Mongolian Economy and Finance

A campaign against use of alcohol and tobacco will be launched tomorrow at the Press Institute by the Health Project of Millennium Challenge Account - Mongolia.

Honored Morin Khuur player P.Temuujin and his brother P.Munkhjin have recently opened a training center for morin khuur players and singers of throat songs and long songs, calling it Urlakhuin Tankhim.

The State Property Committee, the Financial Regulatory Authority and an NGO, Exchange of Mineral Resources and Mining, will jointly organize a meeting on the bond and capital market in Ulaanbaatar on June 2 and 3.

Vancouver, British Columbia CANADA, April 27, 2011 /FSC/ - Lucky Strike Resources Ltd. (LKY - TSX Venture), Cathy Fong, CEO of Lucky Strike Resources Ltd. (the "Company" or "Lucky Strike"),is pleased to report the Company signed a letter agreement (the "Letter Agreement") with a private Mongolian company (the "Representative") that represents the owner of two exploration licences covering an area of 8,736 hectares within the eastern boundary 3 km west of the Olonbulag coking coal deposits in the aimag of Hovd in southwest Mongolia and known as the Nariin Khargait and Ar Khadnii Ovoo ("NKAK") coal properties (the "Properties").

The State Secretary of the Ministry of Foreign Affairs and Trade D.Tsogtbaatar yesterday signed in New York a declaration of intent to set up an International Research Center of Landlocked Countries.

Mongolia’s mining sector may be thriving, but Nalaikh, a town once famed as the country’s industrial hub and the site of its first coal mine, has become synonymous with mining disasters.

Kingsburg residents Johnie and Jane Thomsen are know for their involvement in Young Life, a youth ministry organization, that they founded in Kingsburg in 1979.

Researchers at the University of Pennsylvania have painted the clearest picture yet of the history of the Kazakhs of the Altai Mountain Range, providing insights into the heritage of a wide swath of people in Central and East Asia.

EMPIRES whose power depends on military strength alone rarely maintain their dominance for long. The former Soviet Union is the most recent and conspicuous example of such one-sided suzerainty, but there have been many in world history.

Expansion of Rail System Could Dramatically Reduce Rare Earth Shipping Costs.

774 ABC Melbourne and Babytalk, our popular parenting podcast, offer you the chance to be at our exclusive preview of the documentary 'Babies'.

Ulaanbaatar's Residential Real Estate is back on the increase.

Calgary, Alberta CANADA, April 26, 2011 /FSC/ - Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the release of its April 2011 letter to shareholders.

The small end of the sharemarket creates opportunities for investors and speculators alike, reports Barbara Drury.

China’s issuance of new mandatory production quotas for rare earth ore this week adds credence to the claim by Green Technology Solutions Inc. (OTCQB:GTSO) and other experts that the world’s top producer of rare elements can no longer keep pace with global demand for the critical materials.

Mongolian Death Worm is another of those Syfy original movies that doesn’t fail to disappoint. I understand these kinds of films are low budget and don’t set out to create a vehicle to examine the human condition; instead its only goal is to thrill its viewers, and there’s nothing paltry about that in this medium.

StockMarketWire.com - Israel-based specialty metals company Metal-Tech Ltd said release of its results for 2010 has been delayed until June due to complications surrounding its Mongolian joint venture Shim-Technology Co. Ltd.

Calgary, Alberta CANADA, April 25, 2011 /FSC/ - Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the appointment of Byambaa Losolsuren to the board of directors of MGG.

Qatar’s Minister of State for International Cooperation His Excellency Dr. Khalid Bin Mohammad Al Attiyah is currently in Mongolia for a working visit, together with his entourage.

C @ Limited has signed an agreement with an international coal developer that has a significant position in the coking and thermal coal industry in Mongolia.

Mongolia is to be the site of a peace festival and conference, an event in August that will be attended by officials from around the world.

Mongolians bagged two gold and two silver medals in “Belgrade Winner-2011” an international boxing tournament which was held in Belgrade, Serbia from April 21st to 23rd, 2011.

About half of Mongolia's population still live in tents known as yurts, and make their living from herding animals.

An MPP team has been visiting North Korea in recent days. It includes Secretary General U.Khurelsukh and a member of the Managing Council, D.Sarangerel.

A civil movement Motherland and Justice organized a People’s Assembly in UB Palace on Friday and Saturday and in Sukhbaatar Square on Sunday.

Deputy Minister for Finance Ch.Gankhuyag answers our journalist’s questions.

The State Specialized Inspecting Agency (SSIA) has found that crude oil from Toson-Uul XIX and Buir XXII has so far been exported without payment of any tax as the contracts with the Mineral Resources and Petroleum Authority (MRPA) did not have any provision for levying tax.

Mayor G.Munkhbayar left for Kuwait on April 22 on an invitation from the Mayor of Kuwait City.

Working groups from the Ministries of Social Welfare and Labor and of Food, Agriculture and Light Industry reviewed on April 22 the work report by the Ministry of Social Welfare and Labor on implementation of the Support of Herders’ Employment program in 2010.

The Standing Committee on State Structure and UN Development Program Mongolia are tomorrow organizing a seminar on administrative reforms and problems.

The 100,000 families project is set to decrease or at least maintain real estate prices.

Oliver Belfitt-Nash in Ulaanbaatar.

The Embassy of Mongolia in the United Kingdom of Great Britain and Northern Ireland and the UK-Mongolia Commercial Chamber (UMCC) co-organized April 18 a measure for propagandizing Mongolia.

The Government meeting yesterday approved a concession agreement between the State Property Committee and New Asia Mining Group LLC to build a power plant based on coal from the Mogoin Gol mine.

The Standing Committee on Nature, Environment, Food and Agriculture yesterday discussed a proposal to bring some areas under special conservation protection.

Under the auspices of the President of Mongolia Ts. Elbegdorj, the 5th congress of the World Mongolians will take place in Ulaanbaatar on August 24 and 25, 2011.

A Mongolian producer B.Baatar is participating with his movie “Tatar Action” in the International Film Festival, which is to be held in Moscow from April 20th -24th, 2011.

Mongolian boxer Z.Enkhzorig grabbed bronze medal and US$2,000 in the Gagik Ttarukyan’s Cup international boxing tournament, which was organized in Yerevan, Armenia from April 12th to 17th, 2011.

“Mongolia is an amazing nation capable of solving any dispute in a peaceful way” stressed Ms. Madeleine Albright in her lecture at the Foreign Ministry in Ulaanbaatar on Thursday.

Prophecy Resource Corp. ( CVE:PCY ) (OTCQX:PRPCF) said Thursday that after eight months of due diligence and studies, the company has submitted a formal request with the Mongolian ministry to build its planned Chandgana power plant.

Mongolia has declared the year 2011 as the year of “supporting Mongolian employment”.

Mon Road LLC has been chosen to construct the 96.8-km auto road from Oyutolgoi to Gashuunsukhait and an agreement has been signed to this effect between Executive Director of Mon Road LLC G.Narangerel and Vice President of Oyutolgoi LLC John Jonson.

The Government meeting yesterday approved a concession agreement between the State Property Committee and New Asia Mining Group LLC to build a power plant based on coal from the Mogoin Gol mine.

The Chief of the Border Protection Office, Ts.Sergelen, told the Standing Committee on Justice yesterday that the decision to use professional army personnel on contract to protect parts of the borders from 2010 has led to a fall in the number of crimes.

World top copper producer Chile sees copper prices staying above the 2010 average during the next three years, Deputy Mining Minister Pablo Wagner said on Wednesday.

Mongolia just got a little bit closer to Hong Kong, partly thanks to the city’s banking community. MIAT Mongolian Airlines says it will start flying direct from Hong Kong to Ulan Bataar. The new schedule—with flights Thursday and Sunday—will go into effect June 2.

Mongolia has halted truck deliveries of coal from the South Gobi region to China, with the ban expected to last about two days, after China closed a part of the border on Tuesday citing a technical glitch, a lobby group for the Mongolian mining sector said.

April 21 (Bloomberg) -- Mongolia’s aim of quadrupling its rail network will send coal, copper and rare earths to nations such as Japan and South Korea under a plan to reduce reliance on the Chinese market and boost economic development.

The U.S Embassy in Ulaanbaatar has posted the Human Rights Report of Mongolia for 2010 in its website. Mongolia, with a population of about three million, is a multiparty, parliamentary democracy.

KABUL – The first Mongolian air advisory team to participate in NATO Air Training Command-Afghanistan’s efforts in building the Afghan Air Force recently handed over responsibility to a new group of troops at the AAF Base in Kabul.

SEOUL, April 21 (Yonhap) -- The defense ministers of South Korea and Mongolia held talks in Seoul and discussed how to forge closer military cooperation between the two nations, officials said Thursday.

Minister for Finance S.Bayartsogt, leading the Mongolian team, told the Spring meeting of the International Monetary Fund and the World Bank Group, held in Washington on April 16 and 17, that the country’s tax policy in the mining sector was aimed at helping economic development.

For centuries the Gobi Desert has been regarded as a place to avoid.

Sydney, April 20, 2011 (ABN Newswire) - C @ Limited ( ASX:CEO ) has signed an agreement with an international coal developer that has a significant position in the coking and thermal coal industry in Mongolia.

The Mongolian Mortgage market is already over 20 years old yet the secondary mortgage market only accounts for 5% of the Mongolian GDP.

In accordance with our wish to provide our readers with relevant and accurate news about the movements of the property market in Ulaanbaatar, we have invited Ms. P. Narmandakh, director of construction and the Apartment advisory centre for an interview.

* China closed part of border citing technical problems - group * Mongolia suspended deliveries following accidents - Xinhua (Adds details, comment from South Gobi Resources)

Mongolia just got a little bit closer to Hong Kong, partly thanks to the city’s banking community.

COLLEGEVILLE, Minn. – Saint John's University senior wrestler Minga Batsukh (Ulaanbaatar, Mongolia/St. Benedict's Prep, N.J.) was named the 2011 D3wrestle.com National Wrestler of the Year on Monday, April 18.

The Uvs Nuur Basin sits on the northern edge of the Central Asian steppes, bounded on all sides by mountains.

The defense chiefs of South Korea and Mongolia will hold talks in Seoul on Thursday to discuss ways to enhance bilateral military ties, the Ministry of National Defense said Tuesday.

Green Technology Solutions Inc. (PK:GTSO) will send its 1st Mongolian Rare Earth shipment to South Korea in June, local media reported Tuesday.

ULAN BATOR, Mongolia -- Several hundred Mongolian herders joined by environmental activists are setting up camp in the capital to protest international mining deals and demand elections.

MONGOLIA LETTER: Mongolia’s fabulous reserves of gold and copper mean it is on the brink of transformation from one of the world’s poorest countries to among the richest, writes CLIFFORD COONAN

The Foreign Investment and Foreign Trade Agency (FIFTA) jointly organized with the Economic Chamber of Croatia a round table meeting in Zagreb on April 14, on how to do business with Mongolia, where its Chief, B.Ganzorig, gave a presentation on the economy of Mongolia, the investment environment and Government policy and projects on mining, food, agriculture and tourism.

Deputy Prime Minister and Deputy Head of the National Council for Children M.Enkhbold yesterday received UN Resident Coordinator Ms. Rana Flowers who promised UNICEF support for organizations working on preventing and protecting children from possible risks.

MP E.Munkh-Ochir answers our reporter’s questions on why he demanded at yesterday’s meeting of the DP group in Parliament that the Government should resign.

Mongolian and Austrian businessmen held a round table meeting in Vienna in last week organized by the Embassy of Mongolia and the Austrian Chamber of Commerce.

Reuters reported that copper prices lost some ground and momentum in March and may have further to fall on near term worries about China demand prospects.

Noble Resources will market all coal, iron ore and ferro-alloys produced through its joint venture with Xanadu Mines in Mongolia, Xanadu’s executive chairman Brian Thornton told MB on Tuesday.

A first-ever concert by the famous Mongolian local band called “Three Girls” will take place on April 22nd and 23rd at the Royal Hall of the UB Palace.

This year marks the 2220th Anniversary of the first Hunnu State. Tengis Movie Theater and the Institute of Archaeology of the Mongolian Academy of Sciences are co-organizing an exhibition called “Hunnu State-2220”, within the framework of the 2220th Anniversary of the first Hunnu State.

Landlocked developing countries in the Asia-Pacific region today pledged during a United Nations-backed meeting in Mongolia to promote greater cooperation and to reduce trade and transport barriers in an effort to achieve mutual sustainable development.

The Deputy Premier and vice head of the National Council for Children (NCC) M.Enkhbold met Monday Mrs. Rana Flowers, the permanent representative of the United Nations International Children's Emergency Fund (UNICEF) to Mongolia.

The “Running business with Mongolia” round table meeting took place April 14 in Zagreb, Croatia, organized by Mongolia's Foreign investment and foreign trade agency /FIFTA/ jointly with Economic department of Croatia.

The State Service Council (SSC) has appointed D.Altai as Chief of the National Authority for Children (NAC) from a list of ten candidates.

A member of the working group that is preparing amendments to the law on mineral resources, MP D.Gankhuyag, has said that the group wants the amended law to focus on mine workers’ security and health first, then on protection to nature and ecology, and only thereafter on profit.

Students in 30 secondary schools will receive lessons in Mongolian and English from the next fall when the Cambridge education program is introduced.

BAYANGOL VALLEY, Mongolia, April 18 (UNHCR) – Laughter rocked a conference centre here as government and UNHCR negotiators faced off last weekend to hammer out an agreement to protect 20,000 refugees who had just fled an uprising and flooded into the country.

In March, a few international media outlets quietly reported that Mongolia and the U.S. had been holding informal discussions on a proposal that would have Mongolia serve as a regional depository of spent nuclear fuel .

Global Grizzlies, a student-run nonprofit group at the University of Montana, will host a banquet and silent auction Friday, April 15, to raise money for a humanitarian trip to Mongolia.

The gold price could breach the $2 000/oz mark by 2012/13, if hopes for a US economic recovery are not realised, said mining analyst Rene Hochreiter at a gold conference in Johannesburg.

Resource companies are flocking to Hong Kong to raise capital. Are they coming to the right place?

As Mongolia emerges as one of the fastest growing markets, Rosenblatt & Company is strategically adding Ulaanbaator to its network of emerging economy offices, complementing its practice in Emerging Europe, Central Asia and the Middle East.

Hungary's Ministry of Rural Development and Mongolia's Ministry for Food, Agriculture and Light Industry have signed an agreement to cooperate in the areas of agricultural technology, trade, training and science, Hungary's government portal kormany.hu said.

A two-day investment forum aimed at boosting development in Mongolia's Dornogobi province will be a new start to attract investors to the landlocked Asian nation, a senior official has said.

Yesterday’s Government meeting decided to grant MNT280,400, or two months’ minimum salary, as compensation to miners whose work places have been closed down in Nalaikh, Bor-Undur, and Berkh of Khentii aimag, in Saikhan-Ovoo of Bulgan aimag and to workers of Nalaikh glass factory.

When Foreigners visit Mongolia, they usually are very much interested in a herder’s daily life. One of the foreigners to visit a herder’s family was Ms. Noeleen Heyzer who is the first executive director from the South to head the United Nations Development Fund for Women (UNIFEM).

Royal Bank of Scotland has launched the RBS Mongolia Opportunity (TR) Index, which provides German investors with access to one of the fastest-growing economies in the world

Graz, Austria — April 14, 2011 — Geosan LLC has contracted with Vexcel Imaging GmbH, a Microsoft® company, to purchase an UltraCamXp Wide Angle digital aerial photogrammetric camera system.

Mongolian sumo wrestler and twice World champion U.Byambajav won the gold medal in +115kg weight category in the Sumo-Basho Berlin international tournament.

The well-known Chinese actress Zhao Wei arrived in Ulaanbaatar, Mongolia on. Zhao Wei is a well known Chinese mainland actress and pop singer.

On April 13th, a ceremony to sign a memorandum of mutual understanding on cooperation between the Mongolian Government and the International Examinations Center of the University of Cambridge took place in the auditorium of the school called “New Era”.

14 April 2011 – Landlocked developing countries in the Asia-Pacific region today pledged during a United Nations-backed meeting in Mongolia to promote greater cooperation and to reduce trade and transport barriers in an effort to achieve mutual sustainable development.

Original artwork will be auctioned at The Spirit of Earth Day, to be held at the Emerson Center for the Arts and Culture on Sunday, April 17, from 1 until 5:30 p.m.

Ulaanbaatar, Mongolia will host the 45th Asian Bodybuilding and Fitness Championship, which is being organized by the Mongolian and Asian Bodybuilding and Fitness Federations from July 25th to 29th, 2011.

President John Shearer Vetting Refineries Across the Globe for Mongolian Mineral Exports.

A ceremony took place Wednesday to sign a memorandum of mutual understanding on cooperation between the government of Mongolia and the International Examinations Center of the University of Cambridge.

Chairman/CEO Jim Bickel is Appointed as Director of the ASX Listed Company.

The State Secretary of the Ministry of Foreign Affairs and Trade, D.Tsogtbaatar, answers a journalist’s questions.

Company Expects First Shipment of Mongolian Ores Could be Bound for Seoul Soon

Turkey and Mongolia signed a cooperation agreement on oil, natural gas & mineral resources on Wednesday.

(Reuters) - Mongolia will announce results of bidding to develop the prized Tavan Tolgoi coal mine "very soon", a government official said on Wednesday.

Mongolia may announce the winning bids to develop Tavan Tolgoi, one of the world’s biggest untapped coal deposits, next month, said an official at the Ministry of Mineral Resources and Energy.

The Mongolian economy is not one that grabs a lot of attention on the global stage.

In the first quarter of 2011, Mongolia traded with 101 countries from all over the world and total external trade turnover reached 1830.0 million US dollars, of which exports made up 742.1 million US dollars and import made up 1087.8 million US dollars.

The Government of Mongolia by its Resolution No. 283 has granted the special permission to build the approximately 1100 km long new railway infrastructure between Dalanzadgad and Choibalsan.

This was 3,649 or 9.8% more than in the same period in 2010. Of them, 53% had held a job before while 47% had no experience.

About 800 representatives of the sector attended a conference of agriculture workers in Darkhan-Uul aimag on April 9.

The Edelweiss Residence and the Chinggis Avenue tower are set to redefine Ulaanbaatar's skyline and the property market dynamics.

Foreign Minister of Mongolia G.Zandanshatar attended the First Session of the Assembly of the International Renewable Energy Agency (IREA) held in Abu Dhabi, the United Arab Emirates on April 4-5.