Friday, May 31, 2013

Mongolian artist brings steppe winds to Moscow

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 to have guided tour of Government House

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

Ulaanbaatar to host the International Marathon

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

Official: Modern tourism to transform economy

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.

KFC Opens First Store in Mongolia, Plans 15 More Over 5 Years

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.

Belarus invited to develop Mongolia’s mineral deposits

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

Recent changes to Mongolia's foreign investment laws: opportunities and challenges for foreign investors

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.

Soul mining in Mongolia

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

Belarus offers Mongolia to elaborate roadmap of joint projects

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

Mongolia’s Presidential Election Could Be Pivotal for Balancing Future Growth

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.

KFC plants flag in Mongolia

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.

Thursday, May 30, 2013

Rio Tinto Getting Lean And Mean As First Oyu Tolgoi Shipments Approach

By Gary Bourgeault, Disclosure: Long TRQ

MGG CEO: How to Play the Best Bull Markets in the World

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.

Golomt Bank owners are under fierce dispute

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.

PM Altankhuyag N.: $400 million is left from the bond

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.

Mongolia can supply 30 years of its petroleum demand realizing its oil shale reserve

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 nears production at South-Gobi in Mongolia

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.

Mongolia holds book fair for children

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.

Poland to launch projects here worth thousands of euros

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.

Different Origins, Same Destination

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

Over The Valley, into Ulaanbaatar

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.

Re-construction planned for Naadam

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

The unique features of the 6th Presidential Election of Mongolia

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

‘Camerton’ to celebrate their 18th anniversary

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

‘Universe Best Songs’ contest proclaims 2013 winner

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.

S.Nyam-Ochir takes gold at World Masters in Russia

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. 

Solar Lamps Light the Dreams of Children Korean Solar Lamps Lighting Mongolian Homes

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

“Three Neighbors” circus impresses the audience

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

Tyrannosaurus bataar showcase delayed

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 more political parties support incumbent in the election

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.

My deprived childhood inspired me to help street children in Vietnam and Mongolia

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

Inner Mongolia lures Hong Kong investors

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

Mongolia: Russian Universities Beckon Again to Young Scholars

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

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

Yum Plans to Open 15 KFC Restaurants in Mongolia Within 5 Years

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.

KFC Opens In Mongolia As The Nation's First Ever Western Fast Food Chain

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

Wednesday, May 29, 2013

Political parties formally establish election campaign funds

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.

Workers of Petro China insist on negotiation over pay

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.

Steppe singer arrived in Mongolia

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

Ban on picnics in greenbelt until June 10th

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.

Peace medal presented to Resident Country Director of MCC

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 website

Today marks International Day of UN Peacekeepers

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

A New Strategy to Support Mongolia

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.

Guest post: what to look for in Mongolia’s presidential candidates

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.

Limping Economy – Part II

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.

Discovering ancient land and culture at Nadam Fair

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.

Green Mongolia 2013

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

Inner Mongolia Special Nomadic quest turns to tourism

Herdsmen to settle down and preserve grasslands

IFC hosts forum to help Mongolian banks improve competitiveness

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.

CE meets Chairman of Inner Mongolia Autonomous Region

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 to present Mongolia

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.

Mongolia's Economic Growth Must Also Include the Poor - UN

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.

Bundestag Vice-President pays official visit to Mongolia

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 targets new coal areas at Shanagan in Mongolia

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 marks Int'l Day of UN Peacekeepers

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

Mongolia ranks 26th in resource governance

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.

Energy Mongolia-2013 conference and exhibition held

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

Kincora Copper refines exploration targets on its Bronze Fox project in Mongolia

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

In Mongolia, centre helps children with disabilities learn new skills

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 exchange seeks deeper ties with LSE

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.

Sunday, May 26, 2013

Invest Mongolia 2013

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

Ex-Im approves $500 million to finance Mongolian mine project

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.

Back to aid work in Mongolia for Swampscott woman

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.

Saturday, May 25, 2013

Kincora Copper’s Mongolian assets appeal to broker

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.

Tax avoidance: Developing countries take on multinationals

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

Is Mongolia the Next Big Growth Market?

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.

Can God Save Mongolia?

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 to enter capital alliance with Mongolian financial group

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

Co-op Leads Drexel Student to Valleys and Mountains of Mongolia

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.

Kincora Copper refines exploration targets on its Bronze Fox project 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.

Nazarene work expands in Mongolia

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.

Friday, May 24, 2013

Modun Resources sees significant upgrade in Nuurst coal quality in Mongolia

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.

Mongolia seeks feasibility study plan for 300-MW Shuren hydro project

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.

Mongolia Passes Securities Law That Paves Way for Dual Listings

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: Succumbing to the Resource Curse?

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

Mongolia passes new securities law, paves way for giant mine IPO

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.

Thursday, May 23, 2013

Prime Minister holds online discussion with heads of diplomatic missions

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

Political parties express support for presidential candidates

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 introduces the spending of Chinggis Bond

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.

Limping economy

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.

‘Aravt’ wins best film award

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.


Find the best bull markets in the world. Get in early. Buy the best assets. Ignore the volatility. And enjoy the ride.

Inner Mongolia: Herders Attacked In Land Dispute

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

T. Rex suit takes Texas lawyer to NYC and Mongolia

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.

Wednesday, May 22, 2013

Universiade Sports Festival concludes

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.

More security patrols during tourist season

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

International Day for Biological Diversity

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

Asashoryu becomes Democratic party member

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.

Terrorist suspect forced to leave Mongolia

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

Researchers uncover new global cyberespionage operation dubbed Safe

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.

Poverty Rate Came Down to 27.4 Percent in 2012

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

Inner Mongolia, Guangdong to promote new products

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 of the Polish Senate here on official visit

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.

Li3 Energy and Blue Wolf Mongolia Holdings Corp. Enter Into Merger Agreement

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.

Police Probe Fresh Clashes in Inner Mongolia

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.

Houston attorney who helped save dinosaur bones wins Mongolia's highest honor

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.

Monday, May 20, 2013

Energy and Security: Natural Gas and the Example of Pakistan

By Paul Sullivan,
Georgetown University

Mongolia ranks 91st in State of the World’s Mothers report

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.

Advocating for employment of former inmates

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.

US bank authorises US$500m loan for Oyu Tolgoi

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 shares surge on 25 year power tariff agreement with Mongolian government

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.

MPP claim case against incumbent Ts.Elbegdorj

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.

JCB, Bank of Mongolia and Trade and Development Bank of Mongolia Sign Master Acquiring License Agreement

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.

Sunday, May 19, 2013

14 Mongolian judokas going to World Masters

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.

Basketball team heads to East Asian Championship

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

Mongolia considers re-establishing Embassy in Malaysia

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

A Mongolian scientist makes diamonds from calcite

Now the scientists of the Goethe University dreaming of Nobel Prize
In this high-tech laboratory at Riedenberg Dr. Lkhamsuren Bayarjargal makes diamonds from calcite: Because of the strong laser radiation he conducts research with goggles

Mongol 93 petrol will be available from May 16th

The Mongolian Government made the suggestion to take petrol from Huhhot oil refinery, which imports Tamsag oil from Mongolia, during an intergovernmental meeting on minerals and energy between Mongolia and China earlier in 2013.

7 year old Mongolian boy wins Chess Championships 2013

A seven year old Mongolian chess player, Yesuntumur Tugstumur, won the World School Chess Championships 2013 in Porto Carras, Halkidiki in Greece, held on 6th to 15th May.

Erdenes to commence West Tsankhi coal mine in Mongolia

Mongolian state run coal miner Erdenes Tavan Tolgoi is seeking a contractor to commence operations at its West Tsankhi coal mine located within Tavan Tolgoi basin in 2013.

Tapping the Mongolian hoard

ON the streets of Mongolia's capital, Ulaanbaatar, the distinctive sound of the Australian twang is never far away.

Saturday, May 18, 2013

Technical assistant signed on New Railroad Project

The Mongolian Railway State Owned Share Holding Company signed with the Japanese consulting firm, Nippon Koei Group, that has been selected as the technical assistant company for a new railroad project on Tuesday March 14th.

EBRD lends US$20m for Mongolian cement plant build

The European Bank for Reconstruction and Development (EBRD) has signed an agreement to provide a US$20m equity investment to Senj Sant, which will build and operate a 1Mt/yr green-field cement plant in Mongolia.

Former ambassador under investigation for espionage

Local reports say that the General Intelligence Agency is investigating former ambassador from Mongolia to Kuwait, K.Sairaan, on the grounds of high treason in accordance with Article 79 of the Criminal law of Mongolia.

Steppe Singer to perform in Ulaanbaatar

Steppe Singer, Urna Chahar Tugchi from Ordos, Inner Mongolia, is to re-visit Mongolia.

Media to be monitored during Presidential Election campaign

The Authority for Fair Competition and Consumer Protection along with the Press and Media Council of the General Election Commission has been authorized to take control for the upcoming Presidential Election campaigns.

Draig Resources greenlights 2013 exploration program at Mongolian coal licence

Draig Resources (ASX:DRG) and its joint venture partners have greenlighted the Stage 1 of the 2013 exploration program at their coal exploration licences in Mongolia.