World-Beating Economy

Mongolians went to the polls today to elect leaders who must address soaring inflation and rising demands for a fairer distribution of more than $1.3 trillion in mineral wealth in the world’s fastest growing economy.

Wednesday, June 27, 2012

POLICE AUTHORITIES RECEIVE OLYMPIC ATHLETES

Ulaanbaatar, Mongolia /MONTSAME/ Authorities of the General Police Department (GPD) received on Tuesday athletes who will compete in the London 2012 Olympic Games, and granted a cash prize of MNT 10 million to each athlete.

Athletes at the GPD have gained ten Olympic rights. A State Honored Sportsman B.Ser-Od will participate in the men's marathon, and an international master of sports L.Otgonbayar--in women's marathon. Furthermore, a State Honored Sportswoman M.Bundmaa (women's 52 kg) will compete in judo; O.Nasanburmaa, B.Naranbaatar, O.Burmaa--in freestyle wrestling; and B.Tuvshinbat--in boxing.

B.Khuder

ELECTION ADVERTISING TO STOP AT 12.00 PM

Ulaanbaatar, Mongolia /MONTSAME/ The election advertising will be stopped before 12.00 pm on Wednesday or 24 hours before the voting day of the elections of parliament and the Citizens' Representative Khural of City to run on Thursday.

AMBASSADOR OF MONGOLIA TO AUSTRIA MEETS CONSULS

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador of Mongolia to Republic of Austria, J.Enkhsaikhan met with two new honorary consuls of Mongolia in Austria.

AMBASSADOR IN GERMANY ORGANIZED RECEPTION FOR DIPLOMATS

Ulaanbaatar, Mongolia /MONTSAME/ On occasion of the 806th anniversary of the Great Mongolian Empire and the 91st anniversary of the People's Revolution, the Ambassador Extraordinary and Plenipotentiary of Mongolia to the Federal Republic of Germany (FRG) B.Davaadorj organized on Monday a reception in Berlin.

RESOLUTION ON BALLOT PAPERS APPROVED

Ulaanbaatar, Mongolia /MONTSAME/ General Election committee /GEC/ approved resolution ¹ 127 on ballot papers.

STATE HEAD IS SATISFIED WITH COURT DECISION

Ulaanbaatar, Mongolia /MONTSAME/ The State Head Ts.Elbegdorj has said he was satisfied with a decision of a judge of the Manhattan Court to seize a fossil skeleton of Tyrannosaurus bataar and to send it to the Mongolian side.

"MONGOLIANS IN DEEL" FESTIVAL TO BE ORGANIZED

Ulaanbaatar, Mongolia /MONTSAME/ In a scope of the 806th anniversary of the Great Mongolian Empire and the 91st anniversary of the People's Revolution, the "Mongolians in Deel" festival will take place on days of the National Great Celebration.

MONGOLIAN COAL MINING STOPS, DROPS AND …

Mongolian Mining Corp (HKG:0975), the country’s biggest coking coal exporter, hit a record low today as investors looked at the likelihood of more restrictive investment policies which would be implemented after Mongolia’s parliamentary elections this week.

MPRP VOTE AS INDICATION OF POPULISM

Some days ago, I considered whether we might take the share of the party vote achieved by the MPRP in tomorrow’s election as an indication of (a rise of) populism in Mongolian politics.

MONGOLIA QUARTERLY ECONOMIC UPDATE – JUNE 2012

The Mongolian economy is continuing to grow at a very rapid pace, expanding by 16.7 percent year-on-year (yoy) in Q1.

Mongolia profile

A chronology of key events:

Mongolia's new wealth and rising corruption is tearing the nation apart

Mongolia's parliamentary elections are scheduled for Thursday, and its capital city is awash with politics.

Mongolia poised to elect new parliament

Mongolians head to the polls on Thursday to elect a parliament that will have to make important choices about how to share the proceeds of the mining boom that has gripped the mineral-rich country of 2.8m people.

Rising inequality to dominate Mongolia polls

ULAN BATOR: Mongolians will vote on Thursday to elect a new parliament tasked with distributing the spoils of a mining boom that has brought rapid growth but also rising inequality to the resource-rich nation.

Mongolian elections decide how to spend a windfall

ULAN BATOR, Mongolia – Mongolians vote for a new legislature this week facing a fortunate choice: How best can the landlocked, still poor country spend an expected windfall from its mining boom?

Foreign Media and Election Observers in Place for Election

2012 Parliamentary Election and the City Council or the Capital City Representative Khural will be carried out at the same time in the every corner of Mongolia from 7am to 8 pm.

‘We do not need to involve uranium with war and the military’

The following is an interview with the President of Mongolian National Mining Association, D. Damba, on uranium reserves and its usage.

Corruption and greed in 'Minegolia'

Ulaanbaatar, Mongolia - There was a time when Tugsjargal Munkherdene felt like a pariah.

ELECTION WON’T HAVE “A SIMPLE OUTCOME”, N.ENKHBAYAR TELLS UB POST

Exclusive interview with N.Enkhbayar, former President and current Leader of the Mongolian People’s Revolutionary Party discussing this election, corruption, his arrest and his trial.

What is at Stake in Mongolia's Election?

Amid important elections and transitions taking place this year in different parts of the world, it is easy to overlook the parliamentary election to be held in Mongolia on June 28.

Expats in UB

Each week our Editor Allyson Seaborn will be speaking personally to interesting expats who aren’t afraid to share what makes them tick, what they’re reading, who inspires them or how they feel about living in UB.

SouthGobi curtails Mongolia coal output, suspends capex

JOHANNESBURG (miningweekly.com) – TSX-listed SouthGobi Resources has suspended uncommitted capital and exploration expenditure and reduced its mining activity at its flagship Ovoot Tolgoi coal mine, in Mongolia, to preserve the group’s financial resources.

China Nonferrous Mining, Inner Mongolia Yitai Coal push through IPOs

Integrated copper miner China Nonferrous Mining priced its Hong Kong initial public offering (IPO) slightly above the bottom range, while coal miner Inner Mongolia Yitai Coal has kicked off its roadshow and institutional bookbuilding.

Lookin’ Good: Mongolia’s New Catalysts, Fashionistas Are Donning Entrepreneurship

With a little help from her friends---that’s 12.0 million sheep, 9.6 million goats, 0.3 million camels, and many, many yaks to you---Mongolia’s annual textile production amounts to some 21,000 tons of wool, 4,500 tons of cashmere, 1,200 tons of camel hair and 300 tons of yak hair.

Mongolia’s Coal Deposits Draw Neighbors’ Attention

TAVAN TOLGOI, Mongolia — “All you need to mine here is a shovel,” said an awe-struck Indian investment manager as he stood behind a barrier, along with dozens of international mining industry executives and other eager investors, gazing at the immense coal pit gouged out of the rust-colored earth below.

YOUNG ATHLETES TO PARTICIPATE IN ASIAN GAMES

Ulaanbaatar, Mongolia /MONTSAME/ A farewell ceremony took place on Tuesday for young athletes to take part in the 5th International Sports Games "Children of Asia" to be held on July 4-16 in Yakutia, Russia.

Mongolia profile

President: Tsakhiagiin Elbegdorj

SouthGobi says license worries cloud price, sales forecast

June 26 (Reuters) - Coal miner SouthGobi Resources Ltd said uncertainty over its licenses in Mongolia is making it difficult to estimate sales volumes and pricing for the year.

Russian Post Among World’s Worst – Study

The Russian Post is among the world’s worst postal services, outperformed even by counterparts in countries such as Angola, Honduras and Mongolia, a new study showed.

SBP irons out sked with NCAA, UAAP

TO prevent history from repeating itself, the Samahang Basketbol ng Pilipinas is conducting a series of talks with the country’s top two collegiate leagues to iron out possible conflict that may arise with their schedules and the participation of a national youth team in a tournament in Ulan Bator, Mongolia later this year.

Going batty: the stars of over-80s table tennis

Set in the cut-throat world of international table tennis, Ping Pong is a documentary that features skilled competitors, fierce rivalry and intense performances in the fight to become world champion.

INTERVIEW Medical students drive to Mongolia for charity

When most college students finish up exams for the summer they usually have plans for how they will spend it.

Economy key issue in Mongolia vote

Growing gap between wealthy and poor on the minds of many voters as country prepares to elect new parliament.

Yitai Coal Seeks $1.1 Billion in Reduced Hong Kong Sale

Inner Mongolia Yitai Coal Co. (900948), the biggest coal producer in the Chinese region bordering Mongolia, is seeking as much as $1.1 billion in a reduced Hong Kong stock offering, according to terms obtained by Bloomberg News.

Mongolian coal miner says production to stop amid controversy over Chinese acquisition bid

BEIJING — The operator of a Mongolian coal mine that is at the center of a controversy over a Chinese acquisition bid said Tuesday it will stop production this month.

Tuesday, June 26, 2012

Mongolia's statue of Genghis Khan

June 24 (Flares into Darkness Blog) Mongolia has built a huge statue of Genghis Khan. It stands about 30 miles outside of the Mongolian capital of Ulan Bator.

Mongolians Rejoice: iTunes App Store Reaches 32 More Countries

June 22 (All Things D) During his WWDC keynote address, Apple CEO Tim Cook promised that the company would soon extend the reach of the iTunes App Store to 32 more countries.

Paleogeographic reconstruction of a late Paleozoic arc collision zone, southern Mongolia

June 21 (GSA Bulletin) Matthew J. Heumann and colleagues present the first published collection of detrital zircon geochronology results from southeastern Mongolia as well as a detailed field investigation for two areas within the region, Bulgan Uul and Nomgon.

".МОН" CYRILLIC DOMAIN ESPECIALLY FOR MONGOLIA USE WILL BE OPERATIONAL SOON

June 22 (InfoMongolia.com) On June 22, 2012, the Internet Corporation for Assigned Names and Numbers (ICANN) has officially announced that preparations for the .мон and .мн Mongolian Cyrillic domains have successfully been completed especially for Mongolia use.

NUMBER OF NATIONALS FROM CHINA RESIDING IN MONGOLIA WILL NOT BE INCREASED, SAID OFFICIALS

June 22 (InfoMongolia.com) Regarding the recent rumors that citizens of the People's Republic of China (PRC) are illegally immigrating into Mongolia in large numbers and has reached 30,000 nationals.

Parties vs. Individual Candidates

June 23 (Julian Dierkes, University of BC) Following some Mongolian Olympic fun yesterday, we had a number of discussions with others trying to follow the election here in Ulaanbaatar about the relationship between individual candidates and political parties.

PHOTO NEWS: THE TRIAL DATE OF N.ENKHBAYAR WAS SET AFTER THE NAADAM CELEBRATIONS

June 25 (InfoMongolia.com) The corruption case hearing of the former President and Head of the Mongolian People's Revolutionary Party (MPRP), N.Enkhbayar has been postponed three times before, due to weak health conditions (May 24), refusal from his lawyer (June 04), and absence of N.Enkhbayar's lawyer B.Oyunbileg (June 12) and delayed one time under the request to change his lawyer (June 19), where the fourth trial was delayed under his request to conduct the trial after 2012 Parliamentary Elections.

Impressions for the DP Rally in Yarmag

June 25 (Brandon Miliate, University of BC) Julian and I have just returned from the Democratic Party Rally in Yarmag, Han-Uul District where the party's two Parliamentary candidates L. Bold and Ts. Oyungerel as well as E. Bat-Uul, running for UB Parliament, made speeches in support of the party and their campaigns. 

MONGOLIA BRACES FOR CHANGE


ULAN BATOR, June 26 (South China Morning Post) – It's 7.30am andChuluun Ganhuyag is standing in Sukhbaatar Square, limbering up in a tight-fitting black Adidas tracksuit.

THE ELECTION ONGOING PROCESS WILL BE REPORTED AT 11:00 AM, 04:00 PM AND 08:00 PM RESPECTIVELY

June 25 (InfoMongolia.com) The preparatory work for the automatization of the upcoming election is at the normal pace neatly following the schedule, said officials.

BORSHOO TO BECOME A LARGE PORT CONNECTING RUSSIA-MONGOLIA-CHINA

June 22 (InfoMongolia.com) The regular meeting of the Customs Offices of Mongolia and Siberia was held in Tuva, the Russian Federation, on June 21, 2012.

BoM issues ₮10B 12-week 15.8% bills

June 25 (Bank of Mongolia) BoM issues 12 week bills worth MNT 10 billion at a weighted interest rate of 15.8 percent per annum. /For previous auctions click here/

BoM Board of Directors Keeps Policy Rate Unchanged at 13.25%

June 22 (Bank of Mongolia) At the Monetary Policy Meeting held on June 21, 2012, the BoM Board of Directors decided to remain the policy rate at 13.25 percent.

World Bank: Mongolia Quarterly Economic Update - June 2012

Key Findings
Overall

First Mongolian Media MobiNet strategic partnership on Wi-Fi media and IPTV

June 25 -- Directors of GoConnect Ltd ("GCN") are pleased to advise that First Mongolian Media Ltd ("FM Media"), incorporated in the BVI, has entered into a Memorandum of Understanding ("MOU") with MobiNet LLC ("MobiNet"), the largest broadband telecommunications company in Mongolia with in excess of 50 % market share of Mongolia's mobile phone subscribers.

First Mongolian Share Distribution Entitlement determined

June 25 -- Directors of GoConnect Ltd ("GCN") are pleased to confirm that under GCN's partnership agreement with First Mongolian Investment Holdings Ltd ("First Mongolian"), 100 million First Mongolian fully paid ordinary shares will be distributed to qualifying GCN shareholders in proportion to their GCN shareholding for nil consideration ("Entitlement Shares").

Bestway: Annual Report 2011

June 22, Bestway International Holdings Limited (HK:718) -- Mining Business

Desert Eagle Announces Claim Filed Against it in California

TORONTO, ONTARIO--(Marketwire - June 22, 2012) - Desert Eagle Resources Ltd. ("Desert Eagle" or the "Company") (TSX VENTURE:DER) announces a complaint for damages and injunctive relief with respect to an action for defamation has been filed against the Company in the State of California in the United States District Court, Central District of California.

Haranga: Board Appointment: Lippo Group Nominee

June 26 -- Haranga Resources Limited (ASX:HAR) announces the appointment of Mr. Marshall Cooper to the Company's Board as a Non-Executive Director.

Mired in Uncertainties, SouthGobi Deal Further Dimmed by "Fraud" Accusation

June 20 (NAI) Already troubled by the resource-conservative Mongolian policies, SouthGobi Resources' (HK:1878, TSX:SGQ) intended sale to Chalco has just got a muddy twist.

New town to be established in Khoshigt Valley

The Cabinet meeting of June 25 discuss issue related to the new international airport in Khoshigt Valley in Tuv province.

In total 35 athletes qualifies for London-2012

Mongolian 29 athletes in 7 categories qualified for Olympic games in London. Also 6 athletes qualified for Paralympic games.

NATIONAL NAADAM FESTIVAL'S TICKET COSTS 25 USD

Ulaanbaatar, Mongolia /MONTSAME/ Tickets for foreign tourists want to enjoy an opening ceremony for the National festival ‘Naadam’ or 91st anniversary of People’s revolution and 806th anniversary of establishment of Great Mongolian State cost USD25.

"I'M MONGOLIAN" DOCUMENTARY FILMS TOOK THE SECOND PLACE

Ulaanbaatar, Mongolia /MONTSAME/. The “I'm Mongolian” documentary , which produced by Mongolian producer, B.Bayar has took the second place at “Formula Mundi-12” international festival in Egypt.

EVERY CITIZEN TO OWN PREFERENCE STOCK OF ERDENES MGL COMPANY

Ulaanbaatar, Mongolia /MONTSAME/ At a regular meeting, the cabinet made decision on granting to every citizen a preference stock of the Erdenes MGL Company.

CABINET MEEING IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/. Amount of monthly allowance to be granted children up to 18 years of old from family in need of social protection are determined in Tg15.000.

ARCHERS TO COMPETE IN WORLD UNIVERSITY CHAMPIONSHIP

Ulaanbaatar, Mongolia /MONTSAME/ Mongolian archers will leave on July 1 for Spain to compete in the 9th World University Archery Championship to be held on 4-7 July in Cordoba city.

MONGOLIAN ARTISTS JOIN THE MUSIC FESTIVAL

Ulaanbaatar, Mongolia /MONTSAME/ Six artists from Academic theatre of Opera and Ballet will attend an international music festival to be held form June 27 to July 4 in Krasnoyarsk, Russia.

KHAKUKHO M.DAVAAJARGAL WILL PLAY IN JAPANESE FILM

Ulaanbaatar, Mongolia /MONTSAME/ On the occasion of the 40th anniversary of establishment of the diplomatic relations between Mongolia and Japan, the feature film “Note of Mongolian young baseball player” has been created by Japanese company “Earl grey Film”.

JICA ADDS MINISTRIES IN PROJECT

Ulaanbaatar, Mongolia /MONTSAME/ The Japan International Cooperation Agency (JICA) has involved the Ministry of Education, Culture and Science, the Ministry of Road, Transportation, Construction and Urban Development, Darkhan-Uul and Dornogobi aimags in experimental activities of the "Strengthening domestic audit, control and monitoring" project.

ABOUT CONSTRUCTION WORKS OF OYUTOLGOI PROJECT

Ulaanbaatar, Mongolia /MONTSAME/ Since an establishment of the investment contract on exploiting the Oyutolgoi mineral deposit and the shareholders' contract of the Oyutolgoi LLC, money of about USD 4 billion has been expended for the great construction works.

MASTER PLAN FOR "SAINSHAND" INDUSTRIAL COMPLEX APPROVED

Ulaanbaatar, Mongolia /MONTSAME/ At its regular meeting held on Monday, the cabinet discussed and approved a master plan for the "Sainshand" industrial complex.

NEW TOWN TO BE BUILT IN KHUSHIGT VALLEY

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the Cabinet meeting approved a general plan for new town to be created near the international airport being built in Khushigt Valley of Tuv aimag about 60km far from capital city of Ulaanbaatar.

MINISTER APPROVES NUMBER OF STUDENTS TO BE ENROLLED IN 2012

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Education, Culture and Science, Yo.Otgonbayar approved a upper limit of numbers of students to be enrolled from local areas for bachelor level studies at some state universities in 2012-2013 academic year.

‘ONE-WAY BET’ ON SELLING COAL TO CHINA COULD UNRAVEL

Thermal coal is not having a good month. With eurozone concerns and slowing growth in China already dragging on commodities prices globally, coal inventories in China – the world’s biggest consumer – are near record highs.

Mongolian coal mine sought by China to stop output

BEIJING -- The operator of a Mongolian coal mine that is at the center of a controversy over a Chinese acquisition bid said Tuesday it will stop production this month.

Mongolian government to hand out shares of state-owned company to citizens

ULAN BATOR, June 26 (Xinhua) -- The Mongolian government decided to grant each citizen a preference share of the state-owned company Erdenes MGL Company at a regular government meeting Monday, local media reported.

SouthGobi Resources Provides Operating Update

HONG KONG, CHINA--(Marketwire - June 25, 2012) - SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) ("SouthGobi") operations continue to be effected by a number of external factors including regulatory issues in Mongolia and deteriorating market conditions.

DAYS OF MNOC, IOC AND FAREWELL CEREMONY TAKE PLACE ‎

On Saturday, the Day of Mongolian Athletes and the Day of the International Olympic Committee (IOC) were celebrated together with a farewell ceremony of Mongolian athletes to participate in the London 2012 Olympic Games.

Market wary of Mongolia's poll

IN a best-case scenario, this week's election in Mongolia will remove the uncertainty that has hurt the share prices of Australian companies working in the frontier nation.

Inner Mongolian crude steel output up by 16.7pct YoY in May

It is reported that crude steel production in the first 5 months of 2012 in China's Inner Mongolia region totaled 7.51 million tonnes, increasing by 9.6% YoY.

Vestas to close plant in Inner Mongolia

Danish wind turbine manufacturer Vestas Wind Systems said on Monday it will close a factory in Hohhot, Inner Mongolia autonomous region, and cut 300-350 jobs in the process, due to forecast low demand for kilowatt in the future.

SouthGobi’s Mongolia Woes Worsen

SouthGobi Resources Ltd. shares were taking a beating Tuesday morning after the company said uncertainty over Mongolia’s mining laws is stalling work at its flagship Ovoot Tolgoi Mine.

Inequality to dominate Mongolia poll

Mongolia's economy has exploded in recent years, as a relatively stable political environment has drawn in foreign investors keen to exploit its vast untapped reserves of coal, copper and gold.

The Next Move

What is a country with 1.6 billion tonnes of oil reserves, of which 196 tonnes are proven, to do?

Competitive Changes in Competition

There is a story about a man who gave advice to his brother who was just starting a small business of his own.

The secrets of a wooden hammer

A principal to economic growth is the effective and fair pursuance of agreements.

Standard

The Oyu Tolgoi project’s development train is ready to board its passengers.

“Too many cooks spoil the broth”

Michael Aldrich is a partner at Hogan Lovells law firm in Mongolia.

Gold reef discover

Mongolia is rich in minerals. Recently, “Altan Rio Minerals” company has announced its first visible results of gold exploitation at Khavchuu region in Tuv Aimag.