Wednesday, February 29, 2012

Prophecy Coal Celebrates TSX Listing by Opening the Market With Special VIP Guests, Including the Mongolian Ambassador to Canada, and Exclusive Reception to Follow

VANCOUVER, BRITISH COLUMBIA, Feb 27, 2012 (MARKETWIRE via COMTEX) -- Prophecy Coal Corp. ("Prophecy" or the "Company") CA:PCY -1.00% (otcqx:PRPCF)(frankfurt:1P2) is pleased to announce the Company will be holding its official TSX listing ceremony at the TMX Broadcast Centre in Toronto, Ontario on Monday, February 27th beginning at 9:00 am EST. Mr. John Lee, Chairman and CEO of Prophecy, will open the market at 9:30 am EST along with Prophecy personnel, members of the Board and senior representatives from the TMX Group.

Mongolian judo wrestlers receive four medals at World Cup events

Male and female Mongolian judo wrestlers won a combined four medals at their respective World Cups, held February 25th to 26th.

Magnitude 6.8 quake hits Siberia near Mongolia border

(Reuters) - A strong 6.8 magnitude earthquake hit Russia's southeastern and sparsely populated region of Tuva on Sunday, shaking residents near the Mongolian border from their sleep, but there were no immediate reports of injuries or damage.

Researchers find Great Wall section in Mongolia

An international expedition to Mongolia says an ancient wall made from earth and wood in the Gobi desert is part of China's Great Wall.

World Bank economic report says Mongolia still susceptible to commodity price volatility

A report released by the World Bank in February 2012 indicates that Mongolian GDP growth accelerated to 17.3% in 2011. The unemployment rate fell by 9% in 2011, and by 11% in 2010.

Laos and Mongolia look to cooperate beyond politics

Chairman of the National Assembly of Lao People’s Democratic Republic Mrs. Pany Yathotou came in Mongolia on February 25 by the invitation of the State Great Khural’s Speaker D. Demberel.

Oyu Tolgoi Copper-Gold Project in Mongolia to Start Production in Q3

The $6-billion Oyu Tolgoi copper and gold project in Mongolia is on track to meet its initial production targetted to commence in the third quarter of this year with the construction of the mine's first phase reaching 73 percent completion, owner Ivanhoe Mines Ltd. announced on Monday.

Dr. Fran Pilch: Mongolia is a country that is a laboratory of democracy

Professor of Political Science at the United States Air Force Academy, Dr. Fran Pilch arrived in Mongolia via the Fulbright Scholarship Program. Below is her interview translated from “Unuudur” newspaper.

Tuesday, February 28, 2012

Mongolia’s boom economy risks overheating

Mongolia, one of the fastest-growing economies in the world, is at risk of overheating and faces growing inflationary pressures because of a surge in government spending, the World Bank and the International Monetary Fund have warned.

Friday, February 17, 2012

J.Enkhbayar illegally dismisses officials

There are reports that newly-appointed Defense Minister J.Enkhbayar illegally dismissed several ministry officials after assuming his new post.

Would Chinese company cancel Tavantolgoi contract?

It has been reported that the Chinese company Chinalco Ltd has sent an official letter to the executive director of Erdenes Tavantolgoi LLC asking to cancel a coal-purchasing agreement.

Gasoline prices to be reduced

On January 6, petroleum importers raised gasoline prices by MNT 270 per liter, blaming the falling rate of the tugrik against the U.S. dollar for the increase.

National Security Council discusses Gobi region water issues

The National Security Council (NSC) discussed water issues affecting the Gobi region on Thursday.

Parliament goes into recess

Parliament’s autumn session went into recess on Thursday.

Women politicians announce new inter-party alliance

On Thursday, women politicians met at the Chinggis Hotel. In attendance were women MPs, deputy ministers, business owners, doctors, teachers, economists, and representatives of local settlements.

Conference addresses issues facing young people

The fifth conference of the Social Democracy Mongolian Youth Union (SDMYU) is being held at the Independence Palace, with 360 young delegates taking part.

Five political parties sign memorandum of understanding

The Mongolian People’s Revolutionary Party (MPRP), Mongolian National Democratic Party (MNDP), Republican Party (RP), Mongolian Liberal Party (MLP), and Mongolian Democratic Development Party (MDDP) signed a memorandum of understanding on Friday.


Ulaanbaatar, Mongolia /MONTSAME/ The cabinet made on Wednesday a decision to appoint O.Och as the Permanent Representative of Mongolia to the United Nations Headquarters.


Ulaanbaatar, Mongolia /MONTSAME/ The Speaker has thanked Mr. Jong IL for big efforts to widen the bilateral ties in the fields of politics, trade, economics, culture, education and the inter-citizen relations.


Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary session on Thursday passed its draft resolutions on altering the 39th parliamentary resolution on exploiting Tavan tolgoi coal deposit.

More Mongolian Music Experimentation

While Altan Urag and Jonon are certainly the most well-known folk rock bands, plenty of others are adapting traditional Mongolian instruments to more modern genres.


Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday made some decisions to improve meat supply and to regulate its sale.


Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet backed on Wednesday the results of the Mongolia-Canada fifth round table meeting that ran on December 1-2 in 2011 in Ottawa, Canada.


Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet got acquainted with a process of constructing a universities campus and then backed a plan of works to be done this year.


Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold has thanked Mr. Jong IL, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Mongolia, for his big efforts to widen the bilateral ties in the fields of politics, trade, economics, culture, education and the inter-citizen relations.


Ulaanbaatar, Mongolia /MONTSAME/ One-time benefit compensations will be given to 352 people who have lost working abilities due to accidents or occupational illnesses.


Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday discussed and backed a draft law on ratifying a financial agreement between the governments of Mongolia and the Republic of France.

CORRECTED-Mongolia coal rail plans delayed on financing issues

(Corrects Enkhbaatar comments in final paragraph of Feb 10 story. Third phase of the project will be delayed until after 2017, not first and second phases)

Learning English a big hurdle for Tsegi

Mongolia prompts visions of nomads, Genghis Khan and vast grassy steppes.

Hogan Lovells, Sullivan act as Goldman takes Mongolian bank stake

Hogan Lovells and Sullivan & Cromwell have advised Goldman Sachs on its purchase of a 4.8% equity stake in the Trade & Development Bank of Mongolia.

Mongolia's Mining Boom: Oyu Tolgoi and Tavan Tolgoi

As the world's fastest growing economy, Mongolia has the most promising untapped deposits of iron, gold, silver and coal in the world--but will it serve as a curse or a blessing?

Thursday, February 16, 2012

Peacekeepers to leave for South Sudan

A battalion of 850 Mongolian Armed Forces soldiers is preparing to take part in peacekeeping operations in South Sudan.

“Nomads Tour 2012” to be organized

The Ministry of Nature, Environment and Tourism is organizing a winter tour called “Nomads Tour 2012” for children and youth.

Parliament set to pass draft laws on courts and on rules for judges

On Wednesday, the Standing Committee on Justice discussed the final versions of draft laws on the courts and on rules for judges and voted to send the drafts to Parliament for ratification.

Government discusses “100,000 Apartments” program

At the Government meeting on Wednesday, members discussed the “100,000 Apartments” program.

Speaker’s Council discusses draft laws, recess

The Speaker’s Council met on Wednesday to discuss several issues.

Government discusses fuel prices, meat reserve

At the Government meeting on Wednesday, members discussed fuel prices. After the meeting Finance Minister D.Khayankhyarvaa informed journalists about the discussion.

Best local government leaders named

Every two years, the Union of Mongolia’s Cities and the Local Management Union select the “best leaders” in local governments.

Parliament likely to recess on Thursday

The MPP caucus met on Thursday to discuss the current situation of the state but did not release information about the meeting to journalists.

DP caucus plans to call for special session

The DP caucus met on Thursday and decided to call for a special session of Parliament to last until Tsagaan Sar to address several urgent issues.


Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary Standing committee on security and foreign policy has set up a working group after getting acquainted with activities of the Defense Ministry and the Armed Forces of Mongolia.


Ulaanbaatar, Mongolia /MONTSAME/ The parliamentary faction of the Democratic Party (DP) has decided to set up a working group in charge of the Ukhaa khudag coal deposit and of a matter on newly-discovered reserves at the Oyu tolgoi gold-copper deposit.


Ulaanbaatar, Mongolia /MONTSAME/ The Ministry of Environment and Tourism has decided to register Burkhan Khaldun Mountain and the reserved area of Daguur in the list of the UNESCO Cultural and Natural Heritage.


Ulaanbaatar, Mongolia /MONTSAME/ Researchers and scholars have considered forms and ways of realizing the Asian Partnership Initiative for Democracy.


Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador of China to Mongolia Wang Xiaolong has pointed out that the health sector is one of the important fields in the Mongolia-China cooperation.


Ulaanbaatar, Mongolia /MONTSAME/ The Principality of Monaco has decided to make a financing of EUR 125 thousand for implementing a project on improving rehabilitation therapy activities in Mongolia.

Weather or Not

Move One continues to experience success in Mongolia, despite tight deadlines, challenging security, and the freezing cold.

Rooting for Xi

The man expected to be China’s leader for the next 10 years, Xi Jinping, arrived in the United States on Monday, Feb. 13.

China Defense Budget to Double Over 5 Years: IHS

China’s defense budget will double between 2011 and 2015 and outstrip the combined spending of all other key defense markets in the Asia-Pacific region, global research group IHS said Feb. 14.

Mongolia Marks Passage of Landmark Anti-Trafficking and Corruption Legislation

As Mongolians prepare for next week’s Mongolian Lunar New Year festivities, government and non-governmental organizations are celebrating the passage of two long-awaited pieces of legislation that the Parliament of Mongolia passed in January.

Talking Coal With SouthGobi Resources’ CEO

The following in-depth interview was conducted by Peter Epstein with the CEO of SouthGobi Resources, Alex Molyneux.

“Mongolia will be the success story in Asia in the coming decade”

Speakers at the 2012 Coal Mongolia conference claim Chinese demand as the key to Mongolia’s mining future.

Northeeast trade forum wants Sumo wrestling in Olympics

Guwahati, Feb 15 (IANS) Indian state Assam is soon to join the league of countries demanding inclusion of Sumo wrestling in the Olympic Games. Releases News Video on Key Developments at Deloitte

Weekly news video covers news, developments and management changes relating to the world’s largest accounting firms: Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC.

Mongolia: Church slowly takes root

Mongolia, ruled by a Communist regime from 1921 to 1990, had no Catholics in 1991, according to the Fides news agency.

Steelmakers Welcome Falling Coking Coal Price Trend

Pressure may be easing for steelmakers and with it the prospects, in some regions at least, of slightly improved margins.

Rock climber injured in 50-foot fall at Joshua Tree National Park

Officials Wednesday were advising rock climbers at Joshua Tree National Park to use helmets after a San Diego man fell 50 feet and injured his head.

Mongolia as Minegolia? Paying the Price

Mineral riches beneath the arid soil of Mongolia could soon make the sparsely populated country the world’s fastest-growing economy.

Wednesday, February 15, 2012

2,500 apartments to be built beginning in March

As part of the Government’s efforts to launch its “100,000 Apartments” program before the 2012 parliamentary election, Parliament has ordered construction to begin on 2,500 new apartments in March.

Finance Minister meets with Development Bank officials

Finance Minister D.Khayankhyarvaa received managing officials of the Development Bank (DB) on Tuesday to discuss the bank’s activities.

Parliament discusses draft education laws

On Tuesday, Parliament discussed the first versions of draft laws on education and on higher education.

Conference addresses working conditions at Narantuul Market

The Ministry of Social Welfare and Labor and the Women’s United Association (WUA) group “National Harmony” jointly organized a conference aimed at improving working conditions for vendors in open markets.

Khan-Uul district delegation visits Ereen, Inner Mongolia

The Khan-Uul district has had a cooperative agreement with the city of Ereen in Inner Mongolia since 2002.

N.Luvsanjav: 2,500 voting machines needed for election

On Wednesday, the Standing Committee on State Structure discussed the first version of a draft law to exempt electronic voting machines purchased by the state from customs taxes and the VAT.

MP: All Tavantolgoi companies should share their profits with citizens

MP E.Munkh-Ochir says all companies doing work at the Tavantolgoi mining project should share their profits with citizens.

Second “Miner & Supplier” forum to be held

The NGO Mineral Resources and Mining Exchange is holding its second “Miner & Supplier” forum at the Chinggis Hotel on March 15 and 16.

New transportation minister tours sites

The new Road, Transportation and Urban Development Minister, Ts.Dashdorj, inspected the facilities of the Civil Aviation General Authority (CAGA) and the Railway Managing Office (RMO) on Tuesday.


Ulaanbaatar, Mongolia, /MONTSAME/ A trade exhibition-fair "Made in Mongolia" will be run in Irkutsk city, the Russian Federation, on 1-4 March of 2012 for the first time.


Ulaanbaatar, Mongolia /MONTSAME/ The very first session of the Partnership for Women's Oraganizations at the political parties of the State Great Khural will take place on Thursday in the Chingis Khaan hotel.


Ulaanbaatar, Mongolia /MONTSAME/ A forum called "Mongolian brand around the world 2012" will be held on February 16.


Ulaanbaatar, Mongolia /MONTSAME/ By first one month of this year, total revenue and grants of the General Government Budget (GGB) amounted to MNT 325.8 billion and total expenditure and net lending amounted to MNT 260.0 billion.


Ulaanbaatar, Mongolia /MONTSAME/ In January 2012, Mongolia's total external trade turnover reached USD 735.2 million by making trade with 94 countries from all over the world.


Ulaanbaatar, Mongolia /MONTSAME/ In January 2012, the total industrial output increased by MNT 8.3 billion or 5.7 per cent to MNT 154.8 billion (at 2005 constant prices) against the previous year.


Ulaanbaatar, Mongolia /MONTSAME/ In January of 2012, 1,733.8 thousand tons freight and 293.7 thousand passengers--at a duplicated number--were carried by railway transport.

The Best Rare Earth Stocks for 2012 Are Revealed In The Recent Absolute Wealth Newsletter

The recent Absolute Wealth newsletter talks about how to trade the markets, and discusses that there are rumours of one of the world’s rare earth producers losing its ability to export rare earths because of environmental concerns.

Mongolia And Coal: The Country's Potential And Regional Energy Demand

Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west.

TT CEO unfazed by delays An interview with Erdenes Tavan Tolgoi CEO, B. Enebish

A Government Assembly meeting was held regarding TT’s nominal value stocks that are in its 39th Protocol.

Mongolia leads coking coal exports to China in 2011

Mongolia has overtaken Australia to become China’s largest coking coal supplier in 2011 due to rapid ramp up of its coal production and competitive coal export prices.

Copper down for third day in a row

Copper rolled losses into a third straight day on Tuesday, hit by weaker-than-expected US retail sales data, persistent concerns about European debt, and scant Chinese purchases that may keep the market on its back foot in the days ahead.

Mongolia - FMD confirmed

Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south,east and west.

Mongolia - FMD confirmed

Outbreaks of FMD in Mongolia affect domestic sheep, goats, camels, and cattle as well as Mongolian gazelles.

Sale of reserve meat in disarray

Prime Minister S. Batbold has given city officials an order to sell bulk meat to medium and low-income households.


Ulaanbaatar, Mongolia /MONTSAME/ A Vice Speaker and head of the State Commission on Management and Organization Rehabilitation of Politically Repressed N.Enkhbold granted on Tuesday certificates of honor to some people.

Mongolian ethnic music look towards future with two day concert

Mongolian Honored Artist D.Sosorbaram has organised an ethnic music concert to be held on February 18-19 at the Mongolian Labor Union Cultural Center.

Nova Resources Limited Acquisition of 30% of Nova Mongolia Corp Pte Ltd

RNS Number : 4027X
Nova Resources Limited
14 February 2012
Nova Resources Limited
("Nova" or the "Company")

Tuesday, February 14, 2012

Small- and medium-sized businesses showing their goods

The Government has declared 2012 a year of supporting households, and, in line with that, the Ulaanbaatar Administration has prepared a program called “Citizen Participation and the Year of Supporting Households.”

”Parliamentary, local elections must be held at same time”

The DP caucus discussed two issues on Monday: amendments to the law on local elections and mining at the Tavantolgoi project.

Standing committees approve USD 15 million loan to fight pollution

The Standing Committees on Budget and on Economics held a joint meeting on Monday to discuss a proposed agreement between the Government of Mongolia and the World Bank’s International Development Association (IDA) to reduce air pollution in Ulaanbaatar.

New ambassadors approved by Standing Committee

The Standing Committee on Security and Foreign Policy discussed the appointment and resignation of ambassadors on Monday.

PM asks UB officials to reserve more meat

On Monday, Prime Minister S.Batbold visited markets where meat from the state’s meat reserve is being sold.

Parliament discusses elections, Tavantolgoi shares

Parliament on Tuesday discussed two competing draft laws on local elections, one that would have local elections held the same day as the parliamentary election, and one that would have local and parliamentary elections held separately.

Standing Committee discusses USD 20 million loan agreement

On Monday, the Standing Committees on Budget and on Economics jointly discussed a proposed USD 20 million (JPY 1.5 billion) loan agreement between the Government of Mongolia and the Japanese Organization for International Cooperation.

Ministry ratifies listing of mineral resource reserves

The Ministry of Mineral Resources and Energy has ratified “Hard Minerals and Resources Reserve Category of Mongolia” and “Rules to Use Category of Hard Minerals and Resources of Deposit Mine Reserves” in accordance with Order No. 022 of the Mineral Resources and Energy Minister on January 19, 2012.


Ulaanbaatar, Mongolia /MONTSAME/ Last year, the Gross Domestic Product of Mongolia (GDP) reached MNT 10,829.7 billion at current price, increasing by 19.8 per cent in the first quarter of 2011.


Ulaanbaatar, Mongolia /MONTSAME/ The national consumer price index in January of this year increased by 2.8 per cent against the previous month.


Ulaanbaatar, Mongolia /MONTSAME/ The faction of the Democratic Party (DP) discussed on Monday a draft amendment to the law on local election and matters on exploiting the Tavan tolgoi coal deposit.

Moody’s shifts outlook for UK and France

Moody’s put the UK, France and Austria on negative outlook late on Monday night, raising the prospect that the three countries would lose their triple A ratings due to exposure to the eurozone debt crisis.

Mongolian Luck, How Mongolia could become the Norway of Central Asia

“To Search for the Hermit and Not to Find Him” is the title of an old Chinese poem from Jia Dao, an author from the Tang Dynasty.

Rio Tinto loses appeal on worker agreements

Mining giant Rio Tinto has lost a bid to appeal to the High Court over an employment agreement with its Pilbara iron ore workers.

SouthGobi Resources Successfully Commissions Dry Coal Handling Facility at Its Ovoot Tolgoi Mine in Southern Mongolia

HONG KONG, CHINA — SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announced today the successful commissioning and startup of the dry coal-handling facility ("DCHF") at its Ovoot Tolgoi coal mine in southern Mongolia.

Tracking the snow cat

Thomas McCarthy, director of the snow leopard programme for the conservation group Panthera, has spent nearly two decades crisscrossing the Himalayan plateau to study a magnificent, densely furred, rosette-stenciled cat that may well be the world’s most reliable no-show.

Inner Mongolia Coal reserves reach 770 billion tonnes

Inner Mongolia Autonomous Region, China's leading coal producer discovered new coal reserves of 17 billion tonnes in 2011 bringing the total coal reserves to a record 770.3 billion tonnes.

Amid U.S.-China Energy Tension, "Clean Coal" Spurs Teamwork

When Chinese Vice President Xi Jinping visits the White House on Valentine's Day, he and President Barack Obama aren't expected to exchange words of love over energy.

Altan Urag concert draws Mongolia’s elite

Folk rock band Altan Urag took to the stage at the Cultural Central Palace on February 8 for their ‘Our Mongolia’ performance.

In the capacity crowd was the President of Mongolia, as well as several prominent Members of Parliament. The ‘Our Mongolia’ theme was evident from the first song. The group opened with the traditional folk song ‘Mother Mongolian,’ and their harmony was in perfect form.

Several other wonderful long songs were performed accompanied by the traditional instruments including the morin khuur and yoochin.

Otgontuya.B performed her long song ‘Great Mongolia,’ which was absolutely wonderful, before Altan Urag returned to finish with ‘Native Mongolia’ as song of great national pride.

Since most of the songs were well known to the audience, they enthusiastically sang along. It was a fantastic concert overall and highly recommended.

SouthGobi Resources commissions dry coal handling facility at Ovoot Tolgoi Mine

SouthGobi Resources (TSE:SGQ) (HK:1878) announced Monday it has commissioned and started-up the dry coal-handling facility at its Ovoot Tolgoi coal mine in southern Mongolia.

Mongolia leads coking coal exports to China in 2011

Mongolia has overtaken Australia to become China's largest coking coal supplier in 2011 due to rapid ramp up of its coal production and competitive coal export prices.

Mongolia Minute

All Bets on Black.

Capture growth in Mongolia with Rio Tinto

If you missed going long on the Mongolian Tugrik -- if, like most people, you've never heard of the Mongolian Tugrik -- now's your chance to make up for lost time.

Monday, February 13, 2012

Tuguldur Fund sponsors performance of Spartacus ballet

The State Academic Theatre of Opera and Ballet will perform the ballet Spartacus by Aram Khachaturian on February 18 and 19.

MPs reject proposed loan agreement with South Korea

Parliament on Friday rejected a proposed agreement for Mongolia to borrow money from South Korea’s Economic Development Cooperation Fund.

MPP gets 1,000 new members

On Friday, 1,000 citizens joined the MPP in a ceremony at the party’s Independence Palace headquarters.

DP gets 1,280 new members

1,280 people joined the DP in a ceremony at the Government House on Friday.

Standing Committee discusses draft laws on courts, judges, lawyers

On Friday, the Standing Committee on Justice discussed draft laws on the courts, on rules for judges, and on rules for lawyers.

Parliament to recess on Tuesday

Speaker D.Demberel has ordered Parliament to go into recess on Tuesday.

High-ranking officials declare their income

In accordance with the law on anticorruption, high-ranking government officials are required to declare their 2011 property holdings and incomes to the Anti Corruption Authority (ACA) by February 15.

Best morin khuur songs to be performed

The organizers of the 25th annual Morin Khuur Festival announced on Monday that the best songs of the festival will be performed at the Culture Palace on February 18.

50,000 households using low-smoke stoves

The Clean Air Project of Millennium Challenge Account – Energy and Environment Project is working to reduce air pollution of Ulaanbaatar by making buildings more energy efficient, by improving insulation in Ger district homes, and by promoting the use of energy efficient stoves.


Ulaanbaatar, Mongolia /MONTSAME/ Khentii aimag's Bor-Ondor baga (smallest administrative unit in localities) has become Bor-Ondor soum.


Ulaanbaatar, Mongolia /MONTSAME/ On Friday, the parliamentary session passed a draft law on credit guarantee and related top it laws after final discussions.


Ulaanbaatar, Mongolia /MONTSAME/ Last week, the Troika of the Community of Democracies expresses concern about the increasing crackdown on civil society in Egypt.


Ulaanbaatar, Mongolia /MONTSAME/ This January, 6,015 mothers delivered 6,033 children (live births), showing an increase by 852 mothers or 16.5 per cent, and by 843 children or 16.2 percent against the previous year.


Ulaanbaatar, Mongolia /MONTSAME/ In January of 2012, 115.6 thousand people got insured, 68.8 thousand or 59.5 per cent of them were from establishments, and 46.8 thousand or 40.5 per cent from government budgetary organizations.


A policy discussion called “Mongolian economic forum 2012” will be held on March 5-6.

Is China ripe for a revolution?

One hundred years ago, on Feb 12, 1912, the six-year-old child emperor of the Qing Dynasty abdicated, ending more than 2,000 years of imperial rule in China.

HK's Winsway moves closer to $1 bln Grand Cache deal

* HK-listed Winsway to put Grand Cache bid to vote on Feb. 28
* Winsway, Marubeni secure $400 mln loans to fund buy

Bit of a squeeze in Ulan Bator

While the rest of the world talks about monetary easing, in Mongolia, the resource-rich nation of 3m, there is a credit crunch.


India has decided to add scholarships of its government for the Mongolian students in the academic years of 2012-2013.

Chinalco to Build 500,000 Ton Aluminum Project in Erdos: News

Aluminum Corp. of China signed a framework agreement with the local government of Erdos in Inner Mongolia region to build an integrated 500,000 metric ton aluminum project, the Erdos Daily reported on Feb. 11.

In Pursuit of Innovative Products

What makes developed countries richer than others?

The Infrastructure Stumbling Block

Mongolia’s infrastructure was a key point of discussion at the conference, with a lack in transport, mining equipment and water technologies being offered up as prime investment ventures in a country critically under resourced.

Woman, 27, Mongolia: Afraid she is too old to break up with boyfriend

I have been in a relationship with a guy for about six years. But we don't live together and still act like a new couple.

City set for sumo battle

GUWAHATI: For the first time in India, five champion sumo wrestlers will be seen slugging it out on one single stage at the sumo wresting exhibition scheduled to start on Monday at the ongoing 19th International Guwahati Trade Fair (IGTF) 2012.

Tour Diary: Canasta in Mongolia - Day 4 - Dining Options

The latest update comes from Canasta keyboardist/pianist Ryan Tracy.

Domestic producers showcase goods at Made in Mongolia Exhibition

The Made in Mongolia exhibition at the Misheel Expo Center opened on Thursday, February 9 and will run until February 13.

Mongolia: Hunting With Altai Eagles (First of Five Parts)

MANILA, Philippines — Clawing my way up the crags as I dangled 10,000 feet over the frozen steppes of Kharijarik in the Altai Nuur — the Mountains of Gold in Bayan Ulgii, I braced myself against gale-force winds that threatened to peel me off the rock face.

Mongolia coal rail plans delayed on financing issues

Feb 10 (Reuters) - Mongolia's ambitious plan to build a railway network capable of delivering its surging coal output to foreign markets is likely to be delayed as a result of financing difficulties and bureaucratic deadlocks, government officials said on Friday.

Tour Diary: Canasta in Mongolia - Day 5 - Drums

Canasta's drummer, Brian Palmieri, offered up the final tour diary entry from Mongolia before the band headed for the plane yesterday.

“Coal Mongolia 2012” exhibit opens

An exhibit has opened at the SS convention center as part of the “Coal Mongolia 2012” international investment forum taking place there.

More geese collared in Mongolia seen at Paradgaon

NAGPUR: After the NU collared bar-headed goose being sighted near Paradgaon lake on Umrer road for the last four years, three more such geese were spotted near the lake.

Mongolia: Investing in health

As Mongolia sits on the verge of a resource-related boom, government officials are stressing that the Human Development Fund (HDF) established to channel revenues from mining projects to health and education is fulfilling its role.

Friday, February 10, 2012

MPs submit draft law to exempt voting machines from taxes

A group of MPs headed by R.Bud and L.Gantumur have submitted a draft law to exempt electronic voting machines purchased by the state from customs taxes and the VAT.

D.Damba-Ochir: Large companies should support smaller businesses

Our correspondent spoke with MP D.Damba-Ochir about the conference for small- and medium-sized manufacturers that was recently held.

Conference addresses development of sports in Mongolia

A national conference on developing sports in Mongolia was held in the Government House on Thursday under the sponsorship of Prime Minister S.Batbold.

Parliament ratifies law on loan guarantee fund

Parliament on Friday approved a draft law establishing a loan guarantee fund, with 70.2 percent of MPs voting in favor of it.

DP caucus postpones Tavantolgoi discussion

The DP caucus took a recess from Friday’s session of Parliament, postponing discussion of proposed amendments to Parliament’s 39th protocol on the Tavantolgoi mining project.

International conference on Chinggis Khaan studies held

An international conference on Chinggis Khaan studies was held at the Ministry of Foreign Affairs and Trade on Thursday under the sponsorship of President Ts.Elbegdorj.

“Coal Mongolia” forum: Mongolia has 175 billion tons of coal

At the “Coal Mongolia 2012” forum on Thursday, attendees discussed current trends in coal mining, investment opportunities, coal reserves, infrastructure issues, environmentally-friendly mining, and coal processing.


Some 311 billion togrogs are required to run 598.6 km roads. About it and others was said by the Minister of Road, Transportation, Construction and Urban Development Ts.Dashdorj at a regular meeting of the cabinet on Wednesday.

Mongolia holds international conference on food safety

ULAN BATOR, Feb. 9 (Xinhua) -- Mongolia and the International Finance Corporation conducted a conference Thursday aimed at improving the country's food safety system.

Youth movement should anchor Monglia’s basketball future

In a small YMCA gym in Springfield, Massachusetts Dr. James Naismith, on a rainy day in December 1891, unknowingly created the game of basketball and what would become one of America’s biggest exports.

Beauty Saves the World

Hedwig, or ‘Heddie’ Waters, has clearly done some thorough research on her investigation into the modern beauty ideals of Mongolian society.

Newly appointed Minister oversees Mongolia’s first compressed fuel factory

A project to manufacture compressed fuel in a Mongolian factory will begin this May, despite projections that predicted production as early as January.

Dino-skin study leads to revelations

Hailed as a "first ever" discovery in dinosaur science, a Canadian paleontologist has used fossilized skin rather than bone to differentiate between two species of hadrosaurs - also known as duck-billed dinosaurs - from Alberta and Mongolia.

Illegal Immigrants: Mongolia’s Most Vulnerable Foreigners

In 2007, four Mongolians working illegally in Korea were granted citizenship after saving eleven people from a building fire.

Mongolia coal rail plans delayed on financing issues

Feb 10 (Reuters) - Mongolia's ambitious plan to build a railway network capable of delivering its surging coal output to foreign markets is likely to be delayed as a result of financing difficulties and bureaucratic deadlocks, government officials said on Friday.

Gasoline prices could be coming down

Petroleum importers increased the price of a liter of gasoline by MNT 270 on January 6.

Training on government procurement process to be held

The United Association of Employers (UAE) and the Finance Ministry are jointly organizing a training session on the government procurement process at the UAE on February 9 and 10.


Ulaanbaatar, Mongolia /MONTSAME/ On occasion of the 50th anniversary of Mongolia's Federation of Basketball (MFB), the UB Cup international tournament for basketball will take place under auspices of the Ulaanbaatar city Mayor G.Monkhbayar.


Ulaanbaatar, Mongolia /MONTSAME/ The cabinet decided on Wednesday at its meeting to temporarily appoint G.Manlaijav as a head of the Nuclear Technology Authority (NTA).


Ulaanbaatar, Mongolia /MONTSAME/ Children will be enrolled in a preventive examination and evaluated their health.


Ulaanbaatar, Mongolia, /MONTSAME/ On Thursday, a plenary meeting of the parliamentary session selected new heads of parliamentary Standing committees.


Ulaanbaatar, Mongolia /MONTSAME/ In accordance with a decision made on Wednesday by the cabinet, 8,000 small-sized tractors will exported from China.


Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister has underlined that the Mongolia-Britain relations and cooperation have been brought into a new step and that the cooperation in the macroeconomic, banking and financial sectors has been widening.


Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet on its regular meeting on Wednesday supported in principle an elaborated by J.Sukhbaatar MP draft law on amending the law on Government.

The Effect of Mongolia’s Mining Boom on the Tourism Industry

Guest Post by Tye Ebel

Fear not the ‘Glenstrata’ giant, say coal customers

Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already rely on the two for supplies of coking coal for steel and thermal for power generation.

East Asia Comments on Recent Trading Activity

TORONTO, ONTARIO — East Asia Minerals Corporation (TSX VENTURE:EAS) ("East Asia" or the "Company"), at the request of the Investment Industry Regulatory Organization of Canada (IIROC), wishes to confirm that the Company's management is unaware of any material change in East Asia's operations that would account for the recent increase in market activity.

Trafigura hedge fund targets $3 bln by year-end

(Reuters) - Galena, the fund arm of trading house Trafigura, aims to grow by almost 50 percent this year to around $3 billion (1.9 billion pounds) as opportunities abound in a choppy market for commodities and energy, the fund's head said in an interview.

Centerra boosts size of its gold resources

Feb 9 (Reuters) - Centerra Gold reported a 36 percent increase in the size of its measured and indicated gold resources on Thursday, driven by exploration success at its Kumtor mine in the Kyrgyz Republic and other projects in Russia and Mongolia.

Canadian researcher hails discovery as new 'way to approach paleontology'

Hailed as a "first ever" discovery in dinosaur science, a Canadian paleontologist has used fossilized skin rather than bone to differentiate between two species of hadrosaurs — also known as duck-billed dinosaurs — from Alberta and Mongolia.

FLSmidth gets 86 mln euro Mongolian order

Feb 9 (Reuters) - Danish engineering group FLSmidth will supply a cement plant to Mongolia for about 86 million euros ($113.98 million), the company said on Thursday.

Tour Diary: Canasta in Mongolia - Day 3, Tsetserleg

This next update comes from Canasta pianist Megan O'Connor (subbing in for Sarah Kneebone who couldn't make this trip) after a brief lag where the band was without internet access.

FLSmidth to deliver cement plant in Mongolia

Company Announcement to the Danish Financial Supervisory Authority No. 06-2012, 9 February 2012

Thursday, February 9, 2012

Movement United for Rivers and Lakes reports on its work

Officials with the Movement United for Rivers toured four soums along the Onon River from January 22 to 29.

Ulaanbaatar must cope with soil pollution, too

Much attention is paid to Ulaanbaatar’s air pollution problem, but the capital faces another environmental problem: soil pollution.

Aimag centers to be linked to capital by road

At the Government meeting on Wednesday, members received an update on efforts to link aimag centers to the capital by road.

Price Stabilizing Council delivers report

The Price Stabilizing Council delivered its latest report at the Government meeting on Wednesday.

Government offers tax breaks to small businesses

Prime Minister S.Batbold addressed a conference for small- and medium-sized businesses in the Government House on Wednesday.


Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the Standing committee on economics backed a matter on selecting R.Bud as its head by discharging the current head D.Zorigt.


Ulaanbaatar, Mongolia /MONTSAME/ Mongolians living in Washington D.C are to celebrate the Lunar New Year in several places.


Ulaanbaatar, Mongolia /MONTSAME/ On Tuesday, the parliamentary Standing committee on budget decided that the cabinet would be given a right to issue MNT 300 billion worth bonds.


Ulaanbaatar, Mongolia /MONTSAME/ At its irregular meeting on Tuesday, the cabinet discussed draft amendments to the laws on budget for 2012, on budget for social insurance fund for 2012, and amendments to the law on budget and to the 54th and 55th parliamentary resolutions of 2011.

Leverage China By Investing In Mongolia

Yes, Virginia, there is a way to leverage China. It's called Mongolia!


The Oyu Tolgoi LLC announced on Tuesday it successfully introduced consolidated health, safety, environmental management systems.

Mongol Bank won't take the rap for inflation/price gains

The Bank of Mongolia is now apparently on the defensive after facing criticism from both the Government and the public for last month's price hikes.

IMF official outlines economic risks

Steve Barnett, the Assistant Director of the International Monetary Fund's (IMF's) Office for Asia and the Pacific, has outlined four key short-term challenges and risks Mongolia will have to face as it continues toward development.

Friedland says Ivanplats to shake up platinum sector

Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.

Draig Geophysical Survey Identifies Priority Coal Drill Targets

Draig Resources Limited (ASX: DRG) (“Draig”, or the “Company”) is pleased to announce it has identified numerous Jurassic coal bearing drill targets, following a geophysical survey of two of its coal licences in the Ovorhangay province in Mongolia.

Step 1: give every kid a laptop. Step 2: learning begins?

Nicolas Negroponte, the head of the One Laptop Per Child (OLPC) project, sure knows how to get people's attention.

Forest love song of the Jurassic cricket

LONDON: A love song that carried on the wind through the ancient forests of the late Jurassic era has been reconstructed by scientists in Britain.

Air Astana set to expand central Asian network in 2012

Air Astana, Kazakhstan’s leading international carrier will be operating its growing fleet of Embraer 190s on an expanded Central Asian network in 2012.

China association denies rare earth deal with Japan

HOHHOT - An association in China's major rare earth reserve region on Wednesday denied Japanese media reports claiming that it has agreed to cooperate on mineral business with its Okinawa counterpart.

MMC begins operations at Baruun Naran

National coal miner Mongolian Mining Corp. (MMC) through its fully-owned subsidiary Khangad Exploration LLC and a team of specialists from various government agencies have begun operations at the Baruun Naran coking coal mine.

Goldman Sachs to Buy 4.8% of Mongolia’s Trade & Development Bank

Feb. 9 (Bloomberg) -- Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, will buy 4.8 percent of Trade & Development Bank of Mongolia LLC to help the lender develop as the economy expands.