CALLS for justice by Mongols have shattered the calm in the resource-rich, prosperous borderland of northern China to which the leadership in Beijing has grown accustomed.
Tuesday, May 31, 2011
Monday, May 30, 2011
China’s Inner Mongolia Autonomous Region said it will take measures to improve the mining industry, part of new rules following protests by ethnic Mongolians sparked when a coal truck ran over a herdsman.
BEIJING: China's largest rare earths producer has said it has won official approval to set up the nation's first exchange for the coveted minerals, in a move analysts said would further regulate the market.
Oleg Deripaska has been losing ground to Russian rivals in Mongolia, and is facing unprecedented administrative sanctions in Ukraine and Russia.
Friday, May 27, 2011
Russian delegation participating in Mongolia-Russia Government-to- Government JV consultative meeting, or “Soviet”, had requested “Asgat” silver deposit be removed from Strategic Deposit List of Mongolia.
COAL MINERS SHOULD NOT BUILD SEPARATE ROADS FOR THEMSELVES BUT UNITE CAPITAL AND RESOURCES AND BUILD ONE ROAD, MINERS WHO DON'T CONTRIBUTE SHOULD BE EXPELLED
Government of Mongolia (GOM) stated on May 25, 2011 on coordination of productive development in Gobi by united policy
Russia, the primary supplier of fuel to Mongolia, has substantially cut fuel exports to Mongolia for the month of May.
SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions, Inc. (OTCQB: GTSO) announced today that excavation is underway in Mongolia for the company’s first shipment of rare earth ore to South Korea.
The 5th meeting of the Intergovernmental Ukrainian-Mongolian Commission for Trade-Economic and Scientific-Technical Cooperation is taking place in Ulaanbaatar, Mongolia.
May 27 (Bloomberg) -- Former Merrill Lynch & Co. banker Mike Howe is moving to New York to help bored finance workers escape Wall Street for far-flung jobs and adventures, from Mongolian venture capital to African charities.
NATO’s Deputy Assistant Secretary General for Political Affairs and Security Policy of Alliance, James Appathurai, and his delegates visited Mongolia for the first time ever at the invitation of the Mongolian Defence Minister, Luvsanvandan Bold on 26-27 May.
The NATO Deputy Assistant Secretary General for Political Affairs and Security Policy, Mr. James Appathurai, travelled to to Ulaanbaatar from 25-27 May 2011 for the first high-level talks between Mongolia and NATO.
Company Plans to Ship 15 Tons of Rare Elements from Mongolia to Seoul Soon.
Wednesday, May 25, 2011
A group of 90 Mongolians is planning to jointly sue the Czech Republic over the closed access to work visas for selected foreigners with work permit, daily Lidove noviny (LN) writes Monday, referring to Prague’s quotas on foreign workforce admission.
As the implications of Japan’s Fukushima nuclear disaster reverberate throughout the global generation sector, coal markets are bracing themselves for an upswing in prices.
May 25, 2011 - basis point - Mongolia’s state-owned Erdenes MGL LLC has chosen Standard Chartered Bank as financial adviser for its roughly US$15bn Tavan Tolgoi project, the world’s largest untapped coking coal project, a source familiar with the matter said.
The China Post news staff--China Airlines donated 350 used 15” LCD monitors to the Ulaanbaatar Trade and Economic Office in Taipei, Mongolia's representative office in Taiwan, at the inauguration ceremony yesterday of the Mongolia Culture, Education, Health and Economic Cooperation Association in Taiwan.
Global copper mine production hit speed bumps last quarter, interrupting a growth trend that the copper industry counted on to meet strong global demand and justify aggressive expansion plans.
Ivanhoe Mines: Construction of Oyu Tolgoi copper-gold-silver complex advancing toward planned start of commercial production in the first half of 2013
Overall construction of the Oyu Tolgoi Project was 15.1% complete by the end of Q1’11, slightly ahead of the planned 14.8%. Total capital invested in the project by the end of Q1’11 was $1.8 billion.
Not for distribution to U.S. newswire services or for dissemination in the United States.
Tuesday, May 24, 2011
In recent months, news outlets in Japan and the U.S. have reported that Mongolia is negotiating with those two countries to serve as a regional depository for spent nuclear fuel.
May 24 – The Far Eastern Russian city of Vladivostok is set to experience a boom as concerns over China’s aggressive slashing of mineral exports dictate the need for new supplies.
SINGAPORE, May 24, 2011 /PRNewswire-Asia/ –
— Genghis Khan Connection offers thrice-weekly rail services along one of world’s most challenging trade routes
— Genghis Khan Connection offers thrice-weekly rail services along one of world’s most challenging trade routes
The decision to employ 6949 workers from China in Oyu Tolgoi greatly upset the people of Mongolia, especially since unemployment rates have reached 40 thousand.
Green Technology Solutions, Inc. (OTCQB:GTSO) announced today that the company signed a letter of intent with Ar Erkhes, LLC, to participate in a profit arrangement for the excavation and shipping of rare earth ore from Mongolia to South Korea.
Perth-based C @ Limited (ASX: CEO) has commenced an interesting exploration program on the Mongolian coal licenses it currently has under an option agreement, and has mobilised a rig to commence drilling in South Gobi province.
Talking to a student at the University of Humanities today, it is easy to see the influence of Western styles on the Mongolian youth. Yet it is even easier to notice their pride in Mongolian culture everywhere.
The President of Mongolia, Elbegdorj Tsakhia, has received a delegation of the European Parliament led by Paolo Bartolozzi, head of the European Parliament’s Group for Central Asia and Mongolia.
The FINANCIAL -- ULAANBAATAR, 23 May 2011 – Strengthening synergies between the 56 participating States of the OSCE and its Asian Partners for Co-operation in addressing transnational threats, such as illicit drug trafficking.
Monday, May 23, 2011
Mongolia is going to be a major future supplier of commodities from coal to gold to copper-and maybe even crude oil.
A benchmark coal wash plant in the new mining hotspot of Mongolia has hit its critical ‘lights on’ date with the help of nine Australian electrical engineers.
May 23 – The Mongolian government has agreed with the government of Japan on a US$270 million soft loan, repayable over 40 years at a rate of just 0.2 percent to build a new airport to service Mongolia’s capital, Ulaanbaatar.
PERTH (miningweekly.com) − Mongolian coal developer Hunnu Coal has paid $40-million for Rio Tinto’s 70% stake in the Altai Nuurs coal joint-venture (JV) project, in the Gobi Altai province in Mongolia, the company announced on Monday.
Thursday, May 19, 2011
Underneath the endless brown steppe in the remote northeastern corner of Mongolia, known as Dornod, lies a vast store of uranium.
Export advisors have backed reforms to the Australian Trade Commission that will see the agency shift resources from Australia, North America and Europe and focus on emerging markets, as the agency seeks to beef up its international market and focus on export-ready companies.
Oil explorer Petro Matad has commenced drilling operations at the Davsan Tolgoi-5 (DT-5) exploration well in Block XX, Mongolia.
The total number of chinese construction workers currently in Mongolia could well exceed 30,000.
Green Technology Solutions (News - Alert) (GTSO) announced on May 17 that it will offer a live video feed via satellite of the beginning, transit, and delivery of its first shipment of rare earth ore from Mongolia to South Korea, a staunch U.S. strategic economic and military ally.
Monday, May 16, 2011
Public work in the city centre dispels rumours of 40K building to be destroyed. As the city of Ulaanbaatar launches a large redevelopment of the city centre area projects, the 40K area is set to keep up its price appreciation.
VANCOUVER, BRITISH COLUMBIA — Entree Gold Inc. (TSX: ETG)(NYSE Amex: EGI)(FRANKFURT: EKA) ("Entree" or the "Company") has today filed its interim operational and financial results for the first quarter ended March 31, 2011.
More than 700,000 people, many of them ex-herders and their families, now crowd the gers sprawling north of Ulan Bator.
In the 13th century, Mongol emperor Kublai Khan and his harem sported silk gowns, fur cloaks and jewel-encrusted head ornaments at their home — the legendary pleasure palace in Xanadu.
SINGAPORE - Ivanhoe Mines (TSX:IVN) reported a US$492.5 million net loss in the first quarter, primarily due to the revaluation of a derivative security as the company worked on building the huge Oyu Tolgoi copper-gold-silver complex in Mongolia.
May 12 (Reuters) - Canadian Coal miner SouthGobi Resources Ltd posted a narrower quarterly loss, helped by an increase in selling price for coal.
Mongolia’s newly created development lender is aiming to sell $700 million of domestic-currency bonds in 2011, with sales scheduled to begin this month, the bank’s chairman said.
Mongolia is a nation with extreme climatic conditions and diverse demographics. The whole of the desert country boils in the summer whereas the winter brings chilly cold conditions to the region.
Thursday, May 12, 2011
The Standing Committee on the Economy today discussed a proposal of the Government asking for MNT110 billion to support the wool and cashmere sector in Mongolia, at a time when world demand for cashmere is on the rise.
Altai Cashmere LLC, owned by Prime Minister S.Batbold, has withdrawn from Mongol Negtgel, an umbrella organization of cashmere producers, following the controversy over low-interest Government loans to companies in the sector from money raised through sale of bonds.
As Ulaanbaatar gets ready to commission its first Subway system, who will get to build it?
TORONTO - Denison Mines Corp. (TSX:DML) says it had a net loss of US$7.1 million dollars, or two-cents per share, for the first quarter.
Guildford Coal (ASX: GUF) has been granted a trading halt by the ASX pending an 'exploration results' announcement by the company.
SouthGobi Resources Ltd.(TSX:SGQ)(SEHK:1878), (the "Company" or "SouthGobi"). Russia, the primary supplier of fuel to Mongolia, has substantially cut fuel exports to Mongolia for the Month of May.
Mongolia plans to issue its first sovereign bonds this month, marking a milestone for capital markets in this resource-rich democracy.
(Reuters) - Mongolia has not been in talks about importing nuclear waste from other countries, its embassy in Vienna said, after a report that Japan and the United States planned to build a spent nuclear fuel storage facility there.
Wednesday, May 11, 2011
In the first 4 months of 2011, Mongolia traded with 107 countries, a total external trade turnover reached 2746.8 million US dollars, of which exports made up 1,162.7 million US dollars and import made up 1,584.1 million US dollars.
Last Saturday was the Day of Public Labor in Mongolia.120,000 people of province organizations and 55,000 people of Ulaanbaatar city organizations marked the day.
ULAN BATOR, May 11 (Xinhua) -- Mongolian foreign minister G.Zandanshatar and Japanese Ambassador to Mongolia Kidokoro Takuo have denied the possibility of setting up nuclear waste storage facility in Mongolia, local media reported on Wednesday.
ORONTO, ONTARIO -- (Marketwire) -- 05/10/11 -- Khan Resources Inc. (TSX: KRI) ("Khan" or "the Company") announced today that it has filed its financial statements and management's discussion and analysis for the three and six month periods ended March 31, 2011 on SEDAR and has posted these documents to its website www.khanresources.com.
The World Bank has said in its latest quarterly report that Mongolia’s economic prospects in the medium term look excellent from the perspective of both growth and fiscal management.
The FINANCIAL -- WASHINGTON DC, May 10, 2011 – Today, the World Bank ’s Board of Executive Directors approved an investment credit of US$25.0 million for the Mining Infrastructure Investment Support Project (MINIS).
May 10 (Reuters) - Coal miner SouthGobi Resources Ltd (SGQ.TO) warned on Tuesday that it is facing fuel shortages and may have to curtail operations following Russia's recent move to curb fuel exports.
Younger tyrannosaurs and similarly built species of dinosaur probably relied on speed and agility, rather than sheer power like their parents, to find their food.
Tuesday, May 10, 2011
According to the information received from the Mineral Resources Authority of Mongolia, there are 5234 mining licenses which are valid in Mongolia.
The UB POST is acting as a media sponsor for a conference called “MONGOLIA:Capital Raising & Investment” scheduled in early June of 2011.
“Fashion Asia 2011 Award Presentation Ceremony” was held in the night of April 25th 2011, in Dalian, China (Lushun) together with the International Cherry Blossom Festival.
From Mongolia, eight chess players participated in the championship and a Mongolian girl T.Monkhzul with a scores seven won the silver medal in age category-9.
Russia and other former Soviet republics marked the 66th anniversary of World War II victory over Nazi Germany on May 9th.
An official of the government’s implementing agency for physical culture and sports, Ch.Naranbaatar and other Mongolian officials participated in the Global Sports Management Summit, which took place from April 29th to May 1st, in Taipei city of Taiwan.
A Mongolian short film called “Dream” by director Ch.Khoroldorj, is to compete in the Cannes Film Festival. Never before was a Mongolian film been selected to compete in the Cannes Festival in the history Mongolian film industry.
In an otherwise moribund economy, recent years have witnessed one area of runaway growth: the creation of quirky acronyms to describe the next hotspots of emerging world development.
Researchers working in the western Gobi Desert in Mongolia have discovered the almost complete skeleton of a tyrannosaurid dinosaur that was less than 3 years old when it died, younger and smaller than any previously known.
The Mongol Bank has made a currency swap contract with the China Central Bank to support Yuan procurement.
Mongolia is a nation with rich resources, including –copper, gold, iron ore, molybdenum, oil, phosphates, tin, uranium, tungsten- and coal. Its ample mineral wealth has earned it the nickname of “Saudi Arabia of Central Asia.”
WASHINGTON—The U.S. and Japan confirmed Monday that they have held discussions with Mongolia about nuclear waste management, but both denied that they have any plans to send their spent nuclear fuel to the lightly populated Asian nation.
Monday, May 9, 2011
The Business development center has opened in Dalanzadgad soum of Omnogobi aimag. Aim of the center is to support and train the local businessmen who want to become suppliers of the Oyutolgoi LLC.
Amendments to the law on health that Parliament adopted on Wednesday provide for doctors and nurses in aimag and region centers to be paid bonus equal to six months’ salary every five years.
For more than 40 years, the Korea Development Bank has built up a reputation as a core Korean bond issuer in the global capital market.
WASHINGTON, USA (AFP) — Afghanistan is the worst place in the world to be a mother and Norway is the best, an annual report released Tuesday said.
Peasant farmer Wang Tao used to grow corn, potatoes and wheat within a stone's throw of a dumping ground for rare earths waste until toxic chemicals leaked into the water supply and poisoned his land.
Voyager Resources (ASX: VOR) has entered into an agreement to acquire up to 80% of the Khul Morit Copper Project in the Gobi Region of Mongolia.
Unlike most of the world, Mongolia is in the middle of a stock market boom. Its main index was the fastest-growing in the world last year, up by 132%. It doubled in size again in the first three months of this year, before falling by 50%, but is still 50% higher than it ended 2010.
ULAN BATOR, Mongolia -- Japan's Ministry of Economy, Trade and Industry and the U.S. Department of Energy have secretly been advancing plans to construct the world's first international storage and disposal facility for spent nuclear fuel in Mongolia, it has been learned.
Friday, May 6, 2011
A “Public working day” is to run this Saturday. Some five thousand people--officials from the UB city administration and the unemployed from all districts--will clean the river Tuul and its surroundings, and plant trees in national garden.
Andres Avendano steps out of his Toyota Hilux pickup halfway down a 20-kilometer-long tunnel under Chile’s Chuquicamata copper mine.
Silver futures fell, heading for the biggest three-day drop since 2008, and gold also retreated amid a report Soros Fund Management LLC sold precious-metal assets.
The Mongolian Supreme Court has declined to allow a splinter group to register as the Mongolian People's Revolutionary Party (MPRP), a title dropped by the nation's ruling party last November, local media reported Thursday.
Thursday, May 5, 2011
Sharyn Gol Joint Stock Company (Ticker: MSE SHG MO, close today 18302MNT (14.47USD), total shares outstanding 8.5M shares, market cap 132B MNT (105M USD), performance YTD + 72.39%, YOY +381.63%, 52 week range 2700-35099 MNT, average daily turnover 56,061USD, ownership structure: 61% Firebird, local management 33%, free float 6%,most transparent and only JORC coal compliant company on MSE, good corporate governance, No.78 in TOP100 Mongolian corporates list) announced major strategic review
Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) announces that it has entered into an Option Agreement ("Agreement") with a private Mongolian company ("Seller") holding an exploration license near Prophecy's Ulaan Ovoo mine, pursuant to which Prophecy has been granted the right to acquire 100% ownership for US$2 million within the first year, or US$4 million in the second year of the execution of the Agreement.
BEIJING—The central bank of Mongolia said it will sign a currency swap agreement with the People's Bank of China, paving the way for more yuan-based trade settlements.
Tuesday, May 3, 2011
Mr. Ch.Khashchuluun, Chairman of the National Development and Innovation Committee and Chairman of the Board of the Development Bank of Mongolia, shares his opinion on the recent development of establishing the Development Bank of Mongolia.
The UN General Assembly has designated 2012 as the international year of cooperatives.
Due to the trade policies of China, the rare earth mining sector has been one the hottest commodity markets over the past year.
President of Mongolia Elbegdorj Tsakhia send a letter of condolence to Barack Obama, President of the United States of America, over the enormous losses caused by tornadoes and storms in the USA.
Last weekend, “Mongolian Open-2011” Senior Freestyle Wrestling Championship was held at the new sport complex at Khan-Uul district.
BEIJING May 3 (Reuters) - Remote and landlocked Mongolia sits on vast quantities of untapped mineral wealth, and foreign investment in a number of gigantic mining properties is expected to transform its tiny economy in the next decade.
Monday, May 2, 2011
Russian invested “Altandornod Mongol” and “Vostokneftgaz” has lost their case against Mongolian Government in international arbitration court.
An agreement on ”Pre-conditions of the Mongolian Government Guarantee” was signed between the Ministry of Finance (State Secretary D.Battur) and the Development Bank of Mongolia (Chairman Ch.Hashchuluun).
MUI Corporation (ASX: MUI) has explained the company’s decision to option the Inner Mongolia Coal Project license as an opportunity to acquire a project licence located in the Bayanhue formation, in a proven coal, oil and gas basin.
Turner Broadcasting System Asia Pacific has launched a selection of its top channels in Mongolia, a groundbreaking agreement with the country’s first IPTV operator, Univision.
The “Mongolia’s spring” 15th annual sport festival was held among the Mongolians who work and study in Prague, Czech Republic.
Delivering 4G Broadband Services to Mongolian Residents and Businesses
BAOTOU, China — Peasant farmer Wang Tao used to grow corn, potatoes and wheat within a stone's throw of a dumping ground for rare earths waste until toxic chemicals leaked into the water supply and poisoned his land.
The Hocking Media Group, a media buying and planning agency, and bd's Mongolian Grill, a leading restaurant chain with 35 locations in 13 states, today announced Hocking Media Group will handle media planning and buying for the restaurant chain.