RIO DE JANEIRO -(Dow Jones)- Mongolia's government has whittled down the number of companies in the running to gain rights to the country's giant Tavan Tolgoi metallurgical coal deposit and is attempting to persuade those bidders to work together to develop the mine, coal industry sources said Wednesday.
"Of the six original bidders, they're now down...
The Luxury Frontier
By MAUREEN ORTH
What happens when a country previously hindered by vastness and foreign rule awakens to wealth on its doorstep? With Louis Vuitton on one corner and one of the world's largest gold deposits down the road, the previously nomadic society of Mongolia is putting down some rich roots.
There he stands alone on his horse, a fierce giant...
Mongolia coal exports to hit 25 mln T this year -official
* Total exports seen reaching 50 mln T by 2015* Infrastructure costs seen at minimum $3.5 billion -official (Adds production forecasts, details) By Fayen Wong ULAN BATOR, June 21 (Reuters) - Mongolia's coal exports are expected to keep posting exponential gains and reach some 50 million tonnes by 2015, a government official said on Tuesday, though...
Mongolia, China upgrade ties to strategic partnership
Mongolia and China have decided to upgrade their bilateral ties from a good-neighbor partnership of mutual trust to a strategic partnership, according to a joint statement from the two nations.“To further advance the good-neighbor friendship and mutually-beneficial cooperation between China and Mongolia, the two sides have decided to upgrade the strategic...
Mongolia passes law on right to information
The Mongolian parliament has passed a right to information law after a five-year debate, local media reported Friday.
According to the resolution, any citizen or legal body has the right to seek information from government organizations. Those operating on money from the government budget also have an obligation to reveal information to the public.
The...
B. Gangaamaa’s perilous climb up Mt. Everest
In 2005, the first Mongolian in history stood on the top of Mount Everest. The second conquest occurred six years later by a female climber, B. Gangaamaa. B. Gangaamaa first attempted to climb the Everest in 2007 as a member of a team led by Mongolia’s honored...
China, mineral-rich Mongolia ink partnership deal
China and Mongolia have signed a strategic partnership deal while Beijing has agreed to provide a $500 million loan to the landlocked but mineral-rich central Asian country.
Chinese Premier Wen Jiabao met Thursday with Mongolian Prime Minister Sukhbataar Batbold in Beijing. They signed the partnership agreement and oversaw the signing of eight other...
China pledges aid to Mongolia
Chinese Prime Minister Wen Jiabao (right) and Mongolian Prime Minister Sukhbaatar Batbold (left) drink a toast during a signing ceremony at the Great Hall of the People in Beijing. China pledged to help resource-rich Mongolia develop its economy, offering...
Mining Mongolia: Ivanhoe, T-shirts, NGOs, and Wikileaks
In 2005, Robert Friedland, chairman of the Vancouver-based Ivanhoe Mines Ltd., famously regaled potential investors in Florida with his Mongolian mega-project, the “cash machine we really intend to build,” – a massive copper-gold and coal project in the...
In Mongolia, lessons for Obama from Genghis Khan
Misha Japaridze/AP - Mongolian President Tsakhia Elbegdorj, right, reviews an honor guard upon his arrival during a welcoming ceremony at Sheremetyevo airport, in Moscow, Russia, May 30, 2011.
ULAANBAATAR, Mongolia — As the leader of a diminished...
Elbegdorj, Obama hail shared common interests
US President Barack Obama speaks with Tsakhia Elbegdorj (L), President of Mongolia, during their meeting at the Oval Office of the White House in Washington, DC. Mongolia promised to give US companies a role in its booming energy sector as Obama reached ...
Mongolia’s prime minister says development of giant copper-gold mine, coal mine on track
HONG KONG — Mongolia’s prime minister says a huge copper and gold mining complex in southern Mongolia is on track to be completed next year.
Sukhbataar Batbold also said Tuesday the government is aiming to choose a bidder for the giant Tavan Tolgoi coal mine this year
Canada’s Ivanhoe Mines and Anglo-Australian Rio Tinto are jointly developing the...
President Ts.Elbegdorj concludes Russia visit
Kalmykia aspires to preserve the language and culture of Mongolia
Mongolian President received in Kalmykia On June 1, President Ts. Elbegdorj’s official visit to the Russian Federation continued in the historic city of Saint Petersburg. The President travelled...
Modifications to Mongolia-OT Agreement ratified
Mining executives and Ministers signing the contract modification
As the Oyu Tolgoi Investment Agreement and Shareholders’ Agreement came into force on March 31, 2010, the Mongolian side became owner of 34 percent of Oyu Tolgoi Company’s shares. During the period...
Rio Tinto makes $100 million final installment-Oyu Tolgoi contract modification signed
Big money changing hands at Mongolia’s foreign ministry
Pursuant to the 2nd annex of parliamentary resolution #40 dated December 12, 2008, approving the basic principle and directive to establish an Investment Agreement to co-exploit Oyu Tolgoi copper-gold deposit,...
No exploration licenses issued in 2011
Mining operations can be detrimental to the environment
Issuance of special licenses for exploration of mineral resources has been banned until December 31, 2011. When parliament discussed a Bill at its plenary meeting on prohibiting the issuance of the special...
Wool and cashmere production supported Bonds worth Tgs300 billion issued
Greater productivity is expected in the cashmere industry
Parliament authorized government to issue bonds worth Tgs300 billion with the purpose to support national producers and increase jobs.Government first submitted a bill to parliament to issue bonds worth...
