Monday, June 30, 2014

Black pepper saves life in an emergency

People’s Pharmacy on black pepper to stop bleeding, the risks of statins and mosquito-bite relief.

China catches industrial polluters using drones

CHINA is turning to aerial drones to monitor pollution, with its biggest mission to date finding illegal emissions by some of the largest industrial companies in the country’s northern provinces.

Korean Air Making a Difference to Students in Mongolia

Korean Air held a ‘donation ceremony’ on 26 June at Gun Galuutai Complex School nearby Baganuur, Ulaanbaatar to formally handover to the school thirty computers with desks and chairs.

Rio Tinto hits new Mongolia hurdle

One of Rio Tinto's largest projects has hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

Inner Mongolia launches tourism campaign

The Tourism Bureau of Inner Mongolia autonomous region announced its new tourism promotion campaign on June 27 in Beijing at a press conference to introduce its prime tourism resources.

Brave Gloucestershire woman set to embark on epic horse race across Mongolia

BRAVE Jess Kwong is set to embark on what has been described as the most extreme race on horseback the world has ever seen.

Crown Mongolia Opens New Warehouse Facility

The Crown Worldwide Group has made a strategic investment in the emerging market of Mongolia by pioneering the country’s first state-of-the-art facility in Ulaanbaatar.

Sunday, June 29, 2014

Fraudulent agents trapping young Nepali women in marriage to foreign husbands

A flourishing racket in ‘mail order brides’ has come to light, in which young women from low-income Asian countries like Nepal are lured into marriage with men far older than them in relatively wealthy Asian countries like South Korea.

Stocks Buzz – Turquoise Hill Resources, (TRQ), Midway Gold, (MDW), Freeport-McMoRan Copper & Gold, (NYSE:FCX),Uranium Energy, (NYSEMKT:UEC)

Manhattan, NY- June 28, 2014 – (Techsonian) – Turquoise Hill Resources, (NYSE:TRQ), recently released that a notice of dispute with the Government of Mongolia has been filed. The Investment Agreement outlines the dispute resolution process.

ADB sets up $17.6-million trust fund

The Asian Development Bank (ADB) has set up a new trust fund to support the adoption of advanced low-carbon technologies in its developing member-countries with a grant of about $17.65 million from the Japanese government.

PH country of focus, gets more Canada aid

The Canadian government on Saturday designated the Philippines as a “Country of Focus “ of its international development assistance program.

UN boss adopts a lion cub in Nairobi

NAIROBI, Kenya, June 28 – United Nations Secretary General Ban Ki Moon on Saturday adopted a six-month-old lion cub which he named Tumaini at the Nairobi National Park.

One man and his moped

A North Devon man who has travelled 60,000 miles through 34 countries on his trusty moped is gearing up to travel the length of North and South America.

UN Secretary General comments on threat of international terrorism in region

United Nations Secretary-General Ban Ki-moon called on the international community on Saturday to have "inclusive dialogue and inclusive policies, embracing all different groups of people" when dealing with international terrorism.

Canada picks PH as a 'Country of Focus' for its global aid program

MANILA - The Canadian government has designated the Philippines as a "Country of Focus" of its international development assistance program, a move seen to boost its support for the country’s poverty eradication campaign, among others.

Chinese drones keep eye on polluters

China has mobilized drones to gather air pollution data in key northern areas to assist an inspection on how well environmental laws are enforced, according to the Ministry of Environmental Protection.

Canada expands aid targets, but no new money for foreign development

OTTAWA - The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

Canada expands aid targets, but drops Pakistan, Bolivia

OTTAWA — The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

Canada reshuffles foreign aid priorities Consider the

The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

China’s Hohhot Becomes First City to Ease Home-Purchase Limits

China’s northern city of Hohhot waived checks limiting the number of homes each resident is allowed to own, becoming the first in the country to ease government policies to rein in real estate prices.

Hohhot ends curbs on home purchases

More cities may follow suit as govt considers market-based approach

Mongolian Armed Forces members, U.S. Marines train side-by-side

FIVE HILLS TRAINING AREA, Mongolia - Bang! A hand grenade goes off. Mongolian role players yell, “Help me!” as they pretend to be injured from the training grenade.

Multinational partners conduct field-training exercise in Mongolia

FIVE HILLS TRAINING AREA, Mongolia -- Nestled in a grass-covered valley surrounded by a panoramic view of rolling hills and low mountains lined with skyward-reaching rock formations, covered by an expansive sky that seems to go on forever, the Five Hills Training Area of the Mongolian Armed Forces came to life with the arrival of Soldiers for the Field Training Exercise (FTX) portion of Khaan Quest 2014 that began June 20.

Saturday, June 28, 2014

Chinese City of Hohhot Reverses Course on Home-Purchase Curbs

SHANGHAI--A city in northern China reversed course twice this week and is now dropping its limits on the purchase of second homes, in a sign of the uncertainties in China's softening property market.

Two Amur Falcons reach Inner Mongolia

Kohima, June 27 (MExN): Two of the three satellite-tagged Amur Falcons which were released from Nagaland on November 7, 2013 have reached Inner Mongolia.

Asia Foundation and GASI Conduct National Workshop on Environment in Mongolia

Ulaanbaatar, Mongolia, June 27, 2014 — On June 26-27, The Asia Foundation and the General Agency for Specialized Inspection (GASI) held a national training workshop, “Developing a rehabilitation methodology for small-scale mining, ensuring the proper use of natural resources, and protecting biodiversity and habitats,” at the GASI Conference Hall. The workshop was organized as part of the second phase of the Engaging Stakeholders in Environmental Conservation Project (ESEC II) designed to enhance the contribution of Mongolia’s artisanal mining sector to sustainable local development.

Strong, Safe and Resilient: NEMA and the World Bank host Disaster Risk Management Workshop

Ulaanbaatar. June 27, 2014 -- How can the citizens of Mongolia be protected from disasters?

Wang Yi: China-Mongolia Economic and Trade Cooperation Should Take Connectivity and Major Project Cooperation as a Priority

On June 24, 2014, Foreign Minister Wang Yi, in his meeting with President of Mongolia-China Joint Committee on Economic and Trade Cooperation on the Mongolian side and Deputy Prime Minister of Mongolia Dendev Terbishdagva in Ulan Bator, expressed that China-Mongolia economic and trade cooperation should take connectivity and major project cooperation as a priority.

President Tsakhiagiin Elbegdorj of Mongolia Meets with Wang Yi

On June 25, 2014, President Tsakhiagiin Elbegdorj of Mongolia met with Foreign Minister Wang Yi at the Government Palace in Ulan Bator.

10 Tips for Visiting Mongolia

For my 23rd birthday, I was lucky to be able to take a trip to the pristine Khuvsgul Lake in Mongolia.

Friday, June 27, 2014

First Chinese city openly relaxes housing controls

(Reuters) - A city in northern China re-affirmed its decision on Friday to allow people to buy more than one home, after appearing earlier this week to have rowed back on a move that could risk angering the central government.

Statement by Deputy Managing Director Naoyuki Shinohara at the Conclusion of his Visit to Mongolia

Press Release No. 14/311
June 27, 2014

Mongolia's mining boom raises environment concerns

With an abundance of minerals and one of the world's fastest growing economies, Mongolia is a hotspot for mining companies. But, lawmakers are struggling to ensure the environment doesn’t pay a heavy price.

Mongolia moves to prohibit sexual orientation discrimination

The government here has embarked on a series of sweeping reforms to the country's legal system, including provisions that aim to prevent crimes of hate, bigotry and discrimination.

Frontier LLC's 8th Annual Conference- Invest Mongolia September 2-3 2014, Ulaanbaatar: Confirmed Speakers Updated

Ulaanbaatar, June 27, 2014 (ABN Newswire) - Frontier LLC provides update for this year's "Invest Mongolia", 8th annual Conference 2014, to be held on September 2nd & 3rd in Ulaanbaatar, Mongolia.

The world of Haruki Murakami expands for Mongolia with ‘1Q84’

The Mongolian translation of the three volume book “1Q84”, by Haruki Murakami, was released on June 26 at Internom Bookstore.

Mongolia’s flourishing football fan base

Why ‘World Cup Fever’ may not end at the final whistle

Wang Yi: China-Mongolia Relations Face Important Development Opportunities

When holding talks with Foreign Minister Luvsanvandan Bold of Mongolia in Ulan Bator on June 24, 2014, Chinese Foreign Minister Wang Yi said that the current China-Mongolia relations face important development opportunities.

High capacity laboratory opens for better food safety in Mongolia

Newly constructed extension of the Central Food Laboratory of SAMO Scientific Food Research and Manufacturing Institute opened on Wednesday with the aim to improve food safety in Mongolia.

Mongolia’s ‘contortion sisters’ awe ‘America’s Got Talent’

America’s Got Talent reality television series’ season nine is taking place in Las Vegas, USA currently.

Development Bank of Mongolia to cooperate with foreign companies

During the irregular governmental meeting on Wednesday, approval was given to the Development Bank of Mongolia’s Board of Directors to establish a 75 million USD contract with Vnesheconombank of Russia, the Bank of Foreign Economic Activity, in order to re-finance capital demanded for installing and buying a 100 Megawatt turbine generator to improve the capacity of Thermal Power Plant No. 4.

D.Gankhuyag: Wang Yi’s visit will strengthen Mongolia-China relation and cooperation

Chinese Foreign Affairs Minister Wang Yi visited Mongolia from June 24 to 26. Deputy Minister of Foreign Affairs D.Gankhuyag gave an interview regarding the visit.

Mongolia Brief June 27, 2014 Part III



Jockeys under seven not allowed to race horses during Naadam

June 27 (UB Post) The State Specialized Inspection Agency is working to ensure safety of child jockeys this year.

Mongolia Brief June 27, 2014 Part II



5 Billion Financial Support with 5 % interest rate for SME’s

June 27 (Mongolian Economy) SME, small- and medium-sized enterprises held their first big forum today to discuss policies being implemented regarding the function of SMEs. The city government talked with representatives to ask for their opinion reflecting on a SME supporting program they hope to establish. Currently, there are over 26,000 small- and medium-sized enterprises in the city who sent 350 representatives to partake in today’s event. 

Mongolia Brief June 27, 2014 Part I



“Cherished Mongolian Horse” Exhibition Opened to Promote Culture and Tradition

June 27 (infomongolia.com) In the scope of the 90th anniversary of establishing contemporary museum in Mongolia and the 93rd anniversary of celebration of the People’s revolution, Mongolian Military Museum in collaboration with the Museum of Dundgovi Aimag have opened a “Cherished Mongolian Horse” exhibition in Ulaanbaatar.

Amur falcons: Pangti, Naga reach Mongolia

It has been reported that the two satellite tagged Amur Faclons named Pangti and Naga have returned back to Mongolia. However, another Amur Falcom named Wokha seemed to be still stuck in Africa.

Turquoise Hill files notice of dispute with Mongolia

(Reuters) -

Poverty, Inequality, and the Negative Effects of Mongolia’s Economic Downturn

For the last four years, Mongolia has had one of the fastest growing economies in the world, clocking double-digit growth on the back of a mining boom.

Mongolia Fortified Wine Market: New market analysis released

(live-PR.com) - Synopsis
Fortified Wine Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Fortified Wine market in Mongolia.

Oyu Tolgoi Row Shouldn’t Stall Funding, Director Says

Turquoise Hill Resources Ltd. (TRQ)’s tax dispute with Mongolia shouldn’t derail $4 billion of project financing to expand the Oyu Tolgoi copper mine part owned by Rio Tinto Group, a local director at the resource’s operator said.

Kenya: President of Kenya and Prince of Monaco Attend Opening of UNEA High-Level Segment

press release

Mongolia chairs UN Environmental Assembly

The first-ever United Nations Environmental Assembly is being hosted in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges, including green economy financial mechanisms, the illegal trade of wild animals and plants, sustainable environmental consumption, as well as development outlooks through 2015.

USA signs contract to return dinosaur fossils to Mongolia

Last week, Ambassador of Mongolia to the United States B.Altangerel signed an agreement on the repatriation of Mongolia-originated items collected at the U.S. Immigration and Customs Enforcement Department (ICE).

Viking Mines in fresh deal with Mongolian power authorities

Viking Mines – formerly Viking Ashanti – has signed a second future coal supply agreement with a Mongolian government power authority.

Viking Mines signs second coal MoU with Mongolian power authorities

Viking Mines (ASX:VKA) has signed a second future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.

Mongolian president meets Chinese FM on ties

ULAN BATOR, June 25 (Xinhua) -- Mongolian President Tsakhiagiin Elbegdorj held talks with visiting Chinese Foreign Minister Wang Yi here on Wednesday, with both sides vowing to promote bilateral ties to a new level.

D.Damba: I speak for miners, not politicians

Last weekend, the “100 Important Topics” program aired on several channels and online, stating that transporting coal to China by narrow-gauge railroad might pose a threat to national security.

Notice of Dispute Filed With the Government of Mongolia

VANCOUVER, BC, Jun 25, 2014 (Marketwired via COMTEX) -- Following receipt of an audit report from the Mongolian Tax Authority claiming unpaid taxes, penalties and disallowed entitlements associated with the initial development of the Oyu Tolgoi mine, Turquoise Hill Resources today announced that a notice of dispute with the Government of Mongolia has been filed.

Tax Dispute Threatens to Delay Mongolian Copper Mine

LONDON—A massive Mongolian copper mine in which Rio Tinto has a major interest looks set for further delays, after the company which owns the rights to the mine said it would challenge tax claims made by the country's authorities.

Exercise Khaan Quest 2014 begins in Mongolia

FIVE HILLS TRAINING AREA, Mongolia (June 24, 2014) -- Hundreds of service members and distinguished guests from U.S. Army Pacific and surrounding countries gathered for the Khaan Quest 2014 opening ceremony, held at the Mongolian Armed Forces Peace Support Operations Training Center at Five Hills Training Area here, Friday.

Mongolia Brief June 26, 2014 Part IV



Ulaanbaatar streets give residents a reason to smile

June 26 (UB Post) In the past few weeks, bright yellow smiley faces have been painted on manhole covers along main roads and streetlight poles along Baga Toiruu and University Street have been painted in light green as part of urban image improvement programs of the Ulaanbaatar Governor.

Mongolia Brief June 26, 2014 Part III



Mongolia Produces 1.5 Thous. Ton of Molybdenum in May

Ulaanbaatar, June 26 (MONTSAME) Mining Ministry officials informed at "Transparent Mining" press conference that a monthly production of molybdenum reached 1.5 thousand ton the last month.

Mongolia Brief June 26, 2014 Part II



From Bad to expensive?

June 26 (Mongolian Economy) It was six or seven years ago when Mongolia first set out to build 1,800 kilometres of new railway to increase the volume of exports to China.

Thursday, June 26, 2014

Mongolia Brief June 26, 2014 Part I



Mongolians at UNEA in Nairobi

Ulaanbaatar, June 26 (MONTSAME) A delegation of Mongolia is participating in the first UN Environment Assembly which is running in the United Nations Environment Programme (UNEP) Headquarters Nairobi, Kenya.

Mongolia Brief June 25, 2014 Part II



Standing Committee Head Meets OSCE/ODIHR Division Chief

Ulaanbaatar, June 25 (MONTSAME) A head of the parliamentary Standing committee on petitions and chairwoman of the working group for drawing up a bill on general elections R.Burmaa Wednesday received Dr Marcin Walecki, a chief of Democratic Governance and Gender Unit at the OSCE Office for Democratic Institutions and Human Rights.

Mongolia Brief June 25, 2014 Part I



Foreign Minister of People’s Republic of China, Wang Yi Pays Official Visit to Mongolia

June 25 (infomongolia.com) At the invitation of the Minister for Foreign Affairs of Mongolia, Mr. Luvsanvandan BOLD, Minister for Foreign Affairs of the People’s Republic of China, Mr. Wang Yi is paying an official visit to Mongolia on June 24-26, 2014.

Uranium price rebound could be fast – Areva

French nuclear group Areva expects uranium prices – under pressure since Japan’s Fukushima accident more than three years ago – to rise again, perhaps later this year or next, a company official said on Monday.

Copper demand to overtake surplus by 2019: Zimtu

Demand for refined copper will overtake the current surplus by 2019, says Zimtu analyst Derek Hamill.

Copper price extends rally after Chinese data, deficit surprise

In New York trade on Monday September copper jumped to a high of $3.151 a pound after data out of China shows manufacturing activity at a seven-month high.

Global Baby Food and Infant Formula Market 2014-2018

NEW YORK, June 25, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Baby Food and Infant Formula Market 2014-2018 Global Players Analyzed in New Research Report at ReportsnReports.com

Global Baby Food and Infant Formula Market 2014-2018 report analyzes companies like Abbott Laboratories, Danone SA, Mead Johnson & Co. LLC, Nestle SA, Ballamy Organics, Ella's Kitchen Friesland, H.J. Heinz Co., Hero Group, HIPP, Inner Mongolia Yili Industrial Group Co. Ltd., Manna Foods, Meiji, Morinaga, Nurture Inc., Parent's Choice, Plum Organics, Stonyfield Farm Inc., Sprout Foods Inc.

Best Selling Cars Around The Globe – Trans Siberian Series Part 16: The best-selling cars in Mongolia

This is the final Mongolian post in our Trans-Siberian Series, exploring a very unique and surprising list of the best-selling models in the country.

Chinese city backtracks on call to ease property controls

(Reuters) - A city in northern China on Wednesday appeared to rescind a decision to lift curbs on home purchases, highlighting the tension between central and regional governments over winding back controls on property.

A FINANCE AND HR COORDINATOR - MONGOLIA

We are looking for: A FINANCE AND HR COORDINATOR

Mongolia’s cement industry to meet rising demand

New production capacity in Mongolia’s cement industry is set to meet rising demand as advanced technology is replacing old equipment, moving towards self sufficiency in one of the key materials in the construction trade.

Kenya: Mongolia's Environment Minister Elected First President of United Nations Environment Assembly

press release

Cooperative Health Engagement opens to community during Khaan Quest 2014

ULAANBAATAR, Mongolia - Khaan Quest is a regularly scheduled, multinational exercise co-sponsored this year by U.S. Army Pacific, and U.S. Marine Corps Forces Pacific, and hosted annually by the Mongolian Armed Forces.

Mongolia hosts multinational peacekeeping drill

About 1,200 troops from 23 countries are participating in a peacekeeping drill in Mongolia's Five Hills military field, southwest of the capital.

Court of Justice in Mongolia Has Set June 30, 2014 as the Trial Date for the Tax Investigation Case Against SouthGobi Sands and Three of Its Former Employees

HONG KONG, CHINA--(Marketwired - June 24, 2014) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") previously announced on May 13, 2014 that the charges for alleged violation of Mongolian tax law had been officially filed against the Company's three (3) former employees and against the Company's Mongolian subsidiary SouthGobi Sands LLC ("SGS") as "civil defendant".

Mongolia Sets Date for Trial Against Former SouthGobi Employees

The trial of a tax investigation case into SouthGobi Resources Ltd. (SGQ) and three of its former employees is set to begin in Mongolia next week.

Wednesday, June 25, 2014

Khaan Quest 2014 opening ceremony

FIVE HILLS TRAINING AREA, Mongolia -- Hundreds of service members and distinguished guests from U.S. Army Pacific and surrounding countries gathered for the Khaan Quest 2014 opening ceremony held at the Mongolian Armed Forces Peace Support Operations Training Center at Five Hills Training Area, Mongolia on June 20.

Camel found to be infected with equine flu virus

Equine influenza is able to jump from horses to camels, researchers have confirmed.

Bizarre parasite from the Jurassic had mouthparts for sucking blood of salamanders

Researchers from the University of Bonn and from China have discovered a fossil fly larva with a spectacular sucking apparatus.

Ancient 'Bizarre' Parasite Had Only-Know Sucking Plate

A parasite they swam the freshwater lakes of Inner Mongolia 165 million years ago had a thorax formed like a sucking plate; no other known parasite has been known to have this type of sucker.

Tax dispute arises between Rio Tinto and Mongolia

Rio Tinto’s company in Mongolia has been accused of evading taxes and penalties payments related to the Oyu Tolgoi copper and gold mine.

Sound of the grasslands

A music producer from Inner Mongolia has gathered some of the best musicians from the remote region to play their music to audiences across the globe. Chen Jie reports.

Mongolian Government may introduce LGBT protections in face of neo-Nazi violence

The Mongolian government is considering the implementation of anti-discrimination legislature to protect its LGBT citizens in the face of rising neo-Nazi violence.

Mongolia Stock Exchange Appoints New CEO With Ties to U.K.

A former counselor at the Mongolian Embassy in the U.K. was named acting chief executive officer of the Mongolian Stock Exchange.

President of 2014 Incheon Asian Games visits Mongolia

The President of the 2014 Incheon Asian Games Organizing Committee Kim Youngsoo and other delegates are discussing collaborative projects and the Asian Games with the Mongolian National Olympic Committee, as part of their official visit to Ulaanbaatar ending tomorrow.

Chifeng Welcomes First International 5-star Hotel

Wanda Realm Chifeng, owned and managed by Wanda Hotels & Resorts, celebrated its grand opening on 20 June 2014.

Alaska National Guard continues partnership with Mongolian armed forces

CAMP DENALI, Alaska — Approximately 100 Alaska National Guard members arrived in Mongolia to participate in Exercise Khaan Quest 2014, scheduled to take place until July 1 at Five Hills Training Area and in the city of Ulaanbaatar.

Russian Federal Council Chairwoman visits Mongolia

Chairwoman of the Federation Council of Federal Assembly of the Russian Federation Valentina Ivanovna Matviyenko is on an official visit to Mongolia from June 22 and 23, at the invitation of Chairman of the Parliament Z.Enkhbold.

Chinese Foreign Minister to visit Mongolia

The Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, will pay an official visit to Mongolia by the invitation of the Minister for Foreign Affairs of Mongolia L.Bold on June 24 to 26.

Runway show weaves relationship between Mongolia and Turkey

Eighteen models from the Mongolian National Designers Association boasted colorful hand-woven Turkish kutnu and silk chiffon, aptly fusing the traditional and the modern, and the national and the international.


Mongolia tax row may delay Rio mine

A HOTLY contested tax dispute between Rio Tinto and the Mongolian government threatens to further delay a $US5.1 billion ($5.4bn) underground expansion of the Oyu Tolgoi copper-gold mine.

Mongolia accuses Turquoise Hill Resources of unpaid taxes of $6.6bn Oyu Tolgoi project

The Mongolian Tax Authority has accused Turquoise Hill Resources, a 51% Rio Tinto-owned mining firm, of unpaid taxes, penalties and disallowed entitlements associated with the $6.6bn Oyu Tolgoi copper and gold mine project.

Mongolia accuses Rio Tinto of Oyu Tolgoi mine tax default

The Mongolian Government has accused Rio Tinto and its subsidiary, Turquoise Hill Resources, of failing to pay taxes and penalties relating to the $6.6bn Oyu Tolgoi copper-gold mine project.

Tuesday, June 24, 2014

Mongolia Brief June 24, 2014 Part V



P.Tsagaan meets IRI delegation

Ulaanbaatar, June 24 (MONTSAME) Head of the Presidential Office P.Tsagaan Monday received a delegation of the International Republican Institute (IRI).

Mongolia Brief June 24, 2014 Part IV



New Acting CEO and Board of Directors of Mongolian Stock Exchange Appointed

June 24 (infomongolia.com) Following the Government Resolution No.152 dated from May 10, 2014, the Mongolian Stock Exchange (MSE) JSC’s rights of shareholder and duties were transferred to the Ministry of Finance of Mongolia.

Mongolia Brief June 24, 2014 Part III



PM Received by Turkish Speaker

Ulaanbaatar, June 24 (MONTSAME) The head of executive power of Mongolia N.Altankhuyag was received by the Chairman of the National Assembly (parliament) of Turkey Mr Cemil Cicek on Tuesday.

Mongolia Brief June 24, 2014 Part II



Selective measure to strengthen the tugrug

June 24 (UB Post) According to the National Statistical Office of Mongolia, money supply in our economy (including cash, balances held in checking and savings accounts, and foreign currency) reached 10.2 trillion MNT by the end of May 2014.

Mongolia Brief June 24, 2014 Part I



Speaker Z.Enkhbold Gives Interview to ITAR-TASS

Ulaanbaatar, June 24 (MONTSAME) The Chairman of the State Great Khural (parliament) Z.Enkhbold Monday gave an interview to Russia’s ITAR-TASS news agency.

Mongolia Brief June 23, 2014 Part II



Deputy PM about Naadam preparation

Ulaanbaatar, June 23 (MONTSAME) At the "Hours of Construction" meeting on Monday, the Deputy Prime Minister D.Terbishdagva informed journalists about the preparation for the Naadam festival (July 11-13).

Turquoise Hill stocks drop after Mongolia claims Vancouver miner owes taxes

Stocks in Turquoise Hill Resources (TSX: TRQ) were dropping during morning trading hours following the announcement the Mongolian government was investigating the Vancouver mining company for unpaid taxes associated with its Oyu Tolgoi project.

GDF SUEZ : signs Concession Agreement for 415MW power plant in Mongolia

Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.

Siblings take on Mongol Rally in old Morris Minor

Taking part in the Mongol Rally is no mean feat but tackling the 10,000-mile challenge in a clapped out motor sounds almost impossible.

Rio Tinto hits new Mongolia hurdle

One of Rio Tinto's largest projects has hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

CATERING INTl SERV : CIS wins a major US$100 million contract in Mongolia

Following an international call for tenders, CIS confirms the signature of a new contract with the major British-Australian Group, Rio Tinto, to ensure accommodation services management for the largest industrial mining project of this country, namely the Oyu Tolgoi copper and gold mine.

Environment, Economic Linked at New UN Assembly

The first-ever United Nations Environmental Assembly is underway in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges.

Rio’s Turquoise Hill gets new tax demand from Mongolia over Oyu Tolgoi

ONE of Rio Tinto’s largest projects hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

Mongolia Business Forecast Report Q4 2013 - new country guide report published

© companiesandmarkets.com
23.06.2014 12:59:01 - Mongolia Business Forecast Report Q4 2013 - a new country guide report on companiesandmarkets.com

Mongolian govt says Oyu Tolgoi owes taxes, penalties

June 23 (Reuters) - Mongolian tax authorities have sent a report to officials at the Oyu Tolgoi copper and gold mine, claiming unpaid taxes and penalties related to the development of the mine, which is operated by Rio Tinto, Turquoise Hill Resources Ltd said on Monday.

Turquoise Hill drops as Mongolia says Oyu Tolgoi owes tax, penalties

Turquoise Hill Resources Ltd. (TSE:TRQ), the Canadian mineral exploration company focused on the Asia Pacific region, fell in morning trade after Mongolia’s Tax Authority claimed the Rio Tinto Group unit operating in the country has unpaid taxes, penalties and disallowed entitlements associated with the Oyu Tolgoi copper mine development.

Mongolia says Oyu Tolgoi owes tax, penalties

(Reuters) - Mongolian tax authorities have sent a report to the Oyu Tolgoi mine claiming unpaid taxes and penalties related to the development of the mine, which is operated by Rio Tinto, Canada's Turquoise Hill Resources said on Monday.

Mongolia says Rio Tinto owes $130 million in Oyu Tolgoi unpaid taxes

Mongolia’s Tax Authority has accused Rio Tinto’s (ASX, LON, NYSE: RIO) unit in the country of evading taxes and penalties payments related to the $6.6 billion Oyu Tolgoi copper and gold mine.

Mongolia Considers Anti-Discrimination Law to Protect LGBT Citizens

The government of Mongolia is considering anti-discrimination legislation to protect its LGBT citizens.

Oyu Tolgoi Receives Audit Report From Mongolian Tax Authority

VANCOUVER, BC, Jun 23, 2014 (Marketwired via COMTEX) -- Turquoise Hill Resources TRQ +0.08% TRQ +0.08% CA:TRQ -3.18% today announced that Oyu Tolgoi LLC has received an audit report from the Mongolian Tax Authority claiming unpaid taxes, penalties and disallowed entitlements associated with the initial development of the Oyu Tolgoi mine.

Rio Tinto (RIO), Turquoise Hill (T.TRQ) caught in Mongolia tax dispute over Oyu Tolgoi

Turquoise Hill (TSX: T.TRQ, Stock Forum), a company controlled by Rio Tinto Plc (NYSE: RIO, Stock Forum), said Monday that its Oyu Tolgoi LLC operating unit in Mongolia has received an audit report from the Mongolian Tax Authority claiming unpaid taxes, penalties and disallowed entitlements associated with the Oyu Tolgoi mine.

Turquoise Hill stocks drop after Mongolia claims Vancouver miner owes taxes

Stocks in Turquoise Hill Resources (TSX: TRQ) were dropping during morning trading hours following the announcement the Mongolian government was investigating the Vancouver mining company for unpaid taxes associated with its Oyu Tolgoi project.

Rio Disputes Mongolia Claim Over Unpaid Taxes

Mongolia’s Tax Authority claims a Rio Tinto Group unit operating in the country has unpaid taxes, penalties and disallowed entitlements associated with the $6.6 billion Oyu Tolgoi copper mine development.

Rio’s Turquoise Hill gets new tax demand from Mongolia over Oyu Tolgoi

ONE of Rio Tinto’s largest projects hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

Rio Tinto's Oyu Tolgoi Mine in Mongolia Hits Another Snag

LONDON—One of Rio Tinto RIO.LN +1.61% PLC's largest projects hit another snag Monday after the company running the $6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

Monday, June 23, 2014

Mongolia Brief June 23, 2014



Speaker Works in Orkhon Province

Ulaanbaatar, June 22 (MONTSAME) The Chairman of the State Great Khural (parliament) visited Saturday Orkhon aimag to meet with its authorities and discuss with them how a construction is running in the locality.

No solution to coal

China’s answer to carbon emissions from its expanding coal use has a downside.

Mongolia hosts multinational peacekeeping drill

About 1,200 troops from 23 countries are participating in a peacekeeping drill in Mongolia's Five Hills military field, southwest of the capital.

Schmidt-Curley Design prepares to unveil course in Inner Mongolia

HOHHOT, Inner Mongolia, China -- Schmidt-Curley Design's pioneering spirit has once more come to the fore in the shape of an authentic links-style course on the edge of the Gobi Desert and along the banks of the Yellow River.

Mongolia warlord it over rivals

Mongolia made a triumphant return to international rugby in the Asian 5 Nations Division IV tournament at the expense of reigning champions Cambodia and hosts Brunei.

Mongolian Government plans to protect LGBTIs from hate crimes

LGBTI people and ethnic minorities will be protected from being subjected to hate crimes in Mongolia if a government proposal goes forward.

U.S. Marines renovate Mongolian kindergarten for Exercise Khaan Quest 2014

ULAANBAATAR, Mongolia - Sounds of power saws and hammers can be heard emanating from the halls of a white-bricked elementary school in Bayayngol District, Ulaanbaatar, Tov province, Mongolia, June 18 where Marines are working hard to renovate it as part of the Engineering Civic Action Program of Khaan Quest 2014.

POSCO Energy Sets Foot in Mongolian Power Plant Business

SEOUL, KOREA - POSCO Energy has won the license to build and run a coal-fired combined cycle thermal power plant, or CHP-5, in Mongolia.

POSCO Energy consortium wins 1.5 tln won deal in Mongolia

SEOUL, June 23 (Yonhap) -- POSCO Energy Co., a unit of South Korea's top steelmaker POSCO, said Monday a consortium it belongs to has signed a 1.5 trillion won (US$1.34 billion) contract to build and operate a combined heat and power plant in the suburbs of Ulaanbaatar, the capital of Mongolia.

Russia, Mongolia to lift visa regime in August

Speaker of the State Great Khural, Mongolia’s parliament, Zandaakhuugiin Enkhbold, hopes to sign an agreement on visa-free regime with Russia in August.

Best Selling Cars Around The Globe: Trans Siberian Series Part 15: The Japanese imports of Ulaanbaatar

This is the next step in our Trans-Siberian adventure.

Slideshow: Adventures in Mongolia

Photographer Brian Pineda never rode a horse in his life.

Sunday, June 22, 2014

Mongolia Brief June 20, 2014 Part II



Discussion runs on development of higher and vocational education

Ulaanbaatar, June 20 (MONTSAME) The parliamentary Standing committee on social policy, education, culture and science Friday organized a discussion themed "Developmental ways and solutions for higher and vocational education" in the State House.

Our continuing fascination with the Mongolian death worm

Mongolia's Gobi is one of the world's greatest deserts, covering over 500,000 sq. miles.

Lost Tomb of Genghis Khan

Genghis Khan and his Mongol horsemen cut a swathe through China, the near East and as far as Eastern Europe in the late 12th and early 13th centuries.

Meet the Genghis McKhans.. three Scots wrestlers who are taking on the Mongolians at their national sport

THREE wrestlers face the challenge of a lifetime by taking on some of Mongolia’s best grapplers in their own backyard.

Dunnellon sisters on 'America's Got Talent' Sunday night

Erdenesuvd Ganbaatar says her first instinct as a child was to entertain. She could move her body in ways that nobody else could.

Univ. president decorated by Mongolia

Oman participated in the 2014 Seoul International Book Fair held at COEX in southern Seoul last week.

Mongolian mission trip returns to visit Ellensburg

Moving back and forth between two countries every few years is uncommon for most people, but for career missionaries, it’s a way of life.

Three Scottish wrestlers set to travel 5000 miles to grapple with Mongolia's finest

DUBBED the Genghis McKhans, the Scots will travel 5000 miles to the eastern state - where wrestling is the national sport - and compete against the best in their kilts.

Mongolia plans anti-discrimination laws

Ulaanbaatar, Mongolia - The government here has embarked on a series of sweeping reforms to the country's legal system, including provisions that aim to prevent crimes of hate, bigotry and discrimination.

Saturday, June 21, 2014

Mongolia Brief June 20, 2014



PM Opens "Mongolia Business Summit 2014"

Ulaanbaatar, June 20 (MONTSAME) Opening the summit on Thursday, the Prime Minister N.Altankhuyag had a speech, explaining efforts of his Government to stimulate the economy of the nation.

New dubstep-influenced EDM track ‘Ready’ showcases Valiant Horizon artist Terry Sartor

ATLANTA, Ga. /eNewsChannels/ — NEWS: Atlanta’s Valiant Horizon announces the forthcoming single from Valiant Artist Terry Sartor entitled “Ready” – which was produced by up-and-coming German electronic musician Jerome Klark of the dance music unit M.I.T.

GDF SUEZ : signs Concession Agreement for 415MW power plant in Mongolia

Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.

Newssummary: Inner Mongolia Xing'an to Complete Construction of 100,000-tpy Zinc Smelting Project in May 2015

SHANGHAI, Jun. 20 (SMM) – Inner Mongolia Xing'an Copper and Zinc Smelting Co. plans to complete the construction of a 100,000-tpy zinc smelting project in May 31, 2015, local media reported today.

Newssummary: Inner Mongolia Plans to Eliminate 58,000-tpy Aluminum Capacity by 2017

SHANGHAI, Jun. 20 (SMM) – A total of 58,000-tpy inefficient aluminum capacity will be eliminated by 2017 in Inner Mongolia, local media reported.

Fossil of a 70-million-year-old ‘Terror Lizard’ goes back to Mongolia

A fossil of one of the most fearsome predators to have stalked the earth is being returned to Mongolia after it was located in Britain as part of an investigation into dinosaur smuggling, The Independent can reveal.

Mongolia’s cement industry moves towards self-sufficiency

A new report from the Oxford Business Group suggests Mongolia’s cement industry is moving towards self-sufficiency.

Mongolian film premiers in Vietnam

For the 60th anniversary of diplomatic relations between Mongolia and the Socialist Republic of Vietnam, a joint film named “Life Like a Film” premiered in a cinema in Hanoi on June 13.

Mongolia, GDF Suez-led Group Sign 450MW Power Plant Agreement

A GDF Suez SA-led group signed a concession agreement today with the Mongolian government to build a $1.2 billion power plant in Ulaanbaatar.

GDF Suez to build 415 MW CHP plant in Mongolia

French power and energy services firm GDF Suez is to build a 415 MW combined heat and power plant in Mongolia, according to the terms of a memorandum of understanding signed this week.

Mongolia and Japan: Beyond Power Politics?

For some reason the Mongols always seem to catch the Japanese by surprise.

Friday, June 20, 2014

Mongolia Brief June 19, 2014 Part VI



Unpermitted buildings at Tuul River bank

June 20 (UB Post) Housing prices near the Tuul River are considerably higher due to the favorable conditions of the area, which includes fresh air and location away from noise and crowds.

Mongolia Brief June 19, 2014 Part V



Mongolia-Poland commission for economic cooperation to meet

Ulaanbaatar, June 19 (MONTSAME) The first meeting of the Mongolia-Poland joint commission for the economic cooperation will be held June 22-24 in Ulaanbaatar.

21 nations including China to take part in Khaan Quest drill

A total of 1,200 officers and soldiers from 21 nations around the world will take part in the annual Khaan Quest 2014 Multinational Exercise held in the Tavan Tolgoi (Five Hills) training region in Mongolia between June 20 to July 1, reports the Seoul-based Yonhap News Agency.

Liquefied natural gas plant, China

Name and Location
Liquefied natural gas (LNG) plant, Inner Mongolia province, China.

MONGOLIA ENERGY (00276) has dropped 5.085%. The last price is HK$0.224

[Dropping Stock] MONGOLIA ENERGY (00276)'s price dropped 5.085% at 11:17a.m.

Surabaya chosen to host Asian Fashion Week 2014

Surabaya, capital of the province of East Java, has been chosen to host the Asian Fashion Week 2014 which is scheduled to take place from 15th to 18th August 2014 at the Ciputra World, Surabaya.

Wang Yi to Visit Mongolia

Foreign Ministry Spokesperson Hua Chunying announced at the regular press conference:

Chinese FM to visit Mongolia

Chinese Foreign Minister Wang Yi will pay an official visit to Mongolia from June 24 to 26, Foreign Ministry spokeswoman Hua Chunying announced Thursday.

Mongolian film launches in Vietnam

For the 60th anniversary of the diplomatic relations between Mongolia and Socialist Republic of Vietnam, a joint film named “Life like a film” premiered in a cinema in Hanoi on June 13.

Dutch Firms Aid Mongolian Tanneries With Sustainable Production

MVO Nederland and various Dutch companies from the leather industry, including Stahl, have entered into a partnership to support tanneries in Mongolia with making their production process sustainable.

Mongolia marks World Blood Donor Day

Mongolia marked the World Blood Donor Day on Saturday, June 14, under the motto, “Safe blood for saving mothers”.

Mongolian foreign exchange reserves decline to worrying level

Analysts of Morgan Stanley financial services cooperation, Desmond Lee and Gaurav Singhal reported that Mongolia’s foreign exchange (FX) reserves reached 1.7 billion USD by the end of April. However,

Mongolia attends G77+China summit

Deputy Foreign Affairs Minister of Mongolia D.Gankhuyag represented Mongolia in the Group 77 + China summit held last weekend in Santa Cruz, Bolivia.

Mongolia seizes 67 medals in Asian Draughts Championship

The 7th Asian Draughts Championship took place from June 10 to 15 in Bangkok, Thailand.

Mongolia secures growth with cement production hike

By Paulius Kuncinas
Regional Editor, Oxford Business Group

Thursday, June 19, 2014

Google cameras spotted filming in Mongolia

On Thursday, June 12th, Google Street View Cameras were spotted filming at the Chinggis Khan Equestrian Statue at Tsonjin Boldog by UB Post staff.

Entrepreneur makes a name for Taiwan in Inner Mongolia

A Taiwanese entrepreneur has seen success in bringing Taiwan's service industry model to a real estate group in Inner Mongolia, writes our sister paper China Times.

Berlin holds horse race to celebrate 40th anniversary of relations with Mongolia

On the occasion of the 40th anniversary of establishment of relations between Mongolia and Germany, a horse racing event took place in honor of Mongolia at Hoppengarten horse racing stadium of Berlin, Germany on June 15.

Mongolia and Argentina to boost collaboration in agriculture

Deputy Minister of Industry and Agriculture of Mongolia Ts.Tuvaan and Javier Rodriguez, secretary of Argentina’s Political and Institutional Coordination and Agricultural Emergency, signed a cooperation memorandum on agriculture on June 16.\

In Mongolia, Perception of Corruption as Most Critical Problem Drops

Last week, The Asia Foundation, the Sant Maral Foundation, and Mercy Corps Mongolia released the fourth semi-annual corruption survey, revealing citizens’ perception of corruption in one of the fastest growing economies in the world.

Mongolia Brief June 19, 2014 Part III



Chinese Foreign Minister to Visit Mongolia

Ulaanbaatar, June 19 (MONTSAME) Invited by the Foreign Minister L.Bold, his counterpart of China Mr Wang Yi will pay an official visit to Mongolia on June 24-26.

Mongolia Brief June 19, 2014 Part II



O.Ganbat: Customs officers will be reshuffled every two years

June 19 (UB Post) The following is an interview with O.Ganbat, Head of the General Customs Office of Mongolia, about timely issues in the sector.