Mongolian Economy and Finance

Law on medicine and medical supplies indicates “Medicine national policy is an inseparable part of National Security ensuring united policy of Mongolia”.

Our journalist talks to MP S.Oyun defining Parliament united session to discuss about draft law on gender.

The international marathon for Anti-Aggression Day will be held in Nagpur city, India on January 30. Athletes from 23 countries have submitted their applications to participate the marathon. Mongolian athlete L.Otgonbayar will participate in the marathon with his coach A.Gantogtokh.

Court of Magistrate of Westminster in London yesterday discussed B.Khurts’s issue and concluded that it is not possible to release B.Khurts on bail.

The World Bank makes the prospects of world economy that is highly influential to countries’ and regions’ economic growth and diminishing in 2011.

Prime Minister S.Batbold informs result of the official visit to Arab United Emirates and Mongolia has possibility to import a million tons of purified oil.

Ulaanbaatar, Mongolia, /MONTSAME/ An open discussion ran Wednesday to consider some matters such as updating of the state policy in combating alcoholism and related steps.

Ulaanbaatar, Mongolia, /MONTSAME/ On Wednesday, the cabinet of Ministers decided to set up a State Children Protection center (SCPC).

Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet discussed Wednesday outcome of the official visit of the Prime Minister S.Batbold paid December 13-16, 2010 to the Russian Federation (RF).

Ulaanbaatar, Mongolia, /MONTSAME/ The ambassador extraordinary and plenipotentiary of the USA to Mongolia Jonathan Addleton has visited Dornogobi aimag.

Ulaanbaatar, Mongolia, /MONTSAME/ The parliamentary Standing committee on law has considered as necessity to discuss the draft amendments to the laws on electronic signature, on civil matter, on special licenses of enterprisers, on tax, on state registration of legal persons, on civil registration, on money accounts of banks and legal persons, and on payment and credit activities.

Food prices are skyrocketing. Commodities prices are at historic highs. Stock markets are in disarray. Are commodities markets getting into a bubble that would burst soon?

Mongolia’s economic freedom score is 59.5, making its economy the 94th freest in the 2011 Index. Its overall score is 0.5 point lower than last year, mainly reflecting reduced scores for government spending and freedom from corruption.

Political Rights Score: 2 Civil Liberties Score: 2 Status: Free

Results from a magnetic survey at Haranga Resources’ (ASX: HAR) Sumber iron ore project have unveiled the discovery of a large, intense magnetic anomaly.

Mongol Bank and value of MNT Value of MNT against EURO and USD dropped significantly in the year 2009 but it in mid 2010 it started to gain its value.

CALGARY, Jan. 12 /PRNewswire/ - Ivanhoe Energy Inc. (TSX: IE.to - News ) announced today that the company has made an application to extend the expiry date of 12,410,000 unlisted outstanding common share purchase warrants for 30 days.

The price of raw materials — everything from oil to gold to corn — has been soaring, and to find out why, you have to dig all the way to China .

Harry Norman: Hello. This is Harry Norman for Proactive Investors, and welcome to another Proactive audio interview.

HOUSTON, Jan. 13 -- Petromanas Energy Inc., Calgary, appointed Steve C. Farner as vice-president, exploration.

Even Mongolia has got crowded for mobile phone companies.

INVESTORS have been falling over themselves lately to throw money at projects in Mongolia.

Sydney, Jan 14, 2011 (ABN Newswire) - Aspire Mining Limited ( ASX:AKM ) ( PINK:ASPXF ) is pleased to announce positive coal quality and raw coal analysis test results from its 100% owned Ovoot Coking Coal Project ("Ovoot") in northern Mongolia.

Silk Road Management is to acquire the rights to MonBiz Mongolia Index and MonBiz Hong Kong Index, two equity indices MonBiz Media has co-developed with Eurasia Capital Ltd in 2010.

Head of Civil Fair Court Kh.Bat-Yalalt is intending to establish a political party and registered party name in State Registration General Board /SRGB/.

Managing officials of Civil Will and Green Party political parties have recently concluded jointed agreement of alliance and agreed to hold the assembly on January 31.

President Ts.Elbegdorj has exchanged views on fume and air pollution of Ulaanbaatar with members of the Government, Parliament and capital city managing officials.

Ulaanbaatar, Mongolia, /MONTSAME/ At the Cabinet meeting held Wednesday, a Minister of Finance S.Bayartsogt was given a right to spend 166 million 410 thousand 300 togrog from the Government reserve fund for transportation and distribution of the rice that has been sent from Republic of Kazakhstan as a humanitarian aid.

Most miners in Chile have agreed to pay higher taxes to fund post-earthquake reconstruction, but investment is seen safe in the top world copper producer as prices for the red metal soar and new projects remain scarce.

Hanggai wield a several instruments a lute called Tobshuur, a horse-head fiddle, banjo, guitar and percussion. But pots and pans are not their usual tools of performance.

Recently we published an analysis from copper and China specialist Simon Hunt suggesting that the copper price might rise at the beginning of 2011, but fall back heavily as the year progresses, before making a very sharp recovery in 2012, but crashing back down thereafter (see The likely pattern for copper prices in 2011 and beyond).

GDP and inflation Growth Domestic Product of Mongolia reached 8255.1 billion MNT at the end of last year and was increased by 25 percent if compared with the same period of the previous year.

The currently effective regulatory measure, National Security Council ban on license issuance, blocks the interest of investors in mining industry.

The United Nations Food and Agricultural Organization’s food price index reached its highest-ever level in December.

Swaddled within the bordering presence of the Great Wall of China and Siberia lies Mongolia , one of the last natural landscapes unchanged by industrialization.

This is the first time that this extensive exhibition will be on show in Asia and its ArtScience Museum stopover is currently its only Asian venue planned

Meat, being collected and reserved for the UB city people, will be sold starting from January 15. The meat is to be sold at 267 outlets in 0,5-3 kg packages.

In 2010, Mongolia traded with 132 countries from all over the world. Total external trade turnover reached 6,177.1 million U.S.dollars, of which exports made up 2,899.2 million U.S. dollars, imports--3,277.9 million U.S. dollars.

At national level by the end of 2010, 32.7 million heads of livestock were counted, of which 1,920.3 thousand were horses, 2,176.0 thousand cattle, 269.6 thousand camels, 14,480.4 thousand sheep and 13,883.2 thousand goat.

In 2010, a total of 350.8 billion togrog of construction and installation works were carried out at nationwide.

In 2010, the total industrial output increased 169.7 billion togrog or 10 percent to 1,874.6 billion togrog (at 2005 constant prices) compared to the previous year.

South Korean mobile operator SK Telecom Co. (SKM) said Thursday it has sold its entire 29.3% stake in Mongolia's Skytel LLC to existing shareholders raising a total of KRW28.3 billion ($25.4 million) and marking its exit from the country as the market becomes saturated.

Frontier markets could see an annual growth of 11% over the next 10 years, predicted asset managers Swiss & Global Asset Management, outperforming many developed and mature emerging markets.

The Mongolian government Wednesday decided to return remains of a U.S. space rocket that fell in Mongolian territory about one year ago, an official press release said.

History and growth of production In the late 1980s, agriculture was a small but critical sector of the Mongolian economy. In 1985 agriculture accounted for only 18.3 percent of national income and 33.8 percent of the labor force.

MILAN, ITALY, and ZURICH, SWITZERLAND--(Marketwire - January 12, 2011) - Eurand N.V. (NASDAQ: EURX ), a global specialty pharmaceutical company, and Nycomed, a privately owned global pharmaceutical company, announced today that Eurand has entered into an exclusive commercialization, license and supply agreement with Nycomed for Russia and the Commonwealth of Independent States (CIS), as well as Georgia and Mongolia.

Meeting between Italian and Mongolian Government Commissions will be held in February to discuss possibilities of business cooperation between the two countries.

Cooperating with commercial banks, the Government has been implementing a soft loan to provincial small and medium sized enterprisers for the past two years.

Joint group of police and military are guarding Shijir Alt and Zeregtsee gold mines of Mongolrostsvetmet Union LLC in Zaamar soum of Tuv aimag by a Government protocol.

Young Programmers Union of Mongolia appeal request to decision makers that to reduce Value Added Tax of software program products and service; to exempt VAT and economic entities taxation of software products and service along the national export support of these business.

Speaker D.Demberel has ordered to establish a working group to change two provisions of law on Parliament procedures.

Preventing to deficit of ticket and price increase before Tsagaan sar, Ulaanbaatar Railway schedules additional passenger local train on Tuesday, Wednesday and Saturday to Zamiin-Uud.

German well known conductor Felix Reimann has conducted “Mozart’s Magic Flute” on December 8 by an invitation of B.Sergelen, the Director of Academic Theater of Opera and Ballet. Following his lead, Italian conductor Roberto Salvalaio and opera singer Paride will arrive in Mongolia on January 14.

Ulaanbaatar, Mongolia, /MONTSAME/ At a meeting of the UB city's executive workers, a Mayor of Ulaanbaatar, G.Monkhbayar said Monday that investments to the city "will be open and an embarrassing situation will be handled where a lot of interests are centralised and is unknown who does what".

Ulaanbaatar, Mongolia, /MONTSAME/ The First Deputy Premier of Mongolia N.Altankhyag received Monday Mrs. Coralie Gevers, who was appointed the country director of the World Bank for Mongolia in December last year.

Ulaanbaatar, Mongolia, /MONTSAME/ A Mayor of Ulaanbaatar G.Monkhbayar received Tuesday Dr. Rahman Nurdun, a resident representative of Turkish international cooperation agency/TICA/ in Mongolia.

Ulaanbaatar, Mongolia, /MONTSAME/ The President Ts.Elbegdorj held Tuesday a consultation to consider problems with air pollution in the city with chairmen of factions of parties, heads of some Standing committees, parliamentarians and authorities of the Ministry of Mineral Resources and Energy and Ulaanbaatar.

Ulaanbaatar, Mongolia, /MONTSAME/ The Mayor of Ulaanbaatar G.Monkhbayar received Tuesday Mr. Yu Hongyao, the ambassador extraordinary and plenipotentiary of the People's Republic of China to Mongolia, in conjunction with completion of his mission.

Ulaanbaatar, Mongolia, /MONTSAME/ International master of sports and a member of the state selected team for judo S.Miaragchaa has won the Fair Play Prize.

The Tsaatan (and not Tsaan, as the article mentions) are a small culture of reindeer herders living in Mongolia. Only 44 Tsaatan families remain, totaling somewhere between 200 and 400 people.

The Norwegian Ambassador to Mongolia, Svein O. Sæther, performed the official opening. Present at the ceremony were representatives of Mongolian authorities, parliamentarians, the resident diplomatic corps, and the local Norwegian community.

I know this may appear to some to be an enviable job—getting to speak about the one asset class that seems to continually out-perform all others year after year—but it is a double edged sword.

Copper imports by China, the world’s largest consumer of the metal, declined in December, as lower domestic prices deterred purchases.

Some sources inform that today’s meeting of Standing Committee on Security and Foreign Policy would discuss working group conclusion on Oyutolgoi deposit mine’s exploitation issue and Technique Economic Basis and Mineral Resources Council’s summary but the discussion is postponed because officials of Mineral Resources Council, Minister of Finance S.Bayartsogt and Minister of Nature, Environment and Tourism L.Gansukh should attend the meeting.

Earth Island Journal : Multinational mining companies eye Mongolia's earthly fortunes

Rio Tinto has prided itself on the fact that more than 80% of its assets are in OECD countries. So its $3.9 billion deal last month to buy Australian-listed Riversdale Mining , whose principal assets are in Mozambique, represents a strategic shift for the global mining giant.

(RTTNews) - Russia has prematurely lifted a ban on the export of flour and other agriculture products made from grain, responding to appeals from flour mill owners who fear losing their clients abroad.

Britain's largest national park has been included on a US magazine's list of places in the world for travellers to visit during 2011.

Ivanhoe Mines (NYSE: IVN) closed Monday's trading session at $23.79. In the past year, the stock has hit a 52-week low of $12.15 and 52-week high of $30.03.

DANVILLE, Calif., Jan. 11, 2011 (GLOBE NEWSWIRE) -- S3 Investment Company, Inc. (Pink Sheets:SIVC) today updated the status of an acquisition transaction involving Mongolian Resource Corporation (MRC) a client of the company's wholly owned Redwood Capital subsidiary.

Coal mine engineering provider Sedgman Ltd has secured $US31 million ($A31.18 million) worth of new contracts that will expand its presence in Mongolia.

The Ministry of Nature, Environment and Tourism initiated a draft to divide tourism regions in six. The law on tourism and the national tourism program has been ready to be passed by Parliament.

Former Prime Minister and Head of Flour Producers’ Union, Sh.Gungaadorj; and Deputy Chief of Veterinary and Breeding Board, B.Tsogtbaatar informed media about agriculture and farm fields’ cooperation with Canada.

The best women wrestlers of Russia and China arrived in Mongolia for a joint training with Mongolian woman wrestlers by the request of Mongolian Free style wrestling team and Mongolia’s Free Style Wrestling Association.

The Ministry of Food, Agriculture and Light Industry /MFALI/ and Mayor’s Office have reserved 12 tons of meat for capital city residents and meat would be sold from January 15.

Ulaanbaatar, Mongolia, /MONTSAME/ The Democratic Party has started a "Soums-330" programme in order to have its members got qualified as managers of state leadership.

Ulaanbaatar, Mongolia, /MONTSAME/ In accordance with a decree of the President and a governmental decision, war veterans have been given apartments.

Ulaanbaatar, Mongolia, /MONTSAME/ The State Emergency Commission (SEC) gave Monday a report on winter situation in rural areas.

The supply of paper currencies is infinite; the supply of gold is finite. This striking contrast provides an excellent reason to exchange the former for the latter, writes Rob Marstrand, chief investment strategist for the Bonner & Partners Family Office.

Wall Street has been calling gold a bubble since 2005 when it hit $500. Some media naysayers remained negative even as they wrote the headlines proclaiming record highs and saw gold rise almost 30 percent in the past 12 months.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - Long Harbour Capital Corp. (TSX VENTURE:LHC) reports that it has been granted a further extension of six months within which it may complete the exploration expenditure requirements in order to exercise the option to acquire the HD Property located in the Liard Mining Division, British Columbia.

A draft parliament resolution on the promulgation of Renewed Concept of Foreign Policy of Mongolia has been submitted to the Parliament.

Dubai - (PanOrient News) Prime Minister of Mongolia Batbold Sukhbaatar said he was "impressed by the highly developed infrastructure in Dubai and United Arab Emirates," and expressed hope "to build bridges of cooperation" between both countries.

Bat Khurts is the head of Mongolia's counter-terrorism agency. He arrived in Britain expecting to hold security talks with British officials.

Express confidence that the visit would boost ties between the two countries

* Seeks $200 mln in damages * Mongolia refused to reinstate licenses in November * Claim served on various Mongolian officials

Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years in Australia’s Queensland state disrupted output from the world’s biggest shipper of the fuel.

Undiscovered Equities is a leading provider of equity research on high impact oil and gas exploration projects and other aggressive growth investment opportunities.

The Ministry of Social Welfare and Labor has been awarded by “Memorandum of Mongolian Children” from Suragch newspaper and “Friendly to Mother and Children” memorandum from Saran Eej Association.

B.Khurts, Administrative Chief of the National Security Council, again appeared in a London Court of Magistrate of Westminster on January 5 following his arrest warrant to Germany.

The Ministry of Road, Transportation and Urban Development and Ulaanbaatar Transportation Board plan to reform taxi cars and service in 2011.

Our journalist talks to Deputy Chairman of Representing Managing Council of Erdenes Tavantolgoi LLC O.Erdenebulgan, relating critical issues of tender selection for an investor and an operator company.

The Ministry of Mineral Resources and Energy, Authority of Mineral Resources and Mongol Coal Association yesterday organized a meeting where the state-owned and private sectors representatives who operate in coal mining field exchanged views in the National Development and Innovation Committee Office about how to export coal through China.

In November 2010, the First Deputy Prime Minister N.Altankhuyag met with students studying in professional training centers according to the negotiation between Oyutolgoi LLC and Mongolian Government.

Ulaanbaatar, Mongolia, /MONTSAME/ The State Great Khural chairman D.Demberel issued Thursday an order according to which a working group has been set up. It has been tasked with dealing with a draft amendment to the law on procedure of parliamentary session, which came into effect January 1, 2011.

Ulaanbaatar, Mongolia, /MONTSAME/ The National Taxation office concentrated in the state and regional budgets one trillion 540 billion 2 million income overfulfilling an annual plan of 2010 by 165 billion 8 million togrog.

Ulaanbaatar, Mongolia, /MONTSAME/ Free style wrestling international competitions named after sports masters L.Nyam and L.Davaa will take place January 16-18 in the Central Palace of Sports.

Ulaanbaatar, Mongolia, /MONTSAME/ Mongolia and Kuwait issued a joint statement on January 6, 2011 in Kuwait City after an official visit of the Mongolia's Prime Minister S.Batbold paid to Kuwait.

National Aluminium Co., India’s second-biggest producer of the metal, is seeking to buy uranium mines in Canada, Mongolia and Namibia to secure supplies for its first move into nuclear energy.

Industrial metal copper could climb above $12,000 a tonne by the end of June as the market factors in a supply shortage, Peter Fertig, a consultant at Quantitative Commodity Research told Reuters.

SouthGobi Sands LLC, which exploits coal in Ovoot Tolgoi coal deposit in Gurvantes soum of Umnugobi aimag, is building a coal crushing facility that assorts coal from stones.

The Khan Bank Foundation has started a project to diversify toys for children in kindergartens, and to give Mongolian traditional intellectual puzzle toys that are good for children's health as well their IQ development.

The Minister of Foreign Affairs G.Zandanshatar submitted Friday a draft resolution on approval of the concept of foreign policy of Mongolia, to the Parliament Speaker D.Demberel.

How do you in these early days of 2011 imagine your homeland of Mongolia, your organization and your private life will be at the end of coming decade? Everyone has own imagination.

Lucrative contracts threatened as agent languishes in Wandsworth prison.

In early 2010, a bitterly cold and snowy winter followed a summer drought, preventing many species in Mongolia from grazing adequately.

Mongolia may be best known for its endless steppe and nomadic culture, but a significant demographic shift is underway in which rural residents are crowding into urban centers, especially in the capital Ulaanbaatar.

GWANGJU, Jan 7 (Bernama) -- A 34-year-old South Korean man was sentenced to 17 years in prison for killing his Mongolian wife's friend and injuring her husband during a quarrel, Yonhap news agency cited court officials as saying on Friday.

The Government has announced the year 2011 as the Employment Support Year. Prime Minister Su.Batbold will head a national committee in charge of drafting the action plan and monitoring its implementation.

Within the framework of the 50th Anniversary between Cuba-Mongolia’s diplomatic relations, an exhibition called “Cuba in Mongolia” was opened in the Khan Bank Art Gallery on January 5, 2011.