Mongolian Economy and Finance

People’s Pharmacy on black pepper to stop bleeding, the risks of statins and mosquito-bite relief.

CHINA is turning to aerial drones to monitor pollution, with its biggest mission to date finding illegal emissions by some of the largest industrial companies in the country’s northern provinces.

Korean Air held a ‘donation ceremony’ on 26 June at Gun Galuutai Complex School nearby Baganuur, Ulaanbaatar to formally handover to the school thirty computers with desks and chairs.

One of Rio Tinto's largest projects has hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

The Tourism Bureau of Inner Mongolia autonomous region announced its new tourism promotion campaign on June 27 in Beijing at a press conference to introduce its prime tourism resources.

BRAVE Jess Kwong is set to embark on what has been described as the most extreme race on horseback the world has ever seen.

The Crown Worldwide Group has made a strategic investment in the emerging market of Mongolia by pioneering the country’s first state-of-the-art facility in Ulaanbaatar.

A flourishing racket in ‘mail order brides’ has come to light, in which young women from low-income Asian countries like Nepal are lured into marriage with men far older than them in relatively wealthy Asian countries like South Korea.

Manhattan, NY- June 28, 2014 – ( Techsonian ) – Turquoise Hill Resources, ( NYSE:TRQ ), recently released that a notice of dispute with the Government of Mongolia has been filed. The Investment Agreement outlines the dispute resolution process.

The Asian Development Bank (ADB) has set up a new trust fund to support the adoption of advanced low-carbon technologies in its developing member-countries with a grant of about $17.65 million from the Japanese government.

The Canadian government on Saturday designated the Philippines as a “Country of Focus “ of its international development assistance program.

NAIROBI, Kenya, June 28 – United Nations Secretary General Ban Ki Moon on Saturday adopted a six-month-old lion cub which he named Tumaini at the Nairobi National Park.

A North Devon man who has travelled 60,000 miles through 34 countries on his trusty moped is gearing up to travel the length of North and South America.

United Nations Secretary-General Ban Ki-moon called on the international community on Saturday to have "inclusive dialogue and inclusive policies, embracing all different groups of people" when dealing with international terrorism.

MANILA - The Canadian government has designated the Philippines as a "Country of Focus" of its international development assistance program, a move seen to boost its support for the country’s poverty eradication campaign, among others.

China has mobilized drones to gather air pollution data in key northern areas to assist an inspection on how well environmental laws are enforced, according to the Ministry of Environmental Protection.

OTTAWA - The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

OTTAWA — The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

The Harper government is expanding its foreign aid priority list by five countries, widening the pool of recipients to the level set by the previous Liberal government.

China ’s northern city of Hohhot waived checks limiting the number of homes each resident is allowed to own, becoming the first in the country to ease government policies to rein in real estate prices.

More cities may follow suit as govt considers market-based approach

FIVE HILLS TRAINING AREA, Mongolia - Bang! A hand grenade goes off. Mongolian role players yell, “Help me!” as they pretend to be injured from the training grenade.

FIVE HILLS TRAINING AREA, Mongolia -- Nestled in a grass-covered valley surrounded by a panoramic view of rolling hills and low mountains lined with skyward-reaching rock formations, covered by an expansive sky that seems to go on forever, the Five Hills Training Area of the Mongolian Armed Forces came to life with the arrival of Soldiers for the Field Training Exercise (FTX) portion of Khaan Quest 2014 that began June 20.

SHANGHAI--A city in northern China reversed course twice this week and is now dropping its limits on the purchase of second homes, in a sign of the uncertainties in China's softening property market.

Kohima, June 27 (MExN): Two of the three satellite-tagged Amur Falcons which were released from Nagaland on November 7, 2013 have reached Inner Mongolia.

Ulaanbaatar, Mongolia, June 27, 2014 — On June 26-27, The Asia Foundation and the General Agency for Specialized Inspection (GASI) held a national training workshop, “Developing a rehabilitation methodology for small-scale mining, ensuring the proper use of natural resources, and protecting biodiversity and habitats,” at the GASI Conference Hall. The workshop was organized as part of the second phase of the Engaging Stakeholders in Environmental Conservation Project (ESEC II) designed to enhance the contribution of Mongolia’s artisanal mining sector to sustainable local development.

Ulaanbaatar. June 27, 2014 -- How can the citizens of Mongolia be protected from disasters?

On June 24, 2014, Foreign Minister Wang Yi, in his meeting with President of Mongolia-China Joint Committee on Economic and Trade Cooperation on the Mongolian side and Deputy Prime Minister of Mongolia Dendev Terbishdagva in Ulan Bator, expressed that China-Mongolia economic and trade cooperation should take connectivity and major project cooperation as a priority.

On June 25, 2014, President Tsakhiagiin Elbegdorj of Mongolia met with Foreign Minister Wang Yi at the Government Palace in Ulan Bator.

For my 23rd birthday, I was lucky to be able to take a trip to the pristine Khuvsgul Lake in Mongolia.

(Reuters) - A city in northern China re-affirmed its decision on Friday to allow people to buy more than one home, after appearing earlier this week to have rowed back on a move that could risk angering the central government.

Press Release No. 14/311 June 27, 2014

With an abundance of minerals and one of the world's fastest growing economies, Mongolia is a hotspot for mining companies. But, lawmakers are struggling to ensure the environment doesn’t pay a heavy price.

The government here has embarked on a series of sweeping reforms to the country's legal system, including provisions that aim to prevent crimes of hate, bigotry and discrimination.

Ulaanbaatar, June 27, 2014 (ABN Newswire) - Frontier LLC provides update for this year's "Invest Mongolia", 8th annual Conference 2014, to be held on September 2nd & 3rd in Ulaanbaatar, Mongolia.

The Mongolian translation of the three volume book “1Q84”, by Haruki Murakami, was released on June 26 at Internom Bookstore.

Why ‘World Cup Fever’ may not end at the final whistle

When holding talks with Foreign Minister Luvsanvandan Bold of Mongolia in Ulan Bator on June 24, 2014, Chinese Foreign Minister Wang Yi said that the current China-Mongolia relations face important development opportunities.

Newly constructed extension of the Central Food Laboratory of SAMO Scientific Food Research and Manufacturing Institute opened on Wednesday with the aim to improve food safety in Mongolia.

America’s Got Talent reality television series’ season nine is taking place in Las Vegas, USA currently.

During the irregular governmental meeting on Wednesday, approval was given to the Development Bank of Mongolia’s Board of Directors to establish a 75 million USD contract with Vnesheconombank of Russia, the Bank of Foreign Economic Activity, in order to re-finance capital demanded for installing and buying a 100 Megawatt turbine generator to improve the capacity of Thermal Power Plant No. 4.

Chinese Foreign Affairs Minister Wang Yi visited Mongolia from June 24 to 26. Deputy Minister of Foreign Affairs D.Gankhuyag gave an interview regarding the visit.

Jockeys under seven not allowed to race horses during Naadam June 27 (UB Post) The State Specialized Inspection Agency is working to ensure safety of child jockeys this year.

5 Billion Financial Support with 5 % interest rate for SME’s June 27 (Mongolian Economy) SME, small- and medium-sized enterprises held their first big forum today to discuss policies being implemented regarding the function of SMEs. The city government talked with representatives to ask for their opinion reflecting on a SME supporting program they hope to establish. Currently, there are over 26,000 small- and medium-sized enterprises in the city who sent 350 representatives to partake in today’s event. 

“Cherished Mongolian Horse” Exhibition Opened to Promote Culture and Tradition June 27 (infomongolia.com) In the scope of the 90th anniversary of establishing contemporary museum in Mongolia and the 93rd anniversary of celebration of the People’s revolution, Mongolian Military Museum in collaboration with the Museum of Dundgovi Aimag have opened a “Cherished Mongolian Horse” exhibition in Ulaanbaatar.

It has been reported that the two satellite tagged Amur Faclons named Pangti and Naga have returned back to Mongolia. However, another Amur Falcom named Wokha seemed to be still stuck in Africa.

(Reuters) -

For the last four years, Mongolia has had one of the fastest growing economies in the world, clocking double-digit growth on the back of a mining boom.

( live-PR.com ) - Synopsis Fortified Wine Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Fortified Wine market in Mongolia.

Turquoise Hill Resources Ltd. (TRQ) ’s tax dispute with Mongolia shouldn’t derail $4 billion of project financing to expand the Oyu Tolgoi copper mine part owned by Rio Tinto Group, a local director at the resource’s operator said.

press release

The first-ever United Nations Environmental Assembly is being hosted in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges, including green economy financial mechanisms, the illegal trade of wild animals and plants, sustainable environmental consumption, as well as development outlooks through 2015.

Last week, Ambassador of Mongolia to the United States B.Altangerel signed an agreement on the repatriation of Mongolia-originated items collected at the U.S. Immigration and Customs Enforcement Department (ICE).

Viking Mines – formerly Viking Ashanti – has signed a second future coal supply agreement with a Mongolian government power authority.

Viking Mines ( ASX:VKA ) has signed a second future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.

ULAN BATOR, June 25 (Xinhua) -- Mongolian President Tsakhiagiin Elbegdorj held talks with visiting Chinese Foreign Minister Wang Yi here on Wednesday, with both sides vowing to promote bilateral ties to a new level.

Last weekend, the “100 Important Topics” program aired on several channels and online, stating that transporting coal to China by narrow-gauge railroad might pose a threat to national security.

VANCOUVER, BC, Jun 25, 2014 (Marketwired via COMTEX) -- Following receipt of an audit report from the Mongolian Tax Authority claiming unpaid taxes , penalties and disallowed entitlements associated with the initial development of the Oyu Tolgoi mine, Turquoise Hill Resources today announced that a notice of dispute with the Government of Mongolia has been filed.

LONDON—A massive Mongolian copper mine in which Rio Tinto has a major interest looks set for further delays, after the company which owns the rights to the mine said it would challenge tax claims made by the country's authorities.

FIVE HILLS TRAINING AREA, Mongolia (June 24, 2014) -- Hundreds of service members and distinguished guests from U.S. Army Pacific and surrounding countries gathered for the Khaan Quest 2014 opening ceremony, held at the Mongolian Armed Forces Peace Support Operations Training Center at Five Hills Training Area here, Friday.

Ulaanbaatar streets give residents a reason to smile June 26 (UB Post) In the past few weeks, bright yellow smiley faces have been painted on manhole covers along main roads and streetlight poles along Baga Toiruu and University Street have been painted in light green as part of urban image improvement programs of the Ulaanbaatar Governor.

Mongolia Produces 1.5 Thous. Ton of Molybdenum in May Ulaanbaatar, June 26 (MONTSAME) Mining Ministry officials informed at "Transparent Mining" press conference that a monthly production of molybdenum reached 1.5 thousand ton the last month.

From Bad to expensive? June 26 (Mongolian Economy) It was six or seven years ago when Mongolia first set out to build 1,800 kilometres of new railway to increase the volume of exports to China.

Mongolians at UNEA in Nairobi Ulaanbaatar, June 26 (MONTSAME) A delegation of Mongolia is participating in the first UN Environment Assembly which is running in the United Nations Environment Programme (UNEP) Headquarters Nairobi, Kenya.

Standing Committee Head Meets OSCE/ODIHR Division Chief Ulaanbaatar, June 25 (MONTSAME) A head of the parliamentary Standing committee on petitions and chairwoman of the working group for drawing up a bill on general elections R.Burmaa Wednesday received Dr Marcin Walecki, a chief of Democratic Governance and Gender Unit at the OSCE Office for Democratic Institutions and Human Rights.

Foreign Minister of People’s Republic of China, Wang Yi Pays Official Visit to Mongolia June 25 (infomongolia.com) At the invitation of the Minister for Foreign Affairs of Mongolia, Mr. Luvsanvandan BOLD, Minister for Foreign Affairs of the People’s Republic of China, Mr. Wang Yi is paying an official visit to Mongolia on June 24-26, 2014.

French nuclear group Areva expects uranium prices – under pressure since Japan’s Fukushima accident more than three years ago – to rise again, perhaps later this year or next, a company official said on Monday.

Demand for refined copper will overtake the current surplus by 2019, says Zimtu analyst Derek Hamill.

In New York trade on Monday September copper jumped to a high of $3.151 a pound after data out of China shows manufacturing activity at a seven-month high.

NEW YORK , June 25, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Baby Food and Infant Formula Market 2014-2018 report analyzes companies like Abbott Laboratories, Danone SA, Mead Johnson & Co. LLC, Nestle SA, Ballamy Organics, Ella's Kitchen Friesland, H.J. Heinz Co., Hero Group, HIPP, Inner Mongolia Yili Industrial Group Co. Ltd., Manna Foods, Meiji, Morinaga, Nurture Inc., Parent's Choice, Plum Organics, Stonyfield Farm Inc., Sprout Foods Inc.

This is the final Mongolian post in our Trans-Siberian Series, exploring a very unique and surprising list of the best-selling models in the country.

(Reuters) - A city in northern China on Wednesday appeared to rescind a decision to lift curbs on home purchases, highlighting the tension between central and regional governments over winding back controls on property.

We are looking for: A FINANCE AND HR COORDINATOR

New production capacity in Mongolia’s cement industry is set to meet rising demand as advanced technology is replacing old equipment, moving towards self sufficiency in one of the key materials in the construction trade.

press release

ULAANBAATAR, Mongolia - Khaan Quest is a regularly scheduled, multinational exercise co-sponsored this year by U.S. Army Pacific, and U.S. Marine Corps Forces Pacific, and hosted annually by the Mongolian Armed Forces.

About 1,200 troops from 23 countries are participating in a peacekeeping drill in Mongolia's Five Hills military field, southwest of the capital.

HONG KONG, CHINA--(Marketwired - June 24, 2014) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") previously announced on May 13, 2014 that the charges for alleged violation of Mongolian tax law had been officially filed against the Company's three (3) former employees and against the Company's Mongolian subsidiary SouthGobi Sands LLC ("SGS") as "civil defendant".

The trial of a tax investigation case into SouthGobi Resources Ltd. (SGQ) and three of its former employees is set to begin in Mongolia next week.

FIVE HILLS TRAINING AREA, Mongolia -- Hundreds of service members and distinguished guests from U.S. Army Pacific and surrounding countries gathered for the Khaan Quest 2014 opening ceremony held at the Mongolian Armed Forces Peace Support Operations Training Center at Five Hills Training Area, Mongolia on June 20.

Equine influenza is able to jump from horses to camels, researchers have confirmed.

Researchers from the University of Bonn and from China have discovered a fossil fly larva with a spectacular sucking apparatus.

A parasite they swam the freshwater lakes of Inner Mongolia 165 million years ago had a thorax formed like a sucking plate; no other known parasite has been known to have this type of sucker.

Rio Tinto’s company in Mongolia has been accused of evading taxes and penalties payments related to the Oyu Tolgoi copper and gold mine.

A music producer from Inner Mongolia has gathered some of the best musicians from the remote region to play their music to audiences across the globe. Chen Jie reports.

The Mongolian government is considering the implementation of anti-discrimination legislature to protect its LGBT citizens in the face of rising neo-Nazi violence.

A former counselor at the Mongolian Embassy in the U.K. was named acting chief executive officer of the Mongolian Stock Exchange.

The President of the 2014 Incheon Asian Games Organizing Committee Kim Youngsoo and other delegates are discussing collaborative projects and the Asian Games with the Mongolian National Olympic Committee, as part of their official visit to Ulaanbaatar ending tomorrow.

Wanda Realm Chifeng, owned and managed by Wanda Hotels & Resorts, celebrated its grand opening on 20 June 2014.

CAMP DENALI, Alaska — Approximately 100 Alaska National Guard members arrived in Mongolia to participate in Exercise Khaan Quest 2014, scheduled to take place until July 1 at Five Hills Training Area and in the city of Ulaanbaatar.

Chairwoman of the Federation Council of Federal Assembly of the Russian Federation Valentina Ivanovna Matviyenko is on an official visit to Mongolia from June 22 and 23, at the invitation of Chairman of the Parliament Z.Enkhbold.

The Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, will pay an official visit to Mongolia by the invitation of the Minister for Foreign Affairs of Mongolia L.Bold on June 24 to 26.

Eighteen models from the Mongolian National Designers Association boasted colorful hand-woven Turkish kutnu and silk chiffon, aptly fusing the traditional and the modern, and the national and the international.

A HOTLY contested tax dispute between Rio Tinto and the Mongolian government threatens to further delay a $US5.1 billion ($5.4bn) underground expansion of the Oyu Tolgoi copper-gold mine.

The Mongolian Tax Authority has accused Turquoise Hill Resources, a 51% Rio Tinto-owned mining firm, of unpaid taxes, penalties and disallowed entitlements associated with the $6.6bn Oyu Tolgoi copper and gold mine project.

The Mongolian Government has accused Rio Tinto and its subsidiary, Turquoise Hill Resources, of failing to pay taxes and penalties relating to the $6.6bn Oyu Tolgoi copper-gold mine project.

P.Tsagaan meets IRI delegation Ulaanbaatar, June 24 (MONTSAME) Head of the Presidential Office P.Tsagaan Monday received a delegation of the International Republican Institute (IRI).

New Acting CEO and Board of Directors of Mongolian Stock Exchange Appointed June 24 (infomongolia.com) Following the Government Resolution No.152 dated from May 10, 2014, the Mongolian Stock Exchange (MSE) JSC’s rights of shareholder and duties were transferred to the Ministry of Finance of Mongolia.

PM Received by Turkish Speaker Ulaanbaatar, June 24 (MONTSAME) The head of executive power of Mongolia N.Altankhuyag was received by the Chairman of the National Assembly (parliament) of Turkey Mr Cemil Cicek on Tuesday.

Selective measure to strengthen the tugrug June 24 (UB Post) According to the National Statistical Office of Mongolia, money supply in our economy (including cash, balances held in checking and savings accounts, and foreign currency) reached 10.2 trillion MNT by the end of May 2014.

Speaker Z.Enkhbold Gives Interview to ITAR-TASS Ulaanbaatar, June 24 (MONTSAME) The Chairman of the State Great Khural (parliament) Z.Enkhbold Monday gave an interview to Russia’s ITAR-TASS news agency.

Deputy PM about Naadam preparation Ulaanbaatar, June 23 (MONTSAME) At the "Hours of Construction" meeting on Monday, the Deputy Prime Minister D.Terbishdagva informed journalists about the preparation for the Naadam festival (July 11-13).

Stocks in Turquoise Hill Resources (TSX: TRQ) were dropping during morning trading hours following the announcement the Mongolian government was investigating the Vancouver mining company for unpaid taxes associated with its Oyu Tolgoi project.

Following the signing of the PPA and financial close, the consortium will build and operate a coal-fired CHP plant with electricity capacity of 415MW and steam capacity of 587MW.

Taking part in the Mongol Rally is no mean feat but tackling the 10,000-mile challenge in a clapped out motor sounds almost impossible.

One of Rio Tinto's largest projects has hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

Following an international call for tenders, CIS confirms the signature of a new contract with the major British-Australian Group, Rio Tinto, to ensure accommodation services management for the largest industrial mining project of this country, namely the Oyu Tolgoi copper and gold mine.

The first-ever United Nations Environmental Assembly is underway in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges.

ONE of Rio Tinto’s largest projects hit another snag after the company running the $US6.2 billion Oyu Tolgoi copper and gold mine in Mongolia was handed a new audit claiming unpaid taxes and penalties.

© companiesandmarkets.com 23.06.2014 12:59:01 - Mongolia Business Forecast Report Q4 2013 - a new country guide report on companiesandmarkets.com