Mongolian Economy and Finance

Education seems lost in all these Cambridge, American, Japanese, Chinese, and Russian education schemes.

In the far reaches of the south Gobi desert, a cluster of boxy, sky-blue buildings marks the entrance to the main shaft of the Oyu Tolgoi mine, the largest industrial project ever developed in Mongolia.

Financial institutions in Hong Kong and Singapore need to review and monitor their anti-money laundering (AML) and know-your-customer (KYC) procedures and policies regularly to prevent abuses by politically exposed persons (PEPs), said industry officials.

A: Expectation is about 468 thousand tons (approx. 17.2 million bushel) of wheat, and 208,9 thousand tons of potato, 99,4 tons of other vegetable.

By BENOÎT FAUCON in London and COLUM MURPHY in Shanghai

A Chinese Culture Week themed "The Modern Silk Road" opened here on Saturday, serving attendants a feast for the eyes and appetite.

Ulaanbaatar, Mongolia - Oyu Tolgoi is building an international standard airport complex in Umnugobi and the construction of its airstrip has been completed.

Nestled in a green valley of hills dotted with herds of grazing goats and sheep lies Amarbayasgalant Monastery.

The Agency for Fair Competition and Consumer Rights (AFCCR) welcomed its new Director O. Magnai a week ago.

The Capital City Representative’s Khural or City Council has carried out its 3rd irregular meeting and conducted a poll on draft resolutions about city planning about arranging illegal land granting issues in the Capital City territory, initiated by political party factions in the parliament and its representatives.

The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton (NYSE:BHP) should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.

Online travel adviser Cheapflights (cheapflights.com) has come up with a top 10 list of no-frills, high-adrenalin and wacky sports which might be entertaining.

Video Link:  http://edition.cnn.com/video/?/video/world/2011/08/28/eom.grant.minegolia.cnn

Video Link:  http://edition.cnn.com/video/?/video/international/2011/08/31/bs.grant.inside.mongolia.cnn

The Russian-Mongolian Military Exercises Selenga 2012 have ended in Russia’s Buryatia, in the south of Siberia.

Mongolia-focused oil explorer Petro Matad ( LON:MATD ) is assessing promising target areas as overall studies of its blocks continue, it said, releasing half year results.

Japan welcomes sumo's first new grand champion in five years, in a tradition-steeped ceremony at a Shinto shrine in the country's heaving capital.

Located in Inner Mongolia, Erenhot is China’s only railway port that is seeing good times with trade jumping from RM141mil in 1991 to RM19.6bil last year.

The Haishen Shengquan Tourist Resort in the Aershan city is a famous spa destination in China.

Aershan exudes fairytale beauty

(Reuters) - Aluminum Corp of China (Chalco) ( 2600.HK ) has ended an agreement to buy a 29.9 percent stake in Winsway Coking Coal ( 1733.HK ) as it would not be able to win approvals from Chinese and overseas authorities by the September 30 deadline, it said in a stock exchange filing late on Friday.

Filipinos will get a glimpse of Mongolia in the current transition it is undergoing as the Mongols adapt their nomadic ways to the modern times through a photo exhibit of writer/photographer Karen Capino.

The Capital City Court affirmed the primary court’s decision to Nambar Enkhbayar, the former President of Mongolia, the Head of the Mongolian People’s Revolutionary Party /MPRP/.

The President of Mongolia Tsakhiagiin Elbegdorj who is attending the 67th session of the General Assembly of the United Nations, held a meeting with Vaclav Klaus, the President of the Czech Republic.

Billionaire mining investor Robert Friedland is seeking C$300 million ($305 million) in an initial public offering to pay for an African venture and to allow it to redeem convertible bonds whose interest rates will soon double.

The large North Asian economies of China, Korea and Japan have already established a record of making significant outbound investments in the mining industry, says financial adviser and consultant company Deloitte.

Cuts by Chinese banks to lending to domestic coal traders is set to place further pressure on global spot prices for the carbon fossil fuel.

WASHINGTON — Somebody should have looked at a map.

Officials from landlocked Mongolia said they would cancel the flag registrations of five Iranian cargo ships, providing a window into the cat-and-mouse game played by international authorities that are trying to curb Tehran weapons programs and by Iranian companies trying to work around them.

(Reuters) - Heineken NV ( HEIN.AS ) won full control of the maker of Tiger beer in a S$7.9 billion ($6.4 billion) deal on Friday, ending a two-month battle aimed at strengthening the Dutch brewer's position in fast-growing Asian beer markets.

Freestyle wrestler Leigh Jaynes characterized her 2012 World Championship performance in three words: Paralysis by analysis.

Liu Ke laughs at his band mate. The punk rocker’s friend, big and bald, dressed in a Sid Vicious-style leather jacket and hilariously drunk, is complaining about foreigners, then goes around to all the foreigners around him and explains that he isn’t talking about them.

September 28 – Projects Cargo Network (PCN) has welcomed V. Alexander International Logistics (VAIL) as a network member representing Germany and Mongolia. VAIL projects director Jurgen Weyhausen commented: “We believe that Mongolia is emerging as a key commodity supplier in Asia.” He said forecasts predicting that the country would become one of the world’s fastest-growing marketplaces over the next two decades had prompted the company to open an office in Mongolia. Established in 2006, the Bremen, Germany headquartered company handles “everything from crane equipment and submarines to complete industrial plants in the field of project forwarding” for a global list of clients, Weyhausen added. www.projectscargonetwork www.valexander-bremen.de

Aluminum Corp. of China Ltd. dropped plans to buy a 30 percent stake in Mongolian coal exporter Winsway Coking Coal Holding Ltd. (1733) for HK$2.39 billion ($308 million), its second failed acquisition this month.

Seventh-day Adventist leaders in Mongolia say a weeklong evangelism series held in Ulaanbaatar earlier this month signals a new focus on urban evangelism in the region.

Mongolia's mineral-rich economy was hit extremely hard by the global downturn during 2008–2009, when copper prices plunged, external demand fell, and growth collapsed.

What do you do if you’re a small country, rich in minerals that went from boom to bust when the bottom fell out of the commodities market? Copy Chile, is the answer.

Interview with Eddie Grieve, Senior manager, Listings Business Development at the Australian Securities Exchange.

Sydney, Australia, Sep 28, 2012 - (ABN Newswire) - Aspire Mining Limited (ASX: AKM.AX - News ) is pleased to provide the Company Annual Report to shareholders.

Mongolia has been making international news throughout the summer and into autumn as the new government has assembled and set into motion their action plans.

The unity of pride, beauty, inspiration and magnificence of MONGOLIA is being exhibited at the Union of Mongolian Artists Hall (UMA).

Expectations that Mongolia’s retail industry will be transformed by the nation’s rapidly growing mining sector appear on track, although rising inflation and a lack of human resources could threaten the sector’s potential.

SUNNYVALE, Calif., Sept. 28, 2012 /PRNewswire via COMTEX/ -- Trimble TRMB +1.60% announced today that a SITECH® Technology Dealer has been established in Mongolia.

Chinese Defense Minister Liang Guanglie on Friday pledged to seek stronger defense ties with Mongolia reported Xinhua.

The Speaker of the Parliament Zandaakhuu Enkhbold issued a resolution of schedule of Autumn session. 

Mongolian wrestler Harumafuji has been promoted to sumo"s highest rank, becoming the 70th grand champion in the history of the sport.

In the far reaches of the south Gobi desert, a cluster of boxy, sky-blue buildings marks the entrance to the main shaft of the Oyu Tolgoi mine, the largest industrial project ever developed in Mongolia.

If Mongolia didn’t pop into your mind first, you’re probably not alone.

Asian credit markets extended their losing streak on Wednesday as investors struggled to digest new issues and aggressive pricing at a time of slowing economic growth.

Samsung CTC on Wednesday signed a deed to novate the main contract works for Phase II of a Shangri-La hotel and real estate in Ulaanbaatar, Mongolia to SCTM, a 70:30 Samsung CTC and MCS Property joint venture.

Investment data for Mongolia illustrates that without improving the European Bank for Reconstruction and Development’s plans for the mining sector, the bank may add to the dependence on raw materials exports in resource rich countries.

Mongolia on Wednesday gave regulatory approval to Toronto-listed Centerra Gold for its mine plan to restart using the heap leach facility at its Boroo mine.

ULUGAN, Altai Republic — In the mountain villages of southern Siberia where Russia abuts China, Mongolia and Kazakhstan, the price of sheep's wool has increased tenfold since 2009.

German scientists have discovered an ancient Buddhist statue with extraterrestrial origin.

Beijing: Chinese Tunivians, an ethnic group originating from Mongolia, who consider themselves descendants of Mongol ruler Genghis Khan, have dedicated their lives to preserving an ancient flute that produces a variety of sounds that mimic nature.

A green agricultural products trade fair has opened in Ulan Bator's Mishel Exhibition Center.

(MENAFN - ProactiveInvestors - Australia) FeOre (ASX:FEO) has been awarded a mining licence for its Dartsagt iron ore project in Mongolia's Dornogovi Province.

Prime Minister Norovyn Altankhuyag, chairman of Mongolia's Democratic Party (Ardchilsan Nam: AN), formed a cabinet on 20 August 2012.

I always tell people that I am not a typical Mongolian even though I was born and grew up in Hohhot, capital of the Inner Mongolia autonomous region.

27 September 2012 – The vital role of women in society was a key feature in the speech of Mongolia’s President Tsakhia Elbegdorj to the United Nations General Assembly today, with a particular call for more women in leadership positions.

Reflecting Mongolia’s booming economy, Ulaanbaatar’s skyline has been transformed in recent years, with socialist-style low-rise buildings displaced by lots of steel and concrete structures.

It sounds like a mash-up of Indiana Jones' plots, but German researchers say a heavy Buddha statue brought to Europe by the Nazis was carved from a meteorite that likely fell 10,000 years ago along the Siberia-Mongolia border.

Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades.

Eight hundred years after Genghis Khan, Mongolia is back in the news.

In western Mongolia's Altai mountains, there are no lifts, and you will more likely spot someone hunting with a golden eagle than you will a trail for bicycles.

Hong Kong – French-language network TV5MONDE has renewed its carriage agreement with Mongolian power player Sansar Cable LLC.

The term "Dutch Disease" may have originally been coined in relation to a gasfield in The Netherlands, but Mongolia is finding out that it can just as well apply to coal.

Ulan Bator (Mongolia), Sep 26 (IANS) Non-Resident ambassador of Brazil to Mongolia Clodoaldo Hugueney said here Wednesday his country was ready to help Mongolia develop football.

Guest Post by Dan Bierenbaum, senior researcher at the Batten Institute at U.Va.’s Darden School of Business.

A TOUCH of Mongolia could be brought to a village near York through plans to set up a new holiday park.

Beijing, Sep 26 (IANS) Chinese Tunivians, an ethnic group originating from Mongolia, who consider themselves descendants of Mongol ruler Genghis Khan, have dedicated their lives to preserving an ancient flute that produces a variety of sounds that mimic nature.

Posted: September 26, updated September 26 Type: Full-Time Company: Mongolia Talent Network URL: http://www.mongoliatalentnetwork.com/ Location: Confidential

The following is an interview with the president of the Mongolian Builders’ Association M. Batbaatar, translated from the Daily News Newspaper.

Aspire Mining Limited ABN: 46 122 417 243 Level 2, Suite 20, 22 Railway Road

SBS Chief Political Correspondent Karen Middleton is at the UN covering Australia's bid for a Security Council seat. But there's already been some horse-trading with Mongolia in the press room.

This year, the FTSE Policy Group has not reclassified any countries but has added two further countries to the current Watch List of seven countries being considered for promotion or demotion between FTSE's market classifications:

(The following statement was released by the rating agency)

Dentist Marshall Horwitz could well afford a watch worth 10 or even 100 times more than the $29 version on his wrist. But he has other plans for that money.

President Tsakhiagiin Elbegdorj of Mongolia discussed corruption, human rights, and his success in revitalizing his home country at the Institute of Politics on Friday.

Reputedly this company is used to weathering Asian storms. So a long wait that has just ended for Centerra Gold TSX:CG in Mongolia must have been borne with patience.

U.S. Customs and Border Protection caught three passengers recently attempting to conceal prohibited agriculture products while entering the United States.

Copper prices are rising. A metal price that has long been in decline has reversed its trend in the past three weeks.

Francis McGuire, CEO of Moncton’s Major Drilling Group International Inc., has a message for Quebec Premier Pauline Marois and Mines Minister Martine Ouellet:

In 2011, China installed 17.63 million kilowatts of new wind power generators, totaling China's wind power generation capacity at 62.36 million kilowatts, both the 2011 increment and China's total generation capacity ranking 1st in the world.

China Knowledge reported that Inner Mongolia Taixi Coal Group Co Ltd has announced it will issue CNY 800 million in short term bills with a maturity of 365 days in the interbank market on Sep 26.

The Mongolian delegation led by President Ts.Elbegdorj is taking a part in the 67th regular session of the General Assembly, United Nations Headquarters on September 20th to 28th.

At the 67th regular session of the UN General Assembly in New York City President Elbegdorj took the floor and told a story far different from reality.

BAAR, Switzerland, Sept. 24, 2012 -- BAAR, Switzerland, Sept. 24, 2012 /PRNewswire/ -- Manas Petroleum Corp. ("Manas") (OTCBB: MNAP) (TSX.V:MNP) today announced that they will hold a shareholder and investor conference call on September 27th, 2012 at CET 6.00pm / ET 12.00pm / PT 9.00am.

On light volume, shares of the Global X FTSE Argentina 20 ETF ARGT -0.22% are trading slightly lower.

Since May, Mongolian officials, a fossil dealer, federal agents and paleontologists have been tussling over a million-dollar dinosaur . And the story of this Tarbosaurus keeps getting more complicated.

Is Mongolia prepared for an economic crisis? This issue has become a subject of concern for many; especially officials, those who work in financial and economic sectors, and experts and researchers.

A more sustainable and efficient bus rapid transit system funded by the Asian Development Bank (ADB) will help decongest the crowded streets of Ulaanbaatar, one of Asia’s fastest growing cities.

FRANCE - MONGOLIA – Some consignments need to be handled with a little more care than others and when EFIS Air , part of the ECS  conglomerate group which features a host of air cargo industry stakeholders, were approached to handle a particularly delicate shipment, the freight compound at Châteauroux-Déols airport in France took on more of the look of a farmyard than a cargo transit terminal.

In celebration of its 45th anniversary this year, the Mongolian National Broadcaster (MNB) opened its doors to the public last weekend for the first time.

Alleged “Mongolian apples” have been reportedly sold in every food markets as well some streets of Ulaanbaatar.

Misheel Chuluun lives in Basalt with her husband, Gabriel, and their two young sons.