Rio Tinto Ltd says it has finalised an investment agreement with the Mongolian government for the development of the $US4 billion ($A4.37 billion) Oyu Tolgoi copper-gold project.
"The investment agreement has now taken full and binding effect," Rio Tinto said in a statement on Wednesday.
Under the agreement, the government of Mongolia will own 34...
Government of Mongolia approves Oyu Tolgoi feasibility study
During regular cabinet meeting this afternoon, Government of Mongolia ratified Oyu Tolgoi gold and copper deposit feasibility study and thus, all conditions for the investment agreement signed on Oct 6, 2009 have been met and the agreement has become effective.
The agreement was subject to administrative and procedural conditions that must be met...
Mongolia: UN provides more funds as severe winter continues to bite
29 March 2010 – The United Nations has allocated $3.7 million in emergency funding to support UN agencies in Mongolia as they try to assist more than half a million people suffering from the combined effects of a long, severe winter and a preceding harsh summer drought.
A “dzud,” which is unique to Mongolia, can have a devastating impact on the rural...
Mongolia winter kills herds, devastating the poorest
By Tyra Dempster
BEIJING, March 29 (Reuters) - A severe winter has left 4.5 million dead animals in stockyards across the Mongolian steppes, and many poor herders face the loss of all their property just before the important breeding season.
About a tenth of Mongolia's livestock may have perished, as deep snows cut off access to grazing and fodder.
The...
Mongolian herders need food aid after hard winter
By GANBAT NAMJILSANGARAV, Associated Press Writer Ganbat Namjilsangarav, Associated Press Writer – Sun Mar 28, 8:46 pm ET
ULAN BATOR, Mongolia – Emergency food relief is needed for nomadic herders in Mongolia after the number of livestock killed there by blizzards and extreme cold doubled in recent weeks, the Red Cross said Monday.
International funds...
Even in Distant Lands, the Welcomes Are Warm
Steven Zimmerman, the chief of operations for Room to Read, a nonprofit educational group, in Bangladesh last December.
UNTIL the age of 18, I never traveled outside of New York, New Jersey and Connecticut. But in the last four decades, I’ve clocked more than...
Bishop discusses growth, challenges for Catholic Church in Mongolia
ORLANDO, Fla. (CNS) -- Bishop Wenceslao Padilla of Ulan Bator, the Mongolian capital, said his greatest joy has been seeing Mongolia's "baby church grow into maturity." "I take delight in observing the church membership and its activities grow and flourish," he said in an e-mail to the Florida Catholic, newspaper of the Orlando Diocese. The bishop,...
Huge horse and livestock losses in Mongolian winter
Mongolian herders have lost massive numbers of horses, goats, sheep, camels, cows and yaks in a harsh winter, the United Nationals Development Programme reports.
It estimates that 2.7 million livestock have perished nationwide during a winter of extreme cold and snow - known locally as a dzud - with another three million at risk of death by the...
Books for Asia in Mongolia
A contributor to the Asia Foundation is donating $1 toward books for English language students in Mongolia for every vote cast on the site below.
See the video and vote here:
http://bookvote.asiafoundation.org
MonInfo News service...
Ivanhoe Chairman: Looking At Different Options To Fund Mongolia Project
SINGAPORE -(Dow Jones)- Ivanhoe Mines (IVN.T) is working with Rio Tinto (RIO.AU) to satisfy the remaining conditions in order to complete the investment agreement for the Oyu Tolgoi copper-gold project in Mongolia, Ivanhoe CEO Robert Friedland said Thursday at a mining conference.
The agreement is subject to conditions that must be met by April 6,...
Musings of a Mongolian woman: Local vs.Foreign
The question of boyfriends and husbands for Mongolian single ladies. The current situation is very peculiar in our country. The statistics show that the gender ratio is fairly even 51:49 or somewhat close to this ratio. However, the real ratio is different from above. Most men are gone to work abroad, while kids, elders, and women have stayed at home....
Rencap Steppes into Mongolia with two tie-ups
By Ivan Anderzhanov in Moscow
Emerging markets investment bank Renaissance Capital has agreed on alliances with two investment firms in the Central Asian frontier of Mongolia.
The bank has signed deals with International Capital Corporation (MICC) and Monet following its recent joint venture agreements in Serbia, India and openings in South Africa...
Chinalco, Rio Tinto in talks to co-develop mine in Mongolia
Mar. 25, 2010 (China Knowledge) - Aluminum Corp of China, which is the country's largest nonferrous metal producer and is also known as Chinalco, is in talks with Australian mining company Rio Tinto Plc to jointly develop the Oyu Tolgoi copper-gold mine in Mongolia, Liu Xiangmin, managing director of Chalco, said yesterday.
Oyu Tolgoi is the world's...
Magazine on Mongolia launched in Netherland
Dutch anthropologist Matthea Van Staden launched “Mongolia” magazine on 19 March, 2010 in Dutch town of Groninen. The magazine is in Dutch language and promotes Mongolian culture, fashion and handicrafts. Launching of the magazine coincided with organization of...
Mongolia grants Japanese nationals 30-day visa-free visit
During cabinet meeting held on Wednesday, Mongolian goovernment decided to grant Japanese citizens visa-free entry for up to 30 days.
According to the decision, Japanese nationals are now allowed to stay in Mongolian territories for 30 days with no visa requirements.
The main purpose of the measure is to attract more Japanese tourists to Mongolia,...
Mongolian mother gets suspended sentence for smuggling cigarettes
A Mongolian mature student has escaped deportation and has received a two-year suspended sentence for smuggling €12,400 of cigarettes into Ireland.
Batchullun Pureevjal (aged 33) with an address at College Gate, Townsend Street, Dublin 2, pleaded guilty to possessing 39,000 cigarettes in her luggage, with intent to defraud the State, at Dublin Airport...
Mail for Mongolianviews.com: An appeal-to the people of Japan
We received following e-mail and we are posting it for our readers.
MonInfo staff
AN APPEAL
To the People of Japan
3/19/10
Despite numerous protests against exhibition titled, “Tibet – Treasures from the Roof of World” in major Japanese cities, the Exhibition is still going on in Osaka, and the next venue is Sendai. This has emboldened Chinese communist...
Philippines donates $20,000 for Mongolian disaster
The Philippines donated $20,000 (P911,500) to Mongolia, helping the country’s efforts to adjust to zud, or winters which make it difficult for livestock to find fodder.
Citing a report from the Philippine Embassy in Beijing, the Department of Foreign Affairs said the Philippines also relayed its sympathy to Mongolia for the disaster.
“Philippine...
Musings of a Mongolian woman:Is Mongolia a trash bin?
Is Mongolian economy and society becoming a trash bin for foreigners? In last few years, the illegal immigrants, workers from China and other countries seem to be increasing substantially. It is estimated that 100-200 thousand Chinese illegal workers inhabit in Ulaanbaatar city. There are no accurate estimates for illegal residents in Mongolia. It...
Ivanhoe Mines Closes US$241 Million Private Placement With Rio Tinto
Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN), announced today that the company has closed its private placement with Rio Tinto that was announced on March 1, 2010.
As part of the private placement agreement, Ivanhoe Mines has issued 15 million common shares to Rio Tinto at CDN$16.31 per share, for total...
SouthGobi Energy Resources Announces 2009 Financial Results and Review of Operations
SouthGobi Energy Resources Ltd. (TSX: SGQ)(PINK SHEETS: SGQRF)(SEHK: 1878), (the "Company" or "SouthGobi") today announced its financial results for the year ended December 31, 2009. All figures are in US dollars unless otherwise stated.
Highlights during the year and significant items:
-- The Company sold approximately 1,330,000 tonnes of coal...
