This blog is all about economic and financial events happening in Mongolia.
Sunday, March 31, 2013
Abe, Mongolian chiefs to cooperate on resource projects, North Korea
ULAN BATOR – After meeting with Mongolian President Tsakhia Elbegdorj and Prime Minister Norov Altankhuyag in Ulan Bator, Abe told a news conference the two sides will accelerate ongoing bilateral negotiations toward inking a free-trade accord.
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Official visit
Mongolia Seeks to Play Peacemaker as North Korea Declares ‘War’
Mongolia called for six-party talks to be resumed after North Korea said it’s in a “state of war” with its neighbor to the south.
Japan seeks Mongolia support in China island row
Japanese Prime Minister Shinzo Abe sought support from Mongolia on Saturday in Tokyo's territorial row with Beijing over disputed East China Sea islands, during a visit to the country.
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Official visit
Japan seeks Mongolia support over island spat
Shinzo Abe, Japanese prime minister, has sought support from Mongolia over Japan's East China Sea islands dispute with China during a visit to the former communist country.
Saturday, March 30, 2013
Japan Seeks Stronger Mongolia Ties
TOKYO—Japanese Prime Minister Shinzo Abe traveled to Mongolia on Saturday, pledging greater cooperation in energy and trade relations, as Japan seeks closer ties in the region to offset China.
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Foreign relations
Exploring knowledge, attitudes, and practices related to alcohol in Mongolia: a national population-based survey
Demaio AR; Dugee O; de Courten M; Bygbjerg IC; Enkhtuya P; Meyrowitsch DW
Copenhagen School of Global Health, University of Copenhagen, PO Box 2099, Copenhagen K Dk-1014, Denmark. demaio@sund.ku.dk.
Copenhagen School of Global Health, University of Copenhagen, PO Box 2099, Copenhagen K Dk-1014, Denmark. demaio@sund.ku.dk.
Weekend Edition: Changing Landscapes
Pascale Harter introduces personal stories from BBC correspondents, journalists and writers from around the world.
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Environment
New sheriff of Wall St. is racking up insider trading convictions
NEW YORK — Preet Bharara, the man dubbed the new sheriff of Wall Street, notched another arrest in the government's vast insider trading probe.
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Stock Exchange
Japan's PM leaves for Mongolia on nature resources
TOKYO - Japanese Prime Minister Shinzo Abe on Saturday left for Mongolia in a move to strengthen ties and cooperation with the resource-rich developing country.
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Official visit
Friday, March 29, 2013
Leather tanneries to be removed from City by 2017
Experts invited by the Ministry of Industry and Agriculture to look at the leather working industry reported that leather processing factories in Ulaanbaatar should be centralized in one place.
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Ulaanbaatar
Mongolian surgeons successfully transplant vertebrae
Qualified Mongolian surgeons successfully removed and transplanted a patient`s vertebrae bones, atlas C2 and C4, for the first time.
Ulaanbaatar metro project approved
Ulaanbaatar city authorities has set the target to introduce a metro service to public transportation by 2020.
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Ulaanbaatar
No horse-racing competition until June
The Federation of Mongolian Horse Racing Sport and Trainers (FMHRST) submitted a decision not to hold any horse-racing competitions until June due to recent fatal accident of 8 year old jockey-boy following local horse-racing tournament which was held in Jargalant sum in Khovd aimag on March 19 dedicated to army soldiers holiday.
Central Bank offers loans to building material providers
The Ministry of Construction and Ministry of Construction and Urban Development signed an agreement of price stabilization last January with the Central Bank of Mongolia to issue lower interest loans to domestic providers of cement and structural materials.
The Second Economics Conference will be held in Ulaanbaatar
The National University of Mongolia will host the 2nd Economics Conference in Ulaanbaatar on July 2-3, 2013.
Draft law on use of Chinggis khaan's name
MP D.Ganbat and G.Bayarsaikhan submitted a draft law about the use of Chinggis khaan`s name and Chinggis khaan`s portrait to the Deputy Speaker L.Tsog on Thursday March 28th.
CPC leader meets Mongolian guests
Senior Communist Party of China (CPC) leader Liu Yunshan on Wednesday met with a delegation of the Mongolian People"s Party led by the chairman Ulziisaikhan Enkhtuvshin.
Shinzo Abe receives Sumo Grand Champion
Japanese Prime Minister Shinzo Abe received Sumo Grand Champion, Hakuho, the historical record holding winner of the basho 15-0 for a record ninth time on Thursday March 28th.
Tyrannosaurus Bataar to return home in May
A working group has been established to bring a nearly complete 70-million-year-old Tyrannosaurus Bataar, the centre of international debate, on May 18th by the Ministry of Culture, Sport and Tourism and the General Police Department.
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archaelogy
GLOBAL INTERNET SLOWS AFTER ‘BIGGEST ATTACK IN HISTORY’
The internet around the world has been slowed down in what security experts are describing as the biggest cyber-attack of its kind in history.
ABE’S MONGOLIA TRIP TO FOCUS ON ENERGY ISSUES
Prime Minister Shinzo Abe will visit Mongolia from Saturday through Sunday and meet Mongolian President Tsakhia Elbegdorj and Prime Minister Norov Altankhuyag, Japanese officials said Wednesday.
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Official visit
Mine cost raises pressure on Rio Tinto in Mongolia
The cost of completing a huge copper mine in Mongolia has ballooned by $1.5 billion, adding further strain to Rio Tinto’s difficult relationship with the Mongolian Government.
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Oyu Tolgoi
Manas Petroleum Corp. Files Annual Report 2012 and NI 51-101 Disclosure
BAAR, Switzerland, March 28, 2013 -- /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (TSX-V: MNP; OTCBB: MNAP) has filed its annual report on Form 10-K for the year ended December 31, 2012 on EDGAR and on SEDAR.
'Admission' Makes the wait list
We all love Tina Fey, not just because she's brilliant, but because she's always the same. It's comforting, like going to Mongolia and seeing that golden McDonald's arch as you ride up in your ox cart.
Mongolia Eyes $300M Royalty from Oyu Tolgoi Mine
The standoff between the Mongolian government and Rio Tinto (ASX: RIO) is worth $303 million in a planned progressive royalty to be collected on the Oyu Tolgoi copper mine.
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Oyu Tolgoi
Cost blowout to hit Mongolia project of Rio Tinto subsidiary
MELBOURNE Global mining giant Rio Tinto has for the first time admitted that its dispute with Mongolia government is threatening to delay production at the $US11.3 billion Oyu Tolgoi copper and gold project, which has been hit by a significant cost blowout that has wiped out $US1.5billion ($A1.4billion) of value.
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Oyu Tolgoi
NCR to Provide Kiosks at Airport in Remote Inner Mongolia
NCR Corp. is partnering with a Chinese firm to provide the Ordos Ejin Horo Airport inChina’s Inner Mongolia Autonomous Regionwith self-check-in kiosks for all the airlines that use the airport.
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Inner Mongolia
UK renewable energy trade mission to Mongolia
British renewable energy companies are being urged to join a UK government-backed trade mission to Mongolia.
Mongolia’s rock scene to be revealed
The small but vibrant rock music scene in Ulaanbaatar has not had much exposure on the world stage so far, but that is about to change with the upcoming release of a film titled “LIVE FROM UB.”
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Entertainment
Why Mongolia needs trees
Yesterday the world celebrated the vital, life-sustaining role of forests. March 21, 2013 was the first ever United Nations International Day of Forests, a day set aside to raise awareness of the value of forests and to promote sustainable forest management.
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Environment
Mongolia Seeks Partner for Coal Railroad to China, Montsame Says
The Mongolian government is seeking a non-state partner to build a 160-mile (260-kilometer) railway from the Tavan Tolgoi coal field to the Chinese border, the state-run news agency Montsame reported.
Mongolia Planning To Buy U.S. Military Airplanes
Mongolia is in discussions to buy American-made military transport airplanes, and is getting U.S. help in learning how to operate the aircraft.
Turkey-Mongolia visa talks to begin
Turkish Deputy Prime Minister Bulent Arinc and Mongolian Defense Minister Dashdemberal Bat-Erdene on Thursday attended a signature ceremony for Turkey-Mongolia Joint Economic Commission Seventh term Meeting Memorandum of Understanding in the Turkish capital of Ankara.
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Foreign relations
Fourth meeting of India-Mongolia Joint Committee on Cooperation held in New Delhi
New Delhi, India: The 4th Meeting of the India-Mongolia Joint Committee on Cooperation was held in New Delhi on 21 March 2013.
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Foreign relations
Mongolia’s PM Proposes Easing Scrutiny of Foreign Investment
Mongolia is planning to ease restrictions on foreign investment to encourage more private companies to do business while keeping restrictions on state- owned groups, Prime Minister Norovyn Altankhuyag said.
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Investment
Investment Policy Review on Mongolia presented and steps to diversify from, capitalize on mining boom recommended
An UNCTAD Investment Policy Review (IPR) which recommends that Mongolia take steps to capitalize on the big development opportunities presented in recent years by foreign investment in mining has been discussed with the country's Prime Minister and high-level Government officials.
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United Nations
Dividing up Mongolia's mining riches from Oyu Tolgoi
Mongolia has for centuries been characterised as a nation of nomads and cattle herders, but this is all changing thanks to a huge new copper and gold mine.
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Oyu Tolgoi
Turquoise Hill report shakes up Mongolia stand-off
The Oyu Tolgoi mine has been a political hot potato in Mongolia from virtually the day it was discovered in 2001.
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Oyu Tolgoi
Thursday, March 28, 2013
Rally team prepares for trip from Shetland to Mongolia
Two men with Shetland connections are part of a driving team taking part in the Mongolian Charity Rally.
Turkey-Mongolia economic committee meeting begins in Ankara
Turkish Deputy Prime Minister Bulent Arinc said that Turkish contractor sector could undertake projects in Mongolia's urban transformation.
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Cooperation
Abe’s Mongolia trip to focus on energy issues
Prime Minister Shinzo Abe will visit Mongolia from Saturday through Sunday and meet Mongolian President Tsakhia Elbegdorj and Prime Minister Norov Altankhuyag, Japanese officials said Wednesday.
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Official visit
Mongolia Seeks Partner for Coal Railroad to China, Montsame Says
The Mongolian government is seeking a non-state partner to build a 160-mile (260-kilometer) railway from the Tavan Tolgoi coal field to the Chinese border, the state-run news agency Montsame reported.
Wednesday, March 27, 2013
CONFERENCE STARTS ON EFFECTIVE SOVEREIGN WEALTH FUND MANAGEMENT
Ulaanbaatar, March 20 /MONTSAME/ For Effective Sovereign Wealth Fund Management, the Government of Mongolia and World Bank Group Partner started Wednesday a High-level International Conference.
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Conference
ALLENS CLIENT UPDATE: PROVIDING GREATER INVESTOR CERTAINTY IN MONGOLIA
March 21 (Allens) In brief: There are reports that the Mongolian Government is considering amending its controversial Law on Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance (colloquially known as theStrategic Entities Foreign Investment Law) to make Mongolia a more attractive destination for private inbound investment.
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Investment
BDSec: Hidden value of Mongolian stock market
March 22 (BDSec) After we sent out some news about a company which has just won the government tender to build a 1000km highway, one of our clients got back asking how come the company's stock price goes down when there is actually positive news.
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Stock Exchange
Newera: PRIORITY OFFER TO LISTED OPTION HOLDERS
March 21 -- Newera Resources Limited (ASX: NRU and NRUO) is pleased to advise that the Company will undertake a priority offer to its listed option holders (Priority Offer), being those holders of listed options (ASX: NRUO) exercisable at $0.03 each and expiring on 30 June 2013 (Options).
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Stock Exchange
Xanadu: Investor Presentation, March 2013: "Building a leading copper & gold company"
March 21, Xanadu Mines Limited (ASX:XAM) --
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Company news
BofAML cuts MMC (00975) to "neutral" & HK$3.4
[ET Net News Agency, 21 March 2013] BofA Merrill Lynch cut its target price for Mongolia Mining Corporation (MMC)(00975) to HK$3.4 from HK$5, and downgraded the stock to "neutral" from "buy".
Citizens demand alcohol restrictions
According to government authorities, many of the comments received at the11-11 call centre set up to collect comments about the new Tobacco Control Law have been about alcohol, not only tobacco, with many citizens demanding that the government amend the Alcohol Law to restrict the sale and consumption of alcoholic beverages.
M.Saranzaya: “Perhaps I am a modern nomad.”
Columnist Allyson Seaborn has a new and intimate series of questions she’ll be asking interesting Mongolian nationals each week.
Citizens Council on Environment urges fair decision
The incident where 22 calves died with no reasonable explanation in Ulaanbadrakh sum in Dornogovi aimag late last year sparked public debate.
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Environment
Permission for National Taekwando Team to form
The 20th State Adult Taekwando Championships have been held at the Sport Palace in Ulaanbaatar on March 25th to 27th.
“Mine Tech-2013” Exhibition opens today
The “Mine Tech-2013” Exhibition is an exhibition for mining technology suppliers and opens at Misheel Expo Center today, Wednesday March 27th.
Draft law to ease investment environment submitted by Deputy Speaker
Deputy speaker M.Enkhbold submitted a draft law to make an amendment to the current law on foreign investment in firms in strategic assets to the Government on Wednesday March 27th.
Passengers of delayed MIAT flight compensated
Passengers of the Boeing 737-800 MIAT ОМ136 Berlin-Moscow-Ulaanbaatar flight were stuck in Sheremetyevo International Airport in Moscow due to technical service failure and a snowstorm since Sunday March 24th.
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Transportation
RIO’S MONGOLIA MINE HITS ANOTHER HURDLE
Significant design changes have been proposed for Rio Tinto’s most important growth asset as the company seeks to offset rising costs at the massive Oyu Tolgoi mine in Mongolia.
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Oyu Tolgoi
St. Joe’s doctors help abroad through missions
JOLIET — When a young child in Mongolia suffered a severe head injury, skilled neurosurgeons at Presence Saint Joseph Medical Center — more than 6,000 miles away — sprang into action to save her life.
MSU grad leads skiing biologists looking for wolverines in Mongolia
Headed by Montana State University graduate Gregg Treinish and featured on National Geographic’s education website, the researchers left Bozeman on March 19.
Renewed interest from foreign banking institutions seeking to secure a place in Turkey's Istanbul Finance Center
Zaman – Turkey’s Ministry of Environment and Urbanization is dealing with renewed interest from foreign banking institutions seeking to secure a place in the Istanbul Finance Center (IFC), after Turkey’s Central Bank, along with the head offices of the country’s governing bodies of financial markets and state-owned banks, became involved in the project.
Nominations open for FT/IFC Sustainable Finance Awards 2013
Some of the world’s leading sustainability-minded financial institutions will be honoured by The Financial Times (FT) and the International Finance Corporation (IFC) on June 13, when the 8th annual FT/IFC Sustainable Finance Awards take place.
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Advertisement
Turquoise Hill still in talks with Mongolia but Oyu Tolgoi mine still on track
Turquoise Hill Resources Ltd. (TSX:TRQ) says it's in no rush to start production at Oyu Tolgoi, its multibillion-dollar mine in southern Mongolia even though the project is near completion.
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Oyu Tolgoi
Online courses open doors for teenagers
Teenage applicants from as far afield as India and Mongolia are catching western colleges’ attention by taking so-called “massive online open courses” designed for older students.
Online courses open doors for teenagers
(Financial Times) -- Teenage applicants from as far afield as India and Mongolia are catching western colleges' attention by taking so-called "massive online open courses" designed for older students.
Broker snap: Rio Tinto offers solid value, says Credit Suisse
LONDON (SHARECAST) - Credit Suisse has kept its 'outperform' rating and 4,000p target price for mining giant Rio Tinto following a revised technical report for the Oyu Tolgoi copper and gold project in Mongolia.
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Oyu Tolgoi
Mongolia Energy Corporation issues profit warning
Mongolia Energy Corporation Limited board informed the shareholders of the company and potential investors that based on the information currently available it is expected that the Group may record a significant gross loss for the financial year ending March 31st 2013 as compared with the audited results in 2012 on the same basis.
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Stock Exchange
Report points to rising costs as Rio's Mongolia mine grows
(Reuters) - Miner Rio Tinto has pointed to rising costs at its giant Oyu Tolgoi copper mine in Mongolia, in technical documents that confirm a $5.1 billion budget for the project's second phase, but reduce the scale of that planned expansion.
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Oyu Tolgoi
Mongolia Growth Group Ltd. Publishes February 2013 Monthly Letter to Shareholders
Ulaanbaatar, MONGOLIA, Mar 26, 2013 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - TSX Venture),is pleased to announce the release of its February 2013 letter to shareholders.
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Stock Exchange
Mongolia to revise foreign investment law
ULAN BATOR, March 27 (Xinhua) -- The Mongolian government submitted a draft law Wednesday to revise a controversial "strategic investment law" in a bid to ease the path for foreign investment.
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Investment
Mongolia Exchange Value May Reach $40 Billion on Rule Change
The passage of a Mongolian securities law allowing dual listings would boost the value of the nation’s stock exchange by 33-fold to $40 billion within five years, said the bourse’s chief executive officer.
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Stock Exchange
Mongolia in Rio royalties standoff
Mongolia expects to squeeze at least an extra $303 million out of Rio Tinto this year, as part of the royalties standoff that is threatening to stall development of the massive Oyu Tolgoi mine.
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Oyu Tolgoi
Mongolia investment slump pushes govt to move on new rules
* Mongolia foreign direct investment down 17 pct in 2012
* Government moves to ease uncertainty on strategic investment
* Minerals law debate deferred to after election
* Cautious optimism around Oyu Tolgoi dispute
* Government moves to ease uncertainty on strategic investment
* Minerals law debate deferred to after election
* Cautious optimism around Oyu Tolgoi dispute
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Investment
Hip hop band member attempts to set himself on fire
Hip hop band member Baayar or Sh.Batbayar is suspected of narcotic use and sale.
MIAT passengers forced to wait 24 hours in airport
Berlin-Moscow-Ulaanbaatar MIAT flight ОМ136 was held up in Moscow on Sunday March 24th.
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Transportation
Romeo and Juliet musical comes to Mongolia
A musical based on William Shakespeare"s play Romeo and Juliet, with music and lyrics by Gerard Presgurvic is to be staged in Mongolia.
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Entertainment
Mongolia to revise investment policy
The Government of Mongolia and the United Nations Conference on Trade and Development (UNCTAD) are jointly working together to release a report about the investment environment in Mongolia in 2013.
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Conference
Tuesday, March 26, 2013
Speaker Z.Enkhbold visits Canada
CANADIAN MINING INDUSTRY WARNS QUEBEC OVER 30% ROYALTY PLAN
The Mining Association of Canada (MAC) has warned the Quebec government over its plans to tax the gross value of annual production at 5% and to increase royalties up to 30%, in the case of “super profits.”
China’s Xi Jinping to Visit Congo and Tanzania: Charm and Business Set New African Course
China's new president Xi Jinping will visit three sub-Saharan African countries and Russia on his first official trip overseas.
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Two Neighbours
Where to eat when holidaying in Moscow
It’s not just the opulence of the tsars in imperial Russia or the awe-inspiring shuttles of the ‘space race’ that are etched in our memories.
Indonesian Embassy in Beijing and China ASEAN Business Council Strengthen Indonesia-China Cooperation on Economic Promotion
VOI NEWS 18.00 WIB, GMT+7, 23-03-2013
Philly scientist awarded for climate change study
PHILADELPHIA (AP) — A scientist at the Academy of Natural Sciences in Philadelphia is recipient of a prestigious award for his research on climate change in Mongolia.
Turquoise Hill Resources Announces Financial Results and Review of Operations for 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 25, 2013) - Turquoise Hill Resources (TSX:TRQ)(NYSE:TRQ)(NASDAQ:TRQ) today announced its financial results for the quarter ended December 31, 2012. All figures are in US dollars unless otherwise stated.
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Company news
What Can Be Done About North Korea?
North Korea has been making headlines for its threats of preemptive nuclear attacks on the United States. In addition to North Korea’s belligerent military actions, the international community cannot turn a blind eye to the regime’s appalling record of human rights violations and its economic stagnation resulting from three generations of dictatorial reign.
Defectors, activists hail U.N. probe into N.K. human rights
Seoul (The Korea Herald/ANN) - Defectors, experts and activists on Monday hailed the recent approval of a U.N. panel to probe human rights breaches in North Korea as a landmark step in a long battle to end the oppressive regime's cruelties.
Nuclear waste a growing headache for South Korea
ULAN BATOR, Mongolia — North Korea's weapons program is not the only nuclear headache for South Korea.
New Fortnightly Mongolian Groupage Freight Service from LTL and Multimodal Carrier
LITHUANIA – MONGOLIA – A.R.T. Logistics, a specialist multimodal project company that works with large multinational companies in the oil & gas, power generation and mining sectors moving freight throughout Central Asia, the CIS, Mongolia and Asia, has launched a twice monthly Less-Than-Truckload (LTL or groupage) service connecting Europe to Mongolia.
Turquoise Hill reports $182.4M loss in Q4
VANCOUVER - Turquoise Hill Resources (TSX:TRQ) is reporting a net loss of $182.4 million in the fourth quarter, more than double its net loss of $85.8 million in the same period a year earlier.
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Company news
Turquoise Hill reports $182.4M Q4 loss, attributed to new Mongolia mine
VANCOUVER - Turquoise Hill Resources (TSX:TRQ) is reporting a net loss of $182.4 million in the fourth quarter, more than double its net loss of $85.8 million in the same period a year earlier.
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Company news
Mongolian beauties
IFC - International Finance Corporation : IFC Helps Leading Mongolian Bank to Back Small and Medium Business Growth
In Ulaanbaatar:
Tsolmon Baasanjav
Phone: (976) 11-312-694
E-mail: TBaasanjav@ifc.org
Tsolmon Baasanjav
Phone: (976) 11-312-694
E-mail: TBaasanjav@ifc.org
Mongolia mine closure wipes out SouthGobi revenue
(Reuters) - SouthGobi Resources Ltd's revenue plunged 98 percent and the coal miner reported a bigger fourth-quarter loss as its only producing mine remained shut after the Mongolian government suspended its licenses.
Cuba and Mongolia Strengthen Bilateral Bonds
HAVANA, Cuba, Mar 23 (acn) The government of Mongolia decided to cancel the debt contracted by the Republic of Cuba for the exchange of goods between the two states until 1990.
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Foreign relations
Mongolia Increases Gold Reserves to Highest Since August 2008
Mongolia raised its gold reserves for a third month to the highest in more than four years in February as the metal capped its longest monthly losing streak since 1997.
Rio's Mongolia mine hits another hurdle
Significant design changes have been proposed for Rio Tinto's most important growth asset as the company seeks to offset rising costs at the massive Oyu Tolgoi mine in Mongolia.
Labels:
Oyu Tolgoi
SouthGobi posts US$103 million loss for 2012 as mine shutdown cuts revenue 70%
HONG KONG - SouthGobi Resources Ltd. (TSX:SGQ) has reported a US$51.8-million net loss in the fourth quarter, bringing the coal producer's total loss last year to US$103 million.
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Company news
SouthGobi Resources widens Q4 loss on back of closed mine
TORONTO (miningweekly.com) – Mongolia-focused coal miner SouthGobi Resources on Monday said it had widened its quarter-on-quarter loss as operations at its flagship Ovoot Tolgoi mine during the fourth quarter remained suspended.
Mongolia mine closure plunges SouthGobi into the red
(Reuters) - Mongolia-focused coal miner SouthGobi Resources Ltd posted a hefty loss for 2012 as Ulan Bator forced it to suspend its only producing mine in response to a takeover bid from China's state-owned Chalco .
Names and signs must be in Cyrillic or national script
In accordance with a decision taken by the Ulaanbaatar City Government in February, city district governors have begun enacting Resolution 37, which requires that entity names, signs and commercial billboards must be written only in Cyrillic or in the national Mongolian script.
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Ulaanbaatar
Ulaanbaatar might run out of water by 2015
A consultative meeting titled “The Queen River Tuul and Ulaanbaatar’s Fate” was held on March 20 to discuss the limited water resources in Ulaanbaatar and the measures needed to address impending water shortages.
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Ulaanbaatar
President attends Nauryz event
To celebrate Nauryz (Nowruz), a holiday observed by the Kazakh people every year on March 22, the day of the spring equinox, a ceremony and exhibition were held at Sukhbaatar Square yesterday.
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President
Ch. Gankhuyag: WE ARE DESTINED TO LIVE PROSPEROUSLY
Labels:
Interview
Erdenes Tavan Tolgoi to release IPO by 2015
The Minister of Mining D.Gankhuyag told the press on Wednesday during a regular ministry update that state-owned Erdenes Tavan Tolgoi (ETT) would release an initial public offering (IPO) by 2015.
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Tavan Tolgoi
Agreement signed for developing tourism in UB
On Thursday the Arts and Culture Authority of Ulaanbaatar (ACAU) signed a memorandum of understanding with the Ulaanbaatar City Tourism Board (UCTB) under which the two organizations will work together to develop Ulaanbaatar as tourist attraction, with the aim of increasing tourism revenue.
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Ulaanbaatar
Ulaanbaatar to be car-free on March 31
This year’s “Car-Free Day” in Ulaanbaatar will take place on Sunday, March 31 under the theme “Together out in the fresh air without cars.”
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Ulaanbaatar
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