Mongolian Economy and Finance

A Chinese newspaper says Mongolia is considering listing its national railroad on the Hong Kong stock exchange as part of an effort to finance an ambitious USD 5 billion railway building program.

The DP caucus in Parliament plans to discuss several issues, including a 2012 draft budget, and proposals for funding the social insurance fund and the Human Development Fund.

The State Supreme Court (SSC) last week ordered three Anti-Corruption Authority (ACA) officials convicted of corruption released from custody.

Ulaanbaatar, Mongolia /MONTSAME/ A campaign is running on October 20-30 to develop activities against discrimination and humiliation of the people with HIV/AIDS.

Ulaanbaatar, Mongolia /MONTSAME/ A report on the fourth national research into nutritional level among Mongolia's population has been published in Mongolian and English languages.

Mongolia’s government is emphasising its plans to diversify from reliance on mining-related revenues and investment in the hope that the development of the manufacturing and agricultural sectors will create a more advanced industrial base.

Rich in resources, Mongolia – a country of less than 3m people and GDP of just $7bn – has become a hotspot for global miners.

Mongolia’s mining industry has seen major improvements in recent years, with its contribution to the nation’s GDP growing to nearly 30 percent in 2008.

The Manawatu Standard reports giant Chinese state-owned Shanxi Coal is understood to be in the running to buy New Zealand’s Pike River Coal as part of a joint bid with local miner Solid Energy.

ULAN BATOR, Oct. 30 (Xinhua) -- The 24th World Cadets Championship in Draughts organized by Mongolian Draughts Federation open here on Sunday.

Ministry of Social Welfare and Labour in collaboration with mining sectors are organizing a meeting under the topic “Labour Safety and Hygiene of Miners and Micro-Miners”.

PERTH (miningweekly.com) − ASX-listed Cougar Energy would press ahead with its strategy of expanding into Asia, while seeking recovery for the shut down of its Kingaroy power plant project, in Queensland, the company said last week.

Prime Minister S.Batbold visited Secretary-General of the United Nations Ban Ki-moon on October 28. S. Batbold congratulated Ban Ki-moon, who has been reappointed as UN Secretary-General. The Prime Minister urged that Mongolia and the UN, who have cooperated successfully for 50 years, hold together their relationship.

Head of Mongolian National Chamber of Commerce and Industry S.Demberel enlisted to Civil Will Party and he took his party card in the Government House on Friday.

Parliament discussed ultimate version of 2011 revised budget and passed it on Friday. Budget income increases by MNT615 billion and its expenditure raises by MNT824 billion along the revise.

The head of Finance and Investment Office of the Ministry of Road, Transportation and Urban Development, Yo.Manlaibayar, stated railway infrastructure to transport coal from Tavantolgoi deposit mine likely to be finished in 2014 at an investment conference in Hong Kong on October 27.

The Authority for Fair Competition and Consumer Protection organized an open door day on Friday.

Mongolia is considering a Hong Kong listing of its rail-building firm in a bid to help finance its $5 billion railway plan, the South China Morning Post reported on Friday.

Ivanhoe Australia Ltd (ASX & TSX: IVA) announced today that a pre-feasibility study has been completed on the Merlin molybdenum-rhenium project in north western Queensland.

David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE) (NASDAQ: IVAN), and Gerald Moench, President of Ivanhoe's wholly-owned subsidiary Sunwing Energy Ltd., announced today that Ivanhoe has successfully finished drilling the company's second exploration well on the Nyalga block in east-central Mongolia and have prepared the well for completion and testing early next year.

ULAN BATOR, Oct. 30 (Xinhua) -- The 24th World Cadets Championship in Draughts organized by Mongolian Draughts Federation open here on Sunday.

The OSCE Chairperson-in-Office, Lithuanian Foreign Minister Audronius Ažubalis, today received a letter from Mongolia’s Minister of Foreign Affairs and Trade, Gombojav Zandanshatar, formally expressing Mongolia’s willingness to join the OSCE as a participating State.

Mongolia has replaced Australia to be China's largest coking coal supplier, said Mr. Huang Jingan, President of the China Coking Coal Industry Association, at a summit forum about the country's coking coal supply and demand situation held in Xinjiang on October 22.

By James Slater:Tonight at a packed out York Hall, Bethnal Green in the nation’s capitol, “Mongolian Warrior” Choi Tseveenpurev became the oldest man to win “Prizefighter” - the 40-year-old picking up the featherweight trophy and the £32 grand that comes with it.

Managing officials of the DP, including Chairman N.Altankhuyag, Secretary General D.Erdenebat, and the head of the DP caucus in Parliament, Ch.Saikhanbileg, received representatives of the One Democracy Association on Thursday.

At Thursday’s session, MPs began discussion of the 27th protocol annex of Parliament, which focuses on tariff increase on imported wheat. D.Khayankhyarvaa suggested postponement of discussion.

The Ministries of Nature, Environment and Tourism and of Road, Transportation and Urban Development have planned to increase number of trolley and duo buses by 30 in Tsahilgaan Teever LLC with the aim of air pollution reduction.

Minister for Justice and Internal Affairs Ts.Nyamdorj presented a draft law on fight of human trafficking and Parliament discussed the draft law on Thursday.

The Ministry of Health, Health Project of Millennium Challenge Foundation (MCF) and Health Board of the Government are organizing two-day national forum “Emergency reform” in Bishrelt Hotel on October 27 and 28.

Ulaanbaatar, Mongolia /MONTSAME/ Within the celebration of Mongolia's 50-year membership in the UN, a concert of Mongolia's art ran on October 27 in the conference hall of General Assembly of the UN.

Ulaanbaatar, Mongolia /MONTSAME/ The Foreign affairs Minister, G.Zandanshatar received on October 27 journalists of British “Panorama” television Kirlin Emerson John and Fernandez Maria de Los to give an interview.

Ulaanbaatar, Mongolia /MONTSAME/ A plenary meeting of the parliamentary session discussed and approved the budget clarification for 2011 on October 28.

Ulaanbaatar, Mongolia /MONTSAME/ On Friday, a ceremony took place to sign amendments to agreements between the governments of Mongolia and the USA on granting targeted non-refundable aid.

S.Demberel, Director of the Mongolian National Chamber of Commerce and Trade became a member of the Civil Will Party and received his certification from S.Oyun, Leader of the Civil Will Party.

A discussion regarding the building of oil refineries in Mongolia and the proposal for renovation of oil exploration and exploitation laws was held yesterday in the Civil Chamber.

Ulaanbaatar, Oct 28, 2011 (ABN Newswire) - At the "Mongolia: Capital Raising & Investment" conference, a panel discussion was held with Mr. Jung-Suk Jo of the Korean Exchange (KRX) acting as facilitator and with delegates from Samsung Securities and the Korean- Mongolian Business Association (KMBA) in order to enlighten the audience on the listing of foreign companies on the KRX and the services offered by the KMBA.

My first work in Mongolia, was with an NGO that works with young children from the ger district abandoned by their parents (New Choice Children’s Charity).

Ulaanbaatar hardly registers as dream destination for study-abroad scholars.

Underground coal gasification (UCG) company Cougar Energy says it is not sitting around waiting to get money out of the Queensland government.

Over the last two decades, Russia has aggressively exploited and leveraged the nuclear legacy of the Cold War competition between the United States and the Soviet Union.

Ulaanbaatar Prosecutors Office (UPO) says it is still investigating the incidents of July 1, 2008.

Ulaanbaatar Office for Children annually selects the ten “best families” in the capital and the traditional ceremony announcing the families was held on Wednesday.

DP Chairman and First Deputy Prime Minister N.Altankhuyag answered our correspondent’s questions.

Ulaanbaatar, Mongolia /MONTSAME/ The meeting themed “Labour safety, hygiene issues in mining and micro mining and future goals” is running October 27-28, supported by the Ministry of Social welfare and labour and the International labour organization.

Rio Tinto Ltd. (RIO) Chief Executive Tom Albanese said the company is keen to increase its exposure to mining in Africa, flagging more potential investment in the continent.

TORONTO, ONTARIO, Oct 26, 2011 (MARKETWIRE via COMTEX) -- Denison Mines Corp. /quotes/zigman/37817 CA:DML +3.17% /quotes/zigman/37804/quotes/nls/dnn DNN +5.10% ("Denison" or the "Company") is pleased announce that the Arizona 1 uranium mine received the 2010 U.S. Department of Labor's Mine Safety and Health Administration ("MSHA") Sentinels of Safety Award in the small underground metal mine category.

112 leading students from low income herder families have won in the seventh scholarship programme announced by Swiss agency for Development and cooperation /SDC/ in Mongolia and the "Zorig" foundation.

In a bid to stabilise the rare earths market amid falling local prices and balance the supply and demand position, much of the rare earths mining sector in China is temporarily halting output.

Assistant Secretary for Trade Promotion and Director General of the U.S. & Foreign Commercial Service, Suresh Kumar visited with journalists at U.S. Ambassador to Mongolia Jonathan Addleton’s home yesterday morning.

Ulaanbaatar, Oct 28, 2011 (ABN Newswire) - Mr. Eddie Grieve from the Australian Securities Exchange (ASX:ASX) presented at the "Mongolia: Capital Raising and Investment" Conference organized by Frontier Securities. Highlights of his presentation include;

Oct 28 (Reuters) - Mongolia is considering a Hong Kong listing of its rail-building firm in a bid to help finance its $5 billion railway plan, the South China Morning Post reported on Friday.

HONG KONG — Mongolia said it plans to synchronize the openings of two export railways to Russia and China to accelerate coal sales from the Tavan Tolgoi mine, one of the world's biggest unexploited coal deposits.

NEWS RELEASE Ivanhoe Energy to conduct testing of second Mongolia well in early 2012 CALGARY, CANADA (October 27, 2011) - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE) (NASDAQ: IVAN), and Gerald Moench, President of Ivanhoe's wholly-owned subsidiary Sunwing Energy Ltd., announced today that Ivanhoe has successfully finished drilling the company's second exploration well on the Nyalga block in east-central Mongolia and have prepared the well for completion and testing early next year.

O.Sodbileg of the MPP has released a proposal for an election structure. He spoke with our correspondent about it.

Workers of the company Zes Erdeniin Khuvi LLC demonstrated outside the Erdenet factory on Wednesday to demand the resignation of Mongolian Director Ch.Ganzorig.

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet considered results of the State Head's participation in the General debate of the 66th session of the UN General Assembly and of his visit to New York City.

Ulaanbaatar, Mongolia /MONTSAME/ A national program on abolishing the worst forms of child labor was approved by the cabinet at a meeting held on Wednesday.

Ulaanbaatar, Mongolia /MONTSAME/ The Vice Minister of Health J.Tsolmon met an Adviser of Asian Development bank /ADB/ John James and a Social sector officer of ADB L.Itgel on October 26.

Ulaanbaatar, Mongolia /MONTSAME/ The first Deputy Mayor of Ulaanbaatar B.Baatarzorig has awarded with the Medal of Honour a country director of Swiss agency for development and cooperation /SDC/ in Mongolia Felix Fellmann and his deputy Matthias Meier.

Ulaanbaatar, Mongolia /MONTSAME/ From October 26, the holders of diplomat and official passports of Mongoia and Poland are to enter each other's country visa without visas.

Ulaanbaatar, Mongolia /MONTSAME/ The Secretary-General of the United Nations (UN) Ban Ki-moon has delivered a message on occasion of the 50th anniversary of Mongolia's membership in the UN.

The State Supreme Court ordered three Anti-Corruption Authority (ACA) officials convicted of corruption released from custody after a hearing on Wednesday.

At Wednesday’s meeting of the Government, members discussed a draft law on press freedom and approved it for further discussion in Parliament.

Canadian stocks rose for the third time in four days as commodity shares and banks gained on speculation China may cut interest rates, and a report the Asian nation may be willing to help fund Europe’s bailout effort.

Ulaanbaatar, Oct 27, 2011 (ABN Newswire) - Mr. Hiroki Kurihara, Executive Director of Tokyo AIM, educated attendees about capital raising opportunities for international companies through the Tokyo AIM.

C@ has announced a deal to transform it from a listed shell company to a Mongolia-focused coal explorer.

Prime Minister S.Batbold presented the Government’s 2012 budget proposal to Parliament on Wednesday.

Mongolia has become the leading coking coal exporter to China. As of the end of August, Mongolia supplies China with 43 percent of its coking coal.

Sen. Jeanne Shaheen says the U.S. air traffic control system is worse than Mongolia’s. And that means one thing.

Oct. 27 (Bloomberg) -- Mongolia delayed plans to sell its first U.S. dollar-denominated bonds until 2012 as surging coal exports puts the economy on target to grow 20 percent this year.

Ulaanbaatar, Mongolia /MONTSAME/ An exhibition dedicated to the 50th anniversary of Mongolia's joining the UN took place on October 24 in Thailand.

Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday decided to set up One point service center in Republic of Korea.

Ulaanbaatar, Mongolia /MONTSAME/ On Tuesday, the President of Mongolia Ts.Elbegdorj visited the Oxford Union and met its president Izzy Westbury.

The revision of the Ikh Khural Election Law has been one of the vexing political issues in recent years.

VANCOUVER, BRITISH COLUMBIA — Bullman Ventures Inc. (TSX VENTURE:BUL.P) (the "Company") announces, further to its news release dated August 25, 2011, that the letter of intent entered into with Beijing Nange Huyang Investment Ltd. dated August 18, 2011 has been terminated effective October 10, 2011.

Japanese legend claims two 'divine winds', known as The Kamikaze, destroyed Mongol invasion fleets.

TORONTO, ONTARIO, Oct 26, 2011 (MARKETWIRE via COMTEX) -- Denison Mines Corp. CA:DML +5.33% DNN +0.64% ("Denison" or the "Company") is pleased announce that the Arizona 1 uranium mine received the 2010 U.S. Department of Labor's Mine Safety and Health Administration ("MSHA") Sentinels of Safety Award in the small underground metal mine category.

Mongolian People’s Revolutionary Party (MPRP) Chairman N.Enkhbayar and Secretary General N.Udval held a press conference on Tuesday to outline the party’s positions on several issues.

The Ministry of Foreign Affairs and Trade is organizing events marking the 50th anniversary of Mongolia’s membership in the United Nations.

The Standing Committee on Justice discussed draft laws on the regulation of public officials and on anti-corruption on Tuesday. The members decided the issues should be discussed by a working group.

President Ts.Elbegdorj met with the Duke of York, Prince Andrew, at Buckingham Palace on Tuesday during his visit to the United Kingdom.

On the 24th of October, Finance Minister S.Bayartsogt presented the documents and decisions that were made at the level of State Great Khural and the Government to journalists regarding the profit of Oyu Tolgoi.

China’s distorted economic model is to blame for the lending crisis faced by privately owned businesses, that has hit several Chinese cities, including the wealthy city of Ordos, and Wenzhou, the eastern entrepreneurial hub, according to leading Chinese economists.

According to Mongol Bank, the total savings of Mongolians have increased by 3.6 percent in October compared to the previous month, and by 61.9 percent compared to October 2011.

Ulaanbaatar Nature Protection Office and the Ecology Technology Development School are jointly organizing a research conference on Wednesday.

Munkhtsetseg Jalkhaajav is one of the most famous female Mongolian painters. Her characters are women, especially herself.

Stacking up vodka bottles is not usually an indicator of good lifestyle choices. That is until last summer, when a group of University students traveled to the Mongolian countryside to build a greenhouse out of the discarded glassware.

The Democratic Party organizes serial discussion on economics development and the second discussion was held in the Government House on Tuesday.

HONG KONG Oct 26 (Reuters) - A contentious investment agreement on Mongolia's huge Tavan Tolgoi coal deposit needs to be completed within three months to ensure that a much-heralded initial public offering for the project goes ahead on time, a legislator told Reuters on Wednesday.

Speaker D.Demberel, the heads of the Standing Committees on State Structure and on Budget paid visit to a power plant in Darkhan.

The officials of the Mongol Bank announced press conference on Tuesday and informed about increase of policy rate.

Ulaanbaatar, Mongolia /MONTSAME/ The garbage recycling plant, costing 3.5 million US dollars, came into service at centralized rubbish point in “Narangiin enger” in the UB city's Songinokhairkhan district.

Ulaanbaatar, Mongolia /MONTSAME/ The Ministry of Foreign Affairs is to run several actions dedicated to the 50th anniversary of Mongolia's joining the UN.

Ulaanbaatar, Mongolia /MONTSAME/ The Defense Minister of Mongolia L.Bold has shared views with his Turkish counterpart Ismet Yilmaz on widening of the bilateral cooperation in the defense and on assistance from Turkey to a reform in Mongolia's Armed Forces.

Yesterday, Finance Minister S.Bayartsogt informed journalists about Oyutolgoi issue on Monday.

The Chinese economy would continue to grow by between 7% and 8% in the foreseeable future, without any major changes to its economic model, the world’s largest diversified miner said on Tuesday.

ULAN BATOR, Oct. 25 (Xinhua) -- Mongolia has officially become a middle-income country, according to a World Bank and International Monetary Fund evaluation cited by local media Tuesday.

Immanuel Lutheran Church has opened its Connections Café to Lindenwood students. It’s part of the outreach and international relations ministry the vicar and volunteers are building.

(CNN) -- A big discovery off the coast of Kyushu, Japan.

Chinggis Khan has been gone for centuries, but his spirit undoubtedly lives on in Mongolia. Empire-building is in the cultural DNA here.

The MPP caucus in Parliament discussed the DP caucus’s election proposal and decided to discuss the issue with the DP caucus again.

MPP caucus at Parliament discussed nine MPs’ demand of Prime Minister’s resignation on Monday because four of whom are from the MPP caucus.

At a meeting of the MPP caucus at Parliament on Monday, the MPs discussed a draft law on election.

Paying visit to the United Kingdom, President Ts.Elbegdorj met with UK Prime Minister David Cameron on Monday.

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Road, Transportation, Construction and Urban Development Kh.Battulga submitted on Monday draft law on approving a middle-term targeted program called "The New Great Construction" and a list of other draft decisions of parliament.

Pledge Demanding Union, civil movements Mongolian Land, Drastic Renovation and National Khas, NGO “To serve for Mongolia’s security” and Independence Group informed to join to a new union on Tuesday.

High grade gold deposits in politically safe jurisdictions with supportive local governments, educated work forces, and convenient access to developed capital markets are often difficult to find today when everything that was easy to pull out of the ground has already been pulled out.

The debt crisis in Europe as well as the struggling economy in the United States may cloud the prospect of China’s demand for copper, which is usually regarded as an important indicator for global copper market prices, a recent Reuters poll shows.Global consumption may decline

As the Chinese authorities in the Uushin Banner of Ordos Municipality, Southern (Inner) Mongolia, are increasingly nervous about the death of Mr. Zorigt (another Mongolian herder killed by a Chinese fuel truck on October 20, 2011 when defending his grazing land), Mongolian netizens quickly rallied through social media to call for a large-scale protest similar to the ones sparked by the brutal killing of Mr. Mergen in early May.

NEW YORK, NY--(Marketwire -10/21/11)- North American rare earth explorers are expected to get a boost going forward as China loosens its control on the sector.

A delegation from Mongolia’s General Authority for State Registration (GASR) visited the agencies that register businesses and land in the United Kingdom on October 18 and 19.