Mongolian Economy and Finance

The NGO Globe International is implementing a program to support women candidates in Mongolia’s 2012 parliamentary election.

The civil movement Promise Claiming People’s Union announced its support for the teachers’ strike on Wednesday.

The governors of all 21 aimags, the mayor of Ulaanbaatar, and the chairmen of Civil Representative Assemblies met at the Government House on December 15 to discuss the recently ratified 2012 state budget.

The Government declared 2011 a “Year of Employment Support” and asked businesses to create jobs for the unemployed to increase household income.

A meeting about increasing Mongolia’s meat exports was held at the Mongolian National Chamber of Commerce and Industry on December 13.

The MPRP sent a note about the teachers’ strike to Parliament and the Government on Thursday.

Ulaanbaatar, Mongolia /MONTSAME/ A group of MPs including J.Sukhbaatar and N.Batbayar submitted on Thursday a draft amendment to the Constitution to N.Enkhbold, the Vice Speaker of parliament.

Ulaanbaatar, Mongolia /MONTSAME/ Indeed, the education sphere has several problems, and the cabinet is taking step-by-step measures to tackle them, said S.Batbold PM.

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Justice and Internal Affairs Ts.Nyamdorj held on December 12 in Beijing negotiations with Meng Jianzhu, the Minister of the Public Security of the People's Republic of China.

Ulaanbaatar, Mongolia /MONTSAME/ Related sides concluded early December an official contract on Mongolia's attending the "Expo 2012 Yeosu" exhibition.

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, the State Great Khural (parliament) passed the draft amendment to the law on election. This has happened after about three years of discussing.

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet discussed on Friday the governmental guidelines in frames of the requirements put by the Mongolia's Trade Unions (MTU) and other unions, and made some decisions.

So, in my haste to share information quickly, I got some aspects of the revisions to the electoral law wrong this morning .

It seems that the revisions to the electoral law yesterday brought three main changes:

The Green Party (GP) has scheduled a press conference on Friday to make several announcements.

Rio Tinto has won out against billionaire Robert Friedland’s attempts to ensure any unwanted move on his Ivanhoe Mines sparks a bidding war. Just don’t expect Rio to rush a takeover.

Inner Mongolia's Coal Output Reaches 907.96 Million Metric Tons in First 11 Months of 2011, Up 26.6% from Last Year.

Ulaanbaatar, Mongolia (ot.mn) – Oyu Tolgoi, the gold and copper mine under development in the South Gobi, has underlined its commitment to training its workforce to world’s best standards by investing in simulator-based operator training technology provided by Immersive Technologies.

According to the Nuclear Energy Authority, 107 uranium exploration licenses have been issued in Mongolia so far.

Parliament on Thursday discussed the state’s oil sector policy through 2015 and approved further discussion.

Kindergarten and secondary school teachers who have been on strike since December 12 are still in negotiations to end the strike.

The Ulaanbaatar Railway Mongolia-Russia joint venture has become an official member of the International Union of Railways (UIC).

Dedicated to the 50th anniversary of Mongolia's joining the UN, a "Cooperation of Mongolia and UN for 50 years" photo exhibition opened on December 9 in the UN office in New-York, the USA.

Libyans have a new lease on life, a feeling that, at long last, they are the masters of their own fate.

It’s been a year since President Ts. Elbegdorj initiated the “Forward, to an Alcohol-Free Mongolia” campaign.

Ever since Mongolia had a transition to free-market economy, the government of Mongolia has been making amendments to the law on health insurances every four years and today’s government is rushing to make changes to this law as well.

This week, Marple Newtown Patch highlights Episcopal Academy junior Jay Achuff for his big act of volunteering with a medical team to help deliver medical supplies and aid in heart surgeries to Mongolian children.

The State Great Khural, Mongolia's parliament, passed a measure Thursday to revise the country's election system.

An exhibit celebrating the centennial of the National Freedom Revolution opened at the National Museum on Tuesday.

In connection with the 100th anniversary of the founding of Mongolia’s diplomatic service on December 29, the Ministry of Foreign Affairs and Trade is holding a conference examining the history of the service on December 15.

D.Battulga, the head of the President’s Office, updated journalists on the office’s work on Wednesday.

The Standing Committee on Justice discussed proposed amendments to the Criminal Law on Wednesday.

Government officials and the Swiss Agency for Development on Wednesday signed a memorandum of cooperation to improve governance.

The Civil Will-Green Party (CW-GP) issued a note on Wednesday saying the party supports teachers who have been on strike since December 12.

Confederation of Trade Unions President S.Ganbaatar told journalists on Wednesday that health care workers have joined the teachers’ strike, and police and employees of arts and cultural organizations may join as well.

Five opera singers from Mongolia qualified for the second round of the 24th International Vocal Contest named after the Russian composer Mikhail Glinka, which was held in Moscow from December 3 to 14.

Prime Minister S.Batbold received representatives of the Trade Union of Education, Culture and Science at 6 p.m. on Wednesday.

The Standing Committee on Social Policy, Education, Culture and Science discussed a draft law on social welfare for the first time on Wednesday.

The state is counting livestock from December 9 to 20. The Ministry of Food, Agriculture and Light Industry and the National Statistics Committee are organizing the count.

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador of Japan to Mongolia Mr. Takenori Shimizu attended on Monday a ceremony of handing over 10,560 courses of Tamiflu (Oseltamivir) and 2,160 N95 masks to the Ministry of Health. Costing USD 220,000, these were received by a Vice Minister of Health Dr Tsolmon.

Ulaanbaatar, Mongolia /MONTSAME/ A delegation led by J.Enkhsaikhan, the Ambassador Extraordinary and Plenipotentiary of Mongolia to Austria, has shared views with Tibor Tyth, the Executive Secretary of the Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO) on developing the bilateral relations and cooperation.

Ulaanbaatar, Mongolia /MONTSAME/ On occasion of the 100th anniversary of contemporary diplomatic service of Mongolia, the Ministry of Foreign Affairs will organize a scientific conference themed "Contemporary diplomatic service of Mongolia--100 years" on December 15.

Ulaanbaatar, Mongolia /MONTSAME/ The Ulaanbaatar Railway Mongolia-Russia joint venture has become an official member of the International Union of Railways (UIC).

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj together with a professor Christian Welzer, a president of the World Values Surveys, have delivered reports at a sub-meeting called "Role of the education of democracy in understanding of common basis between democracy and civilizations".

Ulaanbaatar, Mongolia /MONTSAME/ A cooperation memorandum has been established in frames of a cooperation in realizing a program on supporting governance and slackening a centralization.

As Rio Tinto takes a victory lap in the international press over an arbitrator’s decision in a lengthy dispute over its Ivanhoe stake, Ivanhoe Minerals hasn’t conceded defeat.

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj has underlined that the Qatari great experience in development, gained thanks to right distribution of revenues from natural reserves, is a good example for Mongolia.

Global coal demand will continue to expand “aggressively” over the coming five years, the International Energy Agency’s (IEA’s) inaugural ‘Medium-Term Coal Market Report 2011’ states, while also warning that infrastructure bottlenecks and an expected shift to poorer quality deposits could place upward pressure on costs and prices.

The parliament of Mongolia has passed a new electoral law. If the Constitutional Court would not veto it, the next parliamentary election in 2012 will be organized under a mixed voting system.

Made redundant in the City? Down-sized in New York? Fed up in Frankfurt? The Golomt Bank of Mongolia has just the job for you.

FeOre (ASX: FEO), a Mongolia-focused iron ore explorer, has performed well in its first hour of public life on the ASX with shares changing hands above it’s A$0.25 IPO price.

Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs):

BERLIN--( BUSINESS WIRE )--This week, with the support of the German Federal Foreign Office, public and private representatives from Mongolia's energy sector dealing with renewable energy and energy efficiency met educational specialists from Germany's Renewables Academy (RENAC) in Ulaanbaatar to define training needs along the value chains.

The real quantity of Mongolia's natural resources cannot yet be know.

APP announces its listing intentions and assets being injected

It has been said that the best place to look for a new mine is next to an existing mine. -- Harris Kupperman, Mining Services Primer, Nov. 10, 2009.

VANCOUVER, BRITISH COLUMBIA, Dec 14, 2011 (MARKETWIRE via COMTEX) -- Entree Gold Inc. CA:ETG -9.17% EGI -5.36% (frankfurt:EKA) ("Entree" or the "Company") recently completed its 2011 exploration program on the Company's 100%-owned portion of the Shivee Tolgoi mining licence ("Shivee West") in Mongolia.

B.Batjargal, the head of the Budget Policy Board of the Finance Ministry and the head of the Representative Managing Council of the Development Bank (DB), answered our correspondent’s questions about the DB’s recent activity.

On Tuesday, the Standing Committee on State Structure discussed a draft election law after the MPP and DP caucuses reached an agreement on the proposal.

The MPRP recently established a Women’s Union, and members have announced the results of their first assembly.

Mayor G.Munkhbayar received the American lawyer Jonathan Greenberg on Tuesday.

On Tuesday, the Standing Committee on Security and Foreign Policy discussed establishing diplomatic relations with Malawi, South Sudan, and Samoa.

A meeting about increasing Mongolia’s meat exports was held at the Mongolian National Chamber of Commerce and Industry on Tuesday.

The Standing Committee on Nature, Environment and Agriculture discussed a draft law on food on Wednesday.

Ulaanbaatar, Mongolia /MONTSAME/ In the first 11 months of 2011, the total industrial output increased by MNT 175.4 billion or 10.4 per cent to MNT 1,860.9 billion, at the 2005 constant prices, against the previous year.

Ulaanbaatar, Mongolia /MONTSAME/ Paying an official visit to Japan, the Parliament Speaker of Mongolia D.Demberel has been received by His Highness Akihito, the Emperor of Japan, and the Empress Michiko.

In the first 11 months of 2011, Mongolia traded with 123 countries from all over the world, and total external trade turnover reached USD 1,0271.2 million, of which exports made up USD 4,303.9 million and imports made up USD 5,967.3 million.

Ivanhoe Mines Ltd., building the Oyu Tolgoi in mine in Mongolia with its largest shareholder Rio Tinto Group (RIO), said an arbitrator ruled in favor of Rio in a dispute about its holding.

CNR Dalian has completed five 1520 mm gauge diesel locomotives for export to Mongolia, its second delivery to the country.

Al Ain: It was a rare scene at the falconry festival as a horse-mounted Mongol sprinted across the Arabian desert with a mighty brown eagle perched on his wrist.

As Rio Tinto takes a victory lap in the international press over an arbitrator’s decision in a lengthy dispute over its Ivanhoe stake, Ivanhoe Minerals hasn’t conceded defeat.

Prime Minister Nguyen Tan Dung received US Deputy Secretary of State William Burns and Secretary of the Mongolian National Security Council (MNSC) Tsagaandari Enkhutuvshin in Hanoi on Dec. 13.

As the world shifts away from the business of recycling plutonium-based nuclear fuel, the construction of facilities to handle nuclear waste remains a nagging issue.

FeOre (ASX: FEO), a Mongolia-focused iron ore explorer, has been admitted to the ASX today following a successful initial public offer of up to 140 million shares at A$0.25 to raise up to $35 million.

TOKYO (Kyodo) -- Japanese Prime Minister Yoshihiko Noda and visiting Mongolian parliament speaker Damdin Demberel agreed Tuesday to accelerate efforts to start talks toward a free trade agreement, the Foreign Ministry said.

BEIJING, Dec. 13 (Xinhua) -- Chinese State Councilor and Minister of Public Security Meng Jianzhu held talks Tuesday with his Mongolian counterpart and pledged to enhance cooperation on law enforcement between the two countries.

HA NOI — Prime Minister Nguyen Tan Dung separately received US Deputy Secretary of State William Burns and Secretary of the Mongolian National Security Council Tsagaandari Enkhutuvshin in Ha Noi yesterday.

Dec. 13 (Bloomberg) -- Rio Tinto Group, the world's third- biggest mining company, said it won't seek full control of Mongolian project partner Ivanhoe Mines Ltd. after an arbitrator ruled in its favor in a shareholding dispute.

The Food, Trade and Service Department of the Mayor’s Office is making preparations for this winter’s meat reserve.

While attending the fourth annual forum of the United Nations Alliance of Civilizations in Doha, President Ts.Elbegdorj met with UN Secretary General Ban Ki-moon on Monday.

The Office of Small and Middle Enterprise is organizing an exhibit at Independence Square in February 2012.

Speaker D.Demberel is visiting Japan at the invitation of the Speaker of Japan’s House of Councilors.

The National Committee of Ulaanbaatar Air Pollution Reduction held its regular meeting on Monday and officials discussed implemented projects.

On Tuesday, Ulaanbaatar city officials received the first bus designed by Mongolian engineers.

DP caucus chairman Ch.Saikhanbileg told our correspondent that the DP and MPP caucuses are close to an agreement on a disputed issue of the draft election law.

Ulaanbaatar, Mongolia /MONTSAME/ An intergovernmental agreement on the cooperation in the defense sector has been established between Mongolia and the Federal Republic of Germany (FRG).

Ulaanbaatar, Mongolia /MONTSAME/ In conjunction with the 78th birth anniversary of His Imperial Majesty the Emperor, the Embassy of Japan in Mongolia has given a reception in the "Ikh tenger" complex.

Ulaanbaatar, Mongolia /MONTSAME/ Attending the Bali Democratic Forum, held on December 8-9 in Indonesia, a special representative and ambassador of Mongolia S.Badral has held a bilateral consultative meeting with A.M.Fakir, a director of the Information and Public Diplomatic Department of the Indonesian Foreign Ministry, and another official from this department Kusuma Habir.

Ulaanbaatar, Mongolia /MONTSAME/ The National Development and Innovation Committee of Mongolia and Poland's Ministry of Regional Development established a memorandum of mutual understanding on regional cooperation on December 9 in Warsaw, Poland.

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj met on Monday Mr. Heinz Fischer, the president of the Republic of Austria and shared views on the bilateral relations and cooperation, at the 4th forum of United Nations Alliance of Civilizations (UNAOC) in Doha, Qatar.

An exhibition celebrating the 100th anniversary of the Outer Mongolian Revolution of 1911 opened it’s doors to the general public today in the National Museum.

The Prime Minister of Mongolia S.Batbold has underlined that Mongolia is adhering to priorities such as a supporting civil society organizations, widening the regional cooperation, and sharing experience with nations by making the education a core topic as for chairing the Community of Democracy (CD).

M.Choisuren, the Water Office’s water monitoring specialist, recently spoke about water issues affecting the South Gobi region.

An arbitrator cleared the way for mining giant Rio Tinto to take over Ivanhoe Mines , saying the $16 billion Canadian group’s “poison pill” defence was not valid.

Ivanhoe Mines Ltd said it received a ruling on an arbitration dispute with Rio Tinto , its largest shareholder, which will allow it to keep a shareholders’ rights plan in place until 2013.

Ivanhoe Mines Ltd., building the Oyu Tolgoi in mine in Mongolia with its largest shareholder Rio Tinto Group (RIO), said an arbitrator ruled in favor of Rio in a dispute about its holding.

Rio Tinto has won a legal stoush with its hostile joint venture partner Ivanhoe Mines, after an arbitration decision was handed down overnight.

The Bank is the largest player with the highest number of card merchants and the widest card acceptance in the Mongolian payments card sector and leads with a 60% market share of card transactions.

European Goldfields Ltd. (EGU) , a metals explorer and mine developer with projects in Greece, Romania and Turkey, reached the highest price in five months after Centerra Gold Inc. (CG) reportedly expressed interest in the company.

SEOUL -- Tourism chiefs from Southeast Asia and Mongolia have completed a project in South Korea to boost green travel in their countries.

Dec. 12 (Bloomberg) -- Canadian stocks fell, sending the country’s benchmark stock index to its lowest level this month, as commodity shares dropped after Moody’s Investors Service said it will review its ratings on all European Union countries.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) has approved a financing facility of up to $170 million for road improvements along a transport corridor in western Mongolia that will help reduce the region’s isolation and spur development in one of the country’s poorest areas.

Mongolian cashmere and garment group Gobi JSC is to invest in new equipment to improve the quality of its products and increase production capacity.

President Ts.Elbegdorj is visiting Qatar from December 10 to 12. During his visit, Ts.Elbegdorj will take part in the fourth annual forum of the United Nations Alliance of Civilizations in Doha.

The Ministry of Education, Culture and Science and Oyutolgoi LLC held a meeting on December 10 to announce the results of a memorandum of cooperation the two sides signed more than a year ago.

Defense Minister L.Bold visited the Czech Republic on December 9 to meet with his Czech counterpart, A. Vondra.

After a meeting of the DP caucus on Monday, caucus chairman Ch.Saikhanbileg told journalists that the caucus hopes the draft election law will be passed this week.

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj will chair a meeting titled "Role of the education of democracy in understanding common basis between democracy and civilizations".

Ulaanbaatar, Mongolia /MONTSAME/ Representing the government of Mongolia, the Minister of Environment and Tourism L.Gansukh has expressed a position of Mongolia at the United Nations Climate Change Conference kicked off on December 6 in Durban, the South Africa.

Ulaanbaatar, Mongolia /MONTSAME/ The number of unemployed reached 62.7 thousand at the end of November, 2011, reflecting an increase of 22.1 thousand people or 54.4 per cent against the previous year.

Ulaanbaatar, Mongolia /MONTSAME/ The national consumer price index in November, 2011 increased by 1.3 per cent compared to the previous month; increased by 8.1 per cent against December 2010; increased by 10.8 per cent against the previous year.