Mongolian PM touts Rio Tinto gold, copper mine

‘BACK FOR BUSINESS’:After resolving a dispute with Rio Tinto which saw foreign investment in Mongolia fall 74 percent, the PM traveled to the US to spur investment Reuters Mongolian Prime Minister Chimed Saikhanbileg speaks to reporters in New York,...

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‘Rio Tinto to invest in Mongolia mine’

New York - Mining firm Rio Tinto has pledged to invest at least $250 million (R3 billion) to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said on Friday. The...

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What’s behind the Mongolians’ hostility toward mainlanders

A recent attack on Chinese tourists in Mongolia has caused a diplomatic ruckus. The Chinese consulate in Mongolia complained to the government in Ulan Bator which later apologized, but the Chinese media accused Mongolia of being insincere. To understand how Mongolians regard China, it’s important to consider the subject in the context of international...

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New World Bank Report Looks at How to Bring On-site Sanitation to Ger Areas of Ulaanbaatar

The FINANCIAL -- Representatives from municipality, districts and government ministries, as well as CSOs and development organizations gathered today to participate in a Roundtable discussion on improving sanitation in Ulaanbaatar city’s ger areas. The roundtable was organized by the Capital City Governor’s Office and the World Bank around a World...

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Mongolia’s Ministry of Finance and World Bank sign credit agreements

The FINANCIAL -- Minister of Finance J. Erdenebat and World Bank Country Manager James Anderson signed on June 18 credit agreements totaling  US$63 million for three new projects: the Education Quality Reform Project, the E-Health Project and the SMART Government Project . “The World Bank and the Government of Mongolia have partnered for...

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Police identified Mongolian woman assailants

SHAH ALAM: Police have identified suspects involved in the shooting of a Mongolian woman at Bandar Utama in Petaling Jaya yesterday. Selangor police chief Datuk Abdul Samah Mat said the police also have new leads which will help them solve the case. "We already have leads on those believed to be involved. We believe that with the leads we have, we...

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Mongolian woman shot in revenge spat

The Mongolian woman was shot four times by a motorcyclist when she was driving in Bandar Utama, Damansara yesterday evening KUALA LUMPUR: A Mongolian woman was seriously injured after she was shot four times by one of two men on a motorcycle. The...

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Khan Resources Takes $104 Million Mongolia Dispute to U.S. Court

Khan Resources Inc., the Canadian mining company claiming $104 million from Mongolia for lost licenses, petitioned a U.S. court to weigh in on the protracted dispute. Khan on June 12 asked the U.S. District Court in the District of Columbia to endorse a compensation package that international arbitrators ruled was owed the company in March. “The...

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My life as a contortionist

I was 11, maybe 12 years old, when I first realised I could be a contortionist. I grew up in Ulan Bator, the biggest city in Mongolia. In Mongolia, over the last 40 years, many more girls want to become contortionists, like girls over here go to gymnastics...

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Heavyweight hopes for Mongolia's would-be sumo stars

ULAN BATOR - The slapping sound of colliding flesh reverberates through a basement in Mongolia's capital, as Tsogt-Erdeniin Mendsaikhan hones fighting skills in pursuit of his dream -- sumo wrestling in Japan. Teenage sumo wrestler Tsogt-Erdeniin Mendsaikhan...

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Sandwiched Mongolia looks beyond its two gigantic neighbours

Mongolia’s unavoidable environment — surrounded by two big civilisations, with fast-growing markets and nuclear powers — created challenges and opportunities. The Western economic sanctions followed by the Tiananmen incident in 1989 led to the establishment of a strategic partnership between Russia and China; and a new regional organisation, the...

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Petro Matad receives government's approval for farm-out in Mongolia

Petro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia. The firm still requires with one further condition to be satisfied by BG Group, after which it will release an operational update on its preparations to start...

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Stalin's secret railway for war against Japan confirmed in Mongolia

By YASUJI NAGAI/ Senior Staff Writer A secret railway in eastern Mongolia and a confidential order by Josef Stalin show that the Soviet Union was preparing for war against Japan in 1942, three years before the actual war started, researchers said. A joint team of Japanese and Mongolian researchers recently confirmed the existence of the military...

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ILO calls on Mongolia to protect North Korean workers

By Kim Hyo-jin The International Labor Organization (ILO) has urged the Mongolian government to improve substandard working conditions for North Korean laborers at local workplaces, according to the Voice of America, Wednesday."North Korean workers at Monglian small-sized textile factories and construction sites are involved in forced labor under...

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Mongolian President Tsakhiagiin Elbegdorj visits European Parliament

“Mongolia will be a strategic anchor for the EU in the east,” Mongolian President Tsakhiagiin Elbegdorj said, addressing MEP’s during the plenary session in Strasbourg on Tuesday 9 June. It is Elbegdorj’s first visit to the Parliament since being elected...

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Khan Resources v The Government of Mongolia: how to assess compensation for expropriation

Berwin Leighton Paisner LLP United Kingdom June 4 2015 Over the last few years, there has been an increase in arbitration cases in the resources sector arising from the direct expropriation of property and assets into state ownership...

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Mongolia hopes for a phase of economic stability

By Lee Cashell, Asia Pacific Investment Partners Mongolia’s economy had a bruising year in 2014 with barely a week passing without the currency hitting a new low against the US dollar and foreign investment dropping by a precipitous 74 per cent year-on-year....

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