DECEMBER 30, 2010 00:56
Mongolia, the birthplace of Genghis Khan, has abundant mineral resources in its vast grasslands and deserts. The natural resources-rich country has large deposits of coal, copper, gold, uranium, molybdenum and tungsten. As of 2007, mineral production accounted for 33 percent of the country’s GDP and 78 percent of exports....
Hong Kong’s Mongolian IPO Outlook
By Peter Stein
Hong Kong attracted its first Mongolian stock listing in 2010. Could a bigger, state-backed company be coming in the new year?
Only a few days ago, Mongolia’s government formed a holding vehicle for its stake in the massive Tavan Tolgoi coal deposit located near the southern border with China.
That company, Erdenes-Tavan Tolgoi Co.,...
UN asks China to reassess policies on Tibet, Inner Mongolia
DHARAMSALA: The United Nations has urged China to reconsider its policies in Tibet and inner Mongolia. Following his recent official visit to China, the UN special rapporteur on the Right to Food, Olivier De Schutter, has asked the Chinese government to reassess its policies which are displacing people in Tibet and Inner Mongolia.
The Special Rapporteur...
Better Ag stems from ATAR-3 success
More land, more crops, more food for Mongolia
S.Batbold, Prime Minister and head of the national council for the ‘Third Campaign for Reclaiming Virgin Lands’ agrarian development program, gave a speech at the national council’s meeting at the State House.Mr....
Opinion: New Years in Mongolia
Written by G.Chingis
Tuesday, December 28, 2010.
In 1921, Mongolia, with support of Soviet Russia, started to become a modern country. Since that time, Mongolia started to adopt some current holiday practices, such as New Years, International Women’s Day and Mongolian Army Day (Men’s Day).
The entire procedure to celebrate the New Year is the same...
The UB POST names the 2010 Top Events in Mongolia
Written by P.Shinebayar
1. Big Construction Works Launched
The Oyu Tolgoi Investment Agreement has entered into effectiveness only this year, though it was passed last year.
Big construction work has launched in southern Gobi after six years of delay. Armada of giant machineries and equipment is flowing into southern Gobi. Construction work of the...
North Korean leader Kim Jong Il's Work Published in Mongolia
Pyongyang, December 26 (KCNA) -- General Secretary Kim Jong Il's work "Abuses of Socialism Are Intolerable" was brought out in pamphlet by the Mongolian Centre for the Study of Juche on Dec. 18.
The work, published on Mar. 1, Juche 82 (1993), lays bare the reactionary nature and absurdity of sophism that socialism is "totalitarian," "barracks-like"...
Mongolia demands upfront payment for Tavan Tolgoi-paper
HONG KONG, Dec 28 (Reuters) - Miners bidding for Mongolia's Tavan Tolgoi, which could become one of the world's largest coal mines, have to submit a proposal for upfront payment to win the deal, the South China Morning Post reported on Tuesday.
Miners including China Shenhua Energy Co Ltd , Peabody Energy Corp (NYSE: BTU - news) , Japan (NYSE: MCO...
Winter likely to worsen
It’s like Déjà vu all over again for Mongolia’s herders
The National Emergency Management Agency (NEMA) and National Agency for Meteorology,Hydrology and Environment Monitoring say that the wintering situation in 88 soums of 15 aimags may worsen. As of December...
Japanese Companies To Bid For Mongolia Tavan Tolgoi Mine Development
TOKYO, Dec 27, 2010 (Dow Jones Commodities News via Comtex) --
A consortium of four Japanese trading houses plans to bid for partial development of Mongolia's coal deposits of more than 6 billion metric tons, spokesmen of three of the four companies said Monday.
The consortium of Itochu Corp. (8001.TO), Sumitomo Corp. (8053.TO), Sojitz Corp. (2768.TO)...
China imports 14.52 Million Tonnes of Coal from Mongolia
China imported a total of 14.52 million tonnes of coal from Mongolia in the first eleven months this year, growing 109% year on year, as per the Administration of Inner Mongolia Coal Industry.
During the Jan-Nov period, the imports via Ceke and Ganqimaodu border crossing reached 7.56 million tonnes and 6.80 million tonnes, growing 1.33 and 1.43 times...
Korea to Make Joint Bid with Japanese and Russian Firms for Mongolia Coal Mine
Firms from Korea, Japan and Russia will reportedly make a joint bid in January for the rights to develop a large coal mine in Mongolia.
According to the Japanese daily Nihon Keizai Simbun, the firms include Korea Resources Corporation, Japan's Itochu Corporation, Sumitomo Corporation along with two trading firms as well as Russia's state-owned rail...
Nippon Steel ‘Interested’ in Mongolian, Russian Coal
Nippon Steel Corp., Japan’s biggest mill, is interested in investing in coal projects in Mongolia and Russia to secure raw material supplies, an executive said.
“There is plenty of high-quality coal at Elga and Tavan Tolgoi” deposits, said Shinichi Taniguchi, executive vice president of the Tokyo-based company. “We’re interested” in taking stakes...
Japan, S Korea, Russia eye Mongolia coal mine - Nikkei
Dec 25 (Reuters) - Itochu Corp (8001.T), Sumitomo Corp (8053.T) and two Japanese trading firms will jointly bid for rights to a large Mongolian coal mine, along with a South Korean consortium and a state-owned Russian company, the Nikkei business daily said.
The Tavan Tolgoi mine in southeast Mongolia is said to host untapped deposits of more than...
Livestock number down by 27.7 percent in Mongolia
ULAN BATOR, Dec. 24, 2010 (Xinhua News Agency) -- Official statistics showed Friday the total number of livestock in Mongolia this year is 31.8 million, down 27.7 percent from 2009.
According to the annual livestock census report of Mongolia's National Statistical Office, Mongolia now has 1.8 million horses, 2.1 million heads of cattle, 265,000 camels,...
Mongolian president appeals to stay away from vodka during new year period
ULAN BATOR, Dec. 24 (Xinhua) -- Mongolian President Elbegdorj Tsakhia Friday appealed to the Mongolian public to give up drinking vodka when attending a new year ceremony.
"I will not allow vodka in my cup and I'm also asking you not to allow vodka in your cup from now on," Elbegdorj said.
"Drinking has become the most difficult challenge to Mongolian...
Mongolian music: Mandah naran (The Rising Sun)-Mongolian folk song
This is a beautiful Mongolian Folk song about LOVE. It is called Mandah naran or Rising sun. Here is the video and lyric of the song.
In Mongolian
Мандаж гардаг наран шингэнэ
Манантайгаа хоёулаа даа хөө
Мартагдашгүй гурван жил болсон болов чиг
Мансуурах нойрондоо хоёулаа даа хөө
Ургаж гардаг наран шингэлээ
Уулын цаагуур орох нь дээ хөө
Уулзахгүй...
In Mongolia, two Westerners learn what selfless giving is all about
Several years ago, my wife and I rode the trans-Mongolian Express to Ulan Bator, and then hitched a 17-hour tooth-shattering ride to the outpost of Moron. Perched near the Russian border – where the mountains, larch forests and clear lakes of Siberia collide with the central Asian grasslands – the city was a maze of dusty streets, high wooden fences,...
China, Mongolia pledge to enhance military ties
Chinese National Defense Minister Liang Guanglie and Tserendejid Byambajav, the visiting chief of general staff of the Mongolian armed forces, met in Beijing Tuesday and pledged to enhance bilateral military cooperation.
Liang highlighted the recent developments of the bilateral cooperation between the two economies, hailing the continuous growth...
ADB, Japan Help Mongolia Improve Financial Services, Education For Poor
A $2.5 million grant from the Asian Development Bank (ADB) will help Mongolia overhaul its savings and credit cooperative market and provide basic financial education nationwide, particularly for poor households.
The grant is from Japan's Special Fund, financed by the Government of Japan and administered by ADB. The Financial Regulatory Commission...
Developing Mongolian coaches
Participants of the coaching clinic in Erdenet pose for a group photo.
Providing help in Asia, the IIHF held a clinic in Erdenet
ERDENET, Mongolia – At the beginning of December, the first international coaching clinic was held in Mongolia. After arriving...
GOLDMAN PRIZEWINNER SHOOTS UP FOREIGN MINING FIRMS IN MONGOLIA
WESTERN DECEPTIONS AND THE EXTINCTION OF THE NOMADS
keith harmon snow *
Predatory capitalism has invaded Mongolia -- the savage western hordes overrunning the land -- and but for the recent Hollywood movie spectacle Mongol [1] and colorful travel magazine articles...
