Mongolian Economy and Finance

WASHINGTON – Former Secretary of State Hillary Rodham Clinton outpaced President Barack Obama last year in receiving lavish gifts from foreign leaders.

Former Secretary of State Hillary Rodham Clinton has outpaced President Barack Obama in receiving lavish gifts from foreign leaders.

WASHINGTON — Former Secretary of State Hillary Rodham Clinton outpaced President Barack Obama last year in receiving lavish gifts from foreign leaders.

The greater the plant density in a given area, the greater the amount of rainwater that seeps into the ground.

Ulaanbaatar, August 25 /MONTSAME/ At its meeting on Friday, the cabinet discussed a draft law on investments.

China established on Friday its first regional weather modification center for northeast areas in Changchun, provincial capital of Jilin, to better serve agricultural production, disaster relief and ecological environmental protection.

Japan’s Takato Naohisa produced a superb display to down Dashdavaa Amartuvshin of Mongolia in the men’s 60-kilo final at the 2013 World Judo Championships in Rio de Janeiro on Monday.

This comprehensive SWOT profile of Mongolia Energy Corporation Limited provides you an in-depth strategic analysis of the company's businesses and operations.

Mongolia. For years that one word has conjured up a certain magic in my mind.

ULAN BATOR ― POSCO, the nation’s top steelmaker, is stepping up business development in non-steel areas in mineral resource-rich Mongolia. The energy business, along with materials, is a new growth engine for POSCO.

World Water Week 2013 is being held 1–6 September. An  estimated [PDF] 768 million people still use unsafe drinking water sources.

Belarusian PM Mikhail Miasnikovich plans to pay an official visit to Mongolia on September 3-5.

Florida native Jason Chennault is among the world’s most travelled golf course superintendents. As he prepares to open Mongolia’s first golf resort, he tells GCA why he keeps moving

The opening ceremony of the “Boss of Microbus” movie made by the “Mill” movie production company was held at Urgoo Cinema 1 on August 23.

Viva City, a new housing and commercial development in Yaarmag along the Tuul River, hosted the two-day UB Food Festival on August 24 and 25.

The Mongolian national women’s volleyball team will compete in the 2013 Asian Women’s Volleyball Championship.

The Mongolian Sports Journalists Federation and Mongolian Youth Federation’s “Young Cyclist” club have jointly organized the sports journalists’ cycling journey and hike on August 23 and 24.

Too soon the green will turn to brown Oh, much too soon the rain will tumble down Another winter has come to stay Goodbye to summer The Autumn leaves may fall But I can still recall A summer sky Greta Keller’s “Goodbye to Summer”, Lyrics by Suzanne Botterell and Harry Phillips

A dead body was found by police at Narantuul market (the Black Market) after the market caught fire on Friday August 23rd.

The Secretary of the State Emergency Commission N.Enkh-Amar spoke about the situation after the fire at Narantuul market.

For the Eco Night Transportation project, four night trolley buses on two routes have been running between 11:00 pm and 5:00 am for passengers since last July.

The price per kilometer for a taxi ride is set to rise. Ulaanbaatar taxi customers will now pay 1000 MNT per km.

The fire at the grocery section of Narantuul market last Friday caused a death and a large to over 300 renters.

Carbon Energy has completed an entitlements issue to existing shareholders for AUD 2.64 million and a placement to Holder East Capital for an additional AUD 1 million to fund work at its Underground Coal Gasification project in Mongolia.

The “Taste of UB-2013” event is an opportunity to sample the best foods suggested by the best restaurants, bakeries and hot-pots from the many available in Ulaanbaatar.

President Tsakhia Elbegdorj received delegates lead by Minister of People’s Security Gen. Choe Pu Il of the Democratic People"s Republic of Korea (DPRK) in Ulaanbaatar on Wednesday, 28 August.

“Discover Mongolia-2013” International Mining Investors Forum is scheduled to take place at the Mongolian Children`s Palace in Ulaanbaatar on September 5th and 6th 2013.

The Nationwide vehicle registration has been updated for 2013. According to the data, as of August 2013, a total 597,658 vehicles were registered nationwide in the vehicle registration renewal.

Khan Resources Inc. (Khan) has decided not to appeal to the Supreme Court of Canada a lower-court decision to dismiss its efforts to validate, substitute, or dispense with service of its claim against Russian uranium producer Atomredmetzoloto (ARMZ), according to a statement released by Khan Friday.

Vice Foreign Minister of Mongolia D.Gankhuyag and Russian Deputy Foreign Minister Igor Morgulov held a meeting for the Consultation of Ministers of Foreign Affairs in Ulaanbaatar on Thursday August 29th.

The International Arbitration Tribunal has scheduled a five-day hearing in November 2013 for Canadian exploration company Khan Resources’ plea pertaining to Dornod uranium project in Mongolia.

Ministers of both countries agreed to create a common schema to interconnect specific objectives and needs of the Mongolian economy with the capabilities and competencies of Czech companies.

MINSK, 30 August (BelTA) – A governmental delegation led by Belarusian Prime Minister Mikhail Myasnikovich will pay an official visit to Mongolia.

Puntsag Tsagaan, one of four Mongolian directors on Oyu Tolgoi LLC’s board, signaled his intention to resign, website news.mn reported.

This is the quietest season in the northern pasturelands of the Inner Mongolia autonomous region.

During his first visit as EBRD President, Sir Suma Chakrabarti will meet the Mongolian President, discuss economy and investment climate

Factcheck.org reported on Monday that development of GreenTech Automotive's proposed Mongolia automobile manufacturing facility has stalled because promised funding from the Chinese government to GreenTech's joint venture with a Chinese company has fallen through.

Last month, members of a Penn research team transformed a parking space on a Philadelphia street into a public park for a day.

Mining Mongolia's commodities reserves is proving to be tougher than expected. Global miner Rio Tinto said earlier this month it would axe thousands of jobs in one of the world's largest untapped copper deposits, a development that may serve as a warning signal for other foreign companies wanting in.

MINSK, 29 August (BelTA) – The Belarusian automobile engineering company OAO BelAZ will present a mine dump truck with the carrying capacity of 55 tonnes at the national expo of Belarus that will take place in Ulaanbaatar, Mongolia on 5-8 September, BelAZ representatives told BelTA.

- Establishing `Coal to Liquid` plant with Mongolia`s largest private company, MCS - Joint venture `Baganuur Energy Corporation` project to start - Plans to produce 450,000 tons of diesel oil and 100,000 tons of dimethyl ether annually

ULAN BATOR ― POSCO, the nation’s top steelmaker, is stepping up business development in non-steel areas in mineral resource-rich Mongolia. The energy business, along with materials, is a new growth engine for POSCO.

A little known style of opera developed in the late 19th century is enjoying a revival in the Inner Mongolia autonomous region, as older people relive their youth and the younger generation begins to learn the traditional skills. Wang Kaihao and Yang Fang report in Hohhot.

Upon landing in Ulaanbaatar, I wasn’t surprised to learn that Mongolian barbecue is not Mongolian at all.

RIO DE JANEIRO (AFP) - Loïc Pietri of France won his country's first gold medal at the World Judo Championships on Thursday with victory in the men's -81 kg title in Rio de Janeiro.

(BLOOMBERG) -

August 28, 2013 · West Virginia University is well known for its research in the energy fields of coal and natural gas, but for the past several years, trees in another country have taken the spotlight for SOME researchers.

BEIJING--Mongolia's government is moving to scrap a year-old law restricting foreign ownership of strategic assets, including in the mining sector, a senior government official said Wednesday.

Coal China's coal industry will continue to suffer excess capacity problems in the next 5 years, and that its economic growth still depends heavily on coal resources, the China National Coal Association said.

Two intrepid fundraisers have conquered the 10,000 miles, three deserts and 10 mountain ranges of the epic Mongol Rally – in a Nissan Micra.

A pair of charity fundraisers have driven 10,000 miles to Mongolia across 15 countries, 10 mountain ranges and three deserts - in a Nissan Micra.

SEOUL, Aug. 27 (Yonhap) -- A consortium led by POSCO Energy Co., a unit of South Korea's leading steelmaker POSCO, has been named as the preferred bidder for a 1.5-trillion-won (US$1.34 billion) power plant project in Mongolia, the company said Tuesday.

WASHINGTON – Senior military leaders from 22 nations, most in the Asia-Pacific region, are gathered in Mongolia this week to learn about nonlethal weapons and how their forces can more effectively use them, when circumstances require, such as to maintain order during low-intensity conflict or civil unrest.

PROVIDENCE, R.I. (AP) — U.S. Sen. Sheldon Whitehouse has returned from a visit to Mongolia, South Korea and China.

Ulaanbaatar /MONTSAME/ Honorary Consul of Mongolia to the Hashemite Kingdom of Jordan Mr Mustafa Mikdadi has received the exequatur.

The Mongolian flagship cycling race, the Mongolia Bike Challenge, is due to start in the next few days for the fourth year.

POSCO will kick off a coal to liquid business in Mongolia in partnership with a local company there.

GDF SUEZ is pleased to announce, together with its consortium partners, that its preferred bidder status for the combined heat and power plant CHP5 in Ulaanbaatar, the capital of Mongolia, has been confirmed.

Prophecy Coal Corp. ( TSX: T.PCY , Stock Forum ) said Wednesday it has entered into binding coal sale contracts with a number of buyers, covering the sale of over 30,000 tonnes of coal per month from the company’s Ulaan Ovoo mine in Mongolia.

In her mountain bike racing career, pro rider Sonya Looney has faced down territorial moose on remote trails, ridden over rickety bridges straight out of the Temple of Doom — complete with hungry crocodiles circling below — and hiked up Himalayan mountain passes, waist-deep in snow, feet numb from the sub-zero temperatures, all while carrying her bike on her back.

Mongolia will have a better chance of regaining its position as the top exporter of coal used to smelt steel in China after a railway is completed in late 2015, according to the chief executive of Mongolian Mining.

Inner Mongolia Sanwei Resources Group Co. , a Chinese producer of coal, silicon and magnesium, plans to seek about $200 million in an initial public offering in Hong Kong, two people with knowledge of the matter said.

Mongolian Mining Corporation's sales of hard coking coal in January-June 2013 rose 32% year on year to 3.1 million mt, of which 2.2 million mt was washed coal, the Hong Kong-listed company said Wednesday.

Xanadu Mines ( ASX:XAM ) has commenced a second phase exploration program at its Oyut Ulaan copper-gold porphyry project in the South Gobi region of Mongolia.

Sofia. Bulgaria’s Council of Ministers adopted a decision to resume the work of the Bulgarian Embassy to Ulan Bator, Mongolia. 

Strong line-up for Mongolian stage race kicking off on September 1

Mongolia is really worried about falling foreign investment in the country.

BEIJING–Mongolia may scrap a year-old law restricting foreign ownership of what it deems strategic assets including mines, as it struggles to reverse the effects of resource nationalism and a global commodity slump.

August 26 - Mongolia's Mönkhbatyn Urantsetseg ensured a spectacular start to the judo World Championships here today as she denied Japan's Haruna Asami a third successive title in the under 48 kilogram category.

The Bank will focus on sustainable mining but also support development of infrastructure, financial institutions and SMEs.

A consortium led by GDF Suez has been selected by the Mongolian government to build a $1.2 billion coal-fired power  plant in the country’s capital of Ulaanbaatar, reports Bloomberg.

Mongolian driver Amarsaikhan Gantulga shifts down a gear. In the muddy ground of the capital Ulan Bator his car is making slow progress. 

In a bid to reverse the slump that has gripped the economy, Mongolia would be replacing its 2012 Strategic Entities Foreign Investment Law (SEFIL) with a new measure.

(Reuters) - Mongolia plans to scrap a controversial law designed to curb foreign ownership in what it considers to be strategic sectors, such as mining, a government official said, as the country seeks to kickstart its stalled economy .

ULAN BATOR, Mongolia – Paved roads are still a rarity in this country, which is larger than Alaska and where 1.2 million people – 40 percent of the resident population – earn their keep herding livestock.

The Director of the Department of Neighboring Countries at the Foreign Affairs Ministry of Mongolia, T.Tugsbilguun, met with Sun Yaoming, one of the deputy heads of the Asian Department of China’s Ministry of Commerce, from August 19 to 21 in Erlian, China.

There are all kinds of creative ways to utilize space. One of them is building hotels and resorts in the most uncommon destinations and places.

MINSK, 26 August (BelTA) - Belarus and Mongolia are planning to conclude an agreement on cooperation in science and technology.

Ambassador Extraordinary and Plenipotentiary from Mongolia to the Czech Republic D.Zumberellkham met with Vice-President of the Czech Chamber of Commerce Josef Cilek on August 22, reported the Press, Media, and Public Communications Division of the Mongolian Foreign Affairs Ministry.

Two intrepid fundraisers have conquered the 10,000 miles, three deserts and 10 mountain ranges of the epic Mongol Rally – in a Nissan Micra.

It has been 16 years since I left the Philippines to study for a master’s degree in the United States.

Australia has finally beaten Mongolia in average internet download speeds, according to the Net Index by Speedtest.net.

Mongolia plans to scrap a controversial law designed to curb foreign ownership in what it considers to be strategic sectors, such as mining, a government official said, as the country seeks to kickstart its stalled economy.

In the remote Khuvsgul province of Mongolia, mobile kindergartens are providing a new solution to the challenges of educating a nomadic population.

Miss Mongolia, the beauty contest to select the most beautiful woman to represent Mongolia in the Miss World contest, will begin in Ulaanbaatar today, August 26th.

The Minister of Agriculture and Forestry of Laos, Vilayvanh Phomkhe is making an official visit to Mongolia over the next few days.

GDF Suez SA (GSZ) led a group selected to build a $1.2 billion coal-fired power plant in Ulaanbaatar, as Mongolia seeks to ease pressure on the capital’s Soviet-era power infrastructure.

A composer, two-time State Prize Holder, and People’s Artist of Mongolia N.Jantsannorov will perform in a concert named “Mongolian Melody 2” on October 12 in the Kyurian Hall in Tokyo, Japan.

A research conference titled “Mongolian Railway Development Issues” took place at the State Palace on Wednesday.

The Chairman of the Capital City Council, D.Battulga, in charge of implementation of the Ger District Redevelopment Project, visited the project site and met with project contractors.

The influence of John Thompson will be felt in two diverse worlds - Inner Mongolia and Ireland - in coming weeks.

CHINA'S fast growing air travel market is the world's second biggest. But when it comes to flight delays, it's No. 1.