Mr Batbold Sukhbaatar PM of Mongolia has announced plans to initiate national uranium exploration by the year of 2012, part of an ambitious series of projects in Mongolia along with the Oyu Tolgoi and Tavan Tolgoi developments. Extraction of uranium is projected to start from 2013 or 2014.
The announcement stated that 107 prospecting licenses were...
Mongolian spy chief appeals British extradition ruling
LONDON — A top Mongolian security official has lodged an appeal against a ruling by a British judge last week that he can be extradited to Germany on an arrest warrant for kidnapping, his lawyer said Friday.
Bat Khurts, a key figure in Mongolia's National Security Council, was detained as he flew into London's Heathrow airport on September 17, for...
Spy chief loses extradition appeal
A Mongolian spy chief has lodged an appeal after a judge ruled he could be sent to Germany to face charges of kidnap and false imprisonment.
Bat Khurts, 41, is alleged to have been involved in the abduction of Mongolian national Enkhbat Damiran, who was wanted in connection with the murder of a government official.
Last week, District Judge Quentin...
Mongolia: the next EM superstar?
Forget China. The fastest growing country over the next 20 years will be its diminutive central Asian neighbour Mongolia, according to a report released by Citigroup this week.
The report, written by economists Willem Buiter and Ebrahim Bahbari, predicts that the Mongolian economy will expand 8.7 per cent annually (in purchasing power parity terms)...
Mongolia Picks Four Banks for Coal IPO
By ALISON TUDOR
HONG KONG—Mongolia has chosen four banks to manage the multibillion-dollar initial public offering of the world's largest coking coal deposit, people familiar with the matter said.
Goldman Sachs Group Inc., Deutsche Bank AG, BNP Paribas SA and Macquarie Group Ltd. won the battle among bankers to handle the IPO of state-owned Erdenes-Tavan...
GTSO Pursues Rare Earth Transport Agreement with Russian Railways
Green Technology Solutions, Inc. (OTCBB: GTSO) announced today that the company has approached freight services provider Russian Railways regarding the transport of rare earth ore from Mongolia to the international seaport of Vladivostok, Russia.
GTSO and Rare Earth Exporters of Mongolia announced the formation of a joint venture earlier this month...
Mongolian PM moves to reassure investors
Mongolia's Prime Minister has moved to reassure investors that his government is committed to a stable and predictable investment environment.
Prime Minister Sukhbaataryn Batbold is visiting Australia, courting business and official know-how to develop the country's vast mineral wealth.
Mongolia's recent cancellation of some gold licences and a stoush...
Mongolia shortlists 4 banks for massive coal IPO
* Four banks shortlisted for Tavan Tolgoi IPO
By David Stanway
ULAN BATOR, Feb 24 (Reuters) - Mongolia has shortlisted BNP Paribas , Deutsche Bank , Goldman Sachs and Macquarie Group to manage the initial public offering (IPO) of Erdenes-Tavan Tolgoi, the world's largest untapped coking coal deposit.
The IPO, which will be Mongolia's biggest,...
Mongolian civic groups demand immediate release of official detained in UK
Mongolian civic groups held protest demonstration outside British Embassy in Ulanbator yesterday afternoon, demanding immediate release of Khurts Bat, Mongolian official detained in UK since September 2010. Bat-Yalalt, head of “Fair Court of Citizens” a civic group handed the demand to British embassy . Bat-Yalalt said “ we demand that Britain...
Bankers pitch for Mongolian dollar bond
A debut Mongolian sovereign bond is back on the agenda as the country looks to raise funds for capital investment projects.
By Denise Wee
Senior bank officials have been feverishly pitching for Mongolia's inaugural dollar bond issue in recent weeks. As bankers have visited Ulan Bator, the capital city of Mongolia, to pitch for the IPO of state-owned...
Khan Resources Says Govt. Of Mongolia Appoints Arbitrator For Intl. Arbitration
(RTTNews) - Khan Resources Inc. (KRI.TO: News ) said that the Government of Mongolia appointed its arbitrator for the international arbitration proceeding commenced in January, 2011. The two appointed arbitrators would now select a third arbitrator to preside over the arbitration tribunal. The procedure is expected to take upwards of 30 to 45 days.
As...
Gemcom Announces Office Opening in Mongolia to Support Industry Expansion in Mining and Exploration
New Ulaanbaatar Office Brings Expanded Availability of Industry-Leading Software, Global Industry Experience to Support Growing Market
PERTH, AUSTRALIA and ULAANBAATAR, MONGOLIA--(Marketwire - 02/21/11) - Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that it will open an office in Ulaanbaatar,...
Fists fly in fight to mine Mongolia
By Leo Lewis
MONGOLIA is poised to name the banks that will underwrite the flotation of the world's largest untapped seam of coking coal - and the proposed listing has launched rival financiers on a sub-zero, testosterone-charged scramble for the wealth of Ulan Bator.
The process has included an ego-fuelled brawl in an Irish-themed bar in, of all...
Mongolia gears up for mining bonanza
By John Garnaut
The potential is huge, writes John Garnaut in Tavan Tolgoi.
Days after the Rio Tinto executive, Stern Hu, was arrested in Shanghai, the company's chief executive, Tom Albanese, was driven in a small convoy of LandCruisers through drizzling rain to the heart of Mongolia's annual Naadam festival.
Hundreds of seven- and eight year-old...
TNK-BP and the Mongolian Oil Agency sign Memorandum of Understanding
The FINANCIAL -- TNK-BP and the Mongolian Government Oil Agency have on February 18 signed a memorandum of understanding concerning the delivery of Russian oil products to Mongolia.
The Document was signed by Jonathan Kollek, the TNK-BP Vice-President for sales, trading and logistics, and by Amraa Tsengemaa, deputy director of the Mongolian Oil agency.
In...
Mongolian spy chief can be extradited to Germany
A Mongolian spy chief who claimed he was tricked into coming to the UK so he could be arrested can be extradited, a court has ruled.
District Judge Quentin Purdy, at City of Westminster Magistrates' Court, ruled Bat Khurts should be sent to Germany on a European arrest warrant.
Mr Khurts, 41, is wanted for the kidnap and false imprisonment of a Mongolian...
Mongolian spy chief loses British extradition case
By Danny Kemp (AFP) –
LONDON — A British judge approved on Friday the extradition of a top Mongolian security official who claimed he was lured to Britain so he could be detained on a German arrest warrant for kidnapping.
Bat Khurts, 41, a key figure in Mongolia's National Security Council, was detained as he flew into London's Heathrow airport on...
Goatskin greets Gucci in a modernising Mongolia
John Garnaut, Ulan Bato
WEATHERED old folk in goatskin gowns and young couples wearing designer sunglasses are squeezing into Gandan monastery in Ulan Bator, the capital of Mongolia, to lay money at the feet of a small and ornate statue of Buddha.
The room has the same yak butter smell as monasteries in the Tibetan capital, Lhasa, but the scene is...
IMF warns Mongolia about high inflation rate
Mongolia— Preliminary Conclusions of the 2011 Article IV Mission
February 17, 2011
The 2011 Article IV consultation discussions took place against the backdrop of a strong economic recovery in Mongolia and signs that the economy is overheating. Inflation is already too high and the large increase in fiscal spending underway will make matters worse....
Fortescue puts Mongolian coal on the menu
Fortescue Metals Group has expressed interest in acquiring the Tavan Tolgoi coal deposit in Mongolia, but insists it remains focused on iron ore.
Executive director Russell Scrimshaw says the miner is ‘‘very focused’’ on expanding its iron ore operations in Western Australia’s Pilbara region, but will also consider coal mining in Mongolia.
He said...
Mongolia hopes to launch space satellite by 2015
Mongolia hopes to launch space satellite by 2015, reported Mongolian media today. According to the report, Japanese space exploration team visited Mongolia and organized 2-day workshop at Mongolian Ministry of Foreign Affairs and Trade.
Representatives of Mongolian government ministries and agencies such as Ministry of Education, Culture, Science,...
Mongolia may pick banks for big coal IPO by next week: sources
By Denny Thomas and Terril Yue Jones
HONG KONG/BEIJING
(Reuters) - Mongolia is expected to appoint banks by next week to manage an IPO worth up to $5 billion for the world's largest untapped coking coal deposit, sources with knowledge of the matter told Reuters.
More than 150 bankers from a dozen Wall Street, European and Asia-Pacific investment...
India hopes to set up steel plant in Mongolia
NEW DELHI: Aiming to spread its wings beyond the country's border, Steel Authority of India (SAIL) will set up a three mtpa plant in Mongolia with around Rs 15,000 crore investment, provided that Asian nation ensures linkages to raw materials to feed the proposed facility.
"Talks are on in this regard. If the Mongolian government provides us raw material...
Mongolian PM to visit S'pore
SINGAPORE: The Prime Minister of Mongolia Sukhbaatar Batbold will make an official two-day visit to Singapore from Thursday, at the invitation of Prime Minister Lee Hsien Loong.
The Ministry of Foreign Affairs said this is Mr Batbold's first visit to Singapore in his current capacity.
Besides bilateral meetings, Prime Minister Batbold will visit...
Giving Mongolians a linguistic stepping stone
by Jessica Dacey, swissinfo.chThe boxes are piled high inside Anita Fahrni’s garage in western Switzerland, a makeshift sorting centre for thousands of donated books heading to Mongolia.
Anita Fahrni travels to Mongolia once a year to interview candidates...
Mongolia's ninja miners cash in on resources
By Kitty Hamilton
ZAAMAR, Tuesday 15 February 2011 (AFP) - In the dead of winter, Chuluuntsetseg sits by the banks of the Tuul river west of the Mongolian capital Ulan Bator, pouring boiling water over rock sediment in a green plastic tub.
As her colleagues watch, she excitedly pulls a shiny speck from the water. After an hour of hauling buckets...
S. Lodoisamba: Coal gas should be introduced to ger area as soon as possible
S. Lodoisamba, Advisor and Professor of the National University of Mongolia, was interviewed on ‘Smokeless stove’ Project and other solutions that can substantially influence on reducing air pollution.
-During the recent meeting with media, the Word Bank experts said that a technology of ‘Smokeless stove’ is the most cost-effective way that can be...
Malaysian officials interviewed about Altantuya’s case
When Mongolian daily newspapers took interviews from some Malaysian officials who were attending the 19th annual meeting of Asia-Pacific Parliamentary Forum held in Ulaanbaatar, reporters asked what positions they have on Mongolian citizen Sh. Altantuya’s murder case.On January 26, Odriin Sonin Daily published an interview with Mr. Abu Zahar Ujang,...
