Mongolian Economy and Finance

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that the Mongolian Ministry of Justice and Home Affairs has selected its Sealys secure multi-service electronic ID cards for their national identity program.

A GLANCE at Mongolia’s agricultural-output tables provides a vivid sense of what a difficult place it can be for vegetarians.

Mongolia sold $1.5 billion in debt to strong investor interest.

Mongolia, a country that has been rescued five times in 22 years by the International Monetary Fund, sold $1.5 billion in debt Wednesday in its first government bond offering.

Third highest in Asia-Pacific and highest for bowel cancer, OECD report shows.

In January 2009, in the Altai Mountains near the border with Mongolia, a helicopter owned by Gazpromavia crashed on the slopes of the Black Mountains, killing seven of the 11 passengers and crew.

Nov 28 (Reuters) - The Government of Mongolia on Wednesday sold $1.5 billion of senior unsecured notes in two parts in the 144a private placement market, said IFR, market sources.

Mongolia, a country that has been rescued five times in 22 years by the International Monetary Fund, is seeking to raise as much $1.5 billion in its first government bond offering, an amount equal to nearly one-fifth of the size of its economy.

Ordos, an Inner Mongolian boomtown that holds one sixth of the country's coal resources, is suffering from dropping mineral resource prices and a faltering real estate market.

Beef ‘O’ Brady’s signed a master franchise agreement with the Cedars Group to open restaurants in Mongolia over the next few years.

The Critical Metals Report: Let's start with the basics. What is fluorspar?

Hada, a high-profile dissident from Inner Mongolia, has been detained by authorities for nearly two years after having spent 15 years in prison.

Mongolia's $1.5 billion debt issuance began Wednesday afternoon, and is expected to generate interest among investors looking for higher yielding assets from emerging economies.

Mongolia is the new Zambia.

In the country, where one third of population can barely afford to eat every day, everyone must have a job and create a value in order to have all Mongolians live prosperous.

The Asian Draughts Championship 2012 was held in Kuala Lumpur, Malaysia from November 20-25.

Color of three times jointly exhibition of artist Ts.Bold, D.Burdaa and L.Ganbold was opened at exhibition hall of Union of Mongolian artists on November 22 until 27.

A recent post over on the " Mongolia Today " blog by Michelle Tolson has inspired me to join the dialogue about the local impact of mining in the Gobi.

Last night Deputy Speaker of Parliament S. Bayartsogt and Member of Parliament S. Ganbaatar had their much anticipated (at least by me) debate about the Oyu Tolgoi agreement.

Roads in the countryside have been blocked due to sudden snow fall and difficult conditions.

The Presidential election law will run next month. According to the law regarding elections, any law related to the election should be passed six months before an election.

The five newly elected parliamentarians were due to take their oaths at 10.00 am on Wednesday.

An agreement on cooperation between the Ministry of People"s Security of the National Defence Commission of the DPRK and the Ministry of Justice of Mongolia was signed on Tuesday.

The Election General Committee has announced the results of the Local Administrative Election which were received from the sub-electoral commissions today.

MPP candidates in parliamentary election for Uvurkhangai aimag are in a dispute over the newly elected MPs taking their oath. MPP calls for a demonstration to be held on November 29th.

Michael Heenan is CEO and principal of Allen Jack+Cottier Architects.

The National Registration Office (NRO) website is the place to go for fun factoids about names, families, and population.

Turquoise Hill Resources today announced that Oyu Tolgoi LLC has signed a binding power purchase agreement with the Inner Mongolia Power Corporation to supply power to the Oyu Tolgoi mine.

ACTS from Mexico and Mongolia are to take centre stage in next year’s Royal Edinburgh Military Tattoo, organisers have confirmed, ahead of tickets going on sale next week.

ULAANBAATAR, Nov 28 2012 (IPS) - Tucked away from the scrutiny of civil society, Mongolia’s jails epitomise the limits of democracy in this county of 2.8 million people, where marginalised members of society often bear the brunt of a corrupt and under-resourced justice system.

An expected price increase of gasoline by Mongolian distributors presents new challenges for the coalition government and worries for the public and businesses.

A joint meeting by the Committee of Infrastructure, Construction and Urban Development and the Development Committee for ger districts was held at Khangarid Palace on November 26th.

The Board of Directors of State owned “Erdenes MGL” company replaced the CEO Ya.Dolgorjav during an irregular meeting on November 26th.

When US diplomats in China scanned the political landscape this year for officials on a fast track to the Communist Party's top ranks, one name jumped out: Hu Chunhua.

BEIJING — When American diplomats in China scanned the political landscape this year for officials on a fast track to the Communist Party’s top ranks, one name jumped out: Hu Chunhua.

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The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that an educational micro-loan donation has been made to a student undergoing teacher training in Mongolia, in partnership with XacBank.

Erdene Drill Program Confirms Gold Mineralized Trend at Altan Nar: Deepest Hole in Discovery Zone Ends in Strong Gold Mineralization

MANZHOULI, Inner Mongolia - Manzhouli, China's largest inland port, located in northern InnerMongolia, aspires to become a regional trade, processing and manufacturing center for Northeast Asia, said a local top official.

Fifteen European ambassadors to China, who also represent their governments in Mongolia, gathered in Ulan Bator during the past week for an annual fact-finding visit.

Mongolia's economy is set to grow by 18-20% in 2013 thanks to the giant Oyu Tolgoi copper and gold mine, says the Economist.

Japan is seeking agreements with Indonesia and Mongolia to help offset its greenhouse gas emissions by the end of the year, a government official said.

We have reported before about joint organised training course for Mongolian journalists by the Thomson Reuters and the Montsame news agency organised last week.

Mongolia is still open to foreign investment despite a hastily enacted law that subjects foreign investments to government approval and recent calls by some nationalist politicians to renegotiate the terms of a mega copper mining deal with Rio Tinto, a senior government official said.

This summer, Nick Cousyn became the first native English language speaking employee at Mongolia's largest domestic brokerage, BDSec. Mr. Cousyn came to the company with an American resume of working with institutional investors and high net worth individuals as BDSec's new Chief Operating Officer.

China's restriction of global access to its deposits of rare earth elements starting in 2010 changed the status of these materials in the global economy, creating new diplomatic alliances across Asia and increasing the importance of mining in trade agreements.

The member of the Mongolian Parliament, J.Batzandan, requested to the Prime Minister that the Innovation Government needs to implement completely new policy on sector of radioactive minerals after listening to the information regarding the implementation of Mongolian Policy on Issues of Radioactive Minerals and Nuclear Energy at the Parliament Session.

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Mongolia's Ser-Od Bat-Ochir won the race of the 2012 Osaka Marathon held in central Osaka, Japan, on Sunday.

Khishigbayar responds to Daniel Woker's piece on Mongolia :

Mongolia may delay the selection of companies to develop part of the nation’s biggest coal field to the middle of 2013 from the end of this year, a government mining official said.

Mongolian-South Korean business forum held in “Blue sky tower” on 16th November.

Development Bank of Mongolia is to issue a bond guaranteed by the Government soon.

A 28 years old Mongolian man died on a fishing vessel 17 km away from Dokjin, Incheon in South Korea on 14th November.

Former vice president of Khadgalamj Bank, S.Sandagdorj is appointed as the first Deputy CEO of the Development Bank of Mongolia.

A special meeting for the Capital City Citizens" Representative"s Khural was held with 80 percent attendance on 15th November.

An opening ceremony for Mongolian-Laotian Friendship hospital expansion held in Friendship Hospital in Phonsavahn, Xieng Khouang Province in the Lao People"s Democratic Republic on 9th November.

Prophecy Coal Corp. is pleased to announce the appointment of Bailiikhuu Dambachultem as Country Adviser, Damdindjav Davaajav as a Project Manager and Bekzod Kasimov as Business Development Manager.

Delegates headed by Choi Tae-bok, the chairman of the Supreme People"s Assembly of The Democratic People"s Republic of Korea, are to visit Mongolia between 18th-22nd November.

Qualified Japanese doctors and medical specialists for coronary and cardiovascular disease who are working on a heart saving project will travel to Mongolia for the diagnosis and treatment of Mongolian children between 19-27 November.

Upon the Mongolian Government`s request, the Erdenet copper corporation directors have been replaced. 

The Chinggis Khan and globalization scientific forum held in honor of the 850th anniversary of the greatest leader of all time was held at the State Palace on 14th November.

A Mongolian peacekeeper, first sergeant of the Mongolian army, G.Munkh-Erdene, who was serving in the Mongolian first round of the peacekeeping component in South Sudan died because of a health problem on 13th November.

Ulaanbaatar city authorities want to seriously focus on public views when making decisions related to everyday issues.

Ulaanbaatar city residents keep complaining about electrical cut to the City Administrative lately.

Mining sector entrepreneur Robert Friedland is lending his support to Nat Rothschild’s move to keep alive the London-listed Bumi Plc coal-mining venture, sources familiar with the matter said.

GDF Suez and Posco Energy are amongst the energy firms set to invest $1.3bn in a power plant in Ulaanbataatar, Mongolia.

Todd McKenney never drinks on a flight and avoids intoxicated Aussies, but he's dancing mad about the Whitsundays.

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An emergency nurse practitioner swapped her day job for three weeks in Mongolia during the world’s longest horse race.

Director Benj Binks tracks the explosion of hip-hop in Mongolia as an ancient culture searches for a modern identity.

The 48th Conference of the Governors' of the South East Asian Central Banks (SEACEN), High Level Seminar and 32nd Meeting of the SEACEN Board of Governors were held recently in Ulaanbaatar, Mongolia.

London 11/10/2012 10:40 PM GMT (TransWorldNews)

London 11/11/2012 02:38 AM GMT (TransWorldNews)

BEIJING - A fresh cold front moving eastward will bring moderate to heavy snows to west China, dropping temperatures along the way, the National Meteorological Center (NMC) forecast on Saturday.

The new deal with the Australian mining company Rio Tinto could leave the local government side-tracked.

FOREIGN Minister Bob Carr says he's raised the case of an Australian lawyer prevented from leaving Mongolia with the country's foreign minister.

T. Nasan-Ish, 50, has just returned from a community meeting in Khanbogd in Mongolia's south Gobi desert.

MALAYSIAN G. JMalaysian G. Jayamaran and his family will move into their new apartment just opposite the one they are staying in now in the small city of Darkhan in Mongolia, once renovations on their new abode are completed.

ULAN BATOR, Nov. 23 (Xinhua) -- Regional central bank governors and monetary authority representatives have met here to exchange opinions on critical issues facing the global economy.

China China has been involved in rare-earth research and development since its first recovery of the oxides in 1950.

Mongolia's entry to the Organization for Security and Cooperation in Europe is its latest effort to implement the "third neighbor" policy, which is to strengthen cooperation with Western countries and major international bodies other than its neighbors China and Russia, analysts said.

Time to look forward, not backward

On November 9, 2012, a network of international CSOs submitted a report to Oyu Tolgoi LLC (the Rio Tinto subsidiary that manages the mine) that outlines some of the main concerns they have with the Environmental and Social Impact Assessment (ESIA) published by the company in August 2012.

“Newcom” group has set aside a project to put online the “Salkhit” 50 megawatt (MW) wind farm until the spring of next year.

E.Batshugar, the Vice president of the Mongolian Central Bank and son of the former President of Mongolia, has suspended his membership of MPRP.

Property tax law for companies and units is supposed to be implemented by the 1st January, 2013. 

The Local Administrative Election to vote for representatives` of the Citizen`s Representative Khural finished at 10:00 pm on 21st November according to election law.

During a press conference, the Chairman of DP, PM Norov Altankhuyag announced that DP won in the Local Administrative Election 2012.

The open debate on Oyu Tolgoi related issues between MP S.Ganbaatar and Deputy Speaker S.Bayartsogt was announced on November 18th.

An expected price increase of gasoline by Mongolian distributors presents new challenges for the coalition government and worries for the public and businesses.

One sunny Sunday earlier this month, several hundred Mongols gathered in a parking lot in Citrus Heights to celebrate Genghis Khan’s 850th birthday and the opening of the Mongolian Cultural Center.