Mongolian Economy and Finance

The legal forum “Fostering Inclusive Economic Growth Through Legal Reform” started its second day with the round-table discussion under the theme “Public Private Partnership”.

Ulaanbaatar, Mongolia /MONTSAME/ The State secretary of the Ministry of Foreign affairs, B.Batkhishig received Non-Resident Ambassador of the Democratic Socialist Republic of Sri Lanka to Mongolia Mr. Ranjit Uyangoda on May 31.

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold has said the 13th Sports Games of Mongolia was a test for Mongolian Olympic sportsmen.

Ulaanbaatar, Mongolia /MONTSAME/ The Deputy Premier M.Enkhbold hopes that the Prime Minister of Japan Mr. Yoshihiko Noda will visit Mongolia on occasion of the 40th anniversary of the Mongolia-Japan diplomatic relations celebrated this year.

Ulaanbaatar, Mongolia /MONTSAME/ A delegation of the Organization for Security and Co-operation in Europe (OSCE) headed by Mr. Lamberto Zannier, the OSCE Secretary-General, and Eoin Oleary, a head of the permanent mission of the Republic of Ireland that is serving as the OSCE chairperson, will pay a working visit to Mongolia on June 3-6.

Ulaanbaatar, Mongolia /MONTSAME/ A first negotiation for establishing the Economic partnership agreement between Mongolia and Japan will take place on June 4-7 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ At a regular cabinet meeting on Wednesday, the Prime Minister cautioned several high bodies against interrupting the Government's works due to the two elections.

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet members got acquainted with an implementation course of the law on banning mineral exploration and exploitation on and near riverheads, reserved areas with ponds, and with forests.

Ulaanbaatar, Mongolia /MONTSAME/ The State secretary of the Ministry of Foreign affairs, B.Batkhishig received the Ambassador Extraordinary and Plenipotentiary of Republic of Azerbaijan to Mongolia Mr. Latif Seif Addin.

VIENNA, May 31 (Xinhua) -- People in Vienna were treated to a unique cultural showcase by the renowned Wulanmuqi ensemble from Inner Mongolia's Alashan region on Wednesday and Thursday.

Officially: No, Mongolia is not a part of China.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HONG KONG, May 30, 2012 (Milbank) - Milbank, Tweed, Hadley & McCloy LLP was mentioned in The Lawyer for the largest M&A deal in the Mongolian market between 2009 and 2012.

ULAN BATOR, May 29 (Xinhua) -- President Tsakhia Elbegdorj discussed corruption and other issues Tuesday during a forum called to generate ideas for creating a legal environment that will promote economic growth in Mongolia.

[The notes below are based on conversations I've been having with Byambajav Dalaibuyan, Mendee Jargalsaikhan and Tsogtbaatar Byambaa. All foolish conclusions are mine, of course.]

Dear BCM Members,

May 28 (Mongolia Today Blog) As Ivanhoe Mines/Robert Friedland is slowly pushed out of Mongolia, the commercial relationship between Canada and Mongolia is likely to shrink.

May 28 (Fitch Ratings) - Fitch Ratings has affirmed Aluminum Corporation of China Limited's (Chalco) Long-Term Foreign Currency (FC) Issuer Default Rating (IDR) at 'BBB+' with Stable Outlook and Long-Term Local Currency (LC) IDR at 'A-' with Negative Outlook. The Short-Term FC and LC IDRs have been affirmed at 'F2'.

BEIJING, May 21 (Reuters) - The following table shows China's crude oil imports and exports as well as countries of origin and destination in April 2012, as provided by the General Administration of Customs of China.                                                    Apr                                  Year to date                                     tonnes      pct chg*      $/tonne           tonnes      pct chg*  IMPORT                                                       Crude oil                 22,262,307         3.34        901.44       92,870,435         9.32     From:                                                                  Saudi Arabia            4,379,589        14.03        909.98       18,663,003        14.01      Angola                  3,778,101        41.23         922.6       13,302,964        23.88      Russia                  1,841,994        20.25        931.61        9,013,484        64.38      Iran                    1,594,662       -2

May 30 (BCM) Please click here to see the MFAT's English Translation of the Law on the Regulation of Foreign Investment in Entities Operating in Strategic Sectors.

Registration of Mongolians who to vote for parliamentary election on June 28 closed yesterday.

The fourth session of the General Assembly of the States Parties to the Convention for the Safeguarding of the Intangible Cultural Heritage will take place from 4 to 8 June 2012 at UNESCO Headquarters, in Paris.

SEOUL, May 31 (Yonhap) -- South Korea and Mongolia signed an agreement Thursday to streamline the visa process for each other's citizens in a bid to boost people-to-people exchanges and economic cooperation between them, officials said.

The government of Mongolia and the auction house that conditionally sold a tyrannosaur skeleton are collaborating on an investigation into whether or not the fossils were taken illegally from that country.

Somewhere in the vacation slides of Canasta’s trip to Mongolia, there’s a small epiphany.

Not much is heard about Mongolia, a country north of Indonesia, so far north that when I was a child I thought it was the closest place on earth to the abode of the heavenly Gods and a place where nomadic herdsmen rode on horses at lightning speed conquering the vast empty steppes.

International forum titled “Productive growth of economy and legal reform” held on May 29-30, in Ikh Tenger, in Ulaanbaatar.

The Cabinet meeting of Mongolia which held on Wednesday decided share price of Erdenes Tavantolgoi will be MNT 933.

Ulaanbaatar, Mongolia /MONTSAME/ This year, some 23 thousand hectares will be owned by people.

Ulaanbaatar, Mongolia /MONTSAME/ A Vice Mayor of Ulaanbaatar, B.Baatarzorig received the representatives of Taipei, Taiwan, on May 30.

Ulaanbaatar, Mongolia /MONTSAME/ The State Secretary of the Ministry of Foreign Affairs B.Batkhishig has congratulated the Mongolian peacekeepers on occasion of the 10th anniversary of Mongolia's UN peacekeeping and the International Day of UN Peacekeepers celebrated on May 29.

Ulaanbaatar, Mongolia /MONTSAME/ The State Secretary of Ministry of Foreign Affairs B.Batkhishig received on Wednesday Mr. Obiols, the Non-Resident Ambassador of the Kingdom of Spain to Mongolia who has recently presented his diplomatic credentials to the State Head.

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday did not back a draft amendment to the law on social welfare for elders, drawn up by D.Ochirbat MP.

Ulaanbaatar, Mongolia /MONTSAME/ The Secretary-General of the United Nations (UN) Ban Ki-moon has delivered a message to salute the Mongolian peacekeepers on occasion of the 10th anniversary of Mongolia's participation in the UN peacekeeping operations.

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold addressed an opening ceremony of the Teachers' Development Palace on Wednesday.

Amid the Philippines-China territorial row in the Panatag Shoal, the bicameral Commission on Appointments on Wednesday confirmed the appointment of the new Philippine ambassador to Beijing, along with six other envoys to various foreign posts.

It's not even 10:30 in the morning, and I'm already holding an archaic deadly weapon in my hands.

A Tarbosaurus from Mongolia (L) is seen next to the world's largest Tyrannosaurus Rex, named Sue, is seen at the Dinosaur Expo 2005 after it's assembly was completed at the National Science Museum on March 16, 2005 in Tokyo, Japan.

Somewhere in the vacation slides of Canasta 's trip to Mongolia, there's a small epiphany.

Conn Iggulden's Conqueror isn't the kind of plot many would find easy to follow; mainly because of its connection with the history of Mongolia.

Not for distribution to U.S. newswire services or for dissemination in the United States

In October this year, 32 students from Kirkcudbright Academy, including Mairi Fisher form Spittal Farm, Creetown, will be going on an amazing expedition to Mongolia.

HALIFAX, NOVA SCOTIA, May 30, 2012 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene" or "Company") CA:ERD -3.45% , is pleased to announce results from drilling and surface prospecting at the Company's 100% owned Altan Nar (Golden Sun) property in southwest Mongolia.

Kuwait 1950. Abu Dhabi 1970. Qatar 1995. Mongolia 2012? Mongolia, endowed with vast resources and growing at 17 per cent, has a gold-rush atmosphere.

Sacha is 13 years old. He has a genetic disorder, Williams-Beuren syndrome, that causes developmental delay, cardiovascular issues and learning difficulties.

Since the beginning of time, human beings have used and consumed natural resources at their own will for their survival and desires.

The following is an interview with S. Tuul, head of the Taxation Office of the General Department of Taxation (GDT).

The Mongolian government has announced the works and establishments that were undertaken from 2008 to 2011 by the Capital City Administration.

The International rank Master of Sports, S.Bat-Erdene, who successfully climbed the roof of the world, arrived in Ulaanbaatar yesterday morning.

The Parliament of Mongolia resolved to issue new electronic ID cards to residents who lost their ID cards prior the Parliamentary and Capital City Representative Khural (City Council) Elections June 28th and who holds a reference to receive the new card.

The Constitutional Court (CC) elected a new head. Jugnee Amarsanaa elected by majority vote of the Constitutional Court members.

Ulaanbaatar, Mongolia /MONTSAME/ Indian specialists will arrive in June to launch a consrtruction of the steel industry.

Ulaanbaatar, Mongolia /MONTSAME/ Dedicated to the 40th anniversary of diplomatic ties establishment between Mongolia and Japan, the “Space technology exhibition-forum” is running on May 29-30 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ The “CAREC 2020” national seminar will run on May 31 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ The State Secretary of the Ministry of Foreign Affairs B.Batkhishig has congratulated the Mongolian peacekeepers on occasion of the 10th anniversary of Mongolia's UN peacekeeping and the International Day of UN Peacekeepers celebrated on May 29.

Tsagaandarium Gallery assistant director, Ts.Gerelmaa, has introduced a new exhibition that opens at the end of May:

The Mongols have lived with nomadic culture since the Hunnu Empire. For aeons the main livelihood of Mongolian nomads were their domestic animals.

Two of the potentially most contentious resources related to development are labor and water.

Below is an interview with principal dancer of the ‘Boston Ballet’ Company, the State Honoured Artist D.Altankhuyag. He is about to perform in Mongolia with Japanese artists of the ‘Komaki Ballet’ Company.

Aspire Mining has found a maiden 178 million ton (Mt) open pit coal reserve for its Ovoot coking coal project in northern Mongolia.

Mongolia is willing to reopen negotiations on a controversial foreign investment law after next month's parliamentary elections, the Financial Times reports Wednesday, citing Mongolia's president.

D.Batzorig, Secretary of the Automobile Division of the Mongolian Automobile Motorcycle Sports Federation, auto sports sub master spoke to the Udriin Sonin Newspaper about his tour “Bi Mongol-2012” (I am Mongolian-2012).

The opening of eight new border gates between Mongolia and China yesterday will “significantly increase” coal export capacity between the two nations, miner SouthGobi Resources Ltd. (SGQ) said in a statement today.

DALLAS (Reuters) - Dallas-based Heritage Auctions on Tuesday agreed to help the Mongolian government investigate the ownership of a rare Tyrannosaurus bataar dinosaur skeleton that Mongolian officials say may have been smuggled from that country before it was auctioned in New York earlier this month.

Nine days after an uncharacteristically exciting natural history sale , in which an auction of near-complete Tyrannosaurus bataar skeleton was forcibly interrupted by a lawyer over concerns that the bones had been looted from Mongolia, a partnership has been struck.

LAUREN MCLEOD CLAIMS TO BE THE FIRST AUSTRALIAN TO CROSS MONGOLIA'S GOBI DESERT ENTIRELY ON FOOT, BUT ARGUABLY HER BIGGEST SUCCESS CAME AFTER HOTFOOTING IT TO SAN FRANCISCO WHERE HER STARTUP HAS JUST RAISED $800,000 AND BEEN ACCEPTED INTO THE MOST PRESTIGIOUS START-UP ACCELERATOR IN THE WORLD.

The “intangible heritage of Inner Mongolia” will be at the center of attention at the celebration of the 7th annual China Cultural Heritage Day on June 9.

Ulaanbaatar, Mongolia /MONTSAME/ The General Election Commission (GEC) is registering independent candidates. 

Ulaanbaatar, Mongolia /MONTSAME/ An international scientific conference themed "Legal concept: New attitude" will run on Wednesday in the National Law Institute (NLI).

Ulaanbaatar, Mongolia /MONTSAME/ The Democratic Party (DP) has approved a list of candidates to run in the parliamentary elections through the proportional system.

PRLog (Press Release) - May 29, 2012 - Direct Liaisons were surprised today by the story of Ben Bishop, 28, who faces a huge fitness fight if he’s going to get behind the wheel to take on a 10,000-mile adventure over mountains and across deserts.

SEOUL – South Korea's antitrust regulator said Monday it has ordered Korean Air Lines Co. (003490.SE) and Miat Mongolian Airlines to correct their unfair practices in which they have colluded since late 2005 to prevent competitors from entering the routes between South Korea and Mongolia.

The government of Mongolia and the auction house that conditionally sold a tyrannosaur skeleton are collaborating on an investigation into whether or not the fossils were taken illegally from that country.

Ulan Bator. The rector of Sofia University professor Ivan Ilchev and the director of the Bulgarian Antarctic Institute professor Hristo Pimpirev have signed a memorandum of cooperation with Mongolia in the area of education and science, announced the Bulgarian Antarctic Institute.

Update at 2:30 p.m.: Just got off the phone with Jim Halperin, Heritage Auction co-chairman who confirms that the Observer is a force for peace and good in the world and that it was indeed our blog post that prompted him to reach out to Painter.

ULAANBAATAR, MONGOLIA, May 29, 2012 (MARKETWIRE via COMTEX) -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (cnsx:UTM) is pleased to announce the completion of the latest phase of its exploration program on its wholly owned 9,620 hectare Under Tolgoi license in Mongolia.

Mongolia is willing to reopen negotiations on a controversial foreign investment law after next month’s parliamentary elections, according to the country’s president.

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold attended one of the open Doors day event within the “People's government--Together with people” last weekend on the Sukhbaatar square.

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj received on Tuesday diplomatic credentials from Eugenio Bregolat-Obiols, the Non-Resident Ambassador of the Kingdom of Spain; and Ranjit Uyangoda, the Non-Resident Ambassador of the Democratic Socialist Republic of Sri Lanka to Mongolia.

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia-Taiwan business forum will run on May 31 in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Republic of Azerbaijan, Mr. Latif Seif Addin presented his credential to the President of Mongolia Ts.Elbegdorj on May 29.

Ulaanbaatar, Mongolia /MONTSAME/ On Tuesday, the President Ts.Elbegdorj received Mr. Roberto Kobeh Gonzalez, president of the ICAO Council who is with a working visit to Mongolia.

Ulaanbaatar, Mongolia /MONTSAME/ Within the 65th World Health Assembly that concluded Saturday, the Minister of Health N.Khurelbaatar was received by Dr. Margaret Chan, the Director-General of the World Health Organization (WHO).

As Ivanhoe Mines/Robert Friedland is slowly pushed out of Mongolia, the commercial relationship between Canada and Mongolia is likely to shrink.

WUHAI, China (Reuters) - As spring warms the sands of the Gobi desert in China's vast Inner Mongolia region, it's not just the local camels who are happy to see the end of a long, cold winter.

PRLog (Press Release) - May 29, 2012 - Direct Liaisons were surprised today by the story of Ben Bishop, 28, who faces a huge fitness fight if he’s going to get behind the wheel to take on a 10,000-mile adventure over mountains and across deserts.

HONG KONG, CHINA — SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) notes that eight new border gates exclusively for coal transportation opened at the Shivee Khuren-Ceke border crossing on May 28, 2012.

EXCLUSIVE: English-language film produced by Gianni Nunnari and Endgame’s James Stern will be a US-China joint venture.

Natural resources are depleting, and the depletion rate is speeding up with the fast growth of lower income countries, while the developed countries’ resource usage and environmental pollution levels are also increasing gradually. Resource constraints are threatening future growth. 

Aspire Mining has cemented its Ovoot Coking Coal Project as one of Mongolia's largest coking coal reserves with the delivery of a maiden 178 million tonne open pit coal Reserve.

HIS EXCELLENCY ELBEGDORJ TSAKHIA, PRESIDENT OF MONGOLIA, AND HERITAGE AUCTIONS, INC. JOINTLY ANNOUNCE THEIR COOPERATION IN INVESTIGATING THE ORIGIN AND OWNERSHIP OF A RARE TYRANNOSAURUS BATAAR SKELETON THAT WAS PLACED FOR AUCTION IN NEW YORK CITY, ON MAY 20, 2012.

Mongolia is entered as an observer to the Euro-Asian group to combat against money laundering and terrorist financing, informed the Ministry of Foreign Affairs.

South Korea has extended the job tenure of Employment Permit System (EPS) workers to 10 years and eight months.

ULAANBAATAR, May 28 (KUNA) -- The Kuwaiti Ambassador to Mongolia Mubarak Mohammad Al-Sehaijan met the Prosecutor General Dambiyn Dorligjav here Monday, and also met theAssistant Prosecutor General Ganzorig Gombosuren.

SEOUL (Dow Jones Newswires) – Korean Air Lines Co. (003490.SE) said Tuesday it isn't involved in any collusion with Miat Mongolian Airlines on the Incheon-Ulan Bator route, refuting allegations by the South Korean antitrust regulator.

May 28 (Mogi) Change in Director’s Interest Notice released today by Mongolian Resource Corporation Limited (ASX: MUB ) reveals the company’s Non-Executive Chairman Mr. N. Jargalsaikhan sold 6.15 million shares indirectly held by a company he is benefactor of for a consideration of A$738,000 via an off market trade on 28 May, which translates to an average price per share of 12c. MUB last traded at 13c on 24 May.

May 28, Mongolia Investment Group Limited (HK: 402 ) -- At the request of Mongolia Investment Group Limited (the “Company”), trading in the shares of the Company on The Stock Exchange of Hong Kong Limited has been suspended with effect from 9:00 a.m. on Monday, 28 May 2012 pending the issue of an announcement in relation to a very substantial acquisition of the Company.

THE GOVERNMENT OF MONGOLIA STARTED TO DISTRIBUTE MNT 330.000 FOR ELDERS AND DISABLED PEOPLE SINCE LAST THURSDAY.

(Reuters) - As spring warms the sands of the Gobi desert in China's vast Inner Mongolia region, it's not just the local camels who are happy to see the end of a long, cold winter.

· Mongolian Airlines Group is the latest airline to adopt the Amadeus suite of advanced technology solutions; Amadeus Altéa Customer Management Solution and Amadeus e-Retail online booking engine.

Korean Air has been caught by the Fair Trade Commission for obstructing rival Asiana Airlines from opening flights to Mongolia.

Mongolians who lives and studies abroad to vote for the election this year first time, according the Election law, adopted last year by the parliament.

Ts.Anandbazar, a candidate of MPP in Dornogovi and Govisumber constituency was detained by the Anti-Corruption agency on Friday (on May 25) over corruption case.

Ulaanbaatar, Mongolia /MONTSAME/ Five million yuan's equipment and techniques has been given as aid by the Ministry of Public Security of China to Mongolia's Ministry of Justice and internal affairs.

Ulaanbaatar, Mongolia /MONTSAME/ The 16th “Small- and medium-sized business's products, services and technology-2012” international exhibition will run on June 7-11 in “Misheel-expo” center in Ulaanbaatar.

Ulaanbaatar, Mongolia /MONTSAME/ The “State organizations' IT authorities and specialists” one-day ran on May 28 in State house.

Ulaanbaatar, Mongolia /MONTSAME/ On Sunday, the candidates from the Mongolian People's Party (MPP) were granted certificates by S.Batbold PM, chairman of the MPP; and U.Khurelsukh, the MPP secretary-general. The candidates have established e related contracts as well.

Ulaanbaatar, Mongolia /MONTSAME/ Political parties and coalitions have revealed their candidates who will run in the parliamentary election in June 28.

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj has said an assistance and aid from the U.S. Asia Foundation (AF) significantly contributed to developing of the democracy and good governance in Mongolia, and that the Mongolians are always grateful to the USA for this.

Ulaanbaatar, Mongolia, /MONTSAME/ The best in spheres of education, society, culture, art and sports children received prizes from M.Enkhbold, the Deputy Minister and Vice head of the National Council for Children, on May 28.