"Mongolia will determine the choices it makes about its own future, but international experience, both good and bad, can also be helpful and offer useful and important insights as Mongolia learns from both the successes and failures of others." This was said by U.S. Ambassador to Mongolia Jonathan Addleton at a public forum organized earlier this month...
RiverMovements.org Newsletter - 2010.05.31
Dear All,
I’m very delighted to inform you a brief update on the River Movements’ activities. The United Movement of Mongolian Rivers and Lakes (UMMRL) and the Water Agency are still working on delineating the boundaries which will be prohibited mining operations throughout the country including about 350 soums1 and 21 aimags2. There are several joint...
City officials detail the money Ulaanbaatar needs
Prime Minister S.Batbold told donors and international financial organizations at a meeting organized on Friday by city officials that years ago foreigners used to called Ulaanbaatar Asia’s White Diva. Admitting that would be very much a misnomer today, Batbold called for hard work to make Ulaanbaatar a better city to live in. The first step would...
Chinese PM’s visit will further strengthen ties
Chinese Premier Wen Jiabao"s two-day visit to Mongolia beginning tomorrow will help take forward bilateral good-neighborly relations based on mutual trust, Chinese Ambassador to Mongolia Yu Hongyao has told Xinhua news agency. The visit is the first by a Chinese premier in 16 years and also the first by Wen as premier.
It is expected to strengthen...
Mongolians celebrated Peacekeepers' Day -photo news
Mongolians celebrated Peacekeepers' Day in the central square of Ulaanbaatar yesterday with sports and Cultural events for the occasion.
Mongolian troops have been serving as UN Peacekeepers in Kosova,Sudan, Siere-Leone, Congo, Western Sahara, Ethiopia and Eritrea,...
MIAT Airline Strike Called Off
Two-day job “boycott” at the MIAT Mongolian Airline, a national flag carrier, ended last Wednesday with dismissal of its chief executive officers as well as those who went on strike.
At least 1,100 passengers were stranded, and many international flights to Beijing, Seoul, Moscow and Berlin were canceled because of the strike called by around 100 ground...
Geopolitics queers the pitch for those wishing to do business in Mongolia
Mongolia sits atop billions of dollars of mineral wealth and its economy is poised to grow rapidly, but foreign investors are finding that geopolitics hangs heavy over business in a nation caught between China and Russia, says a Reuters analysis. Few companies are more aware of the perils of investing in Mongolia than Canadian miner Khan Resources,...
Tavan Tolgoi Draft Submitted to Parliament
Best interests for the nation will be highest priority in choosing strategic investor of Tavan Tolgoi project, reaffirmed Minister of Minerals and Energy D.Zorigt. “No any side will be given advantageous rights. Each of them will have equal chance to win,” he said. But he admitted that there is growing demand to push national producers and national-level...
President attends Buddha’s birthday celebrations at Gandan-photo
Thursday was the anniversary of the day according to the lunar calendar when the Buddha was born, received enlightenment, and also attained nirvana. President Ts.Elbegdorj attended the celebrations at Gandantegchinlen, the main Buddhist Monastery in Ulaanbaatar....
RPT-UPDATE 1-Ivanhoe takes steps on Mongolia mine financing (Repeats to widen distribution)
* EBRD, IFC consider financing Mongolian copper-gold mine
* EBRD, IFC may provide up to $300 mln each
NEW YORK, May 21 (Reuters) - Ivanhoe Mines (IVN.TO) said on Friday it has signed a preliminary agreement with two international financial institutions that are evaluating a major financing package for the construction of the Oyu Tolgoi copper-gold...
Mongolia beating Ireland on broadband speeds
Ireland's broadband speeds continue to compare badly with international standards.
A new global survey from test company Ookla show that the average download speed in Ireland is 6mbits. Most EU countries are averaging well over 10mbits.
Ireland comes 41st on the download index, which is headed by South Korea and Latvia. The country only manages 60%...
G.Zandanshatar Meets German Foreign Minister
Mongolia’s Foreign Minister G.Zandanshatar, who paid working visit to Berlin, met with Federal Foreign Minister of Germany Guido Westerwelle.
Foreign Minister Zandanshatar emphasized that Germany was Mongolia’s most important political and economic partner in Europe. He hoped to further expand bilateral trade relations and German investment in Mongolia.
German...
Stoke Newington's Hackney Gentlemen's Racing Club on rally to Mongolia
A group of intrepid friends from Stoke Newington will be driving 10,000 miles across 18 countries in a clapped-out rally car next month to raise money for children's charities.
Matt Treadgold, 29, and his teammates Alexa Taylor, 26, Mark Minchin, 29, and Steve...
New railway is essential: D.Ganbold
Ulaanbaatar Deputy Mayor D.Ganbold was for four years head of the Railway Authority when he prepared several proposals for railway development. He answers questions on the proposed railway policy.
The new policy is now being discussing in Parliament…
Yes. We had prepared three such documents but not one was approved. Let us see what happens this...
Doing business in Mongolia a tightrope walk
Mongolia sits atop billions of dollars of mineral wealth and its economy is poised to grow rapidly, but foreign investors are finding that geopolitics hangs heavy over business in a nation caught between China and Russia.
Few companies are more aware of the perils of investing in Mongolia than Canadian miner Khan Resources, now battling the might of...
Kazakhs maintain culture and tradition in Mongolia
ULAANBAATAR: Mongolia is largely a homogenous country, but pockets of ethnic minorities can still be found on its vast landscape.
The numbers of one such minority - the ethnic Kazakhs - appears to be fast dwindling.
In the outskirts of Mongolian capital Ulaanbaatar is a Kazakh community.
The 800 families living there are mainly miners who migrated...
MIAT cancels international flights following staff strike
A strike by technical staff led to the cancellation of this morning’s MIAT flight to Seoul. J.Bat-Erdene, State Secretary of the Ministry of Transport, Construction and City Planning, some 90 workers are involved. If they continue to refuse to work, replacements...
Khan Resources Admits CNNC Decision
In the recent development around resource “war” on Mongolia’s uranium district, Canadian Khan Resources, which holds interests in main uranium properties in the eastern part of the country, announced on May 21 that CNNC Overseas Uranium Holding has failed to obtain an approval for its offer to acquire all of the common shares of Khan at C$0.96 in cash...
Trade Union Urges Gov’t to Stop Manpower Export
Trade Unions last week appealed the government not to send migrant workers to South Korea as the country’s major mining projects would soon create tens of thousands of homeland jobs.
Thousands of Mongolians lined up last week at the outside of Ulaanbaatar’s social insurance offices, hoping to get job that will be paid by the minimum wage of Korean...
Mongolian Folk Art for UNESCO
UNESCO registered Mongolian traditional arts including national long song, Mongolian Tuuli (epic), morin khuur (horse head fiddle), biyelgee (Mongolian folk dance) and tsuur (bagpipe) and handed a confirmation for the Safeguarding of the Intangible Cultural heritage in National Museum of Mongolia on May 24.
The Ministry of Education, Culture and...
Ivanhoe seeking EBRD, IFC funds for Oyu Tolgoi
Ivanhoe Mines has said it is in talks with the European Bank for Reconstruction and Development and the International Finance Corp. for financing to build its Oyu Tolgoi mine. It has signed a joint mandate letter with the big financial institutions which will consider providing a two-part package including up to $300 million from each organization...
MPs consider new legal status for Ulaanbaatar
Parliament discussed on Friday revising the legal status of Ulaanbaatar, following the big rise in its population in recent years. Migration from rural areas has, according to M.Enkhbold who proposed the draft amendments, has increased the population of the capital city by 471,500. It is now one of the 477 cities in the world with more than one million...
HERDER FAMILIES TO RECEIVE MONEY
Wednesday's cabinet meeting allowed M.Enkhbold, the Deputy Premier and Head of the State Emergency Commission (SEC), to grant MNT 300 thousand to each of herder families that have lost all livestock due to zud disaster. The money is allotted from a non-refundable aid the Asian Development Bank (ADB) has given Mongolia.
In accordance...
SouthGobi Suspends Mongolia Mine Rail-Link Plan
SouthGobi Resources Ltd, the coal miner backed by China’s sovereign wealth fund, halted plans to build a rail link between its pit in southern Mongolia and the Chinese border because of uncertainty over government policy.
The Canada-listed company will concentrate on upgrading a road link in the deserts to the border, Chief Executive Officer Alexander...
MNT 300,000 for every herder family with total loss of livestock
Deputy Prime Minister and Chairman of the National Emergency Commission M.Enkhbold has revealed how the MNT 3.4 billion (approximately USD2.5 million) given by the Asian Development Bank (ADB) for dzud relief will be used. Altogether MNT 2,252,800,000 will be allocated to 8,576 rural families of Arkhangai, Bayan-Ulgii, Bayan-Khongor, Gobi-Altai, Dornod,...
Batbold holds wide ranging talks with visiting Czech Prime Minister
Jan Fischer, who arrived in Mongolia yesterday on the first visit here by a Prime Minister of the Czech Republic since 1993, has held long ranging talks with Prime Minister S.Batbold. The visit takes place on the 60th anniversary of establishment of diplomatic...
FOREIGN MINISTER LEAVES FOR GERMANY
Minister of Foreign Affairs G.Zandanshatar has left Mongolia to pay an official visit to the Federal Republic of Germany (FRG) May 18-22 at invitation of Mr Guido Westerwelle, the Foreign Minister of this country. This visit is the first one since 1999 when that times Mongolian Foreign Minister paid a visit.
Mr Zandanshatar will attend a ceremony of...
Itochu targets Mongolian coal to expand trade
Itochu Corp., Japan’s fourth-largest trading company, has invested in Winsway Coking Coal Holdings Ltd. to secure coal from Mongolia, stepping up competition with China and Russia for the steelmaking ingredient as prices jump, says a report by Bloomberg.
Itochu joined a group led by Hopu Investment Management Co., the $2.5 billion fund run by Goldman...
Three Mongolians appointed to OT Board
P.Tsagaan says Mongolians should benefit from mining sooner
On May 5, the State Property Committee appointed three authorized members to represent Mongolia on the Board of Directors for Oyu Tolgoi LLC. N. Bagabandi former President of Mongolia, P.Tsagaan advisor...
President attends V-Day anniversary in Moscow /photos/
President Ts.Elbegdorj and leaders of multiple nations gathered in Moscow to honor the 65th anniversary of the Great Patriotic War
On May 9, a celebratory event for the 65th anniversary of the victory in the Great Patriotic War was held in the Russian...
Boroo Gold tops the list by paying Tgs40 billion in taxes
Boroo Gold Company’s President John Kazakoff, the largest tax contributor in
Mongolia
Boroo Gold Company was named as the first biggest tax payer in Mongolia, contributing Tgs 40 billion in taxes for 2009. It means the company paid an average of Tgs 200 million...
“We Will Develop Tavan Tolgoi on Our Own Resources”: D.Bat-Erdene
One of important events happened in the country’s mining industry over the past half year became the establishment of “Mongol-999 National Consortium” Ltd, the first-ever attempt by national firms to develop domestic mineral deposit with own resources.
Daily...
Amai Returns in Mongolia
Recently, Mongolian man J.Zolbayar (nick name is Amai) back in mother land. Amai went for tour and to advertise about Mongolia around the world four years- six months ago.
On May 16, 2010, he organized a meeting with Mongolians in main square of UB and there...
D.Dorligjav: No mercy to corrupt prosecutors
Parliament last Friday approved the appointment of D.Dorligjav as Prosecutor General, with 92 percent of MPs accepting his nomination by the President. Talking to reporters after the Parliament vote, Dorligjav said his priority will be to ensure that prosecutors at all times abided by the law. The goal of the proposed judicial reforms is to encourage...
Chinese agricultural experts give assistance to Mongolia
Fourteen agricultural experts from Inner Mongolia selected by the Ministry of Agriculture recently left for Mongolia to participate in the two-year China—Mongolia "South-South Cooperation" Project, providing technological aid.
The dispatched experts will work in eight regions in Mongolia, and provide expert technical aid focusing on animal feed production,...
