By Alex NicholsonNov. 30 (Bloomberg) -- Russian billionaire Oleg Deripaska sold his 31 percent stake in Gobi Coal & Energy, a coal explorer in Mongolia, for $25 million, Kommersant reported, citing an unidentified person familiar with the deal. The buyers include Origo Resource Partners Ltd. and China Commodities Absolute Return Ltd., the Moscow-based...
Controversy of building railroads from Tavan Tolgoi directly to China
Plan of Energy Resources, consortium of Mongolian private companies to build direct rail link from Tavan Tolgoi coal deposit to Gashuun Sukhait, Mongolian-Chinese border point caused controversy in Mongolia. Battulga, Minister of Urban Planning and Infrastructure Development is very critical of this plan and considers the rail should be built and...
Myanbayar, owner of Mongol Gazar Holdings not arrested, but under investigation said Police
Sainjargal, spokesperson of Mongolian Police said today to MonInfo News Service Myanganbayar, owner of Mongol Gazar Holdings not arrested by police. Last week, Mongolian newspapers (Dayar Mongol and Ulaanbaatar Times) reported Myanganbayar is arrested by Economic Police and charged for falsification of documents when obtained loan from bankrupt "Zoos"...
Origo takes 21 per cent stake in Asian mining company
Origo Sino-India and Origo Resource Partners have taken a 21 per cent stake in Asian mining company Gobi Coal and Energy for a total of $15m. Origo Sino-India invested $4.5m for a 6.4 per cent stake, and Origo Resource invested $10.5m for a 14.9 per cent share. Upon completion of the deal, OSI and ORP’s combined shareholding will be the largest equity...
Hakuho secures 12th Emperor's Cup
FUKUOKA, Japan (AP) — Mongolian grand champion Hakuho defeated Kotomitsuki on Saturday to wrap up his 12th Emperor's Cup with one day remaining in the Kyushu Grand Sumo Tournament.Hakuho was pushed back at the initial faceoff but eventually got a grip on Kotomitsuki's belt before lifting the ozeki out over the straw ridge to improve to 14-0 in the...
The Nomonhan Incident and the Politics of Friendship on the Russia-Mongolia-China Border
Uradyn E. BulagThe summer of 2009 in Ulaanbaatar was unusually bustling for an otherwise sleepy city at a time when almost half of its one million strong population were out in summer camps drinking koumiss (Mo. airag) in the vast countryside. The whole nation was determined to enjoy the precious tranquillity after a peaceful presidential election,...
Entree - PacMag Business Combination Doubles Copper Resources
VANCOUVER, Nov. 29 /PRNewswire-FirstCall/ - Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the "Company") announces that it has entered into a definitive agreement with PacMag Metals Limited (ASX:PMH - "PacMag") to implement Australian Schemes of Arrangement to acquire all of the issued shares and options of PacMag.PacMag has...
Khan gets offer from Russia's ARMZ, shares leap
TORONTO (miningweekly.com) – Russian uranium miner Atomredmetzoloto JSC (ARMZ) has offered to buy Toronto-based Khan Resources, which owns a controlling stake in a uranium project in Mongolia.State-owned ARMZ is offering C$0,65 a share for Khan, which represents a 48% premium on the closing price on Thursday, and a 103% premium over the 20-day volume-weighted...
Management team of Zoos bank will continue, said Mongol Bank governor
Management team of Zoos Bank led by Benjamin Turnbull, American banker will be retained, said today Purevdorj, MongolBank Governor.Last week, MongolBank nationalized bankrupt "Zoos" bank as the bank sought merger with Savings Bank.Benjamin Turnbull was appointed as CEO of the bank in July of this year to represent European Bank of Reconstruction and...
Owner of "Mongol Gazar"Holdings arrested, reports Mongolian newspapers
Mongolian newspapers "Dayar Mongol" and " Ulaanbaatar Times" reported today Myanganbayar, owner of "Mongol Gazar Holdings" gold mine company arrested in Chinggis Khaan Airport after coming back from China a week later. The newspapers reported Myanganbayar was...
Future for Foreign Investment in Mongolia Bright
BEIJING, Nov. 27 – The future for Mongolia is very bright according to Ganhhuyag Hutagt, the chief executive officer for TenGer Financial Group of Ulaanbaatar, Mongolia, who spoke at to a reception hosted by the Business Advisory Council of the Greater Tumen Initiative in Beijing on Monday.Discussing investment trends and opportunities in Mongolia,...
Mongolia’s first ski resort opens today
Mongolia is reportedly opening it’s first proper ski resort today, located near the capitol Ulanbaatar. SkiRebel.com has learned that Mongolia’s new ‘Sky Resort’ has nine ski runs served by two chairlifts, one of which is just for beginners, and four surface lifts. The lifts and runs are located between 1379m (4523ft) and 1570m (5150ft), giving it...
Opinion: much left unanswered after the senseless killing in the Southern Border
The killing of their superiors by AK-47 by the four young border guards shocked the country. What happened in military base of Fort-Hood, USA is being repeated here in small scale in Mongolia. When I was little boy, I used to hear many stories like " poor guy, got beaten up by his superiors and now he is crippled", " he froze his feet because old soldiers...
Review: THE HORSE BOY
Roughly one out of every ninety children are born with autism. Approximately one percent of children in the United States, between the ages of 3 and 17, have an autism spectrum disorder. Between 1-1.5 million Americans live with an autism spectrum disorder. These...
Mongolian Ambassador to Canada presented his credentials
Mongolian ambassador to Canada, Zalaa-Uul Tundevdorj presented his credentials to Michaëlle Jean, Governor General and Commander-in-Chief of Canadian Armed Forces on Nov 23, 2009. The ambassador passed greeting of the President Elbegdorj to the Governor General...
Aftermath of the unprecedented mutiny of border guards in southern border of Mongolia
Mongolia is still in shock over unprecedented killing by four guards in southern border of country. Emergency working group comprised of Border Troops Authority and Central Intelligence Agency, General Headquarter of the Armed Forces and Police are investigating...
Onjuul drilling update
Onjuul drilling updateTSX.V - GMGVANCOUVER, Nov. 24 /PRNewswire-FirstCall/ - Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company"), is pleased to report from the Mongolian camp site that the first hole of Gulfside's drilling program on the Onjuul coal project in Mongolia has been completed, and yielded preliminary information...
Thanksgiving meals will be minus the main dish for many U.S. Embassy staff
By Franklin Fisher, Stars and Stripes Mideast edition, Wednesday, November 25, 2009PYEONGTAEK, South Korea Every year before Thanksgiving, U.S. Embassy staff in Mongolia do something few Americans have to do.They check whether any military flights will be leaving bases with Defense Department commissaries and heading for Chinggis Khaan International...
Korea Gas to Study Coal-Bed Methane Development With Mongolia
By Kyung Bok ChoNov. 24 (Bloomberg) -- Korea Gas Corp. will study the development of coal-bed methane gas resources in Mongolia, the South Korean government said. The state-run company and the Mongolian government plan to process the gas into clean-burning dimethyl ether for use in Mongolia, South Korea’s Ministry of Knowledge Economy said today in...
Mongolia's aloofness only hinders itself
Following editorial appeared in Global Times newspaper of Chinese Communist Party issue dated Nov 2, 2009.This editorial carries anti-Mongolian sentiment.By Ganbat, editor of the MonInfo News ServiceMongolia's aloofness only hinders itselfMongolia's skepticism toward China has gone too far with its plans to bar China from developing the copper and...
