Sunday, September 30, 2012

Strangling Education

Education seems lost in all these Cambridge, American, Japanese, Chinese, and Russian education schemes.

MONGOLIA AIMS TO JOIN THE SWF RANKS

In the far reaches of the south Gobi desert, a cluster of boxy, sky-blue buildings marks the entrance to the main shaft of the Oyu Tolgoi mine, the largest industrial project ever developed in Mongolia.

MONGOLIAN EX-PRESIDENT LAUNDERING CASE SHOWS ASIAN BANKS NEED A TIGHT PEP REGIME, SAY OFFICIALS

Financial institutions in Hong Kong and Singapore need to review and monitor their anti-money laundering (AML) and know-your-customer (KYC) procedures and policies regularly to prevent abuses by politically exposed persons (PEPs), said industry officials.

Mongolia will harvest 17.2 million bushel wheat

A: Expectation is about 468 thousand tons (approx. 17.2 million bushel) of wheat, and 208,9 thousand tons of potato, 99,4 tons of other vegetable.

Iran shippers face difficulty dodging sanctions

By BENOÎT FAUCON in London and COLUM MURPHY in Shanghai

Chinese Culture Shines in Istanbul

A Chinese Culture Week themed "The Modern Silk Road" opened here on Saturday, serving attendants a feast for the eyes and appetite.

Oyu Tolgoi brings Mongolia’s most modern airstrip

Ulaanbaatar, Mongolia - Oyu Tolgoi is building an international standard airport complex in Umnugobi and the construction of its airstrip has been completed.

The Next Page: Mongolian rock 'n' roll is for real

Nestled in a green valley of hills dotted with herds of grazing goats and sheep lies Amarbayasgalant Monastery.

Cell phone subscribers to pay per second

The Agency for Fair Competition and Consumer Rights (AFCCR) welcomed its new Director O. Magnai a week ago.

Land Permissions Forbidden Within 1300 Hectares of Downtown Ulaanbaatar

The Capital City Representative’s Khural or City Council has carried out its 3rd irregular meeting and conducted a poll on draft resolutions about city planning about arranging illegal land granting issues in the Capital City territory, initiated by political party factions in the parliament and its representatives.

COLOMBIA RENEWS CONTROVERSIAL MINING CONTRACT WITH BHP

The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton (NYSE:BHP) should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.

Top 10 wacky sports around the world to check out

Online travel adviser Cheapflights (cheapflights.com) has come up with a top 10 list of no-frills, high-adrenalin and wacky sports which might be entertaining.

Mongolia's mining boom

Video Link: http://edition.cnn.com/video/?/video/world/2011/08/28/eom.grant.minegolia.cnn

Journey through Mongolia

Video Link: http://edition.cnn.com/video/?/video/international/2011/08/31/bs.grant.inside.mongolia.cnn

Russian-Mongolian military drill over in Buryatia

The Russian-Mongolian Military Exercises Selenga 2012 have ended in Russia’s Buryatia, in the south of Siberia.

Petro Matad looks to progress promising targets, as studies continue

Mongolia-focused oil explorer Petro Matad (LON:MATD) is assessing promising target areas as overall studies of its blocks continue, it said, releasing half year results.

Sumo: Japan Welcomes Another Mongolian Grand Champ

Japan welcomes sumo's first new grand champion in five years, in a tradition-steeped ceremony at a Shinto shrine in the country's heaving capital.

Booming quaint town of Erenhot

Located in Inner Mongolia, Erenhot is China’s only railway port that is seeing good times with trade jumping from RM141mil in 1991 to RM19.6bil last year.

Getting into hot water: Aershan, Inner Mongolia

The Haishen Shengquan Tourist Resort in the Aershan city is a famous spa destination in China.

Savoring Chinese micro-towns: Inner Mongolia

Aershan exudes fairytale beauty

Chalco ends Winsway bid, walks away from second Mongolia coal deal

(Reuters) - Aluminum Corp of China (Chalco) (2600.HK) has ended an agreement to buy a 29.9 percent stake in Winsway Coking Coal (1733.HK) as it would not be able to win approvals from Chinese and overseas authorities by the September 30 deadline, it said in a stock exchange filing late on Friday.

A glimpse of Mongolia

Filipinos will get a glimpse of Mongolia in the current transition it is undergoing as the Mongols adapt their nomadic ways to the modern times through a photo exhibit of writer/photographer Karen Capino.

Saturday, September 29, 2012

The State demonstrates its power

The Capital City Court affirmed the primary court’s decision to Nambar Enkhbayar, the former President of Mongolia, the Head of the Mongolian People’s Revolutionary Party /MPRP/.

The President of Mongolia Ts.Elbegdorj held talks with the President of the Czech Republic

The President of Mongolia Tsakhiagiin Elbegdorj who is attending the 67th session of the General Assembly of the United Nations, held a meeting with Vaclav Klaus, the President of the Czech Republic.

FRIEDLAND SEEKS IPO AS CONVERTIBLE COST RISES: CORPORATE CANADA

Billionaire mining investor Robert Friedland is seeking C$300 million ($305 million) in an initial public offering to pay for an African venture and to allow it to redeem convertible bonds whose interest rates will soon double.

UNTOUCHED MINERAL DEPOSITS, UNABATED RESOURCES DEMAND DRIVING INVESTMENT

The large North Asian economies of China, Korea and Japan have already established a record of making significant outbound investments in the mining industry, says financial adviser and consultant company Deloitte.

TIGHTENED CREDIT PUTS PRESSURE ON CHINESE COAL IMPORTERS AND GLOBAL SPOT PRICES

Cuts by Chinese banks to lending to domestic coal traders is set to place further pressure on global spot prices for the carbon fossil fuel.

U.S., landlocked Mongolia strike maritime deal

WASHINGTON — Somebody should have looked at a map.

Iran Shippers Face Difficulty Dodging Sanctions

Officials from landlocked Mongolia said they would cancel the flag registrations of five Iranian cargo ships, providing a window into the cat-and-mouse game played by international authorities that are trying to curb Tehran weapons programs and by Iranian companies trying to work around them.

Heineken wins Tiger battle; focus shifts to F&N fight

(Reuters) - Heineken NV (HEIN.AS) won full control of the maker of Tiger beer in a S$7.9 billion ($6.4 billion) deal on Friday, ending a two-month battle aimed at strengthening the Dutch brewer's position in fast-growing Asian beer markets.

Freestyle Wrestling: Leigh Jaynes Fails to Earn a Medal at the 2012 World Championships

Freestyle wrestler Leigh Jaynes characterized her 2012 World Championship performance in three words: Paralysis by analysis.

Disappearing Beijing: Finding Local Culture in a City of Migrants

Liu Ke laughs at his band mate. The punk rocker’s friend, big and bald, dressed in a Sid Vicious-style leather jacket and hilariously drunk, is complaining about foreigners, then goes around to all the foreigners around him and explains that he isn’t talking about them.

VAIL joins PCN in Germany and Mongolia

September 28 – Projects Cargo Network (PCN) has welcomed V. Alexander International Logistics (VAIL) as a network member representing Germany and Mongolia.

VAIL projects director Jurgen Weyhausen commented: “We believe that Mongolia is emerging as a key commodity supplier in Asia.”

He said forecasts predicting that the country would become one of the world’s fastest-growing marketplaces over the next two decades had prompted the company to open an office in Mongolia.

Established in 2006, the Bremen, Germany headquartered company handles “everything from crane equipment and submarines to complete industrial plants in the field of project forwarding” for a global list of clients, Weyhausen added.

www.projectscargonetwork
www.valexander-bremen.de

Chalco Ends Bid to Buy Stake in Winsway for $308 Million

Aluminum Corp. of China Ltd. dropped plans to buy a 30 percent stake in Mongolian coal exporter Winsway Coking Coal Holding Ltd. (1733) for HK$2.39 billion ($308 million), its second failed acquisition this month.

In Mongolia, outreach paves way for ‘Mission to Cities’ push in 2013

Seventh-day Adventist leaders in Mongolia say a weeklong evangelism series held in Ulaanbaatar earlier this month signals a new focus on urban evangelism in the region.

How Mongolia Learned from Chile on Managing a Mineral-Rich Economy

Mongolia's mineral-rich economy was hit extremely hard by the global downturn during 2008–2009, when copper prices plunged, external demand fell, and growth collapsed.

Mongolia: we want to be Chile

What do you do if you’re a small country, rich in minerals that went from boom to bust when the bottom fell out of the commodities market? Copy Chile, is the answer.

Friday, September 28, 2012

“Resource companies represent approximately 50% of the 2,200 companies listed on ASX”

Interview with Eddie Grieve, Senior manager, Listings Business Development at the Australian Securities Exchange.

Aspire Mining Limited (ASX:AKM) Annual Report 2012 to Shareholders

Sydney, Australia, Sep 28, 2012 - (ABN Newswire) - Aspire Mining Limited (ASX:AKM.AX - News) is pleased to provide the Company Annual Report to shareholders.

International and Domestic Commentary on Investors Fleeing Mongolia

Mongolia has been making international news throughout the summer and into autumn as the new government has assembled and set into motion their action plans.

The Nomad world of Mongolia

The unity of pride, beauty, inspiration and magnificence of MONGOLIA is being exhibited at the Union of Mongolian Artists Hall (UMA).

Mongolia: Retail therapy

Expectations that Mongolia’s retail industry will be transformed by the nation’s rapidly growing mining sector appear on track, although rising inflation and a lack of human resources could threaten the sector’s potential.

SITECH Technology Dealer Established in Mongolia for Heavy Civil Construction Contractors

SUNNYVALE, Calif., Sept. 28, 2012 /PRNewswire via COMTEX/ -- Trimble TRMB +1.60% announced today that a SITECH® Technology Dealer has been established in Mongolia.

China and Mongolia Pledge Closer Defense Ties

Chinese Defense Minister Liang Guanglie on Friday pledged to seek stronger defense ties with Mongolia reported Xinhua.

Autumn session will discuss Law on Freedom of Press

The Speaker of the Parliament Zandaakhuu Enkhbold issued a resolution of schedule of Autumn session. 

Mongolian Harumafuji reaches sumo’s highest rank

Mongolian wrestler Harumafuji has been promoted to sumo"s highest rank, becoming the 70th grand champion in the history of the sport.

Mongolia Aims to Join the SWF Ranks

In the far reaches of the south Gobi desert, a cluster of boxy, sky-blue buildings marks the entrance to the main shaft of the Oyu Tolgoi mine, the largest industrial project ever developed in Mongolia.

WHAT’S THE FASTEST GROWING ECONOMY IN THE WORLD?

If Mongolia didn’t pop into your mind first, you’re probably not alone.

ASIA CREDIT CLOSE: SPREADS WIDEN AS NEW ISSUES UNDERPERFORM

Asian credit markets extended their losing streak on Wednesday as investors struggled to digest new issues and aggressive pricing at a time of slowing economic growth.

SAMSUNG CTC NOVATES SHANGRI-LA HOTEL CONTRACT WORKS TO SCTM

Samsung CTC on Wednesday signed a deed to novate the main contract works for Phase II of a Shangri-La hotel and real estate in Ulaanbaatar, Mongolia to SCTM, a 70:30 Samsung CTC and MCS Property joint venture.

THE EBRD IN MONGOLIA: ECONOMIC DIVERSITY IS SOMETHING ELSE

Investment data for Mongolia illustrates that without improving the European Bank for Reconstruction and Development’s plans for the mining sector, the bank may add to the dependence on raw materials exports in resource rich countries.

CENTERRA SHARES UP ON MONGOLIA APPROVAL OF BOROO MINE PROJECT

Mongolia on Wednesday gave regulatory approval to Toronto-listed Centerra Gold for its mine plan to restart using the heap leach facility at its Boroo mine.

Saving the Snow Leopard With Microfinance

ULUGAN, Altai Republic — In the mountain villages of southern Siberia where Russia abuts China, Mongolia and Kazakhstan, the price of sheep's wool has increased tenfold since 2009.

ANCIENT BUDDHA CARVED FROM METEORITE

German scientists have discovered an ancient Buddhist statue with extraterrestrial origin.

An ancient flute and Genghis Khan`s descendants

Beijing: Chinese Tunivians, an ethnic group originating from Mongolia, who consider themselves descendants of Mongol ruler Genghis Khan, have dedicated their lives to preserving an ancient flute that produces a variety of sounds that mimic nature.

Mongolia sponsors green agricultural products trade fair

A green agricultural products trade fair has opened in Ulan Bator's Mishel Exhibition Center.

FeOre awarded mining licence for second Mongolian iron ore project

(MENAFN - ProactiveInvestors - Australia) FeOre (ASX:FEO) has been awarded a mining licence for its Dartsagt iron ore project in Mongolia's Dornogovi Province.

Mongolian coalition government sets out policy direction

Prime Minister Norovyn Altankhuyag, chairman of Mongolia's Democratic Party (Ardchilsan Nam: AN), formed a cabinet on 20 August 2012.

A contest to make friends

I always tell people that I am not a typical Mongolian even though I was born and grew up in Hohhot, capital of the Inner Mongolia autonomous region.

At General Debate, Mongolia’s President calls for more women in leadership positions

27 September 2012 – The vital role of women in society was a key feature in the speech of Mongolia’s President Tsakhia Elbegdorj to the United Nations General Assembly today, with a particular call for more women in leadership positions.

Mongolia: Do Oligarchs See Politics as a Growth Opportunity?

Reflecting Mongolia’s booming economy, Ulaanbaatar’s skyline has been transformed in recent years, with socialist-style low-rise buildings displaced by lots of steel and concrete structures.

Nazi-acquired Buddha statue came from space

It sounds like a mash-up of Indiana Jones' plots, but German researchers say a heavy Buddha statue brought to Europe by the Nazis was carved from a meteorite that likely fell 10,000 years ago along the Siberia-Mongolia border.

Like a Hummingbird -- From Chile to Mongolia

Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades.

Thursday, September 27, 2012

The Endangered Mongolian Mineral Boom

Eight hundred years after Genghis Khan, Mongolia is back in the news.

Freeriding in Mongolia

In western Mongolia's Altai mountains, there are no lifts, and you will more likely spot someone hunting with a golden eagle than you will a trail for bicycles.

TV5MONDE extends presence in Mongolia and Cambodia

Hong Kong – French-language network TV5MONDE has renewed its carriage agreement with Mongolian power player Sansar Cable LLC.

Mongolia's new government faces old problems

The term "Dutch Disease" may have originally been coined in relation to a gasfield in The Netherlands, but Mongolia is finding out that it can just as well apply to coal.

Brazil to help Mongolia develop football

Ulan Bator (Mongolia), Sep 26 (IANS) Non-Resident ambassador of Brazil to Mongolia Clodoaldo Hugueney said here Wednesday his country was ready to help Mongolia develop football.

Parallel Universe: Mongolia's Brand of Entrepreneurship

Guest Post by Dan Bierenbaum, senior researcher at the Batten Institute at U.Va.’s Darden School of Business.

Wednesday, September 26, 2012

Holiday park plan for Elvington site

A TOUCH of Mongolia could be brought to a village near York through plans to set up a new holiday park.

An ancient flute and Genghis Khan's descendants

Beijing, Sep 26 (IANS) Chinese Tunivians, an ethnic group originating from Mongolia, who consider themselves descendants of Mongol ruler Genghis Khan, have dedicated their lives to preserving an ancient flute that produces a variety of sounds that mimic nature.

Mongolia Talent Network and Permasteelisa Group

Posted: September 26, updated September 26
Type: Full-Time
Company: Mongolia Talent Network
URL: http://www.mongoliatalentnetwork.com/
Location: Confidential

M.Batbaatar: Builders are coming to the association almost every day complaining they aren’t being paid

The following is an interview with the president of the Mongolian Builders’ Association M. Batbaatar, translated from the Daily News Newspaper.

Aspire Mining Ltd : Appointment and Resignation of Non Executive Directors

Aspire Mining Limited
ABN: 46 122 417 243
Level 2, Suite 20, 22 Railway Road

Blog: Trading desks in the UN media room

SBS Chief Political Correspondent Karen Middleton is at the UN covering Australia's bid for a Security Council seat. But there's already been some horse-trading with Mongolia in the press room.

FTSE announces 2012 Annual Country Classification Review results

This year, the FTSE Policy Group has not reclassified any countries but has added two further countries to the current Watch List of seven countries being considered for promotion or demotion between FTSE's market classifications:

TEXT-S&P summary: Mongolian Mining Corp.

(The following statement was released by the rating agency)

Dentist travels overseas to care for those in need

Dentist Marshall Horwitz could well afford a watch worth 10 or even 100 times more than the $29 version on his wrist. But he has other plans for that money.

Mongolian President Talks Corruption And Human Rights

President Tsakhiagiin Elbegdorj of Mongolia discussed corruption, human rights, and his success in revitalizing his home country at the Institute of Politics on Friday.

Not without risk

Reputedly this company is used to weathering Asian storms. So a long wait that has just ended for Centerra Gold TSX:CG in Mongolia must have been borne with patience.

OFFICERS FINE PASSENGERS FOR ATTEMPTING TO CONCEAL AGRICULTURE PRODUCTS AT DULLES AIRPORT

U.S. Customs and Border Protection caught three passengers recently attempting to conceal prohibited agriculture products while entering the United States.

Copper Prices Rise, Offering Opportunities

Copper prices are rising. A metal price that has long been in decline has reversed its trend in the past three weeks.

Don’t scare off mining producers with confusion on future royalties and taxes, Major Drilling tells Quebec

Francis McGuire, CEO of Moncton’s Major Drilling Group International Inc., has a message for Quebec Premier Pauline Marois and Mines Minister Martine Ouellet:

China grabs 42% of global installed wind capacity in '11

In 2011, China installed 17.63 million kilowatts of new wind power generators, totaling China's wind power generation capacity at 62.36 million kilowatts, both the 2011 increment and China's total generation capacity ranking 1st in the world.

Inner Mongolia Taixi Coal to issue CNY 800 million bills

China Knowledge reported that Inner Mongolia Taixi Coal Group Co Ltd has announced it will issue CNY 800 million in short term bills with a maturity of 365 days in the interbank market on Sep 26.

President Elbegdorj attends UN general assembly in NYC

The Mongolian delegation led by President Ts.Elbegdorj is taking a part in the 67th regular session of the General Assembly, United Nations Headquarters on September 20th to 28th.

Elbegdorj On US Tour

At the 67th regular session of the UN General Assembly in New York City President Elbegdorj took the floor and told a story far different from reality.

Manas Petroleum Corporation announces shareholder and investor conference call

BAAR, Switzerland, Sept. 24, 2012 -- BAAR, Switzerland, Sept. 24, 2012 /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (OTCBB: MNAP) (TSX.V:MNP) today announced that they will hold a shareholder and investor conference call on September 27th, 2012 at CET 6.00pm / ET 12.00pm / PT 9.00am.

Argentina Struggling to Keep Frontier Status

On light volume, shares of the Global X FTSE Argentina 20 ETF ARGT -0.22% are trading slightly lower.

Technicalities Tangle Tarbosaurus Case

Since May, Mongolian officials, a fossil dealer, federal agents and paleontologists have been tusslingover a million-dollar dinosaur. And the story of this Tarbosaurus keeps getting more complicated.

Is Mongolia’s Fragile Economy Prone to Crisis?

Is Mongolia prepared for an economic crisis? This issue has become a subject of concern for many; especially officials, those who work in financial and economic sectors, and experts and researchers.

ADB Greenlights Mongolia's Sustainable Urban Transport Program

A more sustainable and efficient bus rapid transit system funded by the Asian Development Bank (ADB) will help decongest the crowded streets of Ulaanbaatar, one of Asia’s fastest growing cities.

Mongolian Air Charter Export Freight Needs to Stay Lively for EFIS

FRANCE - MONGOLIA – Some consignments need to be handled with a little more care than others and when EFIS Air, part of the ECS conglomerate group which features a host of air cargo industry stakeholders, were approached to handle a particularly delicate shipment, the freight compound at Châteauroux-Déols airport in France took on more of the look of a farmyard than a cargo transit terminal.

Mongolian National Broadcaster opens doors to the public

In celebration of its 45th anniversary this year, the Mongolian National Broadcaster (MNB) opened its doors to the public last weekend for the first time.

“Mongolian Apples” Deceive Consumers

Alleged “Mongolian apples” have been reportedly sold in every food markets as well some streets of Ulaanbaatar.

Tuesday, September 25, 2012