Khan Bank, Mongolian commercial bank with largest network announces appointment of new CEO

Khan Bank is pleased to announce the appointment of John Bell as new Chief Executive Officer with an effective date of April 1, 2016. John Bell succeeds Norihiko Kato, who has been the CEO of Khan Bank since 2011.   Mr. Bell joined Khan Bank as the...

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The Uranium Shakedown: How Mongolia and Russia Conspired Against Western Investors (Part 3)

n the final part of our probe into the curious case of Khan Resources, and the reallocation of its uranium mine to Russian control, we review events leading to the seizure of the company’s Mongolian assets and its chairman’s unusual death in an Ulaanbaatar hotel. In April 2015, a 59-year-old Canadian named James Doak travelled to Ulaanbaatar...

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Mongolian gov't mulls solutions to revive flagging economy

ULAN BATOR, March 30 (Xinhua) -- The Mongolian government addressed potential solutions to reviving the country's tattered economy during the Mongolia Economic Forum 2016 held Wednesday. In his opening speech, Mongolian Prime Minister Chimed Saikhanbileg blamed populist lawmakers and politicians who often called to review foreign investment agreements...

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Thousands rally in Mongolia over foreign mining concessions

ULAANBAATAR, Mongolia (AP) — A rare public protest in Mongolia's capital on Wednesday drew thousands of demonstrators who criticized foreign mining concessions and demanded action to prop up the tottering economy. More than 2,000 demonstrators in Ulaanbaatar's Freedom Square also called for parliament to be dissolved and a new government formed over...

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The Uranium Shakedown: How Mongolia and Russia Conspired Against Western Investors Part 2

In the second installment of the curious case of Khan Resources, Phillip Hynes and Mark Burke document a deal with Russia’s leadership to swap Khan’s uranium mines for hundreds of millions of dollars in aid and debt forgiveness. Even before Mongolia awarded itself the right to Khan’s uranium deposits, the writing was on the wall. Speculation was...

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China, Mongolia vow to enhance party-to-party exchanges

BEIJING, March 29, 2016 (Xinhua) -- Liu Yunshan (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, meets with a Mongolian delegation led by Miyegombo Enkhbold, chairman of the Mongolian People's...

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The Uranium Shakedown: How Mongolia and Russia Conspired Against Western Investors

The curious case of Khan Resources exposes how Mongolia seized uranium mine deposits from their Canadian legal owner and transferred them to Russian government control. And with elections imminent, the Mongolian government is now trying to clean up the mess. (Part One of a Three Part Series) By Phil Hynes Mongolia is racing against time to make...

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Mongolia's Third Neighbor Policy Blooms

“2015 marked increasing diplomatic engagement for Mongolia in East Asia, the Persian Gulf, and even the Americas.” While Mongolia is located in the northeast region of East Asia, its “third neighbor” foreign policy is poised to allow Ulaanbaatar to boost bilateral and multilateral diplomatic relations with countries around the world. Land-locked...

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Mongolia’s nomads struggle to survive as starvation decimates livestock herds

By Sanna Ra, Finnish Red Cross  Baatar Dambasuren, 51, chops firewood in front of his Ger. It’s warm and cosy inside the traditional nomadic dwelling as he throws more chipped wood into a stove. This winter his family has been using more fuel in the stove...

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Mongolian student studying to become a Buddhist monk commits suicide in India

A Mongolian student hung himself inside the toilet of a hostel at the Tibetan Camp II in Mundagod town of Uttara Kannada district on Thursday night. Mundagod Police Inspector S. C. Patil said the deceased was Byambatsogt (19), son of Uranchmeg, a resident of Mongolia. He was staying at Mundagod Tibetal camp for the last four years to study Buddhism....

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