ULAN BATOR, Jan. 30 (Xinhua) -- Three ex-employees from Canadian miner SouthGobi Resources Ltd. were found guilty of tax evasion by a Mongolian court on Friday after three days of court trial which wrapped up a three-year high-profile investigation.
U.S. national Justin Kapla, who was the president and executive director of a subsidiary company of...
Mongolia jails American, two Philippine citizens in tax evasion case
(Reuters) - Resource-rich Mongolia on Friday jailed an American and two Filipinos for more than five years after finding them guilty of tax evasion, ending a three-year case that deterred investors.
Perceived resource nationalism in Mongolia, fed by suspicion at foreigners taking control of some of the world's largest coal and copper deposits, has...
US Embassy statement concerning trial of US citizen Justin Kapla, a mining executive
ublic Affairs SectionU.S. Embassy in Ulaanbaatar
pao@usembassy.mn 7007-6001
FOR IMMEDIATE RELEASE
Press Release
On January 30, 2015, a Mongolian panel of judges convicted U.S. citizen Justin Kapla of tax evasion charges. Several Embassy officials attended the trial, including Ambassador Piper Campbell, and noted that...
Mongolia Finds SouthGobi Employees Guilty of Tax Evasion
Bloomberg) -- Canadian miner SouthGobi Resources Ltd. and three ex-employees were found guilty of tax evasion by a Mongolian court, ending a near three-year investigation scrutinized for its impact on foreign investment and the nation’s treatment of overseas nationals.
U.S. citizen Justin Kapla and two Philippine nationals, Hilarion Cajucom Jr and...
Rio’s Mongolian wrangle prefigures bigger fight over smaller spoils
Jonathan Guthrie
PM Chimed’s idea of a referendum on mineral resources by text message will exasperate mining group
M
ongolians do not always do what foreigners think they should. The warriors of Genghis Khan pinged arrows from a distance at adversaries who had pencilled “pitched battle” into their day planners. This was unsporting but effective....
Mongolia: 200-Year-Old Mummy Of Buddhist Monk Found Sitting In Lotus Position
This 200-year-old Buddhist monk is believed to be the teacher of Lama Dashi-Dorzo Itigilov, whose own life-like body was found in 2002. (Photo : Twitter )
A 200-year-old mummy was discovered sitting in a lotus position in Mongolia on Tuesday, local reports...
Mongolia Holdings, Inc. and XacBank of Mongolia Announce Financing for Equipment Fleet Purchases
Mongolia Holdings, Inc. (OTCQB: "MNHD") is pleased to announce that, through its wholly owned Mongolian subsidiaries HERC, LLC & Equipment Rental, LLC, it has entered into a loan agreement with XacBank for a $10 million equipment financing transaction for its Hertz Equipment Rental franchise operations in Mongolia. This...
Chinese Police Detain Protesters Outside Regional People's Congresses
Herders demand the return of their grazing lands in Hohhot, Inner Mongolia, Jan. 26, 2015.
(Photo courtesy of SMHRIC)
Chinese authorities on Tuesday detained dozens of people after hundreds gathered outside regional and provincial parliaments...
Mongolian Shepherd Hanged Himself to Protest Land Seizures by Chinese Authorities
People from the Mongolian minority protesting in China - SMHRIC
A shepherd of the Mongolian ethnic minority hanged himself at the gate of a government building in China, protesting against land seizures made by the authorities, announced Tuesday a group...
Designation by Mongolian Parliament Paves Way for Gatsuurt Development
Centerra Gold announced that its Gatsuurt project, which is located 35 km from its Boroo mine in Mongolia, has been designated as a mineral deposit of strategic importance by the Mongolian Parliament. This designation allows the project to move forward within the application of the Water and Forest Law and also allows Mongolia to acquire up to...
Mongolia’s Bonds Slump With Copper as Spat With Rio Stalls Mine
Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group (RIO) over developing one of the world’s largest copper and gold mines kept foreign investors away.
The yield on sovereign notes due January 2018 surged 190 basis points, or 1.90 percentage points, since...
Czech, Mongolian students come to Sleepy Eye
Czech, Mongolian students come to Sleepy Eye
Want to experience life in America and improve English skills
January 26, 2015
By Fritz Busch - Staff Writer , The Journal
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SLEEPY...
Russia’s borders: Mongolia looks to its old Big Brother to counterbalance China
Vladimir Putin with Mongolia president Tsakhiagiin Elbegdorj in Ulaanbaataar in 2014. EPA
This latest part of our series on Russia’s relations with its neighbours focuses on the huge empty land of Mongolia, Moscow’s original Soviet satellite state in the...
