Friday, January 14, 2011

No control over medicine trade

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

Parliament to discuss draft law on gender

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

L.Otgonbayar to compete in the international marathon

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.

B. Khurts is not released on bail

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.

World Bank economist in charge of Mongolia to arrive

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

Mongolia to import purified oil

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.

Open discussion held

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.

Center for children to be set up

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

Cabinet discusses official visit of Premier

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).

U.S ambassador visits Dornogobi

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

Mongolia and law on electronic signature

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.

Is commodities market in a bubble?

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?

Index of Economic Freedom World Rankings:Mongolia-94

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.

Freedom in the World: Mongolia-Free

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

Haranga Resources discovers large magnetic anomaly at Mongolian iron ore project

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

Social and Economic report of Mongolia, 2010 – Part 2

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.

Ivanhoe Energy Announces Proposal to Extend Warrants

CALGARY, Jan. 12 /PRNewswire/ - Ivanhoe Energy Inc. ( - 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.

Emerging markets have commodity prices on upswing

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.

Audio Interview Transcript with Doug McGay, CEO of Petro Matad

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

Petromanas appoints exploration VP

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

Deal of the day: Mongolia “saturated” with mobile phones

Even Mongolia has got crowded for mobile phone companies.

Mongolia and mining - caution needed

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

Aspire Mining Limited (ASX:AKM) Confirms High Quality Coal At Ovoot Coking Coal Project 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 acquires Monbiz indices

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.

Thursday, January 13, 2011

Political party names are registered

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/.

D.Enkhbat to lead Civil Will-Green Party

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 requests to reduce electricity price

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

Relief rice to be distributed

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 agree to tax hike in copper giant Chile

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.

Genghis flavour

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.

China copper demand in 2011 may be less than expected. Prices could suffer

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).

Social and Economic report of Mongolia, 2010 – Part 1

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.

When the ban on license issuance be removed?

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

Food Will Become Scarcer in 2011

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

Affluent Page Features Urbane Nomads

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

Genghis Khan “invades” Singapore

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

Mongolia reserved meat to be sold

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.

Mongolia traded with 132 countries in 2010

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.

Mongolia counts 32,7 million livestock

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.

350 billion togrog spent for construction in Mongolia in 2010

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

Mongolian industrial output increased 169,7 billion togrog

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.

SK Telecom Sells 29.3% Stake In Mongolia's Skytel, Exiting Market

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, including Mongolia, could have 11% growth, reveals study

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.

Mongolia agrees to return remains of U.S. space rocket

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.

Agriculture In Mongolia - China Injection Moldings - Sheet Metal Parts Manufacturer

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.

Eurand Announces Agreement With Nycomed for ZENPEP® in Russia-CIS

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.

Wednesday, January 12, 2011

Italian and Mongolian business forum to be held

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

MNT200 billion to be spent to SME

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

Police protecting gold mines

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.

Programmers request support

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.

Parliament decision has not violated the Constitution

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

Additional passenger train is scheduled

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.

Italian conductor and singer to perform in Mongolia

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.

Mayor about this year's city

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".

N. Altankhuyag meets WB country director

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.

Mayor receives TICA resident representative

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.

President worries about air pollution

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.

Mayor meets Chinese ambassador

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.

S. Miaragchaa wins fair play prize

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 Reindeer People Of Mongolia

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 Norway-Mongolia Bilateral Relationship

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.

Gold Outlook 2011: Irreversible Upward Pressures and the China Effect

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 demand expected to rise

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

Oyutolgoi exploitation issue may postpone

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.

Mongolia's wilderness threatened by mining boom

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

Rio Tinto Digs Deeper Into Africa

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.

Russia Lifts Ban On Flour Exports

(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.

National Geographic magazine editor wowed by Cairngorms

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 (IVN) Showing Bearish Technicals But Could Break Through $24.22 Resistance

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.

S3 Investment Company, Inc. Updates Status of Conditional Acquisition Agreement for Redwood Capital Client

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.

Tuesday, January 11, 2011

Sedgman expands work in Mongolia

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

Mongolia to have six tourism regions

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.

Mongolia to import agriculture equipments from Canada

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 wrestlers of Russia and Inner Mongolia arrive in Mongolia

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.

Reserve meat to be sold in retail

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.

Democratic party supports youth

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.

War veterans receiving apartments

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

State emergency commission reports

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

Investment bubble can take gold to $8,000/oz

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.

Outlook 2011: Fear and Love Driving Gold Demand

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.

Long Harbour Granted Extension Under HD Property Option Agreement

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.

Zandanshatar: Many Factors to Update Foreign Policy Concept

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

Mongolian Prime Minister ``Impressed`` by Dubai, Invites Arab Investments

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.

UK. Who cares if this guy is a top official in Mongolia?

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

Mohammed receives Mongolian Prime Minister

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

Khan Resources seeks arbitration for Mongolia license

* Seeks $200 mln in damages

* Mongolia refused to reinstate licenses in November

* Claim served on various Mongolian officials

Coal Contract Price May Rise 33% After Australia Floods Disrupt Production

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 President, Kevin McKnight names Manas Petroleum (MNAP) Number One Pick for 2011

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

Monday, January 10, 2011

Civil organizations estimate Ministry’s work

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.

Will B.Khurts be released on bail?

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.

600 taxi cars to be brought

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

Government keynotes trend to Tavantolgoi

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.

Mongolia to export coal to the world market

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.

Second training of Oyutolgoi begins

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.

Working group set up

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.

Tax income overfulfilled

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.

International freestyle wrestling to run

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.

Mongolia-Kuwait joint statement issued

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 Seeks to Acquire Uranium Mines Overseas in Power Foray

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.

Copper could breach $12,000/T by end-June

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 will create more jobs

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.

Kindergartens receive Mongolian nat'l intellectual toys

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.

Mongolian Foreign Policy Draft resolution submitted

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.

Mongolia in 2020

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.

Mongolia declares diplomatic war on Britain over arrested spy

Lucrative contracts threatened as agent languishes in Wandsworth prison.

Mongolia's Livestock

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

Mongolia: The Land of Steppes Searches for Urban Planning Solution

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.

Man Sentenced To 17 Years In Prison For Killing Mongolian Woman

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 year 2011 will support employment

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.

Friday, January 7, 2011

“Cuba in Mongolia” Exhibition Opens in UB

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.

Medicine imported from 33 countries

There are 184 organizations, 25 factories and 1200 drug stores work to supply medicine, medical supplies, equipment, laboratory substances, biological active products and disinfecting chemicals.

Mongolian athletes in 2011

2011 is a significant year for Mongolian athletes because the London Olympic Games is coming in the near future.

“Mongol Citizen 2020” program’s ideology

The Democratic Party put objectives to estimate national interests, to encourage household development and to create society that produce national wealth and provide citizens’ freedom.

Draft law submitted

Ulaanbaatar, Mongolia, /MONTSAME/ On Thursday, a senior advisor to the President P.Tsagaan; and deputy head of the Presidential Office B.Nergui submitted a draft law to the Parliament Speaker.

Contortionists to perform in Turkey

Ulaanbaatar, Mongolia, /MONTSAME/ Contortionists and some artists of the New Circus Center will give concerts in cities of Turkey. In accordance with a contract, they will perform in the biggest amusement parks and circus for six months.

Mongolian spy chief blasts British ‘insult’

A Mongolian spy chief told a London court Wednesday that an extradition case against him was an “insult” and claimed the government had lured him to Britain to detain him for alleged kidnapping.

Coal Market Trends Of 2010

Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China.

Palladium, silver and copper may be in far more of a bubble than gold

Gold is the metal which always attracts the major intention in the metals commodities sector – perhaps because from time immemorial it has been synonymous with wealth, so when gold rises substantially over a long period it tends to attract more attention than other metals and minerals which may have had equal, or greater, rises.

Japan's National Strategy Minister Visits Mongolia to Promote Ties

Japan's National Strategy Minister Koichiro Genba visited Mongolia from Tuesday to Thursday to boost relations between the two countries, a press release of the Mongolian Foreign Ministry said Thursday.

Australia Floods Fuel Rise in Coal Prices

This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific.

Markets see boost from inflation in 2010

Double dip anyone? No? Funny how fast moods change.

British police try new system to tackle anti-social behaviour

Pilot project to involve better logging of complaints

Student from Mongolia Missing in Maplewood

A young man from Mongolia has been missing since Dec. 21, and police in Maplewood have no leads.

Centerra forecasts lower output in 2011

TORONTO ( – TSX-listed Centerra Gold produced 678 941 oz of gold last year, including 249 866 oz in the fourth quarter, but expects output in 2011 will be lower because of delayed permitting approvals in Mongolia.

Centerra Gold Reports 2010 Gold Production of 678,941 Ounces

This news release contains forward-looking information that is subject to the risk factors and assumptions set out on page 4 and in our Cautionary Note Regarding Forward-looking Information on page 5. All figures are in United States dollars.

Lawyer: Mongolian chief had immunity from arrest

A Mongolian spy chief allegedly lured to the UK so he could be arrested at London's Heathrow Airport should not have been detained because he is covered by diplomatic immunity, a court has heard.

Mongolia initiates e-procurement rollout

Mongolia will take all of its government tendering online by the end of 2013 in an ambitious e-government programme.

Mongol Mining (975) to expand coal handling & cleaning plant

Mongolian Mining Corporation (00975) said its indirect wholly-owned subsidiary Enrestechnology LLC entered into a contract with Sedgman LLC and Sedgman will provide engineering services to the Mongolian Mining Group in connection with the expansion of the second phase of the coal handling and preparation plant constructed at the Group's Ukhaa Khudag deposit located in the Tavan Tolgoi coalfield (CHPP) from 5 million tonnes per annum to 10 million tonnes per annum at MNT18.1 billion (equivalent to about HK$106 million).

Layton Croft Joins Peabody Energy

As of January 1, Layton Croft joined Peabody Energy as Vice President, International Government Relations - Asia.

Origo Partners divests stakes in Bumbat Consolidated Ltd and Altan Takhi Company

Origo Partners Plc ("Origo") today announced the divestment of its stakes in Bumbat Consolidated Ltd ("BCL") and Altan Takhi Company ("ATC").

Prophecy Enters MOU for 1.2 Million Tonne Per Year Coal Off Take With JUST Group

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2011) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) announced today that it has entered into a Memorandum of Understanding ("MOU") with JUST Group ("JUST") of Mongolia pertaining to a minimum of 1.2 million tonnes of coal sales from Prophecy's Ulaan Ovoo mine.

India Venture to Bid for Coal Block in Mongolia

NEW DELHI – India's International Coal Ventures Pvt., or ICVL, plans to bid for developing huge coal reserves in Mongolia's Tavan Tolgoi mining deposit, government officials and industry executives said Thursday.

Medvedev approves ratif of joint U co agr with Mongolia

MOSCOW, January 6 (Itar-Tass) - Russian President Dmitry Medvedev has signed into law the Federal bill "On the Ratification of the Agreement between the Governments of the Russian Federation and Mongolia on the Founding of a Joint (uranium mining) Limited-Liability Company 'Dornod-Uranium'," the Kremlin press service announced.

Thursday, January 6, 2011

Fend Off the Winter Chill with a Hearty Mongolian Meal

On a street full of small restaurants near Minzu University in Beijing's Haidian District, one entrance brightly decorated in yellow and red showcases decorative Mongolian wineskins. A large Genghis Khan statue sits in the doorway practically inviting guests on the street to enter the Lan Qier Mongolian Restaurant and warm up with a hearty meal.

Mines and Money Hong Kong 2011

The full brochure for the Mines and Money Hong Kong 2011 Conference and Exhibition is now available for download here.

Ministry of Finance explains social insurance fund rates

The President of Mongolian Labor Union, S.Ganbaatar, has complained to court that Minister of Finance and the Chief of State Treasury Fund Authority are not working well to raise the money in social insurance fund paid by thousands of citizens.

Australian director not satisfied by his salary

Our agency has informed previously that an Australian citizen will work as an executive director of Erdenes Tavantolgoi LLC.

Parliament oppresses not journalists only, but MPs

After a closed meeting of the Standing Committee on Budget, the chairman D.Khayankhyarvaa provided information about the meeting.

Court decides Jargaltsaikhan’s sentence too harsh

The Supreme Court today made the final decision of the case of Ts.Jargalsaikhan, former advisor of the Foreign Relationship Department of Parliament Office, who has been convicted for passing state secret to foreign intelligence organizations and betrayal of the country.

President receives Japanese minister

Ulaanbaatar, Mongolia, /MONTSAME/ The President of Mongolia Ts.Elbegdorj received Wednesday Koichiro Genba, Japan's Minister of State for National Policy and Minister of State for the New Public Commons.

Negotiations held between Mongolia and Kuwait

Ulaanbaatar, Mongolia, /MONTSAME/ In a scope of his official visit to Kuwait, the Prime Minister S.Batbold held Tuesday negotiations with His Highness Sheikh Nasser Mohammed Al-Ahmed Al-Sabah, the Premier of Kuwait, and then signed documents on the bilateral cooperation.

Tavan Tolgoi shares will be owned soon

Ulaanbaatar, Mongolia, /MONTSAME/ "Tavantolgoi deposit, Tavantolgoi project" introduction meeting has been run by a set up by the Government working group, State property committee and "Erdenes MGL" LLC to inform about works related to Tavan tolgoi, a strategically important coal deposit.

Premier received by Kuwaiti Emir

Ulaanbaatar, Mongolia, /MONTSAME/ The Prime Minister S.Batbold was received Tuesday by the Emir of Kuwait Sheikh Sabah IV Al-Ahmad Al-Jaber Al-Sabah.

Line of new railway approved

Ulaanbaatar, Mongolia, /MONTSAME/ A direction of a new railway has been approved based on a preliminary technical and economic justification (TEJ), conducted by "Mongolian Railway" state-owned incorporated company, and on unified schemes of railway lines drawn up by the Administration of Land Affairs, Geodesy and Cartography. Now, advanced TEJ will be done in accordance with the railway line approved.

The New Gold Rush: Can the Precious Metal Go Higher in 2011 and Beyond?

As we embark on 2011, gold continues to climb and investors are questioning its future price direction. Is gold in a bubble?

“Mongolia Mining Report Q1 2011″

Mongolia is set for a rapid increase in production in gold, copper and coal leading to fast growth in the mining sector.

Mongolia Business Forecast Report Q1 2011

We retain our bullish outlook on Mongolia’s long-term prospects, withrising investment and surging exports set to underpin double-digittrend growth over the next five years.

"Mongolia Mining Report Q1 2011" is now available at Fast Market Research

Mongolia is set for a rapid increase in production in gold, copper and coal leading to fast growth in the mining sector.

ILS Delivers CORS Infrastructure Supporting GIS Mapping in Mongolia

Ulaanbaatar, Mongolia – International Land Systems (ILS), Inc. has successfully delivered the Continually Operating Reference Stations (CORS), a key component to upgrade the Mongolian geospatial network and to map suburban areas.

Mongolia woos Kuwaiti investors

KUWAIT: Mongolian Prime Minister Sokhbater Botbold and an accompanying delegation visited Kuwait's Chamber of Commerce yesterday with the goal of strengthening the two countries economic ties.

China's Qiao Xing soars on stake in Mongolia mine

SAN FRANCISCO (MarketWatch) -- Shares of Chinese copper and molybdenum miner Qiao Xing Universal Resources Inc. /quotes/comstock/15*!xing/quotes/nls/xing (XING 3.47, +0.03, +0.87%) surged nearly 26% Wednesday after the company announced it has completed its $28 million acquisition of a 34.5% stake in Chifeng Aolunhua Mining Co. Ltd.

Mongolian spy chief fights extradition in UK court

LONDON -- A lawyer for a Mongolian spymaster who was clapped into handcuffs as his plane landed in London said Wednesday that the case should be a warning to other countries to be careful if they plan to send senior officials to Britain.

Peabody Energy Announces New Leadership Appointments in Asia

ST. LOUIS, Jan. 5, 2011 /PRNewswire/ -- Peabody Energy (NYSE: BTU) has named Zhenchun Shi as President – Asia. Shi will have responsibility for advancing growth opportunities in Asia, which is expected to account for the majority of new global coal demand in the next two decades.

Erdene Completes Drill Program at Zuun Mod Project, Mongolia

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 5, 2011) - Erdene Resource Development Corp. ("Erdene") (TSX:ERD) is pleased to provide an update on the recently completed drill program on its Zuun Mod molybdenum-copper project, located 215 kilometers from a railhead on the Mongolia-China border. 

Mongolian Spy Boss 'Tricked' Into UK Visit, Then Arrested

Mongolia's spy chief claimed he was tricked into visiting the UK so he could be arrested at the request of German authorities for alleged kidnapping offenses.

Mongolian Parliament Speaker Lauds China-Mongolia Ties

Deputy Speaker Batkhuu Gavaa of Mongolia's parliament on Wednesday spoke highly of the China-Mongolia relationship during a meeting with outgoing Chinese Ambassador Yu Hongyao.

Wednesday, January 5, 2011

Terelj National Park, Mongolia

Located just 60 km from the capital, Terelj National Park offers a glimpse into nomadic Mongolian life without having to journey for days via truck and unpaved road.

Coal Mongolia conference in Ulaanbaatar

Coal Mongolia will be holding a conference of international investors in the coal sector in Ulaanbaatar on February 24-25, 2011, to focus on the huge potential of Mongolian coal, its diverse qualities, size of deposits, accessibility and what is required to bring the coal to market.

Plane from Oyutolgoi may have crashed

Plane destined for Ulaanbaatar which took off from Oyutolgoi yesterday nearly made an emergency landing. The Center of Information and Emergency Control under General Police Authority received data at noon of yesterday that MO-26 airplane of Aero Mongolia Company took off without folding the wheels completely.

Man loses hand because of fireworks

Several cases of people losing their fingers because of fireworks during New Year celebration have occurred. Total of 43 people were injured only in Ulaanbaatar, 10 of them are being treated in National Trauma Ontology Center.

State Fund loans have been suspended

Related to the decision to provide MNT500 thousand to more than 150 students each to cover tuition fees, the State Fund loans and nonrefundable aid given to students have been suspended.

Solar eclipse seen

Solar eclipse was watched today between 5pm and 6pm in Mongolia. Manager of Center for Geophysics and Astronomy, D.Batmunkh, said the eclipse of the sun would happen four times in 2011 - a rare case which has not happened in the last century.

Premier wants cabinet members be more disciplined

Ulaanbaatar, Mongolia, /MONTSAME/ At its two meetings--December 29, 2010 and January 3, 2011--the cabinet discussed anbd then decided to strengthen discipline and responsibility of the Ministers and to sent the Premier's task to the city's Mayor and aimags' governors.

Government--private sector collaboration activated as never before

Ulaanbaatar, Mongolia, /MONTSAME/ At a meeting with Property Relations department (PRD) officials on Monday, a first Deputy Mayor of Ulaanbaatar city B.Baatarzorig underlined that this year is to be heralded with Government--private sector partnership "which means that property-related relations will boost, activated by the UB city's obligation to run some 200 kinds of works; new property will be registered." "I do hope that the PRD will work in its full capacity and even more," he added.

APJ: Bill violates constitution

Ulaanbaatar, Mongolia, /MONTSAME/ The Association of Parliament Journalists (APJ) has said some clauses of a draft amendment to the law on the procedure of parliamentary session violate the Constitution of Mongolia "because they restrict the right and freedom of media people and journalists to obtain information".

Draft amendments to laws backed

The cabinet meeting held Monday discussed and backed in principle draft amendments to the laws initiated by Kh.Temuujin MP on court, on prosecutorial organization, on advocacy and notary.

Meeting of MPP fraction held

MPP fraction at the SGK held its meeting today and discussed two issues of which one is the issue of Minister for Mineral Resources and Energy D.Zorigt.

Mongolian spy 'lured to UK to be arrested'

A senior member of the Mongolian security services was lured to Britain so he could be arrested and jailed under a European Arrest Warrant, his lawyer said yesterday.

Nexant Inks Landmark Energy Efficiency Contract in Mongolia

WASHINGTON--(BUSINESS WIRE)--Nexant ( announced today it has been awarded a contract by the Millennium Challenge Account – Mongolia, sponsored by the Millennium Challenge Corporation (MCC), to provide technical support and consulting services to the Millennium Challenge Energy Efficiency Innovation Facility (MCEEIF).

Foreigners Related Taxes change in Mongolia

The Office of immigration, naturalization and foreign citizens (OINFC) has increased some taxes imposed on foreigners from January 1.

AMP's SIVAC Initiative Supports the Creation of a Mongolian National Immunization Technical Advisory Group (NITAG)

PARIS, January 4, 2011 /PRNewswire/ -- The inaugural meeting of the Mongolian National Immunization Technical Advisory Group (NITAG) was held at the Ministry of Health in Ulaanbaatar on December 6, 2010.

Tuesday, January 4, 2011

Ivanhoe Energy Inc. (NASDAQ: IVAN) Given “Neutral” Rating by Zacks Investment Research Analysts

Equities research analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Ivanhoe Energy Inc. (NASDAQ: IVAN) in a research note to clients and investors on Thursday.

China Fund IDG capital partners becomes major shareholder

Leyshon Resources Limited (AIM/ASX: LRL) (Company) advises that it has completed its readmission to the Alternative Investment Market (AIM) of the London Stock Exchange.

Alamar Resources signs agreement with Stifel Nicolaus Weisel for potential A$10m capital raising

Alamar Resources (ASX: ALG) has amended the initial share purchase agreement for the Mongolian Resource Corporation, and has also signed a letter of engagement with Stifel Nicolaus Weisel for a potential A$10 million capital raising.

Japanese Minister for national policy to visit

Ulaanbaatar, Mongolia, /MONTSAME/ Japan's Minister of State for National Policy and Minister of State for the New Public Commons Mr. Koichiro Genba will pay a working visit to Mongolia January 4-6, 2011.

Heads of standing committees appointed

Ulaanbaatar, Mongolia, /MONTSAME/ The faction of the Democratic Party (DP) at the State Great Khural met Monday.

Premier to pay official visit to Kuwait

Ulaanbaatar, Mongolia, /MONTSAME/ The Prime Minister S.Batbold will leave Tuesday for Kuwait to pay an official visit at an invitation of Sheikh Sabah IV Al-Ahmad Al-Jaber Al-Sabah, the Emir of Kuwait.

Mongolian scholar publishes book about Mongolians, Armenians

Ulaanbaatar, Mongolia, /MONTSAME/ The world's famous Brill Publisher has published book named "Mongolians and Armenians 1220-1335" written by D.Bayarsaikhan, a guest researcher of the Department of Mongolian and Tibetan Studies at the University of Bonn.

Finance Minister meets Chinese Ambassador

Ulaanbaatar, Mongolia, /MONTSAME/ The Minister of Finance S.Bayartsogt received Monday Mr. Yu Honggyao, the Ambassador extraordinary and plenipotentiary of the People's Republic of China to Mongolia.

Mongolia has over 31 million heads of livestock

Ulaanbaatar, Mongolia, /MONTSAME/ According to the National Statistical office's news, Mongolia has 31 million 830 thousand heads of livestock.

Number of students may go up

Ulaanbaatar, Mongolia, /MONTSAME/ At the cabinet meeting held Monday a Vice Minister of Foreign Affairs B.Bolor was given a right to sign a Mongolia-Kuwait intergovermental programme on 2011-2013 cooperation in culture, information, education and sciences.

Premier wants cabinet members be more disciplined

Ulaanbaatar, Mongolia, /MONTSAME/ At its two meetings--December 29, 2010 and January 3, 2011--the cabinet discussed anbd then decided to strengthen discipline and responsibility of the Ministers and to sent the Premier's task to the city's Mayor and aimags' governors.

Best commodities where you can invest in 2011

Over the past decade, commodities have evolved into a unique asset class that is difficult to ignore. The recent boom in the commodities markets has given rise to a new class of investors who bet singularly on price movements in commodities.

Coal Mining in Mongolia

Mongolia also has substantial proven reserves of coal, and annual coal production is presently about 5 million metric tons, almost all of which is used for steam and electricity generation.

How the land of Genghis Khan became a new Gold Rush San Francisco on the steppe

For the first time in as long as anyone can seem to remember, there have been traffic jams in Ulan Bator — a place previously known mainly either as the answer to a trivia question (Which capital city has the coldest average temperature?) or as a historical curiosity: Asia’s Timbuktu, the fabled homeland of Genghis Khan. Until recently, the Mongolian capital had more horses than cars.

Vallar eyes Australian acquisitions

LONDON-listed investment firm Vallar is considering acquisitions of coal assets in North America and Australia worth up to $US1 billion.

Mongolian trilateral agreement aimed at easing mining-stakeholder conflicts

Mongolian officials, unions and employers groups have developed an agreement they hope will help peacefully resolve conflicts involving mining operations.

Maplewood seek missing Mongolian man

Maplewood police are seeking a Mongolian man who was last seen Dec. 21 leaving his apartment for the Maplewood Public Library.