Mongolian Economy and Finance

A talented Mongolian artist, Otgontuvden Badam, is to show a debut exhibition “Steppe Wind” in Connoisseur Art Gallery in Moscow, Russia from June 6th till July 5th.

Parliamentarians` children will be allowed to tour the Government House on Friday May 31st.

Ulaanbaatar City is to host the International Marathon, Ulaanbaatar-2013 on June 2nd.

Senior officials in Inner Mongolia vow to accelerate the development of the local tourismindustry to not only boost economic growth, but also respond to State Council guidelines issuedin 2011, according to Bater, chairman of the autonomous region.

Yum! Brands Inc. plans to roll out a total of 15 KFC restaurants within five years in Mongolia, as the country is experiencing a growing demand for mutton and chicken.

MINSK, 30 May (BelTA) – Mongolia invites Belarus to develop its mineral deposits, Deputy Foreign Minister of Mongolia Damba Gankhuyag told media on 30 May.

Driven by its vast abundance of coal, copper, iron ore, gold and uranium (to name a few), Mongolia is forecast to have the world’s fastest growth rate in 2013, at 12% of GDP—a figure Western economies can only dream of in the long shadow of the global and euro financial crises.

Tamir and Byamba are two men under the age of 30 who live two sides of the Mongolian story.

This was stated today by the Prime Minister of Belarus at the meeting with the Deputy Minister of Foreign Affairs of Mongolia.

On June 26, Mongolians will go to the polls to elect their next president, with incumbent Tsakhia Elbegdorj predicted to return to office with a renewed mandate.

Yum! Brands Inc. has announced the grand opening of the first KFC in Mongolia by its international division, Yum! Restaurants International, in conjunction with franchise partner, Tavan Bogd Group.

By Gary Bourgeault, Disclosure: Long TRQ

May 21 (Money Morning) Find the best bull markets in the world. Get in early. Buy the best assets. Ignore the volatility. And enjoy the ride.

May 20 (InfoMongolia) On May 17, 2013, following the signing ceremony on repatriation the Tyrannosaurus Bataar skeleton held in New York on May 06, the year-round being in the center of attention the 70-million-year-old Tyrannosaurus Bataar skeleton has been finally arrived on its homeland.

Since almost a year ago, there were rumors were haunting media that Golomt Bank owners were going to split. Such rumors were extinguished instantly or removed immediately after the broke-out. from media.

Government is organizing a weekly meeting called “Prime Minister’s 30 minutes” with journalists to report and discuss the cabinet’s weekly work. This week, issues around the mining sector was discussed.

The Mongolian Oil Shale Association and senior officials of “ Genie Oil Shale Mongolia ” LLC made introductory presentation to the Standing Committee of Economy of SGK, on producing petroleum from oil shale.

Guildford Coal (ASX: GUF) has now commenced production activities at the South-Gobi open cut coking coal mine in Mongolia, with overburden being removed to just above top-of-coal.

ULAN BATOR, May 30 (Xinhua) -- A fair providing comic stories and electronic books for children was held Thursday in Ulan Bator, Mongolia, as a gift of June 1 International Children's Day.

Within the framework of the official visit of Speaker (Marshal) of the Polish Senate Bogdan Borusewicz here, a signing ceremony of four projects was held at the Ministry of Foreign Affairs on Tuesday.

When one of my best friends was here a couple of months ago, I wanted to take him to Gorkhi-Terelj National Park.

When my plane first passed over Ulaanbaatar, after traveling above miles of desert and countryside from the Beijing airport into a land I knew next-to-nothing about, I could think of only one thing: The Valley.

The Organizing Committee of Naadam held a meeting on Wednesday May 29th.

The 2013 Presidential Election Campaign has officially started on May 22, in which three candidates received their mandates to run for president.

This year marks the 18th anniversary of “Camerton,” a famous Mongolian boy band.

The UBS television reality show and contest, “Universe Best Songs,” in which singers singing in foreign languages compete, announced the 2013 winner after the finale gala concert last Thursday.

Mongolian judoka and London Olympic bronze medalist S.Nyam-Ochir won the gold medal in the men’s 73-kg weight class at the World Masters judo tournament on Saturday, the first day of the competition. 

-GCS cooperating with the Korea Green Foundation as local project partner-

Circus performers were skillfully flipping china bowls onto their heads while maintaining balance on a plank rolling on a cylinder.

The Ministry of Culture, Sport and Tourism had planned to show Tyrannosaurus bataar on Mothers` and Children`s Day celebration at Sukhbaatar square on June 1st, but it announced today delaying the event until June 10th when standard museum for dinosaur will be built temporally.

Two political parties of Mongolia, the Mongolian Conservative Party (MCP) and the Motherland Party (MP) announced their support of the incumbent Ts.Elbegdorj in the Presidential Election.

Chinese copper smelters are turning to Rio Tinto’s Oyu Tolgoi mine in Mongolia for concentrates in the spot market as a regional oversupply situation in the raw material is easing after a key Indonesian mine halted operations this month.

“No words can describe the happiness I feel that we’ve been able to give so many a better start in life.

Inner Mongolia autonomous region is enticing Hong Kong investors this week with 390 billion yuan (HK$494 billion) of projects.

When Munkhtsetseg Enkhbat, a Mongolian language instructor at the National University of Mongolia, wanted to expand her knowledge in the related field of Manchurian linguistics, she decided to go abroad.

Yum! Brands' Extends KFC Original Recipe Eleven Herbs and Spices to Mongolia Milestone Spotlights Company's Expansion in Emerging Markets

Yum! Brands Inc. (YUM) plans to open a total of 15 KFC restaurants within five years in Mongolia, where mutton has long been the local staple and chicken was considered a rare treat until recently.

Mongolia, a land once synonymous with isolation and rural hardship, is at the beginning of a transformation .

The three political parties who have announced candidates for the Parliamentary Election today established their election campaign funds and announced the opening of their campaign accounts.

Mongolian workers of Petro China Daqing Tamsag have been on strike demanding two requirements; a salary increase and a better working environment since Saturday May 25th.

Urna Chahar Tugchi landed in Mongolia on Monday May 27th.

The National Emergency Management Agency has issued a ban on picnics in the greenbelt outside of Ulaanbaatar during the high season of school and university graduation ceremonies due to bad weather conditions until June 10th.

In Accordance with the President`s decree, the Head of the Office of the President of Mongolia, P.Tsagaan, presented the Peace medal to Robert Reid, the Resident Country Director of Mongolia for the Millennium Challenge Corporation.

Press statement by OyuTolgoi LLC regarding a report posted on May 27th on news.mn website

Today, May 29th, the International Day of the United Nations Peacekeepers is marked internationally.

The World Bank Group’s new Country Partnership Strategy (CPS) for Mongolia covers a 5 year period that will see the country experience record growth.

With three candidates declared for Mongolia’s presidential election a month from now, one of the issues that will be watched most closely from abroad is the candidates’ positions on large-scale mining projects.

In my previous article, I pointed out that there is a surplus of capital on one side of the river and a lack of capital on the other side.

Locals say good times to visit the Inner Mongolia autonomous region come both in summer and winter when the twice-yearly Nadam Fair is held.

Environmental protection, conservation of nature and green economic development is today seen as national, regional and the global agendas.

Herdsmen to settle down and preserve grasslands

The International Finance Corporation (IFC), a member of the World Bank Group and Mongolia’s Corporate Governance Development Center launched the sixth annual National Corporate Governance Forum in Ulaanbaatar on May 24, to discuss ways to enhance the performance and competitiveness of Mongolian banks.

Hong Kong (HKSAR) - The Chief Executive, Mr C Y Leung, met the visiting Chairman of Inner Mongolia Autonomous Region, Mr Bate'er, in Government House this afternoon (May 28) to exchange views on issues of mutual concern.

Adventure travel tour leader and photographer Dick Cable will make an audio-visual presentation entitled “Mongolia” to the Appalachian Mountain Club (AMC) on Tuesday, June 11, 2013, in Bethel.

GENEVA (28 May 2013) – With rising inequality and entrenched poverty in rural and urban areas, the poorest sectors of Mongolian society have yet to benefit from the country’s new found wealth, a United Nations expert on poverty says.

Speaker of the Parliament Z.Enkhbold received on Friday a German delegation headed by Vice-President of the Bundestag Eduard Oswald. They are paying an official visit to Mongolia until May 30.

Newera Resources ( ASX: NRU ) will test for extensions of known coal seams with a new drilling program at the Shanagan East Coal Project (Shanagan Project) in Mongolia.

Mongolia began to hold activities to celebrate the International Day of United Nations Peacekeepers, which is commemorated each year on May 29.

The President of Mongolia and incumbent candidate for the presidential election, Ts.Elbegdorj, visited Shivee Ovoo soum in Dornogobi Province, 260 kilometers south-east of Ulaanbaatar, and made a campaign promise to be attentive to the issues facing its water reserve.

The international Energy Mongolia-2013 conference began Friday at Blue Sky Tower and ended on the 26th.

Jeremy: Mongolia could soon become one of the world’s biggest producers of copper and gold.

Like all children, those with disabilities have many abilities, but are often excluded from society by discrimination and lack of support, leaving them among the most invisible and vulnerable children in the world.

Mongolia’s stock exchange is seeking to attract foreign investors to its fast-growing economy with plans to broaden co-operation with the London Stock Exchange .

Invest Mongolia is the longest running and the most comprehensive forum on investing in Mongolia on September 3rd – 4th 2013, in Ulaanbaatar.

WASHINGTON, D.C. (May 16, 2013) — The board of the Export-Import Bank of the United States (Ex-Im Bank) has voted to authorize an approximately $500 million direct loan to finance the continued development of a Mongolian mine that upon completion will generate approximately 30 percent of the Mongolian GDP.

SWAMPSCOTT, Mass. (AP) — As a college student when the Peace Corps was founded in 1961, Judy Gates promised herself that one day she would join.

Kincora Copper’s (CVE:KCC) prospects in the world class Oyu Tolgoi copper belt in south east Mongolia make in it an appealing exploration play, according to broker ResCap.

Developing countries are taking action to try to combat tax avoidance by multinational companies.

James Passin, principal at Firebrand Management, discusses foreign direct investment in Mongolia and how easy it is for retail investors to get involved in the local stock market.

Yesterday’s news from Mongolia is unique, and it raises questions about whether there might just be light at the end of the tunnel.

Orix Corp. announced May 23 that it will enter the Mongolian market through a capital alliance with TenGer Financial Group.

Environmental science pre-junior Anna Gourlay wasn’t looking to go international for her first co-op experience, but somehow she ended up camping in Mongolia.

Sam Spring, President and CEO of Kincora Copper ( CVE:KCC ), tells Proactiveinvestors that after putting in place a full re-examination of its work last year at Bronze Fox, it is now refining its exploration targets for this year.

Sunny and Lisa Um's initial assignment in Darkhan, Mongolia, is to learn Khalkha, the language spoken by 90 percent of Mongolians, but their passion is to make disciples and to plant the Church of the Nazarene in the country's second largest city.

Modun Resources (ASX: MOU) has found that coal briquettes created from coal from its Nuurst coal in Mongolia could be upgraded to the benchmark Newcastle thermal coal energy level.

The government of Mongolia invites expressions of interest from consultants to prepare specifications for a feasibility study of the 300-MW Shuren hydroelectric development project. Responses are due June 4.

The Mongolian Parliament passed a securities law that removes a ban on trading of foreign shares, paving the way for local listings by overseas companies.

Mongolia, rich with coal, gold, and copper has been riding high on the global natural resource boom.

ULAN BATOR - Mongolia's parliament finally passed a long-awaited securities law on Friday that will allow the state-owned firm mining the enormous Tavan Tolgoi coal deposit to launch a $3-billion initial public offering at home and overseas.

Prime Minister N.Altankhuyag conducted an online discussion with the ambassadors and heads of diplomatic embassies and consulates from Mongolia to foreign countries.

The Civil Will-Green Party (CWGP) and Mongolian National Democratic Party (MNDP) have officially claimed that the parties will support the Democratic Party’s (DP) presidential candidate, Ts.Elbegdorj.

Prime Minister N.Altankhuyag made a statement regarding the spending of the 1.5 billion USD Government Bond or Chinggis Bond during the Plenary Session meeting of the Parliament held last Friday.

Q: – When will loan rates of Mongolian banks get reduced from double digit to a single digit? A: – When our economy stands on both of its legs rather than just one of them.

The prestigious Cannes Film Festival, which selects the best of the best films, documentaries, and all other genres of films around the world, is taking place at the moment in the city of Cannes in France.

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Mongolian herders were attacked by over 100 Han Chinese settlers as they defended their grazing lands.

A victory in civil and criminal litigation over the New York City auction of a smuggled Tyrannosaurus Rex skeleton last year hasn't just earned legal fees for Texas attorney Robert Painter.

The National Institute of Physical Education was ranked first place at the 3rd Mongolian University Sports Festival, more popularly known as the Universiade Sports Festival, after the overall results were announced on Monday in its closing ceremony.

Mongolia has been named one of the unfriendliest countries for tourists to visit.

Today, May 22nd, is the International Day for Biological Diversity.

The 68th Grand Champion of professional sumo wrestling, Asashoryu D.Dagvadorj, announced that he will become a member of the Democratic party (DP) by receiving a membership certificate today on May 22nd.

One of the three arrested terrorist suspects was forced to leave Mongolia.

Security researchers from Trend Micro have uncovered an active cyberespionage operation that so far has compromised computers belonging to government ministries, technology companies, media outlets, academic research institutions and nongovernmental organizations from more than 100 countries.

The National Statistical Office of Mongolia (NSO) has been conducting the Household Income and Expenditure Survey (HIES) since 1966.

Hohhot (CNS) -- A press conference for a week-long activity aimed at promoting cooperation between Guangdong province and Inner Mongolia was held in Hohhot, Inner Mongolia, on Monday.

Speaker (Marshal) of the Polish Senate Bogdan Borusewicz arrived here on Monday to conduct a four-day official visit at the invitation Speaker of the Parliament Z.Enkhbold.

SANTIAGO, CHILE--(Marketwired - May 21, 2013) - Li3 Energy, Inc. (OTCBB: LIEG ) ("Li3"), a US-listed and South America-based global exploration company in the lithium and minerals sector, and Blue Wolf Mongolia Holdings Corp. (NASDAQ: MNGL ) ("Blue Wolf"), a British Virgin Islands blank check company formed for the purpose of effecting a business combination, announced their entry into an Agreement and Plan of Merger for an initial business combination.

Chinese authorities in Inner Mongolia are investigating fresh clashes between ethnic minority Mongolian herders and Han Chinese settlers over land, as Beijing continues to expand farming and mining in the area, an official source said on Monday.

A Houston attorney who helped to return a rare Tyrannosaurus skeleton to Mongolia has received that Asian nation's top honor - the Order of the Polar Star.

By Paul Sullivan, Georgetown University

As part of U.S. observed Mother’s Day holiday on May 12, international organization, Save the Children presented its 14th annual State of the World’s Mothers report.

The Songinokhairkhan District Labor Department, under the Ministry of Labor, Songinokhairkhan District Prosecutor’s Office and the district’s Police Department held a “Supporting employment of former inmate citizens” event yesterday.

The Export-Import Bank of the United States said its directors had authorised a US$500 million loan for development of Rio Tinto’s Oyu Tolgoi copper-gold project in Mongolia.

Prophecy Coal said that the numbers are in line with its final proposal submission to the Mongolian Ministry of Energy in February of this year.

The former ruling party, the Mongolian People`s Party (MPP) claimed that President Ts.Elbegdorj violated the law on the Election of the President of Mongolia and made a plea to the Authority for Fair Competition and Consumer Protection.

Tokyo and Ulan Bator, May 16, 2013 - (ACN Newswire) - JCB International Co, Ltd. ("JCBI"), the international operations subsidiary of JCB, Bank of Mongolia ("BOM"), chair of the nationwide payment network, and Trade and Development Bank of Mongolia ("TDBM"), a major commercial bank in Mongolia, are pleased to announce the signing of a Master License agreement for merchant acquiring.

Fourteen judokas of Mongolia are qualified to take part in the IJF (International Judo Federation) World Masters tournament, in which the 16 highest-ranking judokas in the World Ranking list in each of the weight classes compete against each other.

The Mongolian men’s basketball team has left for Incheon, South Korea to participate in the 2013 East Asian Basketball Championship for Men.

It has been seven years since Mongolia has not had an ambassador to Malaysia.