Mongolian Economy and Finance

25 February 2014

ReportsnReports.com adds report Research Report on Organic Dairy Industry in China to its store.

Asia Society presents a "Beyond the Headlines" panel discussion that will provide an in-depth analysis of the current state of China-U.S.-Japan relations.

A strong cold front will sweep across northern China and help disperse the persistent smog that covers a vast part of the country, the national observatory forecast on Wednesday.

Here's an excerpt from Darmon Richter 's epic tour of a Chinese ghost city :

KUALA LUMPUR: Mongolia may not be a powerhouses in gymnastics, but with the sport growing in popularity in the country that may just change in the years to come.

The tugrug’s rate [against the US dollar] fell over 28 percent which made our purchasing power weaker. Under this condition, the citizens would not be able to benefit from the economy.

Archaeologists in the Inner Mongolia autonomous region have found a coin casting workshop and more than 1.4 million ancient coins dating back to the Western Han Dynasty (206 BC-AD 24), Guangming Daily reported on Tuesday.

Battushig Myanganbayar, a freshman at the Massachusetts Institute of Technology (MIT) from Mongolia , asks me, "Have you ever heard of the 'Freshman 15'?" He's referring to the storied 15 pounds students often gain in their first year of college. I tell him I have heard of it.

BEIJING--February 25, 2014--Researched by Industrial Info Resources China (Beijing, China)--Installed wind-power capacity in Inner Mongolia has reached 18.5 gigawatts (GW), accounting for 24.5% of China's total, according to a recent announcement from the government of the Inner Mongolia autonomous region.

EL PASO, Texas – If Alfred Hitchcock was a romantic, he might have written this scenario.

INNERMONGOLIA, February 25, SinoCast -- Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE: 600887) worked together with Wageningen University and Research Center (WUR) to establish a research and development center in the Netherlands with a purpose to expand the cooperation result in the world's food field.

Bulgaa Altangerel, the Mongolian ambassador to the U.S., spoke last night about Mongolia’s history, economy and future.

Day 75- Camel riding

The Plane Ticket Journals is a series that will focus on professionals age 30 and under that have taken a step to change their lives with the purchase of a plane ticket to somewhere else.

SEOUL, South Korea, Feb. 25, 2014 /PRNewswire/ -- "Thank you, South Korea! My dream is to become a plastic surgeon."

Archaeologists in the Inner Mongolia autonomous region have found a coin casting workshop and more than 1.4 million ancient coins dating back to the Western Han Dynasty (206 BC-AD 24), Guangming Daily reported on Tuesday.

TORONTO, ONTARIO -- (Marketwired) -- 02/21/14 -- Khan Resources Inc. (CSE: KRI) ("Khan" or "the Company") announced today that it has filed its financial statements and management's discussion and analysis for the three months ended December 31, 2013 on SEDAR and has posted these documents to its website www.khanresources.com .

HONG KONG, Feb. 21, 2014 /PRNewswire/ - ASIA PACIFIC BOILER CORPORATION (OTCQB: PADR) ("Asia Pacific" or the "Company") on February 14, 2014 entered into a letter of intent regarding our proposed acquisition of Million Place Investments Limited.

Beijing, China (FSM Information Services): December 6, 2013 - The Federated States of Micronesia continued to expand its reach in the Asia-Pacific region.

(KUTV) Dozens of Mongolian natives living in Utah, showed support for their heritage by celebrating the Mongolian New Year Saturday night.

SOUTH JORDAN — A diverse group of people gathered for a Mongolian Lunar New Year celebration in Daybreak on Saturday to welcome 16 Mongolians who will be staying in Utah for the next year.

The private sector is the main engine that drives the economy forward.

On Friday Khan Resources Inc. filed its financial statements and management’s discussion and analysis for the three months ended December 31, 2013.

Newera Resources ( ASX: NRU ) is poised to start 2,000 metres of diamond drilling to test for potential coal deposits underlying five seismic lines that have produced positive results at its Ulaan Tolgoi coking coal project in Mongolia.

Feb 24 (Reuters) - Inner Mongolia Yili Industrial Group Co Ltd

Recognizing the socioeconomic and humanitarian effects of drought in the Asia-Pacific region, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) initiated the Regional Cooperative Mechanism for Drought Monitoring and Early Warning, under its Regional Space Applications Programme (RESAP).

An emergency fall-arresting system (EFAS) developed and manufactured in South Africa by conveyance safety solutions provider Horne Group was commissioned this month at a large copper mine in Mongolia.

( live-PR.com ) - "Trends and Opportunities in the Mongolian Non-Life Insurance Industry to 2017: Market Profile" is the result of extensive research into the insurance industry, covering the non-life insurance market in Mongolia.

NEW YORK ( MainStreet ) — The number of luxury consumers worldwide has more than tripled in the past 20 years, and will continue its relentless growth for years to come thanks to an increasing number of wealthy shoppers in emerging markets.

The biggest coal sector event in Mongolia, Coal Mongolia 2014 kicked off on Thursday.

A sports event was held at School No.55 of Ulaanbaatar, a special vocational training school for children with disabilities on February 19, reported News.mn.

By MICHELLE BOROK

Everyone has heard of Madame Tussaud’s Wax Museum, where visitors can pose for photos with wax renditions of historical icons, Hollywood stars and famous athletes.

BLOOMINGTON, Ind. -- Bulgaa Altangerel, Mongolia's ambassador to the United States, will visit Indiana University Bloomington on Monday, Feb. 24, and present a free, public lecture.

The Government of India has completed the first phase of the upgradation and modernization of the Rajiv Gandhi Art and Production School (RGAPS) in Ulaanbaatar, Mongolia this week at a cost of Rs.4.7 crore.

In January 2008, an Omaha-based commodity trader placed a $100-a-barrel bid for Oklahoma crude.

(Reuters) - Canadian miner Centerra Gold Inc reported a lower-than-expected fourth-quarter profit, hurt by lower realized gold prices.

Harvard University, CGIS Building, Room S250 Address: 1730 Cambridge Street, Cambridge, MA 02138 Phone: (617) 495-4046 Website: www.fairbank.fas.harvard.edu/event/david-bello

TORONTO, ONTARIO, Feb 19, 2014 (Marketwired via COMTEX) -- Centerra Gold Inc. CA:CG -2.44% announced today its Board of Directors has authorized a dividend of Cdn$0.04 per common share (approximately US$8.6 million at the current exchange rate).

BEIJING, Feb. 19, 2014 /PRNewswire-FirstCall/ -- Yongye International, Inc. ( YONG ) ("Yongye" or the "Company"), a leading developer, manufacturer, and distributor of crop nutrient products in the People's Republic of China, today announced that, at the special meeting of stockholders of the Company held on February 19, 2014, the Company's stockholders approved the adjournment of the special meeting and that the special meeting has been adjourned until 2:00 p.m. Beijing Time, on March 5, 2014, at Jinshan Economic Development Zone, Hohhot City, Inner Mongolia, the People's Republic of China.

Ferrostaal Industrial Projects GmbH, a project developer facilitating worldwide investments, is taking a majority stake in the ‘Sainshand’ wind farm project in Mongolia.

( live-PR.com ) - Since the Mongolian Government´s telecommunications reform program in the mid-1990s, there has been effective liberalisation of all market segments, partial privatisation of the fixed-line incumbent operator, Mongolia Telecom, and establishment of an independent regulator. Mongolia acceded to the WTO in 1997.

( live-PR.com ) - Early evidence from the first quarter suggests that the Mongolian economy has seen a sharp slowdown in activity.

The men’s freestyle wrestling tournament named after Turkish Olympic and World Champion Yasar Dogu took place in Istanbul, Turkey, on February 15 and 16.

Germany-based Ferrostaal Industrial Projects is taking a majority stake in the 52MW Sainshand wind farm in Mongolia.

Ferrostaal Industrial Projects GmbH, a German industrial services company, will take a major stake in a 52 megawatt wind farm project planned for a remote city in Mongolia ’s Gobi Desert.

“Mogi” Munkhdul Badral aggregates all the news from around the world about Mongolia every day and puts it out in his Cover Mongolia service via Twitter, the eponymous website and e-mail.

Fixed line incumbent Telecom Mongolia is looking into entering the domestic wireless market by deploying a 4G Long Term Evolution (LTE) network in the country.

Taiwan and Mongolia signed a memorandum of understanding on renewable energy development Feb. 17 in Taipei City, paving the way toward greater cooperation between the two nations.

A famous teacher who makes 50 USD for an hour of teaching, and an advisor for business investment projects, Ch. Odonbileg says, “Ghosts with bachelor’s degrees walk everywhere on the Ulaanbaatar streets.”

The following is an interview with MP L.Enkh-Amgalan, highlighting his new gallery, career and Blue Pearl project.

The Men’s Freestyle Wrestling Tournament named after Turkish Olympic and World Champion Yasar Dogu took place in Istanbul, Turkey on February 15 and 16.

Mooli studio is planning to stage a musical based on the life of Mongolian pop singer T.Ariunaa.

Mongolian sumo champion, Yokozuna Hakuho M.Davaajargal is currently visiting Mongolia. Upon arrival, the sumo champion told reporters that he will bridge Japan’s prominent auto maker, Toyota with Mongolia.

BelAZ dump trucks with the lifting capacity of 110 tonne have been put into operation at the coal minefield Tavan Tolgoi in the Gobi desert in Mongolia.

Internet users in China joked that stir-fried tomato and scrambled eggs, a common dish in the country, may be the next food fad if a photograph of President Xi Jinping eating the dish with soldiers stationed on the border of Inner Mongolia is posted, reports our Chinese-language sister paper Want Daily.

ESSEN, Germany, February 19, 2014 /PRNewswire/ --

The following is an interview with Mongolia’s most popular engineer, N.Natsagnyam, about his career and his time as an engineering electrician.

A unique solo exhibition by Mongolian artist Ts.Gan-Erdene, “Encounter”, was held at the Munster City Government Office in Munster, Germany from February 3 to 14.

In logic, necessary and sufficient conditions are required for certain things to take place.

A Mongolia-Korea business forum was planned on Friday to strengthen bilateral economic and trade relations and mutual investment between the two countries.

According to Parliamentary resolution No. 2-10 of the year 2014, Mongolia has officially established diplomatic relations with Antigua and Barbuda, the Republic of Burundi, the Republic of Vanuatu, the Republic of Palau, the Republic of Surinam, Sierra Leone, the Togolese Republic, the State of Eritrea and Jamaica, in compliance with the foreign and national security policy of Mongolia as well as Mongolia’s 2012 to 2016 aim to establish diplomatic relations with all member countries of the United Nations.

Leaks to international media about investor concerns with management at Mongolia's third largest bank have again called into question the level of governance that exists in the country's financial sector, which has suffered three bank failures since 2008.

BEIJING, Feb 17 (Bernama) -- China's Ministry of Agriculture (MOA) has confirmed an outbreak of peste des petits ruminants (PPR) or also known as goat plague in northwest Inner Mongolia Autonomous Region.

Taiwan and Mongolia signed a memorandum of understanding Monday to establish institutionalised cooperation in renewable energy generation and energy efficiency management.

VANCOUVER, BC--(Marketwired - February 12, 2014) - Turquoise Hill Resources today provided an update on Oyu Tolgoi's operations, project financing and discussions with the Mongolian Government.

A customer at the pharmacy says, “Instead of going to family doctors, the smallest part of the hospital in Ulaanbaatar, it is better to go to an animal hospital’s doctor – at least one who has experience.”

Foreign Affairs Minister L.Bold presented a speech on the “Mongolia-Hokkaido Workshop on Collaboration”, at an event organized in Sapporo, Japan, on February 10.

NEW YORK ( TheStreet ) -- Turquoise Hill Resources ( TRQ _ ) is tumbling after providing a gloomy update on its Oyu Tolgoi operations, a copper and gold mine located in Mongolia.

Turquoise Hill Resources (TSE:TRQ) (NYSE:TRQ) shares sunk over 7% on Thursday in Toronto after the company last night said further delays might be in order with regards to the underground development of its Oyu Tolgoi mine in Mongolia.

Shares in Turquoise Hill Resources (TSE:TRQ) dropped close to 8% on Thursday after the operator of the massive Oyu Tolgoi mine in Mongolia gave little indication of progress in its negotiations with the government of the Asian nation.

Turquoise Hill Resources ( TRQ -7.6%) says FY 2013 gross revenue for its Oyu Tolgoi gold and copper project in Mongolia totaled $55M, falling short of initial projections , with some sales expected to be deferred into Q2 and Q3 2014.

Canadian Marathon MTB Champion and 2-time Genco Mongolia Bike Challenge Champion, Cory Wallace of the Kona Factory Team, will defend his title again in Mongolia during the event's 5th Edition from August 31 to September 7, 2014.

Feb 13 (Reuters) - Turquoise Hill Resources said year to date sales volume from its Oyu Tolgoi copper and gold mine in Mongolia has fallen short of expectations, citing post-commissioning issues.

Mongolia’s Golomt Bank LLC does not have any shareholders seeking loan repayments, according to a press release from the bank.

SEOUL, Feb. 12 (Yonhap) -- The top diplomats of South Korea and Mongolia agreed Wednesday to broaden their cooperation in inducing change in North Korea, Seoul's foreign ministry said.

MINSK, 12 February (BelTA) – Belarus plans to open its embassies in Australia, Qatar, Mongolia, Pakistan and Ecuador in 2014.

WITH 36 symbols instead of our 26 letters – the Mongolian alphabet is no easy read.

After the housing market bubble burst in the city of Ordos in Inner Mongolia, which led to the liquidation of many of the city's residents' financial assets, people who funded the construction of the city have begun demanding a refund for their money from fundraisers, the Chinese-language Securities Times reports.

A bar-headed goose with a neck collar, spotted in Koonthankulam bird reserve in Tirunelveli district, has flown in all the way from Mongolia.

MONGOLIA is located more than 4,000 miles away in central Asia and counts Russia and China as its neighbours.

Canadian Marathon MTB Champion and 2-time Genco Mongolia Bike Challenge Champion, Cory Wallace of the Kona Factory Team, will defend his title again in Mongolia during the event's 5th Edition from August 31 to September 7, 2014.

The Mongolian Government has successfully and formally commissioned Guildford Coal’s Baruun Noyon Uul (BNU) mine for operations and sales.

Mongolia on February 7 ratified a raft of deals to increase economic ties with North Korea.

Stage Four of the Genco Mongolia Bike Challenge presented by Orbea began from the camp at 2000 meters in the Khan Khentii Mountains and ended in the Berkh Mountains along the Kherlen River.

You named it the top emerging destination in the Wanderlust Travel Awards 2014. Goyo Reston, tour operator and Mongolian native, explains how to get underneath her country's skin.

SEATTLE, WA (MINEWEB) -

Outfits of the Mongolian athletes and coaches to participate in the Sochi 2014 Winter Olympics have become a hot topic among social media, receiving both praises and criticisms.

After the housing market bubble burst in the city of Ordos in Inner Mongolia, which led to the liquidation of many of the city's residents' financial assets, people who funded the construction of the city have begun demanding a refund for their money from fundraisers, the Chinese-language Securities Times reports.

Starbucks China admits the wheat flour in its pastries contains the additive Azodicarbonamide, which is often used to produce foamed plastics such as yoga mats and the soles of sneakers, reports the financial news website of Chinese webportal NetEase.

Chinese police have beaten back ethnic Mongol nomads who were protesting against forestry firms taking their grazing lands in the Chinese province of Inner Mongolia.

The Mongolian Government has successfully and formally commissioned Guildford Coal’s Baruun Noyon Uul (BNU) mine for operations and sales.

The Inner Mongolia autonomous region will launch its first English-language website (http://innermongolia.chinadaily.com.cn/) on Feb 12.

GENGHIS Khan (1167-1227), was the great Mongol military general and strategist who conquered and founded the mighty Mongol Empire, which had stretched across the Asian continent at the time of his death.

Mongolia on February 7 ratified a raft of deals to increase economic ties with North Korea. The agreement is part of an ongoing push by Ulaanbataar's to boost cooperation with the isolated state.

TORONTO (miningweekly.com) – Mongolia-focused thermal coal producer and power plant project developer Prophecy Coal on Monday reported that it had successfully restarted mining at its flagship Ulaan Ovoo coal mine last November, and had recorded continual sales and deliveries to its customers during the fourth quarter ended December 31.

With a population of less than three million, Mongolia is not usually associated with significant footballing achievement.

ULAN BATOR, Feb. 7 (Xinhua) -- The Mongolian government ratified a cooperation agreement Friday with the Democratic People's Republic of Korea (DPRK) in the areas of industry and agriculture.

ULAN BATOR, Feb. 7 (Xinhua) -- The head of one of Mongolia's largest commercial banks has accused foreign partners of spreading biased and unproven stories through western media.

Unursaikhan, 26 years-old and engaged, is a woman following a successful career as a journalist.

In January 2014, ChTZ-URALTRAC LLC, a subsidiary of the Uralvagonzavod Research and Production Corporation, exported 15% more parts to Mongolia than during the same period in 2013.

From February 8-18, the U.S. Department of State’s Bureau of Educational and Cultural Affairs will bring 12 female sitting volleyball players from Mongolia to the United States for an international disability sports exchange.

Instructor at Mongolian State University of Culture and Arts, B.Munkhtuvshin was named the “Top Morin Khuur Player of 2013” at a presidential award ceremony which took place at the Government Palace on February 5.

This is the Year of the Horse for Chinese celebrating the New Year. For its annual Chinese New Year Concert, the Greater Cincinnati Chinese Music Society is presenting Jin Shan, a virtuoso of the matouqin – horse-head fiddle – a rarely-heard instrument, even for native Chinese.

Baku, Azerbaijan, Feb. 7 By Elena Kosolapova - Trend:

She was told not to get her hopes up, that some people had worked on wolverine studies for 20 years and never seen one of the creatures in the wild.

You can hardly find anyone in Mongolia who hasn’t heard the songs of Honored Teacher and composer, L.Galmandak.

The opening ceremony of the 22nd Winter Olympics, symbolizing the peace and togetherness of humankind, took place on February 7, at Fisht Olympic Stadium.

For a brief moment, the success and splendor of the 2014 Winter Olympics opening ceremony took the spotlight off the widely broadcast failures of Sochi.

An Otley student is part of a two-man team about to set off on a 16,000-mile fundraising trip.