Friday, June 17, 2011

Russia and Price

The time has come once again to consider the reason behind the current increase in fuel deficit in Mongolia and think over the measures that our government should take to avoid this crisis so as to depend less on the accompanied price inflation.

Coal leads In Mongolian export

In the first four months of 2011, Mongolia exported products to the value of 1162.7 million USD. These exports are up 59.4 percent from the same period in 2010, said National Statistics Office of Mongolia.

I am ready to be replaced

(Before 1990, Mongolia was a country of only one party; Mongolian Democratic Party. After Mongolia choose to convert from Communism to Democracy the Mongolian governmental system also changed.

Mongolian Youths to Initiate Political Website

Interesting news is spreading about the establishment of an online political site. There is no discrimination, internet users all over the world will be able join and be involved in its operation.

Ts.Nyam-Osor: If Mongolia supports SMEs in the course of a decade with 150-200 billion tugriks

Our guest is Nyam-Osor Tseveendorj, director of the Government implementing agency for Small and Medium Sized Enterprises (SME).

Xanadu Mines acquires Mongolian coking coal assets as part of Noble JV

Xanadu Mines has finalized a farm in agreement on the Nuurstei coking coal project in Northern Mongolia as part of its strategic alliance with Noble Group, Asia's largest diversified commodities trading company.

FAA and Mongolia sign commerce and aeronautics agreement

WASHINGTON, D.C. (BNO NEWS) -- The U.S. Federal Aviation Administration (FAA) on Thursday announced that it has agreed to a commerce and aeronautics cooperation with the Civil Aviation Authority of Mongolia.

Mongolia Expels Hundreds of Chinese Truck Drivers

Jun. 17 – has unconfirmed reports from Mongolia’s South Gobi region, home to much of the nation’s mining industry, that hundreds of Chinese truck drivers have been turned back to the China border.

2011 Mongolia International Marathon

The 2011 Mongolia International Marathon will take place on 24th July in Sunjinboldog complex, located near Ulaanbaatar.

President Elbegdorj's Visit to US Started from San Francisco

The President of Mongolia, Ts.Elbegdorj, paid an official visit to the United States of America between13th and 17th June, as the guest of his American counterpart Barack Obama.

Mongolia to Offer Tavan Tolgoi Mine to ‘3 or 4’ Bidders, PM Says

Mongolia may share its Tavan Tolgoi coal mining project between a majority of the six bidders shortlisted by the government and ask them to work together, Prime Minister Sukhbaatar Batbold said in an interview today.

Japan to join railway projects in 3 Asian nations-Nikkei

(Reuters) - Japan will partner with Keihan Electric Railway Co and others for railway projects in Vietnam, Mongolia and Indonesia, The Nikkei business daily said.

Ivanhoe Mines Stock Falls On Unusually High Volume (IVN)

NEW YORK (TheStreet) -- Ivanhoe Mines (NYSE:IVN) is trading at unusually high volume Thursday with six million shares changing hands.

Erdene Provides Project Updates and First Quarter Financial Results

HALIFAX, NOVA SCOTIA, Jun 15, 2011 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene" or "Company") CA:ERD -3.13% , today provided an update on the Company's principal projects in conjunction with the release of its first quarter 2011 financial results.

Software aids Mongolia’s bid to ensure reliable water supply

Clean water is a rare commodity in many countries of the world, and governments often face problems ensuring its reliable supply.

China, Mongolia forge strategic partnership, vow to enhance economic ties

BEIJING, June 16 (Xinhua) -- China and Mongolia on Thursday agreed to upgrade bilateral ties to a strategic partnership level and bolster economic cooperation.

Erdene Commences Drilling on Mongolian Copper-Gold-Silver Projects

HALIFAX, NOVA SCOTIA, Jun 16, 2011 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene") CA:ERD -3.13% is pleased to announce that drilling commenced on the Nomin copper-gold prospect on June 12th and upon completion, drilling is set to continue on the Khuvyn Khar copper-silver prospect.

Mongolia promises US role in energy

WASHINGTON — Mongolia promised Thursday to give US companies a role in its booming energy sector as President Barack Obama reached out to the young democracy that is also being courted by neighboring China.

Thursday, June 16, 2011

Erdene's Zuun Mod Results Continue to Enhance Potential of Copper and Molybdenum Porphyry Complex in Mongolia

HALIFAX, NOVA SCOTIA--(Marketwire - 02/17/11) - Erdene Resource Development Corp. ("Erdene") (TSX:ERD - News) is pleased to provide the complete results from the 2010 drill program at its Zuun Mod molybdenum and copper project in southwestern Mongolia.

9 disaster survivors invited to run in marathon in Mongolia

TOKYO, June 15 (AP) - (Kyodo)—Nine residents of three Japanese prefectures hardest hit by the March earthquake and tsunami will be invited to take part in an international marathon in Mongolia on July 24, the organizing group said Wednesday.

China, Mongolia to strengthen party exchanges

BEIJING - Wang Jiarui, chief of the International Department of the Communist Party of China (CPC) Central Committee met with Mongolian Prime Minister and the Chairman of the Mongolian People's Party Sukhbaatar Batbold on Thursday.

In Mongolia, lessons for Obama from Genghis Khan

ULAANBAATAR, Mongolia — As the leader of a diminished land that was once an invincible superpower, President Tsakhia Elbegdorj of Mongolia has some advice for Americans fatigued by the burdens of global power: Remember Genghis Khan, and stick with your friends.

Mongolia PM: Hope China Can Support Mongolian Firms Investing There

BEIJING -(Dow Jones)- Mongolia's prime minister on Thursday said Mongolian companies have started to invest in China, and that the nation hopes the Chinese authorities can provide these firms with support.

Mongolian GDP per capita has now reached 2,200USD

Demonstrating progress in the Mongolian Economy. Mongolian GDP per capita is one of the fastest growing in the world.

Voyager commits to 25000m of RC and diamond drilling in Mongolia

Voyager Resources (ASX: VOR) has entered into a number of service contracts to facilitate the exploration of its key projects located in Mongolia.

Outlook report on Donkin expected soon

Erdene Resource Development Corp. expects to have a critical technical report on the Donkin coal project within weeks, says the company’s vice-president.

Endangered Bear Struggles Against Climate Change

Deep in southwest Mongolia, in the arid shadow of the Altai Nuruu Mountains, a little-known bear ekes out a perilous existence.

Mongolia PM says 2 major mine projects on track

Mongolia's prime minister says a huge copper and gold mining complex in southern Mongolia is on track to be completed next year.

GTSO Selects Korea Resources Corp. to Analyze Mongolian Rare Earths Ore

Company Expects Positive Analysis to Drive Demand from South Korean Rare Earth Buyers.

Country of Genghis Khan merits U.S. focus

WASHINGTON, June 16 (UPI) -- The country known for Genghis Khan is a U.S. friend that merits increased U.S. attention, Mongolia's president said before meeting with President Barack Obama.

Senior CPC official vows to strengthen co-op with Mongolian People's Party

BEIJING, June 16 (Xinhua) -- Wang Jiarui, chief of the International Department of the Communist Party of China (CPC) Central Committee met with Mongolian Prime Minister and the Chairman of the Mongolian People's Party Sukhbaatar Batbold on Thursday.

Wednesday, June 15, 2011


A Minister of Social welfare and labor of Mongolia, T.Gandi has been taking part in a 100th plenary meeting of international labor forum themed “Create proper labor in future” in Geneva, Switzerland, June 1-17.


The Asia Foundation president Mr. David D. Arnold has hosted a private dinner at the Four Seasons in San Francisco for the President of Mongolia Ts.Elbegdorj, the website of the U.S Embassy in Mongolia said Wednesday.


A delegation of the U.S. House of Representatives led by Chairman David Dreier visited Mongolia June 10-11, 2011 to engage with MPs as part of a series of ongoing exchanges through the House Democracy Partnership (HDP).

Team from U.S. Congress visits Bayanzurkh district

A U.S. Congressional team now on a visit to Mongolia as part of the “Partners in Democracy” program visited Bayanzurkh district yesterday and met with managing officials and citizens there.

Civil movements submit demands to mining companies

Gal Undesten Union and United Movements for Rivers and Lakes yesterday met with representatives of Puraam and Centerra Gold and handed over a note containing several demands.

Island - Letter of Credentials presented to president of Mongolia

Kristín A. Árnadottir, Ambassador of Iceland, presented a Letter of Credentials to the President of Mongolia, H.E. Tsakija Elbegdorj, on 6 June of this year.

Mongolian Premier Looks to Advance Deals With China

HONG KONG—Mongolia's prime minister said he hoped to make progress on several "serious projects" under discussion with China during meetings with leaders in Beijing in the next few days.

Mongolia’s prime minister says development of giant copper-gold mine, coal mine on track

HONG KONG — Mongolia’s prime minister says a huge copper and gold mining complex in southern Mongolia is on track to be completed next year.

Mayor Ed Lee Meets with Michelle Obama and Mongolian President Tsakhiagiin Elbegdorj

Hopefully, Mayor Ed Lee woke up feeling sociable -- and hungry -- today. After a lengthy lunch with First Lady Michelle Obama, he met up with Mongolian President Tsakhiagiin Elbegdorj to chow down on more grub.

Xanadu Mines acquires Mongolian coking coal assets as part of Noble JV

Xanadu Mines (ASX: XAM) has finalised a farm-in agreement on the Nuurstei coking coal project in Northern Mongolia as part of its strategic alliance with Noble Group (SGX:N21), Asia's largest diversified commodities trading company.

Consulate General of Mongolia in HK established

HONG KONG - The Consulate General of Mongolia in Hong Kong was established here Tuesday, with Prime Minister of Mongolia Sukhbaatar Batbold officiating the inauguration ceremony.

Przewalski horses land safely in Mongolia

The Czech air force plane carrying four prized Przewalski horses from the Prague Zoo has landed in Khovd, Mongolia.

Przewalski horses bred at Prague Zoo take off for introduction into ancestral habitat in Mongolia

Przewalski horses bred at Prague Zoo take off for introduction into ancestral habitat in Mongolia. Test for military’s new CASA plane.

Tuesday, June 14, 2011

City Stumblings

Last Friday, my debut article, “Newcomer to Mongolia” was published in the UB Post. I’m extremely excited about that.

French-Mongolian Cultural Days

The 2011 French-Mongolian Cultural Days will take place in Ulaanbaatar and Bat-Olzii soum of Ovorkhangai province respectively, from 20th to 26th June.

BIO commits USD 2 MN towards SME investment in Mongolia

Microfinance Focus June 14, 2011: Belgian Investment Company for Developing Countries (BIO) recently committed USD 2 million to Suu, a dairy processor based in Ulaanbaatar, Mongolia.

The Wish of Birth for Mongolia

The result of the 2010 Population and Housing Census was presented at the Ikh Tenger State Guest House the day before yesterday.

China, Mongolia sign economic and tech co-op deal

ULAN BATOR -- The 12th session of inter-government cooperation committee for economy, trade and technology between China and Mongolia opened on Monday.

GTSO Vets S. Korean Mineral Labs for Mongolian Rare Earth Ore Analysis

Company Expects Positive Assay to Help Entice S. Korean Rare Earth Buyers.

Mongolia to Process Coal

For years Mongolians could only mine coal and export it directly to overseas without processing; this lead to Mongolian coal being undervalued.

Monday, June 13, 2011

Ethnic Protests in China Have Lengthy Roots

DAMAO BANNER, China — The Mongol nomads who have ranged across these blustery grasslands for millenniums have long had a tempestuous relationship with their Han Chinese neighbors to the south.

Forum to discuss business opportunities in China

BEIJING -- More than 500 scholars, entrepreneurs and officials from both home and abroad are expected to convene in north China's Inner Mongolia Autonomous Region next month to discuss the prevention of desertification and seek opportunities for emerging industries in the region, organizers said.

Bechtel Corp. wins Mongolia industrial complex deal

Engineering giant Bechtel Corp. will create a master plan for a heavy industrial complex in Mongolia that includes an oil refinery and coal gasification power plant.

Mongolia aims for bond by autumn, eyes infrastructure

* No amount decided for debut bond issue

* Mongolia eyes power expansion to feed Chinese demand

Mongolia Vice Minister: Bonds Can Wait

JAKARTA—With a budget surplus and no need of funds at the moment, Mongolia isn't in a hurry to issue its first sovereign bonds, Vice Finance Minister Ganhuyag Chuluun Hutagt said Saturday.

U.S., Mongolian lawmakers meet on relations

As Mongolia's President heads towards the US, ties between the two countries keep strengthening.
Mongolian Parliament speaker Damdin Demberel welcomed a delegation of U.S. lawmakers Thursday, saying their support had helped his country develop its administration.

Massive Coal-Mine Project Moves Ahead in Mongolia

JAKARTA—Mongolian Prime Minister Sukhbaatar Batbold Sunday said that his government hopes to finalize the first round of negotiations with bidders to pick the operator of the Tavan Tolgoi coal mine project by the end of June, although the timeline could be stretched.

Friday, June 10, 2011

Landheer of HKEx: Liquidity attacks more Mongolia IPOs

Mr. Eric Landheer eats very carefully in Ulaanbaatar, Mongolia. He never tries the famous tsagaan idée.

Inner Mongolia: Beijing’s Campaign of Cyber-Harassment Continues

Reporters Without Borders emphasised on 6 June 2011 the increased levels of censorship being endorsed by Chinese authorities in Inner Mongolia.


Government of Mongolia(GOM) stated today, 03/09/2011 that addition and amendments to Oyu Tolgoi Shareholders agreement have been signed by Erdenes MGL and OT companies representatives.

Mongolia Basketball Team Makes it to the East Asian Basketball Championship

Mongolian national basketball team is preparing to compete in East Asian Basketball Championship.

Eurasia, Doran Capital to Raise $100m for Mongolian Investment from Korean Lp

Seoul based private equity firm, Doran Capital Partners and central Asia-focused investment bank Eurasia Capital, are courting Korean institutional investors for a private equity fund focused on Mongolia.

Japan Bank for International Cooperation Ready to Finance Mongolian Oil Refinery Project

Japan Bank for International Cooperation (JBIC) is ready to support the oil refinery project of Mongolia, said Mr. Ryuichi Kaga, JBIC’s Resident Executive Officer for Asia and Oceania, when he met with Mongolia’s Parliament Speaker, Mr. Demberel, in Ulaanbaatar.

Mongolia Hosts “Ecopreneur 2011” Competition

An international green competition “Ecopreneur 2011” took place from 6th to 10th of June, in Ulaanbaatar.

Mongolian People’s Inspection Committee Demonstrates against the Authorities

On June 8th “Mongolian People’s Inspection Committee” held a protest gathering at the Central Square.

Ivanhoe Mines says 23 pct construction complete at Oyu Tolgoi

* Arbitration proceeding with Rio Tinto expected to resume this month

* Says arbitration not to adversely affect construction at Oyu Tolgoi

* Shares rise 3 pct in Toronto, New York (Adds details, share movement)

Watch Mongolia’s Got Talent on TV

“I thought nothing. I was just counting my rotation while I was rotating”

Mongolian President to Visit the United States

President of Mongolia Tsakhia Elbegdorj is to pay an official visit to the United States of America between June 13th and 18th, 2011, as the guest of his American counterpart Barack Obama.

Mongolian business trip planned

Retired travel agent Andy Jamieson of Moncton is convinced that investors can make money by investing in Mongolia, and is now putting together a fact-finding adventure tour to the Asian nation.

Newcomer to Mongolia

Imagine this: You arrive in Mongolia, having just secured a job here only a week beforehand, and having gone through the rigmarole of obtaining visas and last-minute air passage.

Voyager pushes Oyu Tolgoi comparison at Mongolian project

Junior explorer Voyager Resources believes that forthcoming deep drilling will unlock the potential of its Khongor copper-gold project in Mongolia.

Thursday, June 9, 2011

China coking coal demand seen up 180MT by 2015

Shanghai Securities News citing unspecified government authorities reported that China’s demand for coking coal is expected to increase by 180 million tonnes by 2015.

Top 40 mining companies’ 2010 financial results ‘spectacular’-PwC

The top 40 global mining companies are poised to break through the US$1 trillion asset mark this year, due to record levels of cash, property and equipment on balance sheets, says a new PwC report.

Massive Oyu Tolgoi copper-gold mine buys South African mining simulators

Rio Tinto Limited, the diversified mining giant which assumed direct management of Oyu Tolgoi late last year from Ivanhoe Mines, has, after intensive Simulator Supplier evaluations, selected ThoroughTec’s latest generation CYBERMINE4 mining simulators to enhance operator skill and safety.

What are critical metals, their markets, myths and politics?

But just what are critical metals? They are sometimes referred to as “strategic” or “technology” metals, but clear definitions for these terms often prove elusive and routinely depend on to whom you’re talking.

The First Mongolian Government bond to be issued today

Mongolian Government is testing the international finance waters.

It is now possible to own land not only in Ulaanbaatar but also in other prefectures

But this is still limited to Mongolian citizens only and under certain conditions.

Place your next energy bets on Mongolia

Sometime in the next 12 months, an energy IPO offering in distant Mongolia already has foreign investors salivating.

Mongolia needs to amend laws to allow MSE to function properly says LSE

Bill Gorman, new president of the MSE has announced at a recent meeting that it was making progress but needed legal changes from parliament to keep pressing forward.

Russia Looks at Investing US$1.5 Billion in Mongolian Rail

Jun. 9 – Mongolian President Tsakhiagiin Elbegdorj has been in Russia recently meeting with Russian President Dmitry Medvedev and Prime Minister Vladimir Putin.

Hactl provides staunch support to MIAT Mongolian Airlines

Hong Kong Air Cargo Terminals Limited (Hactl) is pleased to announce that MIAT Mongolian Airlines has appointed Hactl as its cargo ground handler at Hong Kong International Airport to support its new service between Hong Kong and Ulaanbaatar.

Swift Justice in Murder that Stirred Anger in China

One month after a traffic fatality touched off widespread protests in the northern Chinese region of Inner Mongolia, a court has sentenced a coal truck driver to death for running over and killing an ethnic Mongolian herder.

Petro Matad updates on Mongolia drilling

Petro Matad has provided an update on its drilling activities on the Davsan Tolgoi Prospect on Block XX in Eastern Mongolia.

Eximbank offers $20 mil. loan to Mongolian bank

The Export-Import Bank of Korea (Korea Eximbank) signed a $20 million inter-bank export loan agreement with the biggest Mongolian commercial lender Wednesday providing more opportunities for domestic exporters, the state-run lender said.

GTSO Signs PPA to Excavate Rare Earths from 3 New Mongolian Mines

Company to Realize a Percentage of Net Profits Generated by Rare Earths Production.

Chinese Truck Driver Sentenced to Death Over Accident

BEIJING — An ethnic Han truck driver who killed an ethnic Mongolian herder in a hit-and-run accident last month, sparking Inner Mongolia’s largest protests in 20 years, was sentenced to death on Wednesday by a court in Xilinhot, the area of Inner Mongolia where the accident occurred.

Wednesday, June 8, 2011

Businessmen of Mongolia and South Korea meet in Ulaanbaatar

Some 40 Korean and 100 Mongolian companies are attending a business forum in Ulaanbaatar today. It has been jointly organized by the Foreign Investment and Foreign Trade Agency, the South Korean Embassy to Mongolia, the Mail Kongje media group of South Korea, and the Mongolian National Chamber of Commerce and Industry.

Food security forum to draw 1,500 delegates

The Ministry of Food, Agriculture and Light Industry, The UN Food and Agriculture Organization (FAO), the Union of Mongolian Food Producers and the Friedrich Ebert Foundation of Germany are jointly organizing the Food Security of Mongolia – 2011 forum on June 24.


Ulaanbaatar, Mongolia, /MONTSAME/ The Prime Minister of Mongolia, S.Batbold is going to leave to China for twoday visit in the middle of this month.

Lithuanian Ambassador presented credentials to the President of Mongolia

On 6 June in Ulan Bator, Lithuanian Ambassador to China Lina Antanavičienė presented credentials to the President of Mongolia Tsakhiagin Elbegdorzh. At the meeting following the solemn ceremony, L.Antanavičienė and T.Elbegdorzh discussed the relations between Lithuania and Mongolia that had been intensifying during the recent years, and the cooperation of the two countries within international organizations.

Oyu Tolgoi LLC pays US$100 million to the Government of Mongolia ahead of schedule

Oyu Tolgoi LLC today paid US$100 million to the Government of Mongolia, ahead of the payment schedule outlined in the Investment Agreement.

The value of Mongolia's mining sector will grow to US$15.4bn by 2015

Mongolia will exhibit one of the world´s fastest growing mining sectors with phenomenal growth of gold, copper and coal production.

China starts Inner Mongolia trial for herder death

(Reuters) - A court in China's vast northern region of Inner Mongolia began hearing a homicide case against two men accused of killing an ethnic Mongolian herder, state media said on Wednesday, an incident that set off days of rare protests.

Petro Matad updates on Mongolia drilling

Petro Matad has provided an update on its drilling activities on the Davsan Tolgoi Prospect on Block XX in Eastern Mongolia.

China creates rare earth monopoly in Inner Mongolia

China has restructured its rare earth industry in the region of Inner Mongolia, allowing only one company to continue to operate there.

China tries four in case that led to Mongol unrest

BEIJING — China put four people on trial Wednesday for the death of an ethnic Mongol herder that sparked protests across the Inner Mongolia region over allegations of resource exploitation and environmental damage.

Australian coal risks losing Asian market share: trader

LONDON - Australian coking coal producers risk losing Asian market share to US and Canadian suppliers because of the Australians' quarterly prices which are seen as inflated, Ron Beveridge of Ronly Bulk Trading said.

Westhouse bullish on prospects for Petro Matad

Analysts at Westhouse have sounded a very upbeat note on prospects for Mongolia-focused oil group Petro Matad (LON:MATD) thanks to its increasingly successful exploration programme, strong and capable technical team and 'exceptionally large' prospective exploration blocks.

Ivanhoe CEO: Construction At Oyu Tolgoi 'Ahead Of Schedule'

NEW YORK -(Dow Jones)- Construction of the Oyu Tolgoi copper mine in Mongolia is well ahead of schedule and revenue from byproducts will substantially offset the cost of production, Ivanhoe Mines Ltd. (IVN, IVN.T) Chief Executive Officer Robert Friedland said Tuesday.

Investors Salivating Over Mongolian Energy Resources

Sometime in the next 12 months, an energy IPO offering in distant Mongolia already has foreign investors salivating.

Tuesday, June 7, 2011


Ulaanbaatar, Mongolia, /MONTSAME/ A Mongolia-South Korea business forum will be held Wednesday in Ulaanbaatar.


Ulaanbaatar, Mongolia, /MONTSAME/ The Parliament Speaker D.Demberel met Monday Steven Barnett, a deputy division chief in the Asia-Pacific department of the International Monetary Fund (IMF).


Ulaanbaatar, Mongolia, /MONTSAME/ China, Mongolia and Russia's economic, trade and cooperation forum is to run August 26-30 in Erlian of China.


Ulaanbaatar, Mongolia, /MONTSAME/ International meeting on a “Tea road” project has ran. The project will be co-implemented by Tourism department of Nature environment ministry of Mongolia, Tourism bureau of Chinese Inner Mongolia autonomous region and national tourism agency of Russia's Buryatia.

Mongolia passes law banning issuance of mining exploration licenses

ULAN BATOR, June 3 (Xinhua) -- The Mongolian parliament on Friday passed a law banning the issuance of new mining exploration licenses.

President Elbegdorj visits historic and cultural sites in Saint Petersburg

President of Mongolia Ts. Elbegdorj’s State Visit to the Russian Federation continues in the historic city of Saint Petersburg.

President of Mongolia meets, B.V.Gryzlov, Speaker of the State Duma

President of Mongolia Ts. Elbegdorj continues his official meetings this week as he meets with, B. V. Gryzlov, the Speaker of the State Duma.

GTSO: U.S. Geological Survey Warns Congress That Rare Earth Demand Increasing 8% Annually

Rising Demand and Dwindling Chinese Exports Threaten U.S.’s Rare Earth Supplies.

China: Internet Censorship Stepped Up In Inner Mongolia

Reporters Without Borders has learned that more websites in Inner Mongolia are being censored by the Chinese authorities, who are now using more insidious and less visible methods than just blocking a site.


The government of Japan has come upon an agreement with the Mongolian Government on a 270-million USD loan repayable over the 40 or so years at a redeemable rate of just 0.2 percent, to build a new airport to service Ulaanbaatar.

China has another way to defuse ethnic strife

Rising ethnic tensions in Inner Mongolia, a region where relations between Han Chinese and Mongolians have been relatively calm for years, must have rattled the political nerves in Beijing already frayed by (exaggerated) fears of a Chinese-style jasmine revolution.

Monday, June 6, 2011


Mongolia, the land of endless steppes and nomadic traditions is changing; it is happening very fast but is it a change for good or rather a change for worse?

AJA calls for release of Mongolian journalist

The Asia Journalist Association (AJA) delivered a protest letter to the Mongolian Embassy in Seoul seeking an immediate release of its Vice President Dolgor Chuluunbaatar.

SouthGobi Resources Announces Soumber Coal Deposit Officially Registered With Government of Mongolia

HONG KONG, CHINA--(Marketwire - June 3, 2011) - SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) announced today that it has been notified by the Mineral Resource Authority of Mongolia (MRAM) that the company's Soumber coal deposit has been officially registered.

Mongolian cultural event starts with a yurt

The celebration outside Los Angeles City Hall includes song, dance, wrestling, contortion, art and fashion.

Presenting: The "Saudi Arabia" Of Asia

If you're a true believe in the Chinese growth story, and the voracious demand for commodities that will represent in the coming years, you can't do any better than Mongolia.

Mongolia Shining: Important lessons in inclusive growth

India's economic gurus , now in hibernation somewhere deep inside Raisina Hill , should wake up and look at the world's latest poster-child of reform - Mongolia .

Chinese, Mongolian military cooperation has broad prospects, Chinese DM

Chinese Defense Minister Liang Guanglie said here Sunday that military cooperation between China and Mongolia has broad prospects and huge potentials.

Inner Mongolia in "War-Like State"

Chinese military forces have been deployed at all "critical locations," says a document.

Friday, June 3, 2011

Mongolia to Plan to Have Commodities Exchange

Mongolian Parliament has approved a law on agricultural products’ and commodities’ exchange.

TNK-BP Will Ship 16 Thousand Tonnes of Diesel to Mongolia

“Zuunii Medee” daily reports that Russian oil company “TNK-BP” will deliver 16 thousand tones of diesel fuel to Mongolia, which will ease a fuel shortage in the country that was caused by failure to deliver 8000 tonnes of diesel in May as promised by “Rosneft”.

Navigation now available between Hong Kong and Ulaanbaator

MIAT Mongolian Airlines celebrated the start of its inaugural service between Hong Kong and Mongolia yesterday.

Mongolia halts railway operations over diesel shortage

ULAN BATOR, June 3 (Xinhua) -- Mongolia's Ulaanbaatar Railway has suspended most of the travel operations due to severe diesel shortage, local media reported on Friday.

Can ‘People’s Representatives’ Light a Fire Under Beijing?

Russell Leigh Moses is a Beijing-based analyst and professor who writes on Chinese politics. He is writing a book on the changing role of power in the Chinese political system.

B.Gangaamaa Becomes the First Mongolian Woman to Reach the Top of Mountain Everest

The first Mongolian woman, B.Gangaamaa, to reach the top of Mount Everest returned home on 1st June.

Fuso Successful in Growth Markets

The FINANCIAL -- Kawasaki, Japan – Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers and an integral part of the Daimler Trucks division, continues its success story in growth markets.

We Make Only One Choice in Our Hard Times and This is Our Northern Neighbor

The President of Mongolia Tsakhia Elbegdorj is currently in Russia for an official visit. He arrived in Sheremetyevo International Airport in Moscow on May 30th.

At The Mongolian School Of Los Angeles, Culture Is Preserved

Within the boundaries of the Koreatown in Los Angeles there exists a shadow community of Mongolian immigrants, a kind of Little Ulaanbaatar hidden among the karaoke parlors and bibimbap cafes.

China says addressing pollution in Inner Mongolia

BEIJING (AP) — A Chinese official says the government and local agencies are addressing pollution concerns that sparked clashes leading to a wave of ethnic protests across Inner Mongolia.

First foreign investment fund founded in Mongolia

Mongolia is opening up to the global financial world. GAP (Global Alliance Partners) recently opened a new subsidiary, Silk Road Management, in Mongolia.

Prophecy shareholders approve sale of 2 Canadian nickel assets, name change to Prophecy Coal

Prophecy Resource Corp. (CVE:PCY)(OTCQX: PRPCF) and Pacific Coast Nickel Corp. (CVE:NKL) said Wednesday that both companies' shareholders have approved Pacific's acquisition of the Lynn Lake and Wellgreen nickel properties from Prophecy, a deal that will allow Prophecy to focus on its coal assets in Mongolia.

Russian-Mongolian uranium efforts deepen

MOSCOW, May 31 (UPI) -- Russia is moving quickly into the Mongolian mining sector.

IFC Invests $2 million in Mongolia’s Leading Dairy Processor to Support Rural Economy

IFC, a member of the World Bank Group, said today it invested $2 million in Suu JSC, Mongolia’s leading dairy processor, helping expand economic opportunities in Mongolia’s rural areas, while diversifying the country’s natural resource-led economy and improving food safety.

Mongolia Growth Group Ltd. Amends Terms of Private Placement Offering

Calgary, Alberta CANADA, June 2, 2011 /FSC/ - Mongolia Growth Group Ltd.
(YAK - CNSX) announces that it has repriced its offering ("Offering") of units ("Units").

Erdene Announces Updated NI 43-101 Compliant Resource Estimate for the Zuun Mod Molybdenum-Copper Project

HALIFAX, NOVA SCOTIA--(Marketwire - June 2, 2011) - Erdene Resource Development Corp. ("Erdene") ( (TSX:ERD), is pleased to report an updated National Instrument 43-101 ("NI 43-101") compliant resource estimate for the Company's Zuun Mod ( molybdenum-copper project in Mongolia.

General Mining Corporation inks drilling contract targeting potash in Mongolia

General Mining Corporation (ASX: GMM) has signed a contract with a drilling contractor to target potash at the company’s wholly-owned Uvs Basin Project in Mongolia.

China responds to ethnic riots in Inner-Mongolia

China is promising to quell ethnic tensions by improving living standards again. This time not in Tibet or Xinjiang, but relatively quiet Inner-Mongolia.

Thursday, June 2, 2011

Mongolian Mining to Buy Kerry’s Coal Mine for $464.5 Million

June 1 (Bloomberg) -- Mongolian Mining Corp., the nation’s biggest coking coal exporter, agreed to pay $464.5 million to buy the Baruun Naran mine in Mongolia from a unit of Kerry Holdings Ltd., adding production to an adjacent operation.

Russian Railways Ready to Invest $1.5 Billion in Mongolia

OAO Russian Railways, the country’s rail monopoly, is ready to invest $1.5 billion in Mongolia’s train network to help the country exploit its natural resources, Chief Executive Officer Vladimir Yakunin said.

Origo invests in Mongolian exploration project

Origo Partners has announced the acquisition of a 20% equity stake for $10m. in Moly World, owner of an advanced stage molybdenum exploration project in Mongolia.

Mining Boom Fuels New Mongol Hoard

ULAN BATOR—A bold experiment aimed at turning an entire nation into stock investors is getting under way in a remote corner of the financial system: Mongolia.

Key political risks to watch in Mongolia

BEIJING, June 1 (Reuters) - Landlocked Mongolia sits on vast quantities of untapped mineral wealth, and foreign investment in a number of gigantic mining properties is expected to transform its tiny economy in the next decade.

Mongolia Growth Group Ltd. Publishes May 2011 Monthly Letter to Shareholders

Calgary, Alberta CANADA, June 01, 2011 /FSC/ - Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the release of its May 2011 letter to shareholders.

Mongolia ETF: A Copper Play In The Making?

Van Eck, the exchange traded fund (ETF) innovator, is pulling together a fund that will track the country of Mongolia.

Coal mining in China's Inner Mongolia fuels tensions

Large-scale mining has brought growth and wealth to a desolate corner of China. But not everyone is benefiting, and tensions are rising between indigenous Mongols and Han Chinese who have poured into the region.