Mongolia makes the most of the middle position

Author: Anthony Rinna, Sino-NK On 14 April 2016 the foreign ministers of Mongolia and Russia signed what they termed a Medium-term Strategic Partnership Development Program in Ulaanbaatar. Plans to establish a strategic partnership between Mongolia...

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Shell leaves Petro Matad on its own in Mongolia

Petro Matad revealed it had lost its partner in the Block IV and V production sharing contracts in west and central Mongolia on Friday. The AIM-traded company said that, on 28 April,Shell - through its affiliate company - issued an exit notice to Petro Matad’s 100% owned subsidiary Central Asian Petroleum Corporation, exercising its...

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Mongolian media delegate visits Yonhap to promote cooperation

By Chung Joo-won SEOUL, April 29 (Yonhap) -- South Korea's No. 1 newswire Yonhap News Agency and top representatives from Mongolia's media agreed Friday to enhance media content for global readers by strengthing cooperative ties. A Mongolian delegation of 10,...

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Receivers and managers of shares in Mongolian Coal Corporation Limited appointed

On 26 April 2016, pursuant to a Share Charge dated 29 March 2012, the Shared Security Agent acting on the instructions of BNP Paribas and Industrial and Commercial Bank of China appointed Rod Sutton, John Batchelor and Kenneth Fung, Senior Managing Directors of FTI Consulting, as Receivers and Managers of all of the shares in Mongolian Coal Corporation...

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Cops nab 7 Mongolian shoplifters in Macau, 7 more on the run

"Macau Post Daily" run a story about police arrest of seven suspects from Mongolia suspected for shoplifting in Macau.  According to the story the police arrested seven suspects from the Republic of Mongolia on Tuesday for their involvement in a number...

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Rio set to OK $US4bn Oyu Tolgoi expansion

Matt Chambers Resources reporter Melbourne Rio Tinto appears set to approve the long-awaited $US4 billion ($5.25bn) expansion of the Oyu Tolgoi copper and gold mine in Mongolia as early as next week, in a move analysts say could add $US4.7bn of value to the company and pave the way for further expansion. The miner, whose copper boss Jean-Sebastien...

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Mongolia’s Opposition Parties Fail to Reach Consensus as June Elections Draw Near

The Mongolian People’s Revolutionary Party (MPRP) and the Mongolian People’s Party (MPP) severed a political alliance as negotiations over seating arrangements fell through, according to Channel NewsAsia. MPP aims to unite against incumbent Mongolian Democratic Party (MDP), as Prime Minister Chimed Saikhanbileg struggles to jumpstart an economy...

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Mongolia is so much more than a bucket-list destination

By Andrew Sessa April 26, 2016 | 6:45am Mongolians call their country “munkh khukh tengeriin oron” — “land of the eternal blue sky” — and driving across the Gobi desert, deep in the nation’s south, it’s easy to see why. A ceiling of nearly...

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SouthGobi Shares Fall 10% After Update on Turquoise Hill Shareholder Loan (TSE:SGQ)

SouthGobi Resources Ltd. (SGQ.TO) shares are lower after the company has released an update on the shareholder loan due to Turquoise Hill Resources Ltd. On October 27, 2015, the Company and Turquoise Hill entered into a deferral agreement, in which Turquoise Hill agreed to defer the repayment of the shareholder loan to April 22, 2016. The Company...

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Can Mongolia be saved from low commodity prices?

By Jeremy Luedi, Global Risk Insights   Having capitalized on the global commodity boom, and its proximity to a ravenous China, Mongolia has until recently seen rapid economic growth. As Chinese growth forecasts in the coming years sink towards the mid-single-digit...

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Smoking is fun: Communist Mongolian cigarette advertisement

How Communist Mongolia or rather Soviet Union promoted smoking in Mongolia RBTH or Russia Beyond the Headline published a story about how smoking was widely promoted in USSR.  The story featured several advertisements of cigarettes produced in Soviet...

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Mongolia opposition party pact fails ahead of June election

An electoral pact between the two main opposition parties in Mongolia collapsed this week, weakening the odds of victory for the Mongolian People's Party (MPP), which oversaw the world's highest economic growth five years ago, in crucial polls set to take place in June. The ruling Mongolian Democratic Party was expected to come under intense pressure...

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India, Mongolia should take ties to next level: Mahajan

India and Mongolia "share common values and understanding" on a range of issues, and the "warm relationship" of the two nations needs to be strengthened further, Lok Sabha Speaker Sumitra Mahajan said here on Wednesday. Mahajan, who is leading an Indian parliamentary delegation to Mongolia, said the ties between India and Mongolia...

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Strong India-Mongolia ties need trade boost: Mahajan

Ulan-Bator, Apr 20 (PTI) Strong political relations between India and Mongolia must be complemented by robust ties of trade, economy and investment, Lok Sabha Speaker Sumitra Mahajan said today. Mahajan, leading an Indian Parliamentary delegation here to attend a meeting of the Asia-Europe Parliamentary Partnership (ASEP), also appealed to the top...

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How Russian Blue Jeans Created a Diplomatic Incident in Mongolia

Russia’s Foreign Minister Sergey Lavrov insulted his hosts by wearing blue jeans to a red carpet welcome. By Sergey Radchenko Russian Foreign Ministry Long-haul flights are a degrading experience. We’ve all been among the stooping, unshaven,...

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