Mongolian Economy and Finance

Ulaanbaatar /MONTSAME/ A Vice Speaker of the State Great Khural (parliament) R.Gonchigdorj Wednesday met with Mr Kgalema Motlanthe, the Deputy President of the Republic of South Africa.

Ulaanbaatar /MONTSAME/ A meeting themed " Cooperation in torture prevention" has run at the Government House.

At the invitation by Prime Minister of Mongolia, Deputy President of the Republic of South Africa is making an official visit to Mongolia from October 31 to November 1st, 2013.

October 29 - The World Judo Tour makes its way to China tomorrow as Qingdao's Guoxin Stadium prepares to host the Tours third Asian leg with its very own Qingdoa Grand Prix.

Mongolian President Makes First Visit to North Korea in Nine Years

Mongolian President Tsakhia Elbegdorj said his land-locked country sees North Korea as its “nearest sea outlet” for global exports and could bring in North Korean workers to deal with labor shortages.

Mongolia's economy is currently in a critical phase of its development and the next few months will dictate Mongolia's future growth and its position in the international investment community.

North Korean Premier Pak Pong Ju met with Mongolia’s President Tsakhiagiin Elbegdorj in Pyongyang apparently as part of efforts to take advantage of Mongolia, which aims to bolster its influence in the region.

SEOUL, Oct. 31 (Yonhap) -- Mongolia's President Tsakhia Elbegdorj left North Korea on Thursday with no official confirmation he held a summit meeting with Kim Jong-un, the government said.

This year, the construction sector set a record for buildings rising left and right in the capital city. We interviewed the Deputy Minister of Construction and Urban Development, G.Baigalmaa, about the ministry’s operations.

Sinopec Limited, also known as the China Petroleum and Chemical Corporation has signed a memorandum of understanding (MoU) with the Ministry of Mining to build a brown coal gasification plant in Mongolia. 

Skymedia, a subsidiary of Skytel, one of Mongolia's largest mobile operators, is deploying the Entone Kamai 510 Hybrid Media Player to deliver advanced IPTV services.

When parliament discusses the budget, the arrangements and construction funded by the budget attract public attention.

SEJONG, Oct. 30 (Yonhap) -- South Korea, China, Russia and Mongolia are likely to upgrade the status of a regional association for the development of areas near the Tumen River, the finance ministry said Wednesday.

Mongolia signed off on a raft of cooperation agreements with North Korea on October 29.

Last year, a man was caught trying to sell a stolen Tyrannosaurus skeleton for $1m. But how many more illicit fossils are on the market? And where does Nicolas Cage fit in?

The 14th Great Tumen Initiative (GTI) Consultative Commission* was held in Ulan Bator, Mongolia on October 30.

Afghanistan, Mongolia and Armenia are easier places to start up a business than Britain, according to a heavyweight study by the World Bank.

In 2007, Hollywood superstar Nicolas Cage reportedly bought a skull of a dinosaur at an auction for $276,000 outbidding ‘The Great Gatsby’ star Leonardo Dicaprio.

Seoul (AsiaNews) - The Catholic mission in Mongolia "cannot do the work alone," said Mgr Wenceslao Padilla, apostolic prefect of Ulaanbaatar, during his visit to Seoul.

South Africa's Standard Bank Group (SBK.JO) has agreed to sell its Asian loan portfolio, of around $1 billion, which includes financing of mining projects in Mongolia, Indonesia and other countries, to BNP Paribas SA ( >> BNP PARIBAS ) and others, Reuters reported Wednesday, citing two people familiar with the matter.

Azerbaijan, Baku, October 30/Trend, V. Zhavaronkova/

Canadian mining tycoon Robert Friedland, who made billions from discoveries in Labrador and Mongolia, is embarking on a new career: Hollywood film mogul.

The Prime Minister of Mongolia N.Altankhuyag Monday hosted the “Hours of Construction” meeting to get acquainted with construction work progress at the international airport being built in Khushigt Valley in Tov Province.

The director of ICT Sain Consulting, S.Ochirbat, spoke to the website VIP76 regarding the future development of Mongolia’s roads.

Nicolas Cage just can't seem to avoid odd news stories.

SEOUL, Oct. 29 (Yonhap) -- Mongolia's president stressed that his country will work with Pyongyang to promote stability in Northeast Asia, the North's state media reported Tuesday.

Areva has signed an agreement with Mongolian state-owned nuclear company MON-ATOM to create joint venture company Areva Mines.

When Loyola University New Orleans senior music industry studies major Dimitri Staszewski began his academic career four years ago, he never imagined he would travel 7,000 miles across the globe on a quest to document the changing musical traditions of Mongolian herders.

Strong demand from both the public and private sectors will keep Mongolia’s construction industry busy for the foreseeable future, though the heavy calls on the building trade is stretching resources and pushing up costs.

SEOUL--Mongolia's President Tsakhiagiin Elbegdorj is visiting North Korea, making him the first foreign head of state to go there under Kim Jong Un's leadership.

Ulaanbaatar, Mongolia, October 29, 2013-A new World Bank Group report finds that Mongolia implemented three positive business reforms between June 2012 and June 2013, making it easier to start a business, deal with construction permits, and access electricity.

Ulaanbaatar /MONTSAME/ Mongolian bank customers can now own the world-wide used American Express cards.

Cogegobi, the Mongolian subsidiary of AREVA, a nuclear group based in France, has activated its uranium exploration in Mongolia again after a temporally halt due to local resident opposition.

Ulaanbaatar /MONTSAME/ Mongolia's Academy of Sciences (MAS) elected its vice presidents, scholar-secretaries and presidium at its congress recently.

MANILA, Philippines -- Tagaytay (Philippines) toppled Ulaanbaatar (Mongolia), 2.5-1.5, in the seventh round of the 2013 Asian Cities Chess Team Championship late Thursday in Tagaytay.

Beijing, Oct 25 (PTI) China today said successful visits by Prime ministers of India, Russia and Mongolia here showed the importance Beijing is attaching to its neighbours.

North Korean workers toil in factories and on building sites, Kimjongilia flowers bloom at a special exhibition, and a restaurant serves plates of bulgogi as another patriotic song blares from a television.

The Tokyo District Court earlier this week postponed their decision on whether or not to approve the sale of the former headquarters of the pro-Pyongyang General Association of Korean Residents in Japan or Chongryon to the “mysterious” Mongolian company that won the auction bid for the building.

China's top legislator, Zhang Dejiang met with visiting Mongolian Prime Minister Norov Altankhuyag in Beijing on Friday.

China’s plans to develop coal-to-gas plants as part of efforts to reduce air pollution may pose a threat to water supplies in arid regions, according to a research group involved in climate and energy issues.

Chinese President Xi Jinping met with Mongolian Prime Minister Noroviin Altanhuyag in Beijing on Friday and pledged to further advance the strategic partnership between the two countries.

China and Mongolia on Friday signed a document that outlines key areas of cooperation for the development of their strategic partnership in the medium and long term.

Course will reach out to hard-to-service rural areas Author(s): Svitlana Pyrkalo Date: 25 October 2013

Prime Minister Norovyn Altankhuyag said a raft of investment deals would help build up infrastructure and deepen ties with the country's largest customer for its resource exports.

President Xi Jinping and Premier Li Keqiang held separate meetings with Mongolian Prime Minister Norovyn Altankhuyag in Beijing on Friday, where the two countries signed a document on long-term partnership.

TAGAYTAY CITY—Grandmaster Mark Paragua struck in the seventh round as host Tagaytay squeaked past Ulaanbaatar (Mongolia), 2.5-1.5, and boosted its bid for the Asian Cities Chess Team Championship-Dubai Cup title late Thursday night.

NewswireToday - /newswire/ - Paris, Ile de France, France, 2013/10/25 - French Minister of Foreign Affairs, Mr. Laurent Fabius, GDF SUEZ signed a Memorandum of Understanding (“MOU”) with Newcom, a leading Mongolian conglomerate, relating to the development of future renewable energy projects in the country.

ULAANBAATAR, MONGOLIA -- (Marketwired) -- 10/25/13 -- I am delighted to be here today with President Elbegdorj to reaffirm the ties of friendship and co-operation between Canada and Mongolia.

PERTH, Australia — When Bishop Wenceslao Padilla arrived in Mongolia with two other missionary priests in 1992, there were no Catholics in the Central Asian country.

Mongolia's president will visit Pyongyang next week, becoming the first head of state to meet North Korean leader Kim Jong-Un since he came to power nearly two years ago.

Avar Limited Liability Co. of Mongolia has denied any involvement by North Korea or other countries in the company’s plan to buy the Tokyo head office of a pro-Pyongyang group, according to Mongolian media reports.

Mongolians have long prided themselves on their prowess in the three "manly" sports: wrestling , riding and archery.

China and Mongolia vowed on Friday to strengthen cooperation in interconnection, as the northern neighbor reportedly seeks another link to the Pacific Ocean aside from Tianjin.

ULAN BATOR: French energy giant GDF Suez on Friday signed an agreement with private Mongolian firm Newcom to build a thermal power plant in the fast-developing country, which still suffers from blackouts.

The mining sector makes up about 20% of Mongolia’s GDP, 40% of its budget income, 85% of its investment and 90% of its exports, but the uncertainty that permeates everything from the security of mineral tenure and resource rights to the enforcement of commercial contracts has taken a big toll on foreign direct investment levels, the growth of the private sector, and the nation’s foreign debt, warns Dale Choi, the Ulaanbaatar-based founder of Independent Mongolian Metals & Mining Research.

YAKIMA - Yakima Valley Community College’s 2013-14 faculty lecture series kicks off on on Wednesday, Nov. 13, with Dr. Kelley Denome talking about veterinary service development in Mongolia.

Chinese Premier Li Keqiang and Mongolian Prime Minister Norov Altankhuyag held talks in Beijing on Friday, pledging to promote their strategic partnership and strive for pragmatic cooperation.

ULAN BATOR – The mysterious Mongolian company that recently made a winning auction bid for the Tokyo headquarters of a pro-North Korean association did so purely for business reasons, its president claimed Thursday.

Kincora Copper ( CVE:KCC ) has identified a number of "large scale, high priority" follow up targets at its flagship Bronze Fox licence in Mongolia.

Photo taken on Oct. 23, 2013 shows a vehicle sliding out of the road in Hexigten Banner, north China's Inner Mongolia Autonomous Region. Photo taken on Oct. 23, 2013 shows a vehicle sliding out of the road in Hexigten Banner, north China's Inner Mongolia Autonomous Region.

Milk prices have been steadily rising in China for the past 13 months owing to a shortage in milk supplies and lower quality "bagged" milk remaining out of stock nationwide, reports the Guangzhou-based Southern Metropolis Daily

In a positive development for Rio Tinto ( RIO ), customers of its copper output from the Oyu Tolgoi mine in Mongolia have resolved a months-long dispute with the Chinese customs authorities.

IT'S a mad, mad, mad, mad world but this time the loot is for charity and the contestants are a gang of emergency department workers at Cairns Hospital.

Due to the dengue fever outbreak that has caused 109 deaths in India, where more than 50 thousand people have been affected this year, the Ministry of Foreign Affairs of Mongolia has issued a travel warning for travelers to India.

It wasn't that they were unfriendly - they had repeatedly offered him of vodka, which, not being much of a drinker, he'd refused.

Efforts are underway in the Gobi Desert to save a newly discovered species of camel from extinction.

The Mongolian version of President Park Geun-hye’s autobiography was recently published in Mongolia.

Ulaanbaatar /MONTSAME/ Our chess players are taking part in the Asian Cities Chess Team Championship for the Dubai Cup.

Ulaanbaatar /MONTSAME/ To celebrate the fiftieth anniversary of Mongolia-Austria diplomatic relations this year, the Mongolian Embassy in Vienna is co-hosting a symposium with the Mongolian Culture and Europe Association.

Ulaanbaatar /MONTSAME/ With the official visit to the People’s Republic of China (PRC), the Prime Minister N.Altankhuyag Wednesday delivered a speech at the 14th Western China International Fair.

Ulaanbaatar /MONTSAME/ Minister for Foreign Affairs of Mongolia L.Bold Wednesday received Ambassador of Turkey to Mongolia Mr Mustafa Sarnic, in connection with the latter’s returning home.

Ulaanbaatar /MONTSAME/ Permanent Representative of Mongolia to the Organization for Security and Cooperation in Europe (OSCE), Ambassador G.Batjargal addressed the 967th meeting of the OSCE Permanent Council in Vienna October 17.

With the wind chill, temperatures in Ulan Bator, Mongolia, dipped below 10 degrees last week. Still, Harris Kupperman showed up for his job in a short-sleeve polo and Ray-Bans, an iced coffee in hand.

Ulaanbaatar /MONTSAME/ After being welcomed at the Capital international airport of Beijing by both countries' officials, the Prime Minister of Mongolia N.Altankhuyag with his cortege headed to Sichuan province, and received the province governor Wei Hong there.

It was my last night in the capital city of Ulanbaataar (UB) during my first visit to Mongolia.

Prime Minister of Mongolia N.Altankhuyag is on the third day of a state visit to China.

On the invitation of the Minister of Foreign Affairs of Mongolia, L.Bold, the French Foreign Minister Laurent Fabius is to pay an official visit to Mongolia on Friday October 25th.

SOUTHERN GOBI REGION, Mongolia, Oct 24 (IPS) - Decades of international and local collaboration have brought the Tahki or Asian Wild Horse back from the brink of extinction and reintroduced herds to Mongolia’s Gobi desert and grasslands.

Ulaanbaatar /MONTSAME/ A Deputy Director of the Department of International Organizations of the Foreign Ministry V.Olziibayar Monday delivered a report on our government's policy towards children's rights, at the 3rd Committee debate on "Promotion and Protection of the rights of children" of the 68th UN General Assembly.

Mongolia: A president of the Mongolian Alt Corporation (MAK) has announced that the Khukh Tsav cement plant will be able to produce 2Mt/yr of cement from 2014.

Ulaanbaatar /MONTSAME/ In ongoing 2013 AIBA World Championship in Almaty, only one Mongolian boxer, U.Monkh-Erdene (21) is continuing his fights for a medal.

Ulaanbaatar /MONTSAME/ The Mayor of Ulaanbaatar city E.Bat-Uul Tuesday received the Honorary Consul of Mongolia in Germany’s Hamburg city Mr Marcus Reinberg.

Ulaanbaatar /MONTSAME/ A delegation headed by N.Udval, the Minister of Health, is taking part in the sixty-fourth session of the World Health Organization (WHO) Regional Committee for the Western Pacific.

Ulaanbaatar /MONTSAME/ Director-General of the Erdenet Mining Corporation Mr Ts.Davaatseren has been elected the president of Mongolia’s Fencing Federation (MFF).

Ulaanbaatar /MONTSAME/ A short film "Prohibited", the winner of 48 Hour Film Project (48HFP) in Mongolia, will be screened at Filmapalooza, the project’s annual screening and awards weekend in New Oreland, USA on November 1-4.

Ulaanbaatar /MONTSAME/ The Presidential Office will continue for journalists a program on studying in the USA.

Ulaanbaatar /MONTSAME/ Mongolian students now can study full-time courses at postgraduate level at UK universities with a scholarship by the governments of the two countries.

Ulaanbaatar /MONTSAME/ The Foreign Minister of Kazakhstan Mr Erlan Idrisov Monday sent a letter to Mr L.Bold, the Mongolian Foreign Minister.

Ulaanbaatar /MONTSAME/ The Minister of Foreign and European Affairs of the Republic of France Mr Laurent Fabius will pay an official visit to Mongolia on October 25-26.

Ulaanbaatar /MONTSAME/ The Prime Minister of Mongolia N.Altankhuyag Tuesday started his official visit to the People’s Republic of China (PRC).

Ulaanbaatar /MONTSAME/ Two projects titled "Localities economics development" have been implemented in Zavkhan aimag in frames of an economics support program by ADRA-Mongolia, an international non-profit organization /NPO/.

Ulaanbaatar /MONTSAME/ A competition named " Who will sing the Japanese songs best" will run October 26 in the UB city.

Sumitomo Mitsui Banking Corp. has become the first Japanese bank to open an office in the central Asian nation of Mongolia, opening a representative office in Ulaanbaatar, the landlocked nation's capital, on Oct. 23.

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/23/13 -- Kincora Copper Limited (the "Company", "Kincora") (TSX VENTURE:KCC) is pleased to provide an update on recent operational and corporate activities:

(Reuters) - A customs dispute that had been holding up copper concentrate shipments from Rio Tinto's (RIO.AX)(RIO.L)(RIO.N) massive Oyu Tolgoi mine in Mongolia has been resolved, Turquoise Hill Resources Ltd (TRQ.TO) said on Monday.

Mongolia's nomads have roamed its sprawling grasslands for centuries, pitching their yurts wherever they find pasture for their animals, but now Tsogtsaikhan Orgodol is staying put as part of a scheme to tackle chronic overgrazing.

The first international copper and gold shipment from Rio Tinto’s (ASX, LON:RIO) $11 billion Oyu Tolgoi mine in Mongolia is finally on its way to China after a three-month bureaucratic hold-up at the border between the two nations.

TAGAYTAY CITY – Tagaytay swept Erdenet, Mongolia, 4-0, Sunday at the start of the 2013 Asian Cities Chess Team Championship also known as Dubai Cup at the Tagaytay International Convention Center Sunday, here.

Who is Bataar?

Rio Tinto’s (ASX: RIO) $6.2 billion copper and gold project in Mongolia has finally began to record revenues, months after the completion of construction and first production.

Temperatures in most northern Chinese provinces will plunge over the next three days as a cold front approaches, while fog and haze will linger in the northeast, the national observatory said on Tuesday.

Ulaanbaatar /MONTSAME/ The Prime Minister N.Altankhuyag Monday ran the "Hours of great construction" meeting to get au fait with a construction works of an international airport in Khoshigt Valley, Tov aimag.

On 16 October 2013, Vice Foreign Minister Liu Zhenmin co-chaired annual consultations between Vice Foreign Ministers of China and Mongolia with Deputy Minister of Foreign Affairs D. Gankhuyag of Mongolia.

Polish mining machinery producer Famur may sign contracts worth $100 million with companies in Mongolia, Economy Minister Janusz Piechociński said.

Buyers of copper from Rio Tinto Group's $6.6-billion Oyu Tolgoi mine venture in Mongolia have been approved to collect their orders, ending a four-month wait that had stalled sales from the project.

On the invitation of the President of Mongolia the Governor General of Canada David Johnston is to visit Mongolia on 25th and 26th October.

Ulaanbaatar /MONTSAME/ The cabinet Saturday supported in principle a draft of general financial agreement of the "Program on developing ger districts and supporting investments" and decided to consult it with parliament's related Standing committees.

Today the Polish First Lady, Anna Komorowska, visited the Down Syndrome Association of Mongolia (DSAM) at their Specialist Centre, as part of the official state visit to Mongolia by President of Poland Bronislaw Komorowski on 21st October.

Ulaanbaatar /MONTSAME/ The Concurrent Non-Resident Ambassador Extraordinary and Plenipotentiary of Mongolia to the Republic of South Africa B.Odonjil October 16 presented his letter of credence to the President of the latter country Mr Jacob Zuma.