Mongolian Economy and Finance

Hong Kong, Nov 28, 2013 - (ACN Newswire) - Mongolian President Tsakhiagiin Elbegdorj addressed an audience of approximately 200 businesspeople today at a Hong Kong luncheon organised by the Hong Kong Trade Development Council (HKTDC).

Goldpoly New Energy Holdings Limited said it inked a framework agreement for the acquisition of at least 80% in equity interest in the first batch of solar farm projects of GD Solar Co Ltd, GUODIAN Inner Mongolia New Energy Investment Ltd and Forty-Eighth Research Institute of China Electronics Technology Group Corp. Goldpoly New Energy is a China-based photovoltaic solar farm operator.

SHANGHAI, Nov 28, 2013 (Menafn - SinoCast Daily Business Beat via COMTEX) --A dedicated cargo transport road in joint inspection area between China's Erenhot and Mongolia's Zamyn-Uud, which is built with assistance by Inner Mongolia, has come into service.

KIT the Koala helped welcome the Australian Special Olympics team to the Hunter yesterday as they touched down at Newcastle Airport.

Hongjiannao Lake, China's largest desert freshwater lake, has been shrinking sharply over the past 13 years, warned local meteorological authorities on Thursday.

Foreign investors abandoned one-time frontier-market darling Mongolia over the past 18 months amid a dispute over a mine development, but the country hopes a resolution and its new investment law can lure them back.

HONG KONG and BEIJING, Nov. 28, 2013 /PRNewswire/ -- Goldpoly New Energy Holdings Limited ("Goldpoly" or "the Company," HK stock code: 686, whose largest shareholder is China Merchants New Energy Group "CMNE"),today announced that it entered into a Framework Agreement ("Agreement") with GD Solar Co Ltd ("GD Solar"), GUODIAN Inner Mongolia New Energy Investment Ltd ("GUODIAN Inner Mongolia New Energy"), and Forty-eighth Research Institute of China Electronics Technology Group Corp ("Forty-eighth Research Institute") to acquire no less than 80% equity interest in their 1st batch solar farm projects.

26.11.2013 07:14:48 - New Materials market report from GlobalData: "Voyager Resources Limited (VOR) - Metals and Mining - Deals and Alliances Profile"

The Mongolian government pledged Monday to support the gold mining sector.

Russia’s Pacific Fleet will participate in the Vigilant Eagle-2014 drill with the Chinese Navy, the spokesman said on Saturday.

The Ministry of Health, the World Health Organization (WHO), and Millennium Challenge Account in Mongolia have jointly completed the “Heart Attack and Cerebral Hemorrhage Project 2010-2013” at State Hospital No.3 recently.

Mongolian President Tsakhia Elbegdorj is in Singapore on his first official visit. He received a ceremonial welcome at the Istana on Monday morning.

At his talks with visiting Mongolian President Tsakhiagiin Elbegdorj, Ho Chi Minh City mayor expressed his wish that Ho Chi Minh City and the Mongolian capital Ulan Bator should set up a twin relationship.

Ulaanbaatar, MONGOLIA, November 25, 2013 /FSC/ - Mongolia Growth Group Ltd. (YAK - TSX Venture),("MGG" or "the Company") is pleased to announce that UMC Capital LLC ("UMC Capital") has agreed to purchase 100% of Mandal General Daatgal LLC ("Mandal"), subject to the approval of the TSX Venture Exchange, the Financial Regulatory Commission of Mongolia and the satisfaction of certain closing conditions.

Beijing has added more details to its plans to reform the country's taxation system following the conclusion of the high-profile third plenary session of the 18th Central Committee of the Communist Party of China, which was held on Nov. 9-12.

The government of Mongolia, one of the world’s fastest-growing economies, signed Monday a deal with the country’s gold producers association, which aims to reduce illegal extraction of the metal by reducing barriers for them to become formal miners, Xinhua reports .

The Port Fairy Folk Festival has added another 25 acts to its line up, including acts from Mongolia and Ireland.

All Roads Lead to Mongolia for Chairman and CEO of Real Estate Company Mongolia Growth Group

Independent Mongolian Metals and Mining Research, based in Ulaanbaatar, is a third party subscription-based research and analytics vendor that covers Mongolia-related asset classes, primarily global Metals & Mining equities of issuers with significant operations in Mongolia, Mongolia-related fixed income instruments, currencies and commodities aiming at independence and objectivity for the benefit of its clients.Please contact us at dale.choi@mongoliametals-mining.mygbiz.com

On November 24, Le Hoang Quan, Chairman of the People’s Committee of Ho Chi Minh City, welcomed Tsakhiagiin Elbegdorj, President of Mongolia and his delegation on their visit to the City.

Mongolian native sumo wrestler, Yokozuna Harumafuji won his 6th Emperor`s Cup after a fight with fellow Yokozuna Hakuho.

The new Dunjingarav shopping mall has been the subject of a dispute that around claims that the commercial building was constructed on a source of drinking water for Ulaanbaatar City.

Moscow will host the 17th Intergovernmental Committee meeting on Trade, Economy, Science and Technical Collaboration between Mongolia and Russia on November 26th and 27th, 2013.

Life could be seen as a series of moments. Every moment in our life has its reason, distinction and carries a bell that makes a unique sound exclusive for that moment.

Vietnam, New Zealand strengthen defence ties

Petro Matad announces that Mongolian geophysical contracting company Khet Co., Ltd (Khet) completed acquisition of 200 km of 2D seismic on Blocks IV and V on 19 November, 2013.

Ulaanbaatar city, November 21, 2013: Today, the Mongolian banking sector made a public declaration to jointly promote sustainable banking practices in Mongolia.

During Mongolian President Tsakhiagiin Elbegdorj’s visit to Vietnam from November 21-24, the two countries on Thursday issued a joint statement and signed four cooperation deals.

Ulaanbaatar /MONTSAME/ The President of Mongolia Ts.Elbegdorj Tuesday held a meeting with the Speaker of the Upper house of Parliament of Myanmar, Mr Khin Aung Myint.

Mongolian agricultural officials envision their organic meat and vegetables being served on Chinese dinner tables and are looking to foreign investors for help in making this a reality.

Ulaanbaatar /MONTSAME/ On Tuesday, the Mongolian delegates, led by the Deputy Speaker of parliament L.Tsog, held an extended meeting at the Federation Council Committee on Agriculture, Land tenure, Natural resources and Environment protection of Russian Federation in the frame of the visit.

ULAANBAATAR (Mongolia), Nov 21 (Bernama) -- Japanese Ambassador to Mongolia, Takenori Shimizu on Wednesday approved five projects to be implemented here under Japanese government financing, Mongolia's MONTSAME news agency reported.

Mongolia’s state-funded broadcaster has ordered new audio automation systems from French software house NETIA.

Hareon Solar Technology Co. (600401) , a Chinese maker of solar panels, plans to invest 10 billion yuan ($1.6 billion) in 1 gigawatt of solar power projects in China’s northern province of Inner Mongolia.

Mongolian oil explorer Petro Matad ( LON:MATD ) expects to identify at least two drilling locations from its recent 2D seismic acquisition.

Petro Matad Limited ("Petro Matad" or the "Company") Operational Update and participation in Hong Kong conference

Myanmar has invited Mongolia to make investment in various sectors of the country following the enactment of new Foreign Investment Law, state media reported Thursday.

Myanmar and Mongolia issued a joint statement Thursday as Mongolian President Tsakhiagiin Elbegdorj ended his three-day state visit to Myanmar.

Schools in the Inner Mongolia autonomous region are giving students from the Mongolian ethnic group the opportunity to be taught in their mother tongue. Wang Kaihao reports in Bayannur, Inner Mongolia.

HONG KONG—Mongolia's economy is set to rebound in 2014, the country's central bank governor said Tuesday, even though foreign investment flows have slowed because of the continuing weakness in coal and copper prices.

During the regular cabinet meeting on November 14, the construction of a 220 MW hydroelectric power plant at Eg River was discussed and members approved the task group that undertake the project construction.

-Digital Television aerials installed at 89 locations across Mongolia-

THE OFFICE OF THE PRESIDENT OF MONGOLIA, PUBLIC RELATIONS & COMMUNICATIONS DIVISION The Chief of Staff of the President of Mongolia is participating in the World Economic Forum's Summit on the Global Agenda

Deputy Prime Minister Terbishdagva to meet with top procurement experts

The Monthly Armchair Travel has established itself as a successful event at the Coronado Senior Center.

Mongolia’s economy is set to return to strong growth next year, the Asian nation’s central bank governor said November 19.

Mongolia's new law is expected to encourage billions of dollars of Chinese investments, said speakers at the Mongolia 2013 Investment Summit in Hong Kong yesterday.

PERTH (miningweekly.com) – Junior gold developer Viking Ashanti has announced a merger with emerging coal developer Auminco Mines.

Satellite images indicate that China's People's Liberation Army tested two unusually large artillery pieces at a test center for armor and artillery in the desert region of Baotou in Inner Mongolia between two and three years ago, according to an article by Sean O'Connor, a retired intelligence analyst of the US Air Force for the UK-based Jane's Defense Weekly on Nov. 14.

Nov 20 (Reuters) - Hareon Solar Technology Co Ltd

Official inspections in key air pollution areas have revealed various problems including excessive industrial emissions, inadequate waste processing and severe pollution on the land.

Erdene Resource Development Corp. ( TSX: T.ERD , Stock Forum ) reported significant gold and silver results from the first phase of trenching that was completed earlier this month at the company's Altan Nar gold-polymetallic project in southwest Mongolia.

Modun Resources (ASX: MOU) has submitted a Feasibility Study for the Nuurst thermal coal project in Mongolia that highlights its low production costs – estimated at US$11.50 per tonne of raw coal.

Japanese films will be shown at Urguu cinema-2 from today, November 18th, to November 22nd 2013, as part of a film event.

At the invitation of the President of Mongolia Ts.Elbegdorj, the President of the European Commission, Josй Manuel Barroso, paid an official visit to Mongolia between November 17th and 18th, 2013.

Today President Ts.Elbegdorj departed to conduct state visits in East Asian countries including Myanmar, Vietnam and Singapore between November 18th and 29th, 2013.

The Research Center of Astronomy and Geophysics of the Mongolian Academy of Science is holding a number of public events from today until next Friday to mark the “Day for Scientists”.

SHANGHAI, Nov. 18 (SMM) -

Myanmar and Mongolia Monday signed an agreement on mutual visa exemption for holders of diplomatic and special passports, state radio and TV reported.

Hong Kong (Platts)--19Nov2013/453 am EST/953 GMT

The second “Metals Mongolia” conference on mining investment was held this month in Ulaanbaatar.

Ben Gurion University recently signed a memorandum of understanding with China's Elion Resources Group to create a research institute for combatting desertification in Mongolia, the university announced on Sunday.

Sandwiched between China and Russia, Mongolia is the most sparsely populated country on the planet, with just 3 million people. But it’s also home to 48 million livestock.

Modun Resources ( ASX: MOU ) has submitted a Feasibility Study for the Nuurst thermal coal project in Mongolia that highlights its low production costs – estimated at US$11.50 per tonne of raw coal.

Mongolian President Tsakhiagiin Elbegdorj last month stunned North Korean elite students at Kim Il-sung University by telling them, "No tyranny lasts forever."

SHANGHAI, Nov. 18 (SMM) -

ULAN BATOR, November 15 (ChinaMil) -- Dashdembereliin Bat-Erdene, Mongolian defense minister, met with Wang Guanzhong, the visiting deputy chief of general staff of the Chinese People's Liberation Army (PLA), on November 14, 2013 at Mongolia's State Palace.

Black Box Theatre, Ulaanbaatar, Mongolia 17 November 2013

13 November 2013 Origo Partners PLC Interim Management Statement

RESULTS OF RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING HELD FRIDAY 15 NOVEMBER 2013 AT CITY WEST RECEPTION CENTRE

The rights issue announced by Turquoise Hill to refinance maturing Rio Tinto-provided funding for the giant Oyu Tolgoi copper-gold project says pretty clearly that Rio has yet to resolve the impasse with the Mongolian government over the cost and nature of the $US5 billion underground development of the mine.

Mongolian President Tsakhiagiin Elbegdorj will pay a state visit to Myanmar soon, according to an official announcement Friday.

Turquoise Hill Resources Ltd announced its intention to proceed with a USD2.4 billion share offer for copper mine Oyu Tolgoi.

Turquoise Hill Resources has suspended work on development of the underground copper mine at Oyu Tolgoi after the Mongolian government said financing for the project would require parliamentary approval.

Mongolia’s parliament blocked a bill to raise the debt ceiling, a move that could limit the government’s ability to raise money for infrastructure needed to develop the mining sector. 

Loro Piana, an Italian luxury textiles maker and fashion house, is so particular about its materials that it's bought its own natural reserve in the mountains of Peru to protect the vicuna, an endangered species that yields a precious wool.

England's Port Lympne Wild Animal Park has announced the birth of a Przewalski's foal. The species is incredibly rare, and is just now making a comeback after having been declared extinct in Mongolia back in the 1970s.

Nov 14 (Reuters) - (The following statement was released by the rating agency)

Leading law firm Michelmores’ London office has advised private equity groups Bamboo Finance and Triodos Investment Management on the sale of a significant stake in Tenger Financial Group (TFG) to a consortium led by Japanese bank ORIX Corporation and which included the International Finance Corporation and Mongolyn Alt Corporation.

The loan will be used to finance leases to SMEs in need of equipment and machinery

SUNNYVALE, CA, Nov 13, 2013 – Trimble announced today that its Quantm alignment planning system was used for route optimization on the Mongolian Northern Railways project from Ovoot to Erdenet. Quantm was selected to investigate alignment alternatives by Aspire Mining and their appointed consultants, SMEC International, on the 547-kilometer coal freight rail pre-feasibility study.

The median net worth of members of the US Congress – 435 representatives and 100 senators – is a comfortable $440,000, more than six times the wealth of your average American household.

Five Royal Roads University graduates are heading to Mongolia to lend their expertise to small business in the south Gobi region.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2013) - Entrée Gold Inc. (TSX:ETG)(NYSE MKT:EGI)(FRANKFURT:EKA) ("Entrée" or the "Company") has today filed its interim operational and financial results for the third quarter ended September 30, 2013.

Defense delegates from Poland lead by the Polish Under-Secretary of State for the Ministry of Defense, Robert Kupiecki, are making an official visit to Mongolia between 12th and 14th November, 2013.

Local newspapers have reported that the Economic Crime Combat Division of the Criminal Police Department have brought down a South Korean mafia money laundering operation in Mongolia.

President Elbegdorj Initiates a National Consultative Meeting “From a Big Government to a Smart Government”.

Some entrepreneurs have the vision and drive to build an empire with the same force and determination as Genghis Khan.

13.11.2013 00:18:32 - New Materials market report from GlobalData: "Entree Gold Inc. (EGI) - Metals and Mining - Deals and Alliances Profile"

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The Minister of Foreign Affairs of Mongolia L.Bold received Thierry Mariani, the Special Representative for Central Asia from the Organization for Security and Co-operation in Europe Parliamentary Assembly (OSCE PA) on November 12th.

In this week's issue of the New Yorker, a story by staff writer Ariel Levy details her experience traveling to Mongolia while pregnant—and losing her baby to a miscarriage.

Six ethnic Mongol herders stand trial tomorrow in Inner Mongolia after trying to defend grazing land from being seized by a forestry firm, in a case that renews attention on rights abuses and the environment in the resource-rich region.

Over the summer we brought you the story of Winter Vinecki , the teenager with the goal of becoming the youngest person to run a marathon on seven continents.

The Development Foundation of Culture and Art- 2013 photo, film and video exhibition opened at the Mongolian National Modern Art Gallery on November 5.

12 November 2013 ASX ANNOUNCEMENT First Round of Drilling Completed at Darvii Naruu Mongolia

ROHTAK: The three day Inter-Zonal Youth Festival of Maharshi Dayanand University (MDU) UNIFEST-2013 commenced here on Friday with scintillating dance and music performances, and creative literary, artistic expression of participating students.

Turquoise Hill Resources Ltd. (TRQ), the Rio Tinto Group unit that produces copper in Mongolia, said it will restate three years of financial results after a subsidiary decided to change the way it recognizes revenue.

Nov 8 (Reuters) - Coal miner SouthGobi Resources Ltd , controlled by Rio Tinto, said it would restate results from 2011 through 2013 because of an error in the way it booked revenue from coal sales at its Ovoot Tolgoi mine in Mongolia.

Criminal legal proceedings against former government officials in Mongolia have resulted in the cancellation of 106 mineral exploration licenses in the country.

TORONTO (miningweekly.com) – Mongolia-focused coal miner SouthGobi Resources on Friday said it would restate its financial results from 2011 to 2013, because of a change in the point of revenue recognition at its Ovoot Tolgoi mine.

BELGRADE -- Serbian FM Ivan Mrkić and his Mongolian counterpart Luvsanvandan Bold signed in Belgrade on Friday an agreement on visa liberalization.

China's Capital Airlines will open a direct air route next Thursday between Mongolia's capital city of Ulan Bator and Erenhot City in north China's Inner Mongolia Autonomous Region.

This is the second part of Janet Landfried’s series of columns on a trip to China and Mongolia.

Thomas Friedman, a world renowned author, famously declared, “The world is flat.”

On November 3 Mongolia's new, friendlier foreign investment law came into force.

Serbia's Minister of Foreign Affairs Ivan Mrkic and his Mongolian counterpart Luvsanvandan Bold signed the Agreement on the abolishment of visas which enables a free movement of persons and improvement of business cooperation between the two countries.

The Ergun wetland in North China's Inner Mongolia autonomous region is one of the largest in Asia. Belonging to Hulunbuir, Inner Mongolia, it takes about 3 hours' driving from the city to Ergun wetland.

A lifelong horse enthusiast from southern Chester County has been selected as one of a handful of Americans to ride in the 2014 Mongol Derby, a grueling, 1,000-kilometer (621 mile) trek across Mongolia.

The Company is continuing to build an international team and operational capabilities for its wholly owned subsidiary Mongolia Equipment Rental Corporation, the exclusive Hertz Equipment Rental franchisee for Mongolia.

ULAANBAATAR, MONGOLIA -- (Marketwired) -- 11/07/13 -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX:UTM) is pleased to announce that it has entered into an agreement to acquire, through its wholly owned British Virgin Island-registered subsidiary, Jucca Holdings Ltd., a 100% interest in Great Hoard Holdings SARL, a Luxembourg entity that holds a 75% of the share capital of Ashid Munkhiin Zam LLC ("AMZ"), a Mongolian company, in an exchange for 5,363,636 newly issued shares of UTM. AMZ holds road construction, repair and maintenance permits. AMZ intends to seek road construction contracts and tenders in Mongolia.