ULAN BATOR, May 29 (Reuters) - Mongolia plans to issue a $1 billion debt offering to put its fiscal affairs back in order, it said on Thursday, as it tries to ride a wave of good will that arose from a $6 billion deal with global miner Rio Tinto (Xetra: 855018 - news) for its giant Oyu Tolgoi copper mine.
According to a statement from...
Shangri-La Hotel Comes to Ulaanbaatar, Mongolia
Shangri-La Hotels and Resorts is set to open in Mongolia’s capital city, Ulaanbaatar, on 3 June 2015.
The new Shangri-La hotel is located near Nayramdal Park and the Great Chinggis Khaan Square. It will be connected to the Shangri-La Centre, debuting in 2016, which comprises apartments, retail stores and commercial space.
The 290 guestrooms of Shangri-La...
Mongolia expects integrating own dev. plan with regional initiatives
ULAN BATOR, May 26 (Xinhua) -- Mongolia hopes to dovetail its ambitious Steppe Road plan with such regional undertakings as the China-proposed Belt and Road initiatives, said a senior official.
The Steppe Road, an infrastructure construction proposal aimed at boosting the Mongolian economy through trans-border transportation, is not a one-country...
OT LLC CEO Andrew Woodley: Oyu Tolgoi will start exploration at high grade zone this week
By Ch.KHALIUN
Mongolian Mining Journal spoke with the president and executive director of Oyu Tolgoi LLC, Andrew Woodley, regarding current issues at the company.
I guess the media must be asking a lot about the underground mine. But I want to know about the...
'Time is ripe' for S'pore investors to step into Mongolia
APIP chief executive Lee Cashell says firms and investors should take advantage of opportunities in Mongolia - See more at: http://business.asiaone.com/news/time-ripe-spore-investors-step-mongolia#sthash.qQbA08M3.dpuf
IN THE last three weeks, investments...
Troublesome times for the Mongolian economy
In early October of 2014, the Mongolian coalition democratic government, because of its policy known as the “Reform Government” at the initiative of Prime Minister Norovyn Altankhuyag proposed a reform of the government by reducing the number of ministries from...
Rio Tinto to Raise Up to $6 Billion for Mongolian Mine Expansion
Rio Tinto Group will seek to raise as much as $6 billion of external funding for the Oyu Tolgoi underground mine in Mongolia as the company prepares a war chest to develop one of the world’s largest untapped deposits of copper and gold.
The money will be raised through third-party project financing, product off-take arrangements and other forms of...
Mongolia to be transformed by giant Rio Tinto copper mine
Land of Genghis Khan to become global copper superpower after mega deal to build giant underground Oyu Tolgoi mine
By Andrew Critchlow, Commodities editor
On the face of it, Mongolia – a landlocked and wild land – hasn’t changed much since Genghis Khan and his Golden Horde pillaged their way across Asia in the 13th century....
Mongolia and cancer
Health Talk
I’m passing on some interesting information – food for thought – that I received by email this month.
At the last health talk I covered some traditional diets of our healthy ancestors and how they had an extremely rare incidence of cancer as compared to our modern diet. These cultures are now gone.
There still exists today a country...
Full text of PM Modi’s speech in Mongolian Parliament (VIDEO)
Here is the full text of the Remarks made by Indian Prime Minister Narendra Modi in the Mongolian Parliament.
Your Excellency President of Mongolia,
Your Excellency Chairman of Great Hural of Mongolia,
Your Excellency Prime Minister of Mongolia,
Honourable...
