Mongolian Economy and Finance

Soums’ development to be analyzed every two years Ulaanbaatar, July 30 (MONTSAME) At its meeting on Monday, the cabinet gave obligations to some officials to approve a method for appraising the developmental index of soums and to provide an information necessary for issuing the index.

Vice Speaker meets NGO delegation Ulaanbaatar, July 30 (MONTSAME) A Vice Chairman of the State Great Khural (parliament) M.Enkhbold received Tuesday a delegation led by Mr Kim Dae-won, a general manager of South Korea’s “Heavenly Culture, World Peace, Restoration of Light” NGO.

Dozens of people have been killed or injured in a confrontation between police and a group of knife-wielding attackers in China’s western region of Xinjiang, state media say.

Vice-President of the Inner Mongolia Women's Federation Li Xuemei made an inspection tour to Haibowan District and the Wuhai Maternity and Child Health Care Hospital in Wuhai City, north China's Inner Mongolia Autonomous Region, on July 6th, 2014.

India has been working in cooperation with 33 countries in the area of peaceful use of outer space, the government today said.

(RTTNews.com) - Turquoise Hill Resources Ltd. (TRQ, TRQ.TO) Wednesday said it has entered into a share purchase agreement with National United Resources Holdings Limited, a Hong Kong-based public company, for the sale of a 29.95 percent stake in SouthGobi Resources Ltd., an integrated coal mining, development and exploration company operating in Mongolia.

HONG KONG, Jul 30, 2014 (Canada NewsWire via COMTEX) -- National United Resources Holdings Limited (the "Company", HKEx stock Code?254) is pleased to announce that it has entered into a Sale and Purchase Agreement dated July 29 2014 (Vancouver, British Columbia time) ("SPA") pursuant to which it has agreed to acquire, from Turquoise Hill Resources Limited, 29.95% of the common shares in SouthGobi Resources Limited (tsx stock symbol:SGQ and HKEx stock code) ("SouthGobi" and the proposed acquisition the "Acquisition").

Shares of Turquoise Hill (NYSE:TRQ) (NASDAQ:TRQ) (TSE:TRQ) increased on Wednesday after the company said it is selling a near 30 percent stake in Mongolia-focused coal miner SouthGobi Resources for C$25.6 million, trimming down its total 56 percent interest.

VANCOUVER, BC--(Marketwired - July 30, 2014) - Turquoise Hill Resources ( TRQ ) ( TRQ ) ( TRQ.TO ) (Turquoise Hill or the Company) today announced that it has entered into a share purchase agreement with National United Resources Holdings Limited (the Purchaser), a Hong Kong-based public company listed on the main board of the Stock Exchange of Hong Kong (SEHK), providing for the sale to the Purchaser of a 29.95% stake in SouthGobi Resources Ltd. (SouthGobi), an integrated coal mining, development and exploration company operating in Mongolia.

Cornstalks wither due to lingering drought in Beidao Village of Mujiayingzi Township in Chifeng City, north China's Inner Mongolia Autonomous Region, July 29, 2014.

The most fearless travel writers expect suffering, and usually they get it: inedible food, bloodthirsty mosquitoes, lice, exhaustion, hostile weather, vicious winds, mutinous muscles, burning thirst and cultural collisions.

Women of the Mongolian ethnic group hold dried milk cakes and hadas, a piece of silk used as a greeting gift, in the opening ceremony of the Nadam Fair in Bayanbaolage township, Xinlinhot city, July 28, 2014.

Shaanxi province has been suffering its highest summer temperatures in the past decade.

Easing visa restrictions to stimulate travel is one of the UNWTO’s recommendations to promote the growth of the tourism sector and its positive impact on the economy.

KRONENWETTER – Emil and Diane Wasniewski might as well have been hosting a family reunion Tuesday night but the international meal on the table in their garage hinted at their guests’ many nationalities.

Lingering drought in northern China's Inner Mongolia autonomous region and central China's Henan province has dried up rivers and reservoirs, causing power and water shut-offs and drinking water shortages.

Imagine riding a horse as fast as you can from 7am to 8pm every day, for 10 days.

Hakuho Davaajargal wins 30th career title July 29 (UB Post) The July Tournament of the Japanese professional sumo ended on July 27, with Mongolian Yokozuna (Grand Champion) Hakuho winning his 30th career title, making him the third most successful sumo wrestler in history, after Chionopuji who won 31 tournaments and Taiho who won 32.

MH17: Mongolian students transferred from eastern Ukraine July 29 (UB Post) Ukraine’s Ministry of Education and Science will transfer both local and international students studying in Donetsk to other cities, citing “the current situation” as reasons for their transfer.

Mining Ministry to cooperate with MIRECO Ulaanbaatar, July 29 (MONTSAME) Mongolia’s Ministry of Mining will cooperate with the Mine Reclamation Corporation of Korea (MIRECO).

More to work at Mongolia’s Permanent Rep to UN Ulaanbaatar, July 29 (MONTSAME) The cabinet meeting on Monday allowed L.Bold, the Minister of Foreign Affairs, to increase a number of the diplomats who work at Mongolia’s Permanent Representative Office to the United Nations (UN).

School project completed thanks to US-Mongolia cooperation BAYANGOL DISTRICT, Ulaanbaatar, Mongolia (US Embassy) – On July 24, the handover ceremony of the renovation project at the Kindergarten 114  took place. During the Khaan Quest 2014 international peace keeping exercise, a multinational team of engineers and construction specialists worked together to complete renovations at School 42, Kindergarten 114, and to construct a new water distribution point in the Songinokhairkhan district.

“Responsibility, monitoring and implementation” online meeting runs Ulaanbaatar, July 28 (MONTSAME) At this monthly meeting, some specific works done this month were named on Friday.

RENO (MINEWEB) -

Severe drought and scorching heat has damaged over a million hectares of farmland in China’s Henan and Inner Mongolia provinces, with no immediate relief in sight, state news agency, Xinhua reported.

BEIJING--July 29, 2014--Researched by Industrial Info Resources China (Beijing, China)--Inner Mongolia will no longer require coal mining enterprises to seek government approval of mergers and reorganizations, according to a recent government announcement.

Travel Agent is cruising through Northern China and Inner Mongolia this week with G Adventures on their brand new 12-day Hidden China and Inner Mongolia itinerary.

BEIJING--July 29, 2014--Researched by Industrial Info Resources China (Beijing, China)--North China's Inner Mongolia will implement 544 projects to reduce air pollutants in 2014, including 253 projects in the coal-fired power sector, according to the region's government.

HONG KONG, July 29, SinoCast -- Mongolia Energy Corporation Limited (MEC; SEHK: 0276) has selected mining service provider to offering coal mining service for Khushuut Coal Mine with a term of three years and 35 days.

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

KUWAIT, July 28 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah flew to Mongolia on a private visit on Monday.

Lingering drought in north China's Inner Mongolia autonomous region has left about 300,000 people short of drinking water, local authorities said Sunday.

Ukraine’s Ministry of Education and Science will transfer both local and international students studying in Donetsk to other cities, citing “the current situation” as reasons for their transfer.

Foreign Affairs Minister of Canada John Baird returned home on Friday after a two-day visit to Mongolia.

Xanadu Mines ( ASX:XAM ) has released further strong copper gold results from its Altan Tolgoi project in Mongolia, after revealing assays from the first 550 metres of drilling last week.

Two men are taking on the ‘mammoth expedition’ of 20,000 miles, five mountain ranges and three deserts in two continents in their transit van to raise money for a hospice.

Facilitation of tourist travel is closely interlinked with tourism development and can contribute in a decisive manner to tourism’s beneficial effects, including economic growth and job creation.

International drivers to cross 4,000 km distance in Rally Mongolia 2014 July 27 (UB Post) The annual Rally Mongolia 2014 is set to start on August 10 and continue for eight days. International racers will cross 4,000 kilometers of land through Govisumber, Uvurkhangai and Arkhangai Provinces to complete the rally. The rally is for both automobiles and motorcycles.

The other side of the coin July 27 (UB Post) It seems that everyone is now concerned that Mongolia’s economic growth is not going to be as robust as was expected for 2014, and the country’s future prospects look a bit grey.

Health agencies warn consumers about false bioactive natural product advertisements July 27 (UB Post) The Ministry of Health and State Specialized Inspection Agency (SSIA) are warning the public to read and learn about bioactive natural products before purchasing them.

Poetry Reciting Festival "Tulga" to Be Held among Mongolians in USA July 25 (infomongolia.com) The annual poetry reciting festival "Tulga" among Mongolians in USA will be held in Los Angeles for 2 days on coming August 2nd and August 3rd, 2014.

Last week, the Honourable John Baird, Minister of Foreign Affairs, Trade and Development, took a few minutes while on a trip to Mongolia to speak to Mark Levin on his radio show ( Listen Here —Go to the 7/24/14 show, 49:10 mark).

SHANGHAI, Jul. 28 (SMM) – Average export price of rare earth products was 49,000 yuan per tonne during 1H 2014 in Inner Mongolia due to weak demand overseas, down 37.2% on a yearly basis, xinhuanet.com reported today.

The mining sector accounts for 18.5 percent of Mongolia’s gross domestic product (GDP), 66 percent of its industry, 83.2 percent of overall exports, 17.5 percent of contributions to the state budget and 81 percent of foreign investment.

( live-PR.com ) - The Mongolia Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Mongolia and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

China's northern province of Inner Mongolia is struggling with its worst drought in years.

Lingering drought in north China's Inner Mongolia Autonomous Region and central China's Henan Province have scorched rivers and reservoirs, causing power and water shut-offs and drinking water shortages.

It seems that everyone is now concerned that Mongolia’s economic growth is not going to be as robust as was expected for 2014, and the country’s future prospects look a bit grey.

HOHHOT/ZHENGZHOU, July 27 (Xinhua) -- Lingering drought in north China's Inner Mongolia Autonomous Region and central China's Henan Province have scorched rivers and reservoirs, causing power and water shut-offs and drinking water shortages.

Lingering drought in north China's Inner Mongolia Autonomous Region has left about 300,000 people short of drinking water, local authorities said on July 27.

Oil & Oil Shale Mongolia 2014 international investment conference is back with a newly scheduled program on September 10 and 11, in Ulaanbaatar.

Husband of underprivileged woman Tian Runlian from Bayan Nur City, north China's Inner Mongolia Autonomous Region, presented a banner to Vice President of the Inner Mongolia Women's Federation Bao Xiaochun on June 30th, 2014, in appreciation of the Federation's assistance to Tian during her struggle for proper financial compensation connected to an industrial injury.

From July 19 to 23, the State Secretary of the Mongolian Ministry of Defense, Major General Z.Boldbaatar, visited the Republic of Turkey.

The Mongolian people easily find common ground with others, regardless of differences in religion, culture and background, and Mongolians appreciate the value of meeting new people and learning new things—a legacy deeply rooted in their nomadic origin, so now since 25th June, visitors from 42 nations no longer require a visa when travelling to Mongolia.

On July 24, Minister of Economic Development N.Batbayar received Canadian Minister of Foreign Affairs John Baird, who is visiting Mongolia at the invitation of Mongolian Minister of Foreign Affairs L.Bold.

The annual Rally Mongolia 2014 is set to start on August 10 and continue for eight days.

Aspire Mining ( ASX:AKM ) has demonstrated the quality of its Ovoot Coking Coal Project in Mongolia, reaching a non-binding Memorandum of Understanding to sell up to 250,000 tonnes of oxidised coal per annum to Zavkhan Power Station.

INNER MONGOLIA, July 24, SinoCast

Guam, led by British coach Gary White, are celebrating after qualifying for the next stage of the East Asian Cup.

Turquoise Hill Resources on June 26 filed a formal notice of dispute with the government of Mongolia regarding an audit report it received from the Mongolian Tax Authority on June 23 claiming that Oyu Tolgoi LLC, the operating company for the Oyu Tolgoi coppergold mine in southern Mongolia, was subject to unpaid taxes, penalties and disallowed entitlements associated with the initial development of the mine.

In recent years, thanks to vigorous promotion from the government of the Inner Mongolia autonomous region, renewable energy has been widely applied in the construction market, laying a foundation for the development of the clean energy industry in the region.

Two men are hoping to drive 20,000 miles across 24 countries in just two months, in the name of charity

President met Canada’s Foreign Affairs Minister July 25 (news.mn) President Ts.Elbegdorj met Canada`s Foreign Affairs Minister John Baird on July 25th.

LONDON: An all-female Canadian team has begun an epic trip from Britain to Mongolia in a Subaru XV.

Part of a city in north-west China has been sealed off and dozens of people placed in quarantine after a man died of bubonic plague, state media say.

[Rising Stock] MONGOLIA ENERGY (00276)'s price went up 5% at 01:38p.m .

Wuhai (AsiaNews) - Arrests, forced detentions, threats and extortion: these are the "weapons" with which the Chinese government is carrying out religious persecution in the country.

1.Objectives and target 1.1 Background

Changes to Mongolia’s mining legislation will open up vast new tracts of land for exploration and pave the way for new licence issuances.

Multiple activities have been launched by the women's federation of north China's Inner Mongolia Autonomous Region to raise local women's awareness of the negative impacts connected to drug abuse and call on them to fight against illicit drugs over recent months on the occasion of the International Day Against Drug Abuse and Illicit Trafficking.

Two intrepid friends have embarked on a 20,000-mile round trip from Exeter to Mongolia to generate funds for charity.

KEPCO, Korea's biggest power supplier, won the exclusive right to build and operate a fossil fuel power plant in Ulaanbaatar, Mongolia, the company said Friday.

Mongolia might not be the first place that springs to mind as a potential investment destination for oil and gas players, but one small Australian company is hoping the recent passing of a new petroleum law will open up opportunities in the landlocked nation between Russia and China.

Three Sheffield lads have set off on a 10,000 mile adventure from London to Mongolia to raise money for a trio of charities - in their trusty 27-year-old Ford Fiesta, Poppy.

Kh.Oyunchimeg: Competition sharpens my skills and leads me to success July 24 (UB Post) In this year’s Naadam Archery Competition, over 360 archers competed to excel with their precise archery skills. The winner of the women’s archery competition was a talented archer of the World Academy of Chinggis Khaan, Kh.Oyunchimeg of Zuunmod soum of Tuv Province, a native of Dadal soum of Khentii Province.

Treasury announces awards for exceptional international development projects Ulaanbaatar, July 24 (MONTSAME) Salkhit is recognized alongside projects that deliver clear results in combating food insecurity, creating jobs, promoting infrastructure development, and increasing access to education and health care. About this has been published on the website of the US Embassy in Mongolia.

‘Her Presence in Colors-XI’ international art exhibition 2014 opens July 24 (UB Post) “Her Presence in Colors-XI 2014” international female artist exhibition, organized under the auspices of Mongolian President Ts.Elbegdorj, opened at Mongolian National Art Gallery on Monday.

Ger area around Gandan Monastery connects to central lines July 24 (UB Post) A total of 31 households in Orkhon Street no.6 in Gandan Monastery neighborhood have been successfully connected to state central lines for water and sanitary pipelines, heating and other engineering infrastructure in the past two months.

Mongolia-Turkey consultative meeting held July 24 (news.mn) Mongolian delegates lead by State Secretary for Defense Ministry of Mongolia, colonel general Z.Boldbaatar visited to the Republic of Turkey between July 19-23.

A roundtable meeting to discuss the “Future perspectives of Mongolia-Czech cooperation” was held by the Mongolian Embassy in the Czech Republic, Cooperation of External Development Platforma and the Confederation of Industry and Transport of the Czech Republic.

This week the Central Bank of Mongolia released a May 2014 report on the annual eight percent interest housing loan issued by the government through commercial banks.

AN ANGLESEY teenager has begun an extraordinary adventure this week that will see him drive his 25 year-old Citroen 2CV from London to Mongolia, as part of the infamous Mongol Rally.

The World Bank Group has lowered its previous forecast of Mongolia’s economic growth from double-digits to 9.5 percent, coinciding with an April forecast by the Asian Development Bank which predicted a growth rate of 9.5 percent.

The Matao, the Guam men's national team, are in prime position to take EAFF East Asian Cup Round 1 championship following their 2-0 shutout of Mongolia Wednesday at the Guam Football Association National Training Center.

Harmon, Guam - The Matao, Guam men’s national team is in prime position to take EAFF East Asian Cup Round 1 championship, following its 2-0 shutout of Mongolia at the Guam Football Association National Training Center.

ULAN BATOR, July 24 (Xinhua) -- Mongolia, Canada are seeking to strengthen ties as Canadian Foreign Minister John Baird arrived in the country for an official visit.

The National Statistical Office (NSO) reports that Mongolia received 154,533 foreign visitors in the first half of this year, which is a decrease of 8.5 percent from last year’s data.

Canadian Foreign Affairs Minister Visits to Further Cooperation July 23 (Mongolian Economy) The Foreign Affairs Minister of Canada, John Russell Baird, is paying an official visit to Mongolia for the first time today under the invitation of L. Bold, the Foreign Affairs Minister of Mongolia.

President attends Mongolia-Japan business forum Ulaanbaatar, July 23 (MONTSAME) The President of Mongolia Ts.Elbegdorj Tuesday addressed a Mongolia-Japan business forum in Tokyo in frames of his working visit to this country.

Of issues covered by the Basic Human Needs Dimension, Mongolia does best in areas including Nutrition and Basic Medical Care and has the greatest opportunity to improve human wellbeing by focusing more on Water and Sanitation.

One of the major themes in the base metals markets so far this year has been the wide degree of price divergence as individual metals increasingly respond to specific supply-demand drivers.

UST KAMENOGORSK. KAZINFORM The international youth summer camp ashore Alakol Lake started its work in the West Kazakhstan region that brought together student's delegations from Russia, China, Mongolia and Kazakhstan.

(Reuters) - The United States on Wednesday honoured six development projects for helping some of the world's most politically fragile countries or poorest people, including a railway in Afghanistan and basic health and water services in Yemen.

A fossil found in Inner Mongolia may prove that birds did not evolve from dinosaurs, as many scientists have believed, but from a creature that existed long before.

THREE friends are taking the trip of a lifetime as they set off on a 10,000-mile charity drive from Newport to Mongolia.

Aspire Mining ( ASX:AKM ) has demonstrated the quality of its Ovoot Coking Coal Project in Mongolia, reaching a non-binding Memorandum of Understanding to sell up to 250,000 tonnes of oxidised coal per annum to Zavkhan Power Station.

(MENAFN) According to Mongolia's Prime Minister, his country and Japan have reached a basic deal on a free trade agreement, QNA reported.

THREE friends are taking the trip of a lifetime as they set off on a 10,000-mile charity drive from Newport to Mongolia.

TAIPEI -- Taiwanese charity groups traveled to remote areas of Sri Lanka and Mongolia earlier this month to provide medical services to people there, according to the Ministry of Foreign Affairs, which covered part of the costs of the missions.

COTTEKILL, N.Y. — Five years ago, on a very long train ride from Ulan Bator in Mongolia to Beijing, Kat O’Sullivan and Mason Brown took out a notebook and made a list of all the things their dream house should have.

Setting the stage for gaining cooperation from Mongolia over the abduction issue with North Korea through deepened economic ties, Japan has agreed in principle on a bilateral free trade deal.

Mongolia is seeking to sign a gas project and supply accord with China next month, in a deal that would help the world’s second-largest economy expand energy supplies and potentially revive foreign investment in Mongolia.

Subaru’s XV crossover is about to prove just how tough it is, taking on a 21,700 mile on- and off-road journey all the way from London to Ulaanbaatar in Mongolia and back again.

Xanadu Mines ( ASX:XAM ) has received assays from step-out drilling at Altan Tolgoi which did not disappoint with widths and good copper and gold grades intersected.

Taipei, July 23 (CNA) Taiwanese charity groups traveled to remote areas of Sri Lanka and Mongolia earlier this month to provide medical services to people there, according to the Ministry of Foreign Affairs, which covered part of the costs of the missions.

As The Asia Foundation recently marked its 20th anniversary in Mongolia , Country Representative Meloney Lindberg sat down with Oyun Sanjasuren, Minister of Environment and Green Development and former Asia Foundation grantee, to discuss the country’s rapid development and efforts to promote responsible mining to protect its natural resources and environment.

Sam Scott is currently pushing his Renault 5 to the limit on a trip from England to Mongolia as part of the 2014 Mongol Rally.

Japan and Mongolia have in principle reached an economic partnership agreement, including the eventual elimination of tariffs on used cars imported from Japan.

ULAN BATOR, July 23 (Xinhua) -- Mongolia and Japan signed a joint statement on Tuesday to strengthen bilateral economic cooperation and enhance trade and investment between the two countries.

Japanese Prime Minister Shinzo Abe and Mongolian President Tsakhiagiin Elbegdorj announced the signing of a free trade agreement during a press conference in Tokyo Tuesday night.

Moody's has cut Mongolia's foreign currency bond rating, citing the country's strained external liquidity position and saying that foreign exchange reserves would further deplete unless the country takes help from its big neighbour China.