An Indian government and business joint delegation on the mines sector, led by the seniormost bureaucrat at the Ministry of Mines, Ms. Santha Sheela Nair, visited Mongolia recently. The delegation called on Prime Minister S. Batbold and briefed him about the proceedings of the Mongolia-India joint working group (JWG) meeting and identification of specific...
Mongolia Celebrates Sports Day in UB
Mongolian Sports federation celebrated Sports day on June 25, 2010.
They demonstrated the marching parade at the Sukhbaatar Square; also, the federation distributes flowers to athletes and accounted their success and victory in future.
There were many champions of continent and world, leading trainers and sport’s lover gather at the Square. Also,...
Mongolia coal railway to link with Russia
Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the south, the latest move in the long-delayed project that will help make the poor but mineral-rich nation less dependent on exporting to China.
The landlocked country of 2.7 million people is trying to retain more of its natural wealth...
Mongolian studies being promoted abroad
Dr. Anna Tsendiin continues in her father’s research
In the past, Mongolian studies were centered in Russia but now are moving in the direction of Hungary, Germany and within Russia to Buryatia. Dr. Anna Tsendina, a professor and researcher of Institute for...
China Daily interviews Mongolian PM
On June 22, Prime Minister S. Batbold was interviewed by journalists of ‘China Daily’ newspaper in connection with the paper’s pending special edition about Mongolia. In the interview, the Prime Minister underlined that the mechanism for bilateral high-level meetings plays an important role to develop Mongolia-China ties and cooperation and bring them...
New maternity hospital planned
Mothers are hopeful to give birth in a more secure and comfortable environment. Government head and Health Minister promised that a new maternity hospital would be built and current maternity hospitals will be modified by next year. After seeing the maintenance work and activity of Maternity Hospital #1 on June 18, Prime Minister S. Batbold said, “I...
Pronouncement - Oyu Tolgoi mine
BNP Paribas and Standard Chartered have won the mandate to work on the $4.6bn Oyu Tolgoi copper and gold mine scheme being developed by Ivanhoe Mines and Rio Tinto in Mongolia. The two will work on structuring the proposed 1.2 bn B loan part of the debt financing backed by the EBRD and the IFC. The decision on the two will now need to be approved by...
Khan Resources prepares suit against Mongolia, claiming licences taken illegally
TORONTO - Khan Resources Inc. (TSX:KRI) says it's pursuing legal action to recover what it alleges was "illegal expropriation" of its uranium licences in Mongolia and has hired a Washington, D.C. law firm to handle the case.
Crowell & Moring LLP will start international arbitration proceedings against the Mongolian authorities, pointing to the...
Petro Matad spuds Davsan Tolgoi-1 exploration well in Mongolia
Petro Matad says that the Davsan Tolgoi-1 (DT-1) exploration well was spudded at 2 a.m. Mongolian time on 23rd June (1900 hours on 22nd June 2010, BST).
The DT-1 well is being drilled vertically to an estimated target depth of approximately 1440 metres.The well is being drilled in accordance with the Company's drilling contract with Chinese operator...
Foot and Mouth Disease Outbreak in Mongolia
Dornod province of Mongolia alone has destroyed 1,308 animals infected with highly contagious foot and mouth disease, the Government spokesperson stated this week.
In three eastern provinces of Dornod, Sukhbaatar and Khentii, burying of infected herds and disinfection measures are being taken by local authorities in an attempt to contain the high...
Red Hill Energy Inc.: Drilling Completed at Prophecy's Chandgana-Khavtgai Coal Project, Updated NI 43-101 Resource Report Is Expected by August
VANCOUVER, BRITISH COLUMBIA, Jun 21, 2010 (MARKETWIRE via COMTEX) -- Prophecy Resource Corp. ("Prophecy" or the "Company") (CA:PCY 0.57, -0.01, -1.72%) (PINK SHEETS: PRPCF)(FRANKFURT: 1P2) is pleased to report the successful completion of its spring exploration program on its 100% owned Chandgana-Khavtgai license in Khentii aimag (province), Mongolia....
Mongolian Christians want to connect to global body
Mongolia (MNN) ― Though the world's second largest landlocked country, Mongolia is sparsely populated with only 2.9 million people, and less than one percent of Mongolians are Christians.
However, the number is steadily increasing, and believers are excited and vocal about their faith. Through church outreach, 300 home groups have been started throughout...
Mongolia, gold and a relaxed yuan - David Hargreaves, Mining Consultant: WH Ireland
A look at the difference between steel industry metals and LME metals, the impact of a relaxed yuan, a bit on precious metals and the outlook for Mongolia
GEOFF CANDY: Welcome to this weeks' edition of Mineweb.com's weekly Newswrap podcast and joining me on the line is mining consultant to WH Ireland, David Hargreaves. David it has been quite an...
Runge opens Mongolian office, wins new contract
Queensland-based mining technology services company Runge has won a significant scoping study contract for a Mongolian mining house just months before opening its own office within the country.
The contract for Oyuny Undra Holdings, which has a Tungsten/Lithium Project in the South East Mongolia, represents the largest single pure technical consulting...
Herders awarded for best practices
Herder receiving award from M. Enkhbold and
Akbar Usmani
Within the scope of the ‘Cash-for-Work’ initiative undertaken by the National Emergency Agency of Mongolia and UNDP Mongolia, awards were given to 54 herders who passed last winter’s dzud disaster with...
Japanese media interviews Mongolia’s PM
On June 14, Prime Minister S. Batbold was interviewed by journalists of Japanese television and daily newspapers.
During the interview, the Prime Minister expressed his satisfaction with full partnership relations developing with Japan and reported that Mongolia’s Government made a decision to let the Japanese make 30 days visa-free travel to Mongolia...
‘Demographic window’ contributes to a brighter future
There is a growing demand for a young, professional workforce.
The period when demographic structure of the population becomes younger and the able-bodied number of the population reaches its height is called the ‘Demographic Window’. In Mongolia, the 1980s...
TT Issues under discussion
Parliament supported ‘in principle’ the draft parliamentary resolution, tender documents and draft investment agreement regarding Tavan Tolgoi coal deposit, submitted by the government, and decided to discuss them.
Parliament is planning to approve the matter during the spring session;
however, the process of discussion is not so speedy. Government...
UN Secretary-General praises Mongolian Soldiers
Ban Ki-Moon, Secretary-General of the United Nations (UN) met with Mongolian troops
Ban Ki-Moon, Secretary-General of the United Nations (UN) met with Mongolian troops who are taking part in peacekeeping operations in Sierra Leone. The meeting was held in scope...
Will desertification stretch the Gobi to UB
Award winning photo taken by N.Duinhar in Dornogobi Aimag dramatizes the reality of desertification
Over 90 percent of the land area in Mongolia is classified as a fragile dry-land and 72.3 percent of which is affected by desertification, says the Desertification...
In resource-rich Mongolia, debate lingers on China ties
"So, while there will be a lot of investment from China, there will be limits to that investment. There will need to be a lot of partnership arrangements with Mongolian companies to facilitate Chinese investment."
China, for its part, has been clear about its economic ambitions in the northern land of windswept grassland.
More than 70 percent of...
Mongolian govt to post security bond for Altantuya's family
KUALA LUMPUR: Karpal Singh who is counsel for the family of murdered Mongolian translator Altantuya Shaariibuu said the Mongolian government had agreed to post a security deposit bond of RM60,000 for the family to enable the Court of Appeal to continue with the compensation hearing.
“They (Mongolian government) have agreed to make the payment before...
MONGOLIAN GIRL WINS CHESS WORLD CUP
Ulaanbaatar, Mongolia, /MONTSAME/ A Mongolian chess player B.Anu won a gold medal in Chess World Cup competitions held on June 11-13 in Nevada State, USA.
The chess competitions named after World champion Susan Polgar brought together 1,114 chess players from various countries. The Mongolian girl B.Anu competed in the under 19-year...
Mongolia to sell off mining assets
MONGOLIA'S plan to privatise its state-owned assets will allow international investors access to some of the world's largest untapped mineral resources through initial public share sales, most likely in Hong Kong.
Dulam Sugar, chairman of Mongolia's State Property Committee, said that even though the procedure of equity listings had not been confirmed,...
The Two Horses of Genghis Khan -- Film Review
BERLIN -- While some directors find their niches, others create or recreate their own genres. This is definitively the case with Byambasuren Davaa, whose docudrama "The Story of the Weeping Camel" tugged at heartstrings in arthouse cinemas across the world a few years back. Using non-actors and real locations, Davaa managed to bring the traditional...
Hong Kong Bourse Met With Mongolian Mining Companies on Listing
June 16 (Bloomberg) -- Hong Kong Exchanges & Clearing Ltd. has met Mongolian mining companies seeking to list in the city, said Chief Marketing Officer Lawrence Fok, who is in the North Asian country for a forum on corporate capital raising.
Hong Kong Exchanges, which operates Asia’s third-largest stock market, is processing more than 70 initial...
Foreign dollars for Mongolia boost
Mongolia is looking for foreign investors to help it boost domestic crude oil production tenfold in the next three years, a senior Mongolian diplomat said today.
The increase in crude production to 10 million barrels a year from 1 million in 2009 would coincide with construction of Mongolia's first oil refinery, enabling the land-locked country...
Mongolia aims to list gold mine; seeks LSE, Nasdaq help
ULAN BATOR June 15 (Reuters) - Mongolia plans to list its Oyu Tolgoi mine, one of the world's biggest untapped copper and gold deposits, and is receiving proposals from global stock exchanges to assist with turning its state-run stock market into a private enterprise, a government official said on Tuesday.
Mongolia hoped to list Oyu Tolgoi on the...
July 1 cases against police reopened
State Prosecutor General D.Dorligjav has ordered a fresh investigation into the police firing on July 1, 2008 which resulted in the death of five citizens. Initially, senior officials such as the head of the General Police Authority, Maj-Gen. Ch.Amarbold, the head of the Metropolitan Police Authority, Mr. O.Zorigt, the head of the Public Discipline...
Inflation reaches 16.1 percent in Ulaanbaatar
Inflation at the end of May was 13.1 percent nationwide and 16.1 percent in Ulaanbaatar, where meat prices rose 50 percent and that of vegetables 20 percent. There are concerns that the inflation rate would rise to the level of two years ago, when it stood at 34 percent, with the price of wheat and flour rising the most.
The consumer price index last...
“Nature is taking revenge, it’s all our fault,” rues herder
Talking about the dzud and its devastating effects, P. Zagarzusem, governor of Uyanga, an administrative district and one of the worst-hit areas, told an AP correspondent, "For many herders, livestock is their main source of income. It"s their business. It"s what they do. That"s why the loss the herders are experiencing is the same as when a company...
Prophecy Resource ties up with Japanese firm to market Ulaan Ovoo coal
Prophecy Resource Corp. and Sojitz Corporation of Japan have entered into an exclusive agreement to jointly market thermal coal from Prophecy"s 208-million-ton Ulaan Ovoo coal deposit to buyers in China. The agreement also covers Japan and Korea, provided that the coal is sold through the Chinese land border from Mongolia.
By capitalizing on its extensive...
Parliament begins discussion of Tavantolgoi proposals
Prime Minister S.Batbold explained the Government’s proposals on the Tavantolgoi coal deposits at Parliament on Thursday.
The plan is to divide the deposit into two. The first part will have some 3.5 billion tons of coal and will be under a state owned company established for the purpose. No less than 10 percent of its shares will be distributed equally...
Oyutolgoi Board holds first meeting
The Representative Administrative Board of Oyutolgoi LC has held its first meeting with G.Batsukh in the chair. Over two days the board discussed and then approved working procedures and also set the date of the next meeting.
Keith Marshall, representing Ivanhoe Mines, reported that with the hiring of 1,200 employees in the past two months, the number...
Push to draw Chinalco into Oyu Tolgoi project
THE governments of China and Mongolia are discussing a potential labour agreement which, if finalised, will transfer 2500 Chinese to work for the copper-gold mining project Oyu Tolgoi in Mongolia, the 21st Century Business Herald reported yesterday.
A person involved in the talks, who was not named, said the earliest a decision about whether Chinalco...
Mongolian ambassador meets head of Russian Railways to urge progress on upgrading railway system
Ambassador to Russia D.Idevkhten met V.I.Yakunin, president of the Russian Railways, which holds half the shares of Ulaanbaatar Railway, to impress upon him the imperative need to extend the UB Railway network and to upgrade its technology so that the new demands of an emerging Mongolian economy can be met .
Idevkhten said collaboration in the railway...
Chinalco to co-develop Mongolian copper-gold mine
Aluminum Corporation of China, or Chinalco, a large Chinese resources company, is now negotiating with Mongolia about its participation in the project of Oyu Tolgoi, a copper-gold mine of Mongolia. If a labor contract is signed successfully, about 2,600 Chinese workers are expected to work for the project, said a member of the Chinese delegation on...
Mongolians to share TT profits
Tavan Tolgoi coal deposit will be under 100 percent state ownership and every Mongolian will enjoy a preference to own shares of Tavan Tolgoi, a leading coal deposit in the world with a reserve of 6.4 billion tonne.
Government submitted the draft Investment...
