Government of Mongolia will issue bonds as security for advance payment of the Ivanhoe Mines and Rio Tinto. According to the Oyu Tolgoi draft investment agreement, the miners to pay $ 250 mill as advance payment to Mongolian government. The investors (the miners) proposed to buy bonds of Government of Mongolia for 5 year period at annual interest rate...
Former President Enkhbayar Nambar under corruption investigation
Mongolian Government's Anti-Corruption Agency started questioning of Enkhbayar Nambar, former President of Mongolia for corruption allegation, according to the officials of the agency.Especially, the agency is interested in role and participation of the former President in privatization of the Trade and Development Bank, ownership of private tv station...
Opinion: Oyu Tolgoi investment agreement in limbo
Ambigious statements made by the Ministers of Minerals and Finance during teabreak of the cabinet meeting left many puzzled.It was Bayartsogt, the finance minister who said early September " final deadline of signing Oyu Tolgoi investment agreement is 30th of September." What happened of this pledge?What are "the procedures that the investment agreement...
Buddhist Students' Association to celebrate its fifth anniversary
Mongolian Buddhist Students' Association is planning to celebrate its fifth anniversary on Oct 2, 2009. The anniversary celebration will continue for two days (Oct 1 and 2) and cultural shows by children will demonstrated.On the evening of Oct 2, the Association members will chant Buddhist mantras for memory of Zorig Sanjaasuren, democratic leader...
A good old ‘thorn’ in India-Mongolia ties
September 30th, 2009 - 2:37 pm ICT by IANSBy Ritu SharmaPartapur (Jammu and Kashmir), Sep 30 (IANS) India and Mongolia have joined hands to tap the potential of seabuckthorn, a plant better known here as Leh Berry that has high concentrations of vitamins A, B2 and C and is found in abundance in both countries.On a three-day visit to Ladakh to see the...
No definite timeframe for Oyu Tolgoi deal, according to the Minerals Minister
As of now, Cabinet meeting of Government of Mongolia is discussing about Oyu Tolgoi investment agreement. The Minerals Minister Zorigt told to Mongolian reporters that "several procedures have to be passed before actual passing of the agreement. Therefore, i can not tell specific timeframe for the Oyu Tolgoi deal." He declined to give further details.By...
R.Friedland flew to Oyu Tolgoi this morning
Robert Friedland, chairman of Ivanhoe Mines, also known as "Toxic Bob" flew to Oyu Tolgoi deposit in South Gobi aimag this morning, sources close to Ivanhoe told to MonInfo news service.The Ivanhoe Mines Mongolia Inc, runs chartered flight between the mine site and Ulaanbaatar. It takes about one hour to reach the site. Known for his flamboyant style...
Mongolian legislator confirms delay of OT agreement warns haste makes waste
Bayarsaikhan Tsevelmaa, Chairman of the Economic Standing committee of the State Great Khural (Mongolian parliament) told to Mongolian journalists "meticulous work of reviewing and matching word-for-word translations of the Oyu Tolgoi investment agreement in Mongolian and English languages taking longer than expected.There can not be clauses with double...
News Alert from MonInfo, Mongolian News and Information Services company
As of now (11:18 am UB Time), no signing of Oyu Tolgoi investment agreement by the representatives of the Parties occurred in Ulaanbaatar.It confirms early news reporting by the MonInfo about delay of Oyu Tolgoi investment Agreement by one week until Oct 6, 2009. That day is considered to be most auspicious day in Tibeto-Mongolian Buddhism-Lamaism....
Government of Mongolia cabinet meeting agenda of today
Every Wednesday, regular Cabinet meeting of Government of Mongolia is held. Right now, this week's Meeting is being held in the Government house. Prime Minister Bayar is absent from the meeting as he is in working in Selenge aimag, agricultural wheat farming area. The agenda includes issue of authorizing some Ministers to sign Investment Agreement...
Robert Friedland in Mongolia; however, no signing ceremony today
Sources confirmed to MonInfo news service arrival of Robert Friedland, chairman of Ivanhoe Mines in Mongolia.He came with several institutional investors on his private jet.Signing of the Oyu Tolgoi investment agreement was postponed by both Parties until Oct 6, an auspicious day according to Mongolian Lamaist Calendar.Commercial Director of Rio Tinto...
Editorial: Why the signing of Oyu Tolgoi Investment Agreement delayed!!
Some readers of Mongolianviews news site might be wondering "what the heck..two conflicting reports within one hour !" Yes. we reported first Oyu Tolgoi Investment Agreement is going to be signed tomorrow. Then we dropped the bomb, reporting "signing of Oyu Tolgoi Investment Agreement is delayed by one week". However, now reliable sources at the Ministry...
Breaking news:signing of Oyu Tolgoi Investment Agreement delayed by one week
According to some sources, due to need of "reviewing and verifying the English translation" of the Oyu Tolgoi investment agreement, signing of the agreement was postponed until Oct 6, 2009. Initially, the Government of Mongolia proposed to set the signing date tomorrow afternoon or Sept 30.By Ganbat, MonInfo Repor...
Oyu Tolgoi Investment agreement to be signed tomorrow
Sources at the Ministry of Minerals and Energy told to MongInfo news service inking of Oyu Tolgoi Investment Agreement will be done tomorrow. Both sides (Ivanhoe and Mongolian officials) understand expectations and need for signing the agreement soonest. However, the parties want to get things "right and properly" the source said. By Ganbat, MonInfo...
Central Asians find a favorite street in Seoul, Korea
A customer picking up a Mongolian newspaper from a store on the second floor of Mongolian Town, located in the front of the entrance to Gwanghui-dong’s Central Asia Street in downtown Seoul. By Jeon Min-gyuSitting in the back alleys of the bustling fashion cluster...
Ivanhoe Executives in Ulaanbaatar for signing of Oyu Tolgoi Investment Agreement
Robert Friedland, chairman of Ivanhoe Mines is expected to arrive today in Ulaanbaatar, sources told to MonInfo news service. Other executives of Ivanhoe like John Macken , Executive Director are already in Ulaanbaatar working out fine details and "nuts and bolts" of the massive Oyu Tolgoi investment agreement. MonInfo will follow the event, therefore,...
Mongolia faces hurdles in ramping up coal exports
* Mongolia wants to boost coal exports but needs investors * Infrastructure strained by trade with giant neighbours * Needs to weigh control of resources against incentivesZHUHAI, China Sept 28 - Mongolia, with three times as much coal reserves as top thermal coal exporter Indonesia, is eager to boost its own exports of the fuel, but faces the dilemma...
Khan Sets Out Development Plan for Dornod Uranium Project in Mongolia
TORONTO, ONTARIO--(Marketwire - Sept. 28, 2009) - Khan Resources Inc. (TSX:KRI) today announced its development plan for the Dornod Uranium Project ("Project") in the Republic of Mongolia. Aker Solutions of Toronto completed a Definitive Feasibility Study ("DFS") for Khan in March 2009, which demonstrates an internal rate of return after tax of 29.1%...
Mongolia Said to Delay Signing of Ivanhoe’s Mining
Sept. 28 (Bloomberg) -- Mongolia’s government will delay for a few days the conclusion of an accord to let Ivanhoe Mines Ltd. develop the country’s Oyu Tolgoi copper and gold deposits, three officials familiar with the situation said.The agreement, which President Tsakhiagiin Elbegdorj hoped to seal Sept. 30, will be delayed until the end of this week...
No inking of Oyu Tolgoi Investment Agreement today
Adding to frustration of stock brokers and shareholders of Ivanhoe Mines and Rio Tinto company, no pompous ceremony of inking of the Oyu Tolgoi Investment Agreement was not held today.No word about inking the Oyu Tolgoi agreement was whispered or spoke loudly among the Government officials in Ulaanbaatar. As predicted by MonInfo, Mongolian Newswire...
Prime Minister to work in Selenge aimag
Recently arrrived Prime Minister Bayar is to work in Khuder, Yoroo areas of Selenge aimag neighboring Russian Federation in the north, according to the press service of the Government. These areas are breadbasket of the country which produces much of the wheat and grain. Strong snow and dust storms hit the areas on Sept 18-21, freezing much of unharvested...
About the Hazara students on scholarship in Mongolia
The Tsahim Urtuu Holboo NGO is pleased to announce the names of three outstanding high school graduates of Hazara heritage who have been selected to receive full undergraduate scholarships to pursue studies at the prestigious National University of Mongolia on this blessed day of May 31, 2009 - the 10th year anniversary of global Mongolian Tsahim Urtuu...
Hazara students from Afghanistan have arrived in Mongolia to study on scholarship
On Sept 12, three Hazara students selected to study in Mongolia under scholarship of "Tsahim Urtuu" NGO, arrived in Mongolia. Hazaras are believed to be originated from Mongolian troops of Chinggis Khaan which invaded Afghanistan in the 13th century.Hazaras suffering under the Taliban regime caused emotional bonding between the Mongolians and the Hazaras.Mongolian...
Letter from Mongolian civic groups opposing OT investment agreement to all shareholders of Ivanhoe and Rio Tinto
AN ALERT LETTERATTN: shareholders of Ivanhoe Mines Limited Co. and Rio Tinto International Holdings Limited Co., and the international community concerned about the impact of mining on the environment and ecology. About 50 representatives of 22 civil society organizations and individuals met today at the Puma Imperial Hotel in Ulaanbaatar to discuss...
Update # 1: Enkhbayar withdrew his name; Zorigt secured his party's nomination
During MPRP congress held one hour ago, former President Enkhbayar withdrew his name and thus allowing Zorigt, the Minerals Minister to be nominated by unanimous vote of the MPRP conference members.By Ganbat, reporter of MonInfo News Service...
The Minerals Minister Zorigt Dashdorj likely to run for by-election for his party
MPRP Ruling Council has nominated Zorigt Dashdorj, Minister of Minerals for the election this afternoon. Zorigt, the young Sinologist and elder brother of a promising government official slain by a disruntled owner of a bankrupt Savings and Credit Cooperative in 2007 started his political career from tough task of negotiating with international miners.In...
Polo Resources interested in little Tavan Tolgoi
Following letter of Polo Resources addressed to Batbold Sukhbaatar, Minister For Foreign Affairs and Trade has surfaced in Mongolian media lately. The letter is dated Jan 18, 2009. It expressed the company's interest to develop a small part of Tavan Tolgoi,coking...
Prime Minister Bayar not yet back from South Korea; signs of delayed inking of Oyu Tolgoi Investment Agreement
As of this evening, still no sign of Prime Minister Bayar.... According to Government Press service, he was due to come home on evening of Sept 23, 2009 from Seoul, Korea after going through intensive medical care there. Cabinet meeting on Wednesday was chaired by Deputy Premier Altankhuyag. No explanation or comment has been issued by the Press office.Meantime,...
Ivanhoe May Consider Selling Stake as Oyu Tolgoi Accord Nears
By Jason ScottSept. 23 (Bloomberg) -- Ivanhoe Mines Ltd., seeking to build the Oyu Tolgoi copper and gold project in Mongolia with Rio Tinto Group, may consider selling up to a 9.9 percent stake in the company after being approached by sovereign wealth funds.Ivanhoe and Rio agreed to change provisions of Rio’s agreement to invest $2.4 billion in Ivanhoe...
Prime Minister Bayar is expected to come back to Ulaanbaatar tomorrow on Sept 23
According to Press service of the Mongolian Government, Prime Minister Bayar Sanjaa is due to come home tomorrow afternoon from Seoul, South Korea where he underwent through medical treatment.Earlier, the press service said the Premier will come on Sept 21.By Ganbat, reporter of MonInfo News Service...
South Korean company acquires copper deposit in Mongolia
Freegood Acquires $24 Million Copper Mine from MongoliaSeoul (Korea Newswire) September 22, 2009 11:33 AM -- A South Korean venture company has acquired a cooper mine worth 30 trillion won (roughly $24.82 million) with an estimated reserve of 5 million tons in Mongolia. Freegood Inc. which specializes in development of natural resources announced on...
Northern People: Helmets for Mongolia by Northern Michigan's Daily Newspaper
Kids in Mongolia race but have no protective gearBy MARTA HEPLER DRAHOSmdrahos@record-eagle.comMAPLE CITY -- Chelsey Phelps has been riding horses since she was 5, the age thousands of children in Mongolia begin racing horses professionally.Except in Mongolia, many child jockeys ride without protective gear such as helmets, resulting in hundreds of...
85% Of All Mongolia's Mobile Phone Subscribers Are In Ulaanbaatar
New report provides detailed analysis of the Telecommunications market Published on September 19, 2009by Press Office(Companiesandmarkets.com and OfficialWire)LONDON, ENGLAND Mongolia - Telecoms, Mobile & InternetSince the Mongolian Government's telecommunications reform program in the mid-1990s, there has been effective liberalisation of all market...
Religious freedom association formed in Mongolia
Religious freedom supporters in Mongolia this month moved to form a national chapter of the International Religious Liberty Association (IRLA), a step they hope will encourage the government to implement greater principles of freedom of belief.If officially approved, the new Mongolian Religious Liberty Association -- comprised of religious, government...
Research and Markets: Mongolia Mining the Updated Q3 2009 Report - with Independent Forecasts and Competitive Intelligence on Mongolia's Mining Indust
DUBLIN--(Business Wire)--Research and Markets(http://www.researchandmarkets.com/research/ef56a4/mongolia_mining_re) has announced the addition of the "Mongolia Mining Report Q3 2009" report to their offering. The Mongolia Mining Report provides industry professionals and strategists,corporate analysts, mining associations, government departments and...
Prime Minister Bayar to come home on Sept 21
Prime Minister Bayar Sanjaa currently undergoing medical treatment South Korea, is expected to be back on Sept 21, 2009, according to his press service. Signing of Oyu Tolgoi investment agreement is expected when he arrives back from South Korea, according to sources.He also expected to pay official visit in Australia after coming home.By Ganbat, reporter...
KPMG Representatives in Mongolia
One of world’s largest professional advisory service companies, KPMG is interested in entering Mongolian market.Representatives of KPMG China and Korea have arrived in Mongolia for symposium “ Business Issues for Mongolian Decision makers” organized by Onch-Audit, local Mongolian auditing company. Managing partners of KPMG Korea, Young Hyo Kim, Ken...
New mining technology uncovering Mongolian gold
Tuesday September 15, 2009 12:54:19 PM GMTGOLD-CONFERENCE/IVANHOEBy Steve JamesDENVER, Sept 15 (Reuters) - Mine engineers using technology that can identify ore bodies more than 3,000 meters (10,000 feet) underground have discovered new gold and copper deposits below Mongolia's Gobi desert, Ivanhoe Mines Chairman Robert Friedland said on Tuesday.Ivanhoe...
India, Mongolia sign uranium agreement
NEW DELHI, Sept. 15 (UPI) -- India signed a civil nuclear energy agreement with uranium-rich Mongolia on Monday.The memorandum of understanding for "peaceful use of radioactive minerals and nuclear energy" was signed during Mongolian President Elbegdorj Tsakhia's state visit to India.According to a statement issued by the Mongolian presidency, Indian...
Good Karma
Barry Jiggins is on the lookout for old medical equipment for Mongolia, writes IAN FRAZER on Sept 12, 2009 issue of “Townsville Bulletin” daily newspaper of Australia.Barry Jiggins, radiographer, aid worker and Beatles fan, is more of a Help that Let it Beperson....
