Finance Minister explains proposed graduated royalty rates

The Government yesterday decided that a bill to amend the Law on Mineral Resources should be submitted to Parliament for approval. The draft proposes graduated royalty rates to replace the 68 percent windfall tax. Minister for Finance S.Bayartsogt explained the...

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Elbegdorj, Wen Jiabao stress economic cooperation

President Ts. Elbegdorj’s talks with Chinese Premier Wen Jiabao in Beijing focused on greater economic and trade cooperation between the neighboring countries. Premier Wen said, "We should sign economic and trade agreements to lay a solid legal basis for bilateral...

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Mongolia, South Korea to build waste recycle plant in Ulan Bator

ULAN BATOR, Apr. 24, 2010 (Xinhua News Agency) -- Mongolia and the Republic of Korea on Saturday signed a cooperation agreement to build a waste recycling plant in the Mongolian capital city. The cooperating parties are the Ulan Bator municipal administration and the Korea International Cooperation Agency, according to the city's administrative office. ...

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Mongolian FM Here

Pyongyang, April 20 (KCNA) -- Gombojab Zandanshatar, minister of Foreign Affairs and Trade of Mongolia, and his party arrived here on Tuesday. They were greeted at the airport by Pak Kil Yon, vice-minister of Foreign Affairs of the DPRK, and Sodovjamts Khurelbaatar, Mongolian ambassador to the DPRK....

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Pak Ui Chun Meets Mongolian FM

Pyongyang, April 20 (KCNA) -- Talks between Pak Ui Chun, minister of Foreign Affairs of the DPRK, and Gombojab Zandanshatar, minister of Foreign Affairs and Trade of Mongolia, took place at the Mansudae Assembly Hall on Tuesday. Present there from the DPRK side were Ri Sok Chol, vice-minister of Agriculture, Kim Kyu Rak, vice-minister of Fisheries,...

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Zandanshatar Gombojav, Minister of Foreign Affairs to visit North Norea

Zandanshatar Gombojav, Mongolian Minister of Foreign Affairs to visit North Korea between 20-22 April according to invitation of Pak Il Chun, North Korean Foreign Minister, announced Press service of the Ministry of Foreign Affairs this morning. The Minister to meet Kim Yon Nam, chairman of Presidium of People’s Assembly of Democratic People’s Republic...

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Cash-for-Work Carcass Clean-up launched in Mongolia

15 April, Ulaanbaatar, Mongolia – Herders began the enormous task today of burying millions of livestock carcasses in the three aimags that were severely affected by harsh winter conditions. With support from the UN Development Programme (UNDP), the herders are now part of a Cash-for-Work programme which provides them with immediate income while also...

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Mongolia gets ADB support for herder

Herder lands have been buried in deep snow since early winter On April 12, the Asian Development Bank in Manila, Philippines announced that they will provide $2.5 million in financial aid for isolated nomadic herder families, struggling to survive amidst an...

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Hunger protest forced to cease

Compromise hasn't deterred these protesters from starving themselves The hunger protest by 7 citizens on Sukhbaatar Square was forced to cease when they were taken to hospitals for necessary treatment by policemen around 11:30 pm, on April 14.The People’s Union...

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Adults can now receive Tgs70,000 from HDF

Starting April 15, adults over the age of 18 started receiving Tgs 70,000, as the first part of the political parties’ promise to allocate shares from the m i n e r a l s resources. Parliament made decision to distribute Tgs 120,000 to every citizen this year...

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Mongolia sends condolences to Poland

Mongolians express heartfelt sympathy for Poland’s tragic loss On Tuesday, April 13, Mongolia’s Foreign Ministry organized a memorial gathering to extend deep sympathy to the families of Polish President, Lech Kaczynski, first Lady Maria Kaczynski, and high...

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Mongolia to donate meat to North Korea

During cabinet meeting last Wednesday, Government of Mongolia decided to donate 30 tons of meat to North Korea. According to press service of the Government of Mongolia, “ per request of DPRK, Government of Mongolia is assigning Badamjunai, Minister of Food, Agriculture and Light Industry and Zandanshatar Gombojav, Minister of Foreign Affairs and...

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Mongolia to Develop Biggest Untapped Uranium Field With Russia

By Yuriy Humber April 14 (Bloomberg) -- Mongolia will develop its biggest untapped uranium field in a venture with Russia after revoking Khan Resources Inc.’s permit to exploit the Dornod resource. The Asian country’s state-owned KOO MonAtom will hold at least 51 percent in a venture with Russia’s government-run ARMZ Uranium Holding and possible...

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Khan Receives Notice of License Invalidations

TORONTO, ONTARIO, Apr 13, 2010 (MARKETWIRE via COMTEX) -- Khan Resources Inc. /quotes/comstock/11t!kri (CA:KRI 0.54, -0.31, -36.47%) ("Khan") announced today that its 58%-owned Mongolian joint venture subsidiary, Central Asian Uranium Company, LLC ("CAUC") and its 100%-owned Mongolian subsidiary, Khan Resources LLC ("Khan Mongolia") have received...

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Garrison Appoints Consep International Ltd. to Provide a Turnkey Gold Plant

TORONTO, ONTARIO, Apr 13, 2010 (MARKETWIRE via COMTEX) -- Garrison International Ltd. /quotes/comstock/11v!e:gau (CA:GAU 0.10, +0.01, +11.11%) ("Garrison") is pleased to announce that it has appointed Consep International Ltd. ("Consep") to establish a turnkey gold plant at Garrison's Tovshiir gold project in South Eastern Mongolia. Consep is a...

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Khan Resources says Mongolia cancels units' licenses

* Nuclear agency invalidates mining, exploration licenses * Khan to challenge decision in court * Shares sink 40 pct (Recasts; adds details, CEO comment, updates share movement) By Ashutosh Joshi BANGALORE, April 13 (Reuters) - Khan Resources Inc (KRI.TO) said Mongolia's Nuclear Energy Agency (NEA) invalidated the mining and exploration licenses...

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SouthGobi sees jump in Mongolian coal exports to China

* Mongolia expected to export 12 mln T to China in 2010 * China domestic coking coal output short of demand BEIJING, April 13 - Coal imports from Mongolia are expected to nearly double in 2010 from a year earlier, making Mongolia the third or fourth largest coal supplier to China, the top executive of SouthGobi Energy Resources Ltd said on Tuesday. Mongolia...

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Mongolia Gets ADB Support for Herder Families Battling Natural Disaster

MANILA, PHILIPPINES - Isolated nomadic herder families in Mongolia who are struggling to survive amidst an unfolding natural disaster are to receive support from the Asian Development Bank's (ADB) Asia Pacific Disaster Response Fund. A grant of $2.5 million from the Fund to the Government of Mongolia will help deliver food, fuel, and health and social...

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Leighton secures $940m contract boost

A subsidiary of Leighton Holdings Ltd has signed a $940 million contract adjustment to increase production at a coal mine in southern Mongolia. Leighton Asia signed the contract adjustment, which will pave the way for increased production at the Ukhaa Khudag coal mine, according to a statement from the parent company. The mine produced 1.8 million...

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Agricultural Cooperation between Turkey and Mongolia

The first step to be taken in the agricultural cooperation between Turkey and Mongoliawas carried out. In this regard, an agricultural expert (agronomists) employed at TİKA went to Mongolia in order to review Mongolia’s current agricultural potential and exploring the cooperation possibilities in the field as well as to identify priority activity areas...

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Mongolia Names Hong Kong Top Fundraising Market for State Firms

By Hanny Wan April 12 (Bloomberg) -- Mongolia named Hong Kong as its first-choice market for state-owned assets to raise money from the nation's largest trade partner, China. Major state-owned companies and assets in energy- and infrastructure-related industries are among those that will seek to raise money selling shares in international and local...

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Important Days of DPRK Marked in Mongolia

Pyongyang, April 9 (KCNA) -- Seminars, lectures and film shows were held in Mongolia, India and Thailand on April 1 and 2 to commemorate the Day of the Sun, the 17th anniversary of General Secretary Kim Jong Il's election as chairman of the DPRK National Defence Commission and the 78th anniversary of the foundation of the heroic Korean People's Army. Displayed...

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Photo News:Demonstration organized by "People's Movement to demand the promise" on 5 April, 2010

Many retired people took part in the rally. Herder woman Lkhagvaa from Bayankhongor province demanding dissolution of the State Great Khural-Mongolian Parliament Protesters gathering in central square of Ulaanbaatar by 11 am. Buddhist monks came to...

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5,000 flood Mongolia's capital, demand new govt

ULAN BATOR, Mongolia – More than 5,000 protesters surged through the center of Mongolia's capital Monday to demand that parliament be dissolved and that promised aid be handed out. The largely peaceful rally was the biggest protest in Ulan Bator since July 2008 when five people were killed and more than 200 were hurt in riots over alleged election...

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Canadian Mining Company Faces Troubles In Mongolia

By Bruce Pannier Despite the potentially huge profits, it can be difficult to do business in a former communist country -- particularly one that is in Asia. Western companies have learned this the hard way. One current example is in Mongolia, involving a Canadian company, Khan Resources, and a rapid chain of events that put the company on the verge...

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Mongolian Minister of Foreign Affairs and Trade to visit North Korea

According to some sources, Zandanshatar, minister of Foreign Affairs and Trade is to visit North Korea in April. Dates for the visit are not yet confirmed. Mongolia and North Korea are traditional allies dating back to Korean war in 1950s. Then, Mongolia received hundreds of North Korean war orphans and sent meat and livestock animals to the North...

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Mongolia's zud: Bitter toll

As millions of animals die by famine, some herders long for the bad old days IN A country where livestock outnumber people by an order of 16 to one, animal welfare is no small matter. In Mongolia this year the animals are not faring well at all, and the 2.8m human inhabitants are feeling their pain. Hundreds of thousands of Mongolians depend directly...

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Ivanhoe finalizes Oyu Tolgoi investment agreement

TORONTO, March 31 (Reuters) - Ivanhoe Mines (IVN.TO) has finalized an investment agreement with its partners to develop the Oyu Tolgoi copper-gold project in Mongolia, and full-scale construction is set to begin in the second quarter, the company said on Wednesday. In October, Mongolia wrapped up a long awaited deal to develop Oyu Tolgoi -- one of...

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