Mongolian Economy and Finance

Mongolia’s Mining Ministry will revise a controversial investment law to improve the country’s investment environment for foreign investors, local media said on Friday.

Mongolia’s government is reportedly preparing to amend a controversial foreign investment law passed earlier this year.

This book investigates Russian mechanisms designed to influence and attract countries in the “Common Neighborhood” (Azerbaijan, Belarus, China, Estonia, Finland, Georgia, Kazakhstan, Latvia, Lithuania, Mongolia, North Korea, Norway, Poland, and Ukraine) and beyond.

Instead of Turkey leading the post-Arab Spring Middle East, Turkish Prime Minister Recep Tayyip Erdogan is setting a new standard of intolerance.

Inner Mongolia sounds like the sort of destination that takes two days to get to by camel while following Marco Polo down a winding track.

Archaeologists have excavated about 3,500 kg of ancient coins in China's Inner Mongolia Region, Xinhua reported Sunday.

31.12.2012 06:28:01 - MR - Tavan Tolgoi-Choibalsan Railway Line - Mongolia - Construction Project Profile - a new market research report on companiesandmarkets.com

BEIJING: Archaeologists have excavated about 3,500kg of ancient coins in China's Inner Mongolia Region, Xinhua reported on Sunday.

HOHHOT, Dec. 30 (Xinhua) -- Archaeologists have excavated about 3,500 kilograms of ancient coins in north China's Inner Mongolia Autonomous Region, sources said Sunday.

A fossil dealer's guilty plea has set the stage for what is most likely the largest dinosaur fossil repatriation in history, according to an attorney representing the president of Mongolia — the country that will receive most of the fossils that federal officials are seizing from fossil dealer and preparer Eric Prokopi.

A Florida fossils dealer pleaded guilty to smuggling charges Thursday and agreed to give up a celebrated $1 million dinosaur skeleton seized by the U.S. government earlier this year for its eventual return to Mongolia.

Scores of people recently congregated at a tribal  food festival here to savour sumptuous dishesspecific to Assam.

An Australian lawyer for a Rio Tinto (ASX:RIO) subsidiary who has been detained in Mongolia since October has obtained permission from local authorities to leave the country just in time for Christmas.

Needy children in the Philippines, Peru, Panama, Mongolia and Nepal will receive Christmas presents in shoe boxes from Eastern Oregon and the Tri-Cities region.

30.12.2012 00:31:29 - New Healthcare research report from Global Research and Data Services is now available from Fast Market Research

It turns out, Mongolia was right.

The dinosaur smuggler has pleaded guilty and now faces 17 years in prison.

A fossil dealer's guilty plea has set the stage for what is most likely the largest dinosaur fossil repatriation in history, according to an attorney representing the President of Mongolia, the country that will receive most of the fossils that federal officials are seizing from fossil dealer and preparer Eric Prokopi.

A freezing blizzard pummeled the Xilin Gol area of China 's Inner Mongolia Autonomous Region on Saturday morning, severely affecting road traffic.

Ministry of Road and Transportation informed at a recent press conference that they have received a detailed cooperation proposal including a quote from the contractor to build the new airport in Ulaanbaatar.

The government has transferred MNT 29.4 Billion as incentive payments to 103,000 individual herders, who produced 14,700 tons of wool in 2012.

Beren Mining, a subsidiary company of Beren Group, has announced that it will issue an initial public offering for 30% of its shares within the first quarter of next year.

Tomorrow is the 101st Anniversary of the Mongolian National Revolution of Freedom day. 

Winter is upon us, which means that cashmere sweaters—a staple of holiday gift-giving and cold-weather fashion—have returned to store shelves.

Beijing (AsiaNews) - The former head of the Communist Party in Inner Mongolia has been sentenced to life imprisonment for taking bribes that have led to pollution of the Mongolian steppe and the oppression of Mongolian herders.

The Beidou, or compass, system started providing services to civilians in the region on Thursday and is expected to provide global coverage by 2020, state media reported.

Beijing (AsiaNews / Agencies) - The satellite navigation system Beidou ("Big Dipper") has begun to release data for commercial use throughout the Asia-Pacific region, in strong competition with the U.S. system GPS (Global Positioning System).

Perhaps there are some illegal items you could sneak past officials in order to sell them in the U.S., but advertising some really great dinosaur skeletons and fossils you’re ready to unload for the right price, well,that’ll likely get you snagged right quick.

Korea’s top hospitals are training doctors from developing Asian countries, who are increasingly choosing them as their preferred destinations for acquiring advanced medical skills.

During Saturday`s Cabinet meeting the issue of importing workforces in 2013, and the proportion of qualified personnel among them and extension of workforce agreements for large construction projects and programs was discussed.

During Monday`s Government cabinet meeting it was decided that the Disaster Security Office, a part of the Public Administration Organization, will be restructured.

The Minister of Human Development and Social Welfare, S.Erdene, announced that elderly and disabled people in the country will receive the remaining 340,000 MNT from the one million MNT allocated to them from the Human Development fund from December 24.

The State Specialized Inspection Agency is expected to be dismantled and the new offices will be moved to districts.

The Board of Directors of Erdenes Oyu Tolgoi LLC held a meeting to discuss the action plan for 2013 and to discuss the new CEO appointment for the company on December 25th.

News.mn named E.Bat-Uul, the Governor of Capital City and Major of Ulaanbaatar, as “Person of the year”.

In today`s Parliamentary plenary session meeting, MPs discussed the appointment of M.Enkhbold as Deputy Speaker and approved the proposal with 89.8 percent of the vote.

The Ministry of Mining announced that Parliament is to make changes to the Law on the Regulation of Foreign Investment in business entities operating in sectors of strategic importance (Strategic Investment Law) that was passed last May.

L.Bold, the Minister for Foreign Affairs congratulated the President of the Liberal Democratic Party (LDP) Shinzo Abe on his election as Japan`s 96th Prime Minister.

The Mongolian Stock Exchange sold 348,440 shares from 23 companies worth 76,169,020 MNT during 4,374th trading day.

B.Batchuluun, the frontman of “Niciton” rock band has been awarded with the title of Art Laureate figure along with D.Ariunbold, the director of New Generation Production who was awarded with the title of State Laureate Artist at 11:40 am at the State Palace in accordance with a presidential decree.

A local daily newspaper reported that there are some changes to the rules governing border check-points and the regulations between Mongolia and China and intergovernmental negotiations.

The Central Bank of Mongolia has completed financial backing for meat price stabilization and the meat reserve program.

Mongolia, sitting on vast resources of mineral wealth, is at last beginning to realise the potential that has been talked about for many years as more of its resources come to market.

© companiesandmarkets.com 28.12.2012 20:41:54 - LDK - Hohhot Polysilicon Manufacturing Plant Expansion - Inner Mongolia - Construction Project Profile - a new market research report on companiesandmarkets.com

28.12.2012 04:14:25 - New Consumer Goods research report from Global Research and Data Services is now available from Fast Market Research

Glenavy's dairy factory has got another lease of life.

China's top rare earth producer announced Friday it will gain control of 12 other firms in the sector, making its first move to form a megacompany.

China's top rare earth producer announced Friday it will gain control of 12 other firms in the sector, making its first move to form a megacompany.

The Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, China's largest rare earth producer, signed an integration agreement with 12 rare earth producers in Inner Mongolia autonomous region on Thursday.

Plans by a Chinese dairy firm to invest more than $200 million in building an infant formula plant could mean more jobs in South Canterbury.

Federated Farmers says the likely sale of Oceania Dairy to China's largest dairy producer by market value should be good news for farmers looking to get the best price for their milk.

Inner Mongolia Yili Industrial Group, a China-based dairy company, plans to invest $214m to set up an infant formula facility in South Canterbury and as part of this strategy, it is set to buy New Zealand-based Oceania Dairy Group.

A Gainesville fossils dealer pleaded guilty in New York on Thursday to smuggling charges and agreed to give up a celebrated $1 million dinosaur skeleton seized by the U.S. government earlier this year for its eventual return to Mongolia.

NEW YORK — A Florida fossils dealer pleaded guilty to smuggling charges Thursday and agreed to give up a celebrated $1 million dinosaur skeleton seized by the U.S. government earlier this year for its eventual return to Mongolia.

This is an update of a “ Street Sweeper ” column that originally ran on June 20, 2012.

The World Uyghur Congress, UNPO and the Society for Threatened Peoples are organizing a conference in Geneva on March 11-13, 2013, looking at rising tensions within China and providing proposals for resolving those peacefully.

China's Inner Mongolia Baotou Steel Rare-Earth Group (BSR, 600111.SH), one of the largest producers of rare earth minerals in the world, announced Thursday that it has signed agreements with 12 Inner Mongolia-based upstream rare earth enterprises and their shareholders, which indicates the company has started to integrate rare earth resources in northern provinces.

Eric Prokopi smuggled dinosaur bones into US pretending they were from lizards 'and other reptiles' Father-of-two - who ran business selling fossils - faces up to 17 years in prison Commercial paleontologist was described as 'a one-man black market in prehistoric fossils'

The description accompanying Lot 49315 at Heritage Auctions in May was striking: a “superb Tyrannosaurus skeleton,” a remnant of a vanished animal that “ruled the food chain of the ancient flood plains that are today’s Gobi Desert.”

A Florida-based man accused of smuggling 70-million-year-old dinosaur skeletons, including a Tyrannosaur, into the United States pleaded guilty in court yesterday.

A fossil dealer has pleaded guilty to illegally removing a dinosaur skeleton from Mongolia—where the fossils are the property of government—that he tried to auction for $1 million.

Since its establishment, the Dream Theatre has proven that it is one of the best of its kind.

The President of Mongolia Ts.Elbegdorj spent the longest night of the year in the tent of reindeer herder family, the minority of the Mongolian nationality.

The Ulaanbaatar City Mayor, E.Bat-Uul, and the Minister of Nature, Environment and Green Development, S. Oyun, have signed a Memorandum of Understanding agreeing to cooperate in implementing the 2013-2016 Action Plan, which aims to ensure a secure and healthy environment for citizens of Ulaanbaatar, and they agreed to consider the importance of the environment in urban planning and in infrastructure construction.

The Fair Competition and Consumer Protection Authority announced on Monday that the fuel prices are going to increase by 50 MNT, this despite the soft loans issued by the Mongolbank to stabilize petroleum prices.

Over 70 chess players, including six Grand Masters, 19 FIDE masters, and more than 20 sports masters and sub masters have competed in the Chin Van Handdorj rapid chess tournament, which was named after Mongolia’s first Minister of Foreign Affairs.

By Paul Sullivan, Georgetown University

1 For not Mongolian readers: There is a very well-known Mongolian poem about an old, mountain male goat (ibex) that stands on the edge of a very high cliff in the Altai Mountains, his final station.

The entertainment industry has been fighting copyright infringers for a quite a long time now and as we know the ongoing fight went “online.”

The following is a short interview from Unuudur Newspaper with a student from the Music and Dance College of Mongolia -B.Tuvshinzaya.

Yellow, pink, blue and red…..sunflower, peony, thistle and tulip…

The roads along the suburbs of our capital city have been lagging behind in terms of repair and cleaning since the Maintenance Service Companies were privatized. Below is an interview with D.Enkhsaikhan, the Director of the City Maintenance Authority (CMA), Ulaanbaatar Governor Service.

A leading international relations expert says open warfare could break out between China and Japan in 2013.

Global copper ore treatment and refining charges (TC/RCs) for annual contracts are likely to rise in 2013 but talks about new year deals are making slow progress, Europe’s biggest copper smelter Aurubis said on Friday.

Vietnam’s biggest fund manager is betting the cheapest stocks in Southeast Asia will extend gains as the economy recovers from the slowest growth in 13 years.

NEW YORK (CBSNewYork) – A Florida man has pleaded guilty in Manhattan federal court to smuggling dinosaur fossils into the U.S.

NEW YORK — A Florida fossil dealer pleaded guilty to smuggling charges Thursday and agreed to give up a celebrated $1 million dinosaur skeleton that was seized by the U.S. government earlier this year for eventual return to Mongolia.

NEW YORK (AP) — A Florida fossils dealer pleaded guilty to smuggling charges Thursday and agreed to give up a celebrated $1 million dinosaur skeleton seized by the U.S. government earlier this year for its eventual return to Mongolia.

On December 24, I issued a buy signal article regarding Mongolian stocks, including Turquoise Hill Resources ( TRQ ) and SouthGobi Resources ( SGQRF.PK ).

TSOGTSETSII, Mongolia — After years of testy debate, Mongolia broke ground this spring for a railroad that will haul coal across the pebbled Gobi desert to China, but with one costly condition.

ULAN BATOR, Dec. 26 (Xinhua) -- Mongolian President Tsakhia Elbegdorj says his country should respect the Oyu Tolgoi copper-gold deposit agreement reached between the government and foreign investors and create a better investment environment.

ULAN BATOR, Dec. 27 (Xinhua) -- Anglo-Australian mining group Rio Tinto commissioned its largest copper concentrator to the gold-copper deposit Oyu Tolgoi in the southern Gobi region in Mongolia on Thursday.

Chinese dairy firm Inner Mongolia Yili Industrial Group plans to spend $214 million building an infant formula plant in South Canterbury in a deal that will see it take over Oceania Dairy Group.

Dec. 27 (BusinessDesk) - Chinese dairy firm Inner Mongolia Yili Industrial Group plans to spend $214 million building an infant formula plant in South Canterbury in a deal that will see it take over Oceania Dairy Group.

PHNOM PENH, Cambodia — Investors started poking around for deals here five years ago, as the war-torn country began to move past its legacy of genocide and coups.

Executive search services. I joined Mongolia Talent Network straight after graduating from university.

According to the Inner Mongolia Coal Industry Bureau, Inner Mongolia Autonomous Region, the country's largest coal producer, saw its coal imports rise by 16.15% year on year to 20.62 million tonnes in the first eleven months, almost close to last year's total import volume of 20.70 million tonnes.

During the cultural summit that took place in recent days, the officials were discussing that there is insufficient partnership between cultural and commerce people in Mongolia.

JOB LOCATION Ulaanbaatar

It's no surprise to say that UAA has a diverse and international student population. Athletic achievements among its Kenyan runners and European skiers make headlines.

LAWYER Sarah Armstrong flew home to the Coast last night from Mongolia, which had barred her from leaving for two months.

ULAN BATOR, Dec. 26 (Xinhua) -- Mongolian President Tsakhia Elbegdorj says his country should respect the Oyu Tolgoi copper-gold deposit agreement reached between the government and foreign investors and create a better investment environment.

The Dream Theatre was established on November 17, 2011 on the occasion of 80th Anniversary of Mongolian Drama.

The Mongolian Puppet Theatre is to perform the Mermaids puppet play for children as a New Year`s gift on December 22nd.

Elderly people and handicapped people will receive 340,000 MNT free allowance.

At the end of the year professional press bodies traditionally award people and particular event of the year with titles.

The Authority for Fair Competition and Consumer Protection (AFCCP) announced that the fuel price per litre is to increase by 50 MNT.

The Ministry of Justice is discussing the issue whether to extend night club closing time until 04:00 am.

Prophecy Coal (PRPCF / PCY.TO) is trying to make a go of the resource sector in Mongolia.

There’s good news for birdwatchers this season. A team of ornithologists and forest officials has spotted rare newcomers at Pulicat lake.

LOS ANGELES (MarketWatch) — Strong gains surfaced in the few Asian stock markets open Tuesday for Christmas, with Tokyo jumping on a weakened yen, and Shanghai rallying on a sharp advance for realtors and banks.

CHINA'S largest rare earths producer yesterday announced that it will continue to halt some of its production for a third month to help stabilize tumbling prices.

Edited and translated by Gao Yinan, People's Daily Online

Edited and translated by Ye Xin, People's Daily Online

Heavy snow has been battering Xilin Gol grassland in north China's Inner Mongolia Autonomous Region, causing anguish for more than eight million farmers and herdsmen.

One lesson Liu Yunshan learned more than 30 years ago remains as he is elevated to the top leadership of the Communist Party of China (CPC).