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Showing posts from January, 2012

Officials detained for selling bad gold

An official with Mongol Bank’s Economic Department and three officials from the Standardization Measurement Office have been detained since last week for their alleged roles in a gold scheme.

Parliament to recess on February 10

Secretary General of Parliament Office Ts.Sharavdorj has told our correspondent that the current session of Parliament will go into recess on February 10.

DP caucus discusses several draft laws

The DP caucus discussed several draft laws at its meeting on Monday. The caucus established a working group to amend a draft law on local settlement elections.

Government holds first meeting with new ministers

Five new ministers were in attendance at Monday’s meeting of the Government.

U.Enkhtuvshin: Each citizen to receive 1,072 shares

The MPP caucus discussed the Tavantolgoi protocol on Monday and decided that each citizen should be given 1,072 shares in the mining project.

Government needs administrative overhaul

The DP has organized a series of lectures in the Government House since 2011, and on Tuesday DP Secretary General D.Erdenebat delivered one entitled “From Administrative Structure to Free Economies.”

CABINET WANTS TO INCREASE OIL PRODUCTS SUPLLY AND STABILIZE PRICES

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the Minister of Mineral Resources and Energy D.Zorigt introduced to the cabinet works of increasing oil product supply and stabilizing the price of oil products.

ABOUT MEAT SUPPLY AND TRADE IN UB CITY

Ulaanbaatar, Mongolia /MONTSAME/ Reserved meat has been sold from January 15 for the city's needs, the Minister of Food, Agriculture and Light Industry T.Badamjunai reported on Monday at the cabinet meeting.

SALARIES, PENSION AND ALLOWANCES TO INCREASE

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet positively considered on Monday issues of augmenting salaries, pensions and some allowances.

Committee members urge Mongol Bank be held accountable

After gasoline prices went up January 6, the Confederation of Trade Unions (CTU) organized demonstrations at Sukhbaatar Square and in aimags.

SPEECH OF THE PRESIDENT OF MONGOLIA AT THE SPECIAL SESSION OF THE PARLIAMENT

ON THE OCCASION OF THE CENTENARY OF REGAINING THE INDEPENDENCE OF MONGOLIA.

Why Are the Chinese Buying Record Quantities of Gold?

This month, the Hong Kong Census and Statistics Department reported that China imported 102,779 kilograms of gold from Hong Kong in November, an increase from October’s 86,299 kilograms.

Mongolian office will extend expertise and client engagement in key growth areas such as energy and natural resources

NEW YORK, Jan. 30, 2012 /PRNewswire/ -- Deloitte Touche Tohmatsu Limited (DTTL) announced today it has established a new member firm in Mongolia after reaching an agreement with leading local Mongolian professional services firm, Onch Audit. The new firm, Deloitte Onch LLC , will offer a full range of professional services, including audit, tax, consulting, and financial advisory to clients in one of the world's fastest growing economies.

Tavan Tolgoi IPO Goes Cold

For the first time in its history, Mongolia is going to launch a multi-billion dollar initial public offering (IPO) of a country`s strategic coal deposit.

Russia, Mongolia Plan Joint Military Drills

A Russian Army delegation has started a five-day visit to Mongolia to discuss preparations for a joint exercise, the Defense Ministry said on Monday.

Kuwaiti envoy meets with Mongolia FM

ULAN BATOR, Jan 31 (KUNA) -- Kuwaiti Ambassador to Mongolia Mubarak Mohammad Al-Suhaijan met, on Tuesday, with Mongolia's Foreign Minister Gombojav Zandanshatar at the Foreign Ministry headquarters.

Political science instructor will travel to Mongolia as recipient of Fulbright award

1/30/2012 - U.S. AIR FORCE ACADEMY, Colo. -- An Air Force Academy political science professor will soon be calling the land of Genghis Khan home.

Livestock, not Mongolian gazelles, drive foot-and-mouth disease outbreaks

Wildlife health experts from the Wildlife Conservation Society have published evidence which supports the conclusion that Mongolian gazelles—one of the most populous large land mammals on the planet—are not a reservoir of foot-and-mouth disease (FMD), a highly contagious viral disease that threatens both wildlife and livestock in Asia.

Undur Tolgoi Minerals Inc. Announces Winter Work Program Over Mongolian Property

ULAANBAATAR, MONGOLIA, Jan 30, 2012 (MARKETWIRE via COMTEX) -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (cnsx:UTM) is pleased to announce that its Board of Directors has reviewed and unanimously approved an exploration Program (the "Work Program") for the Company's Mongolian property.

Deloitte Announces Opening of Deloitte Onch LLC - A New Member Firm in Mongolia, One of the World's Fastest-growing Economies

NEW YORK, Jan. 30, 2012 /PRNewswire via COMTEX/ -- Deloitte Touche Tohmatsu Limited (DTTL) announced today it has established a new member firm in Mongolia after reaching an agreement with leading local Mongolian professional services firm, Onch Audit.

Narantuul vendors establish trade union

Officials with the Confederation of Trade Unions (CTU) visited Narantuul market on Thursday to inspect the working conditions of vendors and to research rising prices.

CWP holds assembly, changes name to CWGP

The Civil Will Party (CWP) held its eighth assembly on January 28, with some 500 delegates from the CWP and the Green Party (GP) taking part.

MPRP marks first anniversary with conference

The MPRP observed its first anniversary on January 27 and organized a conference in conjunction with the anniversary.

Importers discuss business issues

The Importers Council held a meeting at the Mongolian National Chamber of Commerce and Industry on Monday.

CIRCUS ARTISTS WIN IN MONACO

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian circus artists of the "Circus Mongolia Khadgaa" group have won a Bronze Clown Cup in the 36th International Circus Festival in Monte-Carlo.

INDIA AUGMENTS SCHOLARSHIPS FOR MONGOLIANS

Ulaanbaatar, Mongolia /MONTSAME/ India has decided to add scholarships of its government for the Mongolian students in the academic years of 2012-2013. It was reported on Friday on the www.news.mn website.

OYU TOLGOI LLC ANNOUNCES AWARD WINNERS

Ulaanbaatar, Mongolia /MONTSAME/ A total of 47 Mongolian supplier companies will receive special mention at the “Gobi of Treasure” Annual Best Supplier Recognition Award Ceremony hosted by Oyu Tolgoi, the company's website reported on Thursday.

PROGRAM APPROVED FOR HIGH TECH INDUSTRIES' DEVELOPMENT

Ulaanbaatar, Mongolia /MONTSAME/ The National Development and Innovation Committee (NDIC) announced on Thursday it approved a program on developing industry of high technologies.

U.S AMBASSADOR INAUGURATES HIS BOOK ABOUT MONGOLIA

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of the USA to Mongolia Mr. Jonathan Addleton inaugurated on Friday his book about Mongolia.

WASHINGTON MARKS MONGOLIA-US DIPLOMATIC TIES ANNIVERSARY

Ulaanbaatar, Mongolia /MONTSAME/ The Embassy of Mongolia in the USA organized last Friday a reception of honor in the Four Seasons hotel, Washington D.C,. dedicated to the 25th anniversary of the Mongolia-USA diplomatic relations.

NAT'L SECURITY COUNCIL AND ISS RUN ROUND TABLE MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A round-table meeting themed "Security of Mongolia in 2012: External factors possible to pose threat to the security" started on Wednesday in the Institute of Strategic Studies (ISS), the National Security Council (NSC).

NEW MINISTERS APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ At its plenary meeting on last Friday, the parliamentary session made a decision to appoint some ministers.

RIO MAY FREEZE OUT FRIEDLAND

Rio Tinto PLC is expected to offload a number of Australian and Asian assets now under its control after it clinched majority ownership of Canadian explorer Ivanhoe Mines Ltd.

Coal mining statistics released

The state has released coal mining statistics ahead of next month’s “Coal Mongolia 2012” forum for international investors.

Ivanhoe expects board majority to remain independent

Ivanhoe Mines Ltd. is reminding investors that a majority of its directors are expected to remain independent, shortly after Rio Tinto Ltd. said it may look to replace some of the miner’s senior management.

Petro Matad’s co-chairman Toll retires from board

Toll has retired immediately to focus on personal matters and other business interests in the mining industry, the oil firm said in a statement this morning.

CIDA funds seen to be subsidizing mining firms

The Harper government weathered a storm when it cut funding to long-standing foreign-aid groups, but is now facing more controversy over its decision to launch development projects in partnership with mining firms.

Native Americans may have come from Siberia

The earliest Native Americans may have originated in a tiny mountainous region in southern Siberia called the Altai, according to anthropologists.

Shorting Chinese Stocks 101

WANT to make a fortune short selling allegedly shonky Chinese stocks?

Inner Mongolia 2011 coal imports up by 23pct YoY

Inner Mongolia Autonomous Region, as the country largest coal producer, imported 20.7 million tonnes of coal in the whole of 2011, 23.2% more than that in 2010.

Indian Army to Hold 20 War Games with Friendly Nations

New Delhi: In its bid to have greater engagement with foreign militaries, Indian Army will this year hold between 15 to 20 bilateral war games with friendly nations like the US, Russia, France and Britain, apart from neighbours Bangladesh, Myanmar and Nepal, officers said Sunday.

Rio sets out intentions for Ivanue and Oyu Tolgoi

RIO Tinto expects to replace some directors and management at Ivanhoe Mines after grabbing majority control of the Canadian mining company, and may seek direct ownership in the massive Oyu Tolgoi copper and gold project in Mongolia.

En+ Group Plans Big Expansion

Oleg Deripaska's En+ Group plans to invest at least $1.5 billion to increase coal production by almost 50 percent by 2020 and is studying acquisitions in Russia, Mongolia and Indonesia.

Mining threatens herders in Mongolia: report

BEIJING — Mining in southern Mongolia is threatening the livelihoods of herders and straining water supplies, a report said Monday, as foreign companies race to exploit the country's rich mineral deposits.

Guildford Coal plans to start Mongolian coking coal production mid-2012

Australian coal producer Guildford Coal aims to start mining at its South Gobi coking coal project in Mongolia in mid-2012, after it received its mining licence for the project Monday, the company said in a statement.

Okinawan, Mongolian groups ink deal on rare earths

A Japan-China friendship group in Okinawa Prefecture has agreed to cooperate on procuring rare earth metals with a local goodwill group in China's Inner Mongolia Autonomous Region, sources familiar with the matter said Sunday.

MONGOLIA: WORLD ECONOMIC FORUM PUTS RAPID GROWTH IN SPOTLIGHT

Strong mining industry and diversification efforts set scene for long-term expansion – OBG’s Regional Editor

Mongolian prize finally in Rio Tinto’s grasp

RIO Tinto is expected to offload a clutch of Australian and Asian assets now under its control after it clinched majority ownership of Canadian explorer Ivanhoe Mines.

Copper soars to 4-month high on US economic hope

Copper hit a four-month high Wednesday after the US Federal Reserve pledged to hold interest rates to near zero until the end of 2014.

Economic outlook darkens for eastern Europe

The economic outlook for much of eastern Europe is continuing to darken as the eurozone crisis refuses to abate and western banks reduce lending in the region, according to the European Bank for Reconstruction and Development.

Positive Feasibility Study for Prophecy Coal’s Mine-Mouth Power Project in Mongolia

Prophecy Coal has received a positive feasibility study for the Company’s 600 MW Chandgana Mine-Mouth Power Project in Central Mongolia. The Report was independently prepared by Ralf Thomsen, Project Manager at Steag, a German firm specializing in the planning, financing, construction and operation of highly efficient, thermal power plants for fossil fuels.

Ivanhoe Mine shares surge on Rio Tinto takeover

Shares of Canada’s Ivanhoe Mines Ltd. gained more than 5 percent in aftermarket trading on Thursday after majority shareholder Rio Tinto PLC disclosed that it is reviewing the company’s board and management structure in advance of likely changes.

Rio Tinto may shake up Ivanhoe management

MELBOURNE -(MarketWatch)- Rio Tinto PLC RIO +0.38% expects to replace some directors and management at Ivanhoe Mines Ltd. IVN +4.29% after grabbing majority control of the Canadian mining company, and may seek direct ownership in the massive Oyu Tolgoi copper and gold project in Mongolia.

Rio Tinto May Seek Changes to Management of Ivanhoe After Boosting Stake

Rio Tinto Group (RIO) , the world’s third- largest mining company, may seek to replace Ivanhoe Mines Ltd. (IVN) ’s senior management after moving to increase its stake to 51 percent this week.

Assay Results Lift Erdene; Shares Up Almost 5%

Shares of Erdene Resource Development Corp. (ERD.TO) were lifted by almost 5% after the company announced today the final assay results from a 20-hole scout drill program at its 100% owned Altan Nar property in southwest Mongolia.

Mongolia Holds Seminar to Mark Anniversary of Ties with U.S.

Mongolian Ministry of Foreign Affairs and Trade held a seminar Thursday to commemorate the 25th anniversary of diplomatic relations between Mongolia and the United States.

Petro Matad's co-chairman Toll retires from board

Co-chairman Gordon Toll is retiring from the board of Mongolia focused Petro Matad ( LON:MATD ), it emerged.

Mongolia: Nomadic Life in the 21st Century

Our next big destination along the historic Trans-Siberian Railway was Mongolia.

The future of renewable energy in Mongolia

The future potential for renewable energy in Mongolia is recognized in its fifteen year renewable energy program.

The Mongolian Sandwich

Mongolia has two neighbours, China and Russia. Both of these countries are huge and have dominated Mongolia for several centuries, despite Mongolia being a sovereign republic.

Rio may push for Oyu Tolgoi stake, Ivanhoe says

MELBOURNE Jan 27 (Reuters) - Global miner Rio Tinto may push for a change in ownership of the massive Oyu Tolgoi copper and gold mine in Mongolia, which is two-thirds owned by Canada's Ivanhoe Mines, the Canadian miner said in a U.S. filing.

MPP caucus discusses draft laws, gas prices

In addition to criticizing MPP Chairman and Prime Minister S.Batbold for his nominations to fill six ministerial vacancies, the MPP caucus addressed several other issues at its regular meeting on Monday.

PM urges Parliament to “urgently” discuss ministerial appointments

Prime Minister S.Batbold submitted his nominees for six ministerial vacancies to Speaker D.Demberel on Tuesday.

Working group discusses rising prices

On Tuesday, a Standing Committee on Economics working group headed by D.Gankhuyag held an open discussion on rising prices at the Government House.

DP caucus rejects MPP ministerial nominees

The DP caucus on Tuesday rejected the MPP’s nominees for six ministerial vacancies created when the DP pulled out of the coalition government.

German technology center opens in Mongolia

The German Society for International Cooperation opened a new German technology center in Ulaanbaatar on Tuesday.

International basketball tournament to be held

The Mongolian Basketball Federation is sponsoring the “UB Cup 2012” international tournament at the Sport Palace from February 7 to 12 with the assistance of Pepsi Cola.

Mongolia’s embassy in Kiev observes anniversary

Mongolia’s embassy in Kiev recently observed the 20th anniversary of the establishment of diplomatic relations between Mongolia and Ukraine.

DP MPs blame MPP for delaying draft pension law

On Thursday, DP MPs P.Altangerel and S.Erdene told journalists that the MPP caucus has delayed discussion of a draft law on pension increases.

IMF official: Mongol Bank not to blame for rising gas prices

Steven Barnett, the head of the Asia and the Pacific Department of the International Monetary Fund (IMF), recently answered our correspondent’s questions.

MILITARY OFFICERS ARE SHOWING THEIR COLLECTIONS

Ulaanbaatar, Mongolia /MONTSAME/ An exhibition named "My hobby" opened on Monday in the Mongolian Military Museum.

NAT'L SECURITY COUNCIL AND ISS RUN ROUND TABLE MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A round-table meeting themed "Security of Mongolia in 2012: External factors possible to pose threat to the security" started on Wednesday in the Institute of Strategic Studies (ISS), the National Security Council (NSC).

SCHOLARSHIPS NAMED AFTER PRESIDENT AWARDED

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, a head of the Presidential Office D.Battulga granted scholarships to some foremost students.

PM SENDS DRAFT RESOLUTION ON APPOINTMENT OF MINISTERS

Ulaanbaatar, Mongolia /MONTSAME/ The Premier S.Batbold submitted on Tuesday to the Speaker D.Demberel a parliament draft resolution on appointing six members of the cabinet.

PRESIDENT LEGS HERDER FAMILY

Ulaanbaatar, Mongolia /MONTSAME/ While touring last weekend with a working visit in Omnogobi aimag, the President Ts.Elbegdorj has stayed overnight in a family of G.Bugd, a foremost herdsman, in Khurmen soum.

City of Ulaanbaatar

In November of 2001, after a trade mission that took him throughout Asia, former Mayor Webb returned to Denver with the intention of making Ulaanbaatar our tenth sister city.

Thai Banpu to invest $600 mln, sees growth in 2012

Thailand’s top coal miner, Banpu Pcl, said on Friday it aimed to invest $600 million in 2012, mostly to develop coal mines in Indonesia and Australia, and it expected higher operating profit this year.

Miner Rio clear to take over Mongolia project after Ivanhoe relents

Global miner Rio Tinto is clear to take over Mongolia’s coveted Oyu Tolgoi project, which promises to be one of the world’s largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial “poison pill”.

Canadian Stocks Decline as Greece Debt Talks Reach Stalemate

Jan. 24 (Bloomberg) -- Canadian stocks fell for the first time in five days, led by banks, as talks between European finance ministers and holders of Greek debt reached a stalemate.

2:20. Interesting ?..funds

Marc Faber spoke with CNBC about the state of emerging markets and, notably, frontier markets.

Canasta hoping for winning hand in Mongolia

Some bands say "world tour," and it means they've booked Vancouver immediately after Seattle.

Erdene mulls construction of marine terminal

A junior mining company in Halifax is considering whether to build a new marine terminal in Guysborough County aimed at providing building aggregate for the recovering United States construction industry.

Nature’s voice

Mongolia, a steppe country in Central Asia, is known for unspoiled nature, nomadic life, gers made of felt, the seemingly endless expanses of blue sky, the Gobi Desert, and the Altai Mountains.

Ministry plans to build 40 kindergartens

The Ministry of Education, Culture and Science plans to build 40 kindergartens in the state this year with the assistance of the World Bank.

S.Miyaragchaa: Now my dream is to participate in the London-2012 Olympic Games

Mongolian judoists competed at The World Master-2012, initiated by the International Judo Wrestling Association on January 14 to15 in Almaty, Kazakhstan.

Prophecy Provides EPC, PPA, Project Financing Update on Chandgana Power Plant Project

VANCOUVER, BRITISH COLUMBIA, Jan 24, 2012 (MARKETWIRE via COMTEX) -- Prophecy Coal Corp. ("Prophecy" or the "Company") CA:PCY -5.56% (otcqx:PRPCF)(frankfurt:1P2) is pleased to provide the following update on EPC (Engineering, Procurement, Construction), PPA (Power Purchase Agreement), and project financing in connection with its proposed 600 MW Chandgana power plant project in Mongolia.

Hanmi pharmaceutical enters into agreement with Mongolian firm MEIC over supply of OTC products

Hanmi's 13 OTC products including 'Ten Ten' Multi-Vitamins for children, NSAID 'Dexibuprofen' will be marketed in the Mongolian market.

Rio Tinto takes majority stake in Ivanhoe

For the first time in recent memory, a creeping takeover in Canada has succeeded.

Kazakhstan, Mongolia’s Gold Reserves Increased in December, IMF Data Show

Kazakhstan raised its gold reserves by 3.1 metric tons in December to 76.7 tons, according to data on the International Monetary Fund’s website.

Rio Tinto takes majority stake in Ivanhoe

For the first time in recent memory, a creeping takeover in Canada has succeeded.

Canada's Man in Mongolia Has Fond Atlanta Memories

This story is part of an upcoming special report on Mongolia, the second country to be featured in our Emerging Market Series .

Protesters continue demonstration

A group of demonstrators headed by Confederation of Trade Unions (CTU) President S.Ganbaatar protested outside the Government House on Monday.

MP asks about rising fuel prices in aimags

On Monday, Chief of the Standing Committee on Security and Foreign Policy Ya.Batsuuri sent a query to Prime Minister S.Batbold about rising gasoline prices in some aimags.

DP caucus raises issue of Mongol Bank president’s resignation

At its regular meeting on Monday, the DP caucus discussed the recent increase in fuel prices and decided to raise the issue of Mongol Bank President L.Purevdorj’s resignation in Parliament.

Democratic Union marks 22nd anniversary

The Democratic Union of Darkhan-Uul aimag organized a symposium on January 22 to mark its 22nd anniversary.

President meets with Khanbogd soum residents

During his visit to Umnugobi aimag, President Ts.Elbegdorj met with Khanbogd soum residents to hear their suggestions and complaints and to answer their questions.

Speaker receives demonstrators

On Monday, Speaker D.Demberel and Chief of the Standing Committee on Economics D.Zorigt received representatives of the Confederation of Trade Unions (CTU) demonstrators protesting price increases in the country.

Mayor on official visit to Germany

Ulaanbaatar Mayor G.Munkhbayar is on a four-day official visit to Germany at the invitation of Jurgen Nimptsch, the mayor of Bonn.

President sends note on ministerial appointment

On Monday, Prime Minister S.Batbold sent a note regarding the filling of six ministerial vacancies to President Ts.Elbegdorj. On Tuesday, the President replied.

PM to submit ministerial nominations to Speaker

Now that he has received the President’s reply to his note regarding the filling of six ministerial vacancies, Prime Minister S.Batbold will submit the nominations to Speaker D.Demberel on Tuesday.

DRAFT LAW ON DONOR SUBMITTED

Ulaanbaatar, Mongolia /MONTSAME/ The Parliament Speaker accepted last Friday a draft amendment to the law on donor.

SOME MINISTERS APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ In view of a parliamentary resolution on discharging some cabinet members from the posts, S.Batbold PM has released an order.

VICE MINISTER OF AGRICULTURE IN GERMANY

Ulaanbaatar, Mongolia /MONTSAME/ The Vice Minister of Food, Agriculture and Light Industry J.Saule attended an opening ceremony of the International Green Week held on January 20 in Berlin, Germany.

PM SENDS DRAFT RESOLUTION ON APPOINTMENT OF MINISTERS

Ulaanbaatar, Mongolia /MONTSAME/ The Premier S.Batbold submitted on Tuesday to the Speaker D.Demberel a parliament draft resolution on appointing six members of the cabinet.

“Coal Mongolia” forum to attract 700 delegates

The Ministry of Mineral Resources and Energy, the National Development and Renovation Committee (NDRC), and the mining sector website mining.mn are jointly organizing a forum for international investors called “Coal Mongolia 2012” at the SS convention center on February 9 and 10.

Ivanhoe Mines scraps shareholder rights plan paves way for Rio Tinto

Ivanhoe Mines said that it will scrap its shareholder rights plan, clearing the way for its single largest shareholder, Rio Tinto to take over what could be one of the world’s largest copper-gold mines.

Hong Kong Stocks Rise on U.S. Jobs Data, Falling European Yields

Jan. 20 (Bloomberg) -- Hong Kong stocks advanced, with the Hang Seng Index posting its biggest weekly gain since the start of December, as U.S. initial jobless claims and European borrowing costs declined.

Mongol Rally Will Take Two Miamians Across One-Third the Earth's Surface In A Tiny Car

Think your commute sucks? ​

Petro Matad names Zebrowitz COO

Petro Matad Ltd., the parent company of a group focused on oil exploration, as well as future development and production in Mongolia, has appointed Mark Zebrowitz to its senior management team as COO.

Mongolian president rejects cabinet nominations

ULAN BATOR, Jan. 24 (Xinhua) -- The Mongolian president on Tuesday rejected four out of six ministerial nominations, citing that their legislator identities may lead to an imbalanced government, the government's press service said.

Duties of dismissed ministers transferred

Prime Minister S.Batbold issued an order replacing the six outgoing DP ministers in accordance with a protocol of Parliament on January 20, 2012, and a provision of the law on government.

Demonstrators deliver note of demands to Government

Demonstrators at Sukhbaatar Square on January 20 delivered a note of demands to the Government.

President Ts.Elbegdorj tours soum near Tavantolgoi

On Sunday, President Ts.Elbegdorj met with residents of Tsogttsetsii soum in Umnugobi aimag, after his visits to the Tavantolgoi and Oyutolgoi mining projects.

Mayor introduces roads plan

Ulaanbaatar Mayor G.Munkhbayar, Deputy Mayor B.Munkhbaatar, and other officials introduced a plan for road construction and repair on Saturday.

Capacity of Gashuunsukhait border crossing enhanced

A subsidiary of Energy Resource LLC, Gobiin Zam, has implemented a project to expand the capacity of the Gashuunsukhait border crossing.

CENTRAL BANK: MONGOLIA RANKED 81ST PLACE BY ECONOMIC FREEDOM INDEX

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia's economic freedom score is 61.5, making its economy the 81st freest in the 2012 Index, the Bank of Mongolia has reported.

PRESIDENT LEGS OYU TOLGOI COMPANY

Ulaanbaatar, Mongolia /MONTSAME/ Within a working tour to Omnogobi, the President Ts.Elbegdorj got acquainted on Friday with works of the Oyu tolgoi mineral deposit.

AMBULANCE CARS PRESENTED

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, the city and local hospitals received new ambulance cars.

LAW ON SOCIAL WELFARE REVISED BENEFICIAL FOR MANY

Ulaanbaatar, Mongolia /MONTSAME/ Welfare services will be distributed to the homeless, low-income people, orphans and people released from prisons, even alcohol addicts.

TS.ELBEGDORJ LEAVES FOR OMNOGOBI

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj left on Thursday for Omnogobi aimag and started his tour from the Tavantolgoi coal deposit located in Tsogttsetsii soum.

SPEAKER RECEIVES RESOLUTION ON DISCHARGING MINISTERS FROM POSTS

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, head of the Cabinet Secretariat of the Government Ch.Khurelbaatar submitted to the Speaker D.Demberel a draft resolution of parliament on discharging six ministers from the posts.

No exploration licenses to be issued in 2012

On January 12, the first discussion of a Bill to amend the law on banning the issuance of new exploration licenses was held in parliament.

“Miner & Supplier 2012” forum to be held

The NGO Mineral Resources and Mining Exchange is holding its second “Miner & Supplier” forum at the Chinggis Hotel on March 15 and 16.

New vehicle tax will raise MNT 12.5 billion

The Auto Transportation Office began to levy fees on vehicle owners on January 1.

ADB, Mongolia Sign Agreements to Support Ger Areas Development and Deepen Financial Services

The Asian Development Bank (ADB) and Mongolia’s Ministry of Finance today signed two grants to improve urban services in Ulaanbaatar’s ger areas and to improve financial services for the low income households.

Estonian Baruto claims first sumo title

TOKYO (AP)—Estonian Ozeki Baruto was presented with his first Emperor’s Cup on Sunday after winning the New Year Grand Sumo Tournament.

ESF | Spotted: SUNY-ESF researchers capture first images of snow leopards in Siberian mountains

Image
A snow leopard crouches low to the ground on a barren, snow-covered rocky ledge.

Bhutan establishes diplomatic relations with Mongolia and Vietnam

The joint communiqué on the establishment of diplomatic relations was signed between ambassador and permanent representative of Bhutan to the United Nations in New York Lhatu Wangchuk and ambassador and permanent representative of Mongolia to the United Nations in New York, Enkhtsetseg Ochir on January 18.

Ivanhoe Mines Negotiates an Additional US$1.8 Billion Bridge Financing as Part of the Comprehensive Financing Plan for Oyu Tolgoi

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Ivanhoe Mines (TSX: IVN.TO - News )(NYSE: IVN.TO - News )(NASDAQ: IVN.TO - News ) Chairman David Huberman said today that the company's Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013.

Hockey night in Mongolia

On a frigid December morning, on a outdoor rink on the edge of town, the Ice Sharks come out to practice.

B.Chinbat: The concert will be the comeback challenge to Mongolians who are abroad

We met with pianist, and composer B.Chinbat beofre going to Korea for his concert “Sweetymotion and Chinba” with the Sweetymotion girls group.

Lunar New Year celebrations reflect Bay Area diversity

Amid the profusion of Lunar New Year celebrations signaled by Monday's new moon, Ariuntuul Avirmed thinks you might not have heard of her festival, Tsagaan Sar.

President Ts. Elbegdorj visits Oyu Tolgoi

“This is a very large, world-class mining project. Investor Rio Tinto is a responsible, reliable company.

Masa Igata: If Tavan Tolgoi IPO is done in a rush there could be a loss of USD $3 – 4 billion

Below is an interview with the CEO of Frontier Securities, Masa Igata.

Mongolia Aims for Tavan Tolgoi IPO by June

HONG KONG--The Mongolian government is looking to launch a multibillion dollar initial public offering of a mega coal deposit ahead of parliamentary elections in June, with plans to list state-owned Erdenes-Tavan Tolgoi Co. in London and Mongolia, people familiar with the situation said.

President receives Mongolia’s new ambassador to Japan

On Wednesday, President Ts.Elbegdorj received S.Khurelbaatar, Mongolia’s new ambassador to Japan, and presented him with the credentials he will present to Japan’s emperor.

Mongolia establishes diplomatic relations with Panama

Mongolia formally established diplomatic relations with Panama on January 17.

MPRP demands resignation of Parliament

MPRP Secretary General N.Udval and other party members delivered a note to Speaker D.Demberel at the Government House on Thursday demanding the resignation of all members of Parliament.

MPP considers naming new secretary general

The MPP managing council met behind closed doors in the Government House on Thursday to discuss naming a new party secretary general.

Parliament approves draft laws on press freedom

Parliament on Thursday discussed two draft laws on press freedom, one submitted by the Government and one submitted by the president, as well as amendments to the civil law and the criminal law.

Standing Committee accepts ministers’ resignations

The Standing Committee on State Structure accepted the resignations of six DP ministers on Friday and sent the matter to the full Parliament for discussion.

Sukhbaatar Square demonstrators demand price controls

About 600 demonstrators gathered in Sukhbaatar Square on Friday to demand the Government do something to stop rising prices.

MINER & SUPPLIER FORUM TO RUN

Ulaanbaatar, Mongolia /MONTSAME/ The Minerals and Mining Exchange will organize the "Miner&Supplier" forum on March 15-16 in Chingis Khaan hotel in the UB city.

TS.ELBEGDORJ LEAVES FOR OMNOGOBI

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj left on Thursday for Omnogobi aimag and started his tour from the Tavantolgoi coal deposit located in Tsogttsetsii soum.

STATE HEAD WANTS TO SUPPORT MONGOLIAN STUDIES

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the President Ts.Elbegdorj released a decree of creating a fund for supporting Mongolian studies.

PRESIDENT EXPRESSES HIS VIEW TO PM'S PROPOSAL

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the President of Mongolia Ts.Elbegdorj addressed a letter from the Premier S.Batbold, expressing his views about the matter on leaving the coalition government of six cabinet members.

SPEAKER RECEIVES RESOLUTION ON DISCHARGING MINISTERS FROM POSTS

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, head of the Cabinet Secretariat of the Government Ch.Khurelbaatar submitted to the Speaker D.Demberel a draft resolution of parliament on discharging six ministers from the posts.

50 thousand people will take part in demonstration

On 20th of January, the Confederation of Mongolian Trade Unions (CMTU) will organize demonstrations against price increase on products and goods.

Nomadism in Mongolia-The - best place - last

IT IS what is underfoot that counts.

Friedland’s Ivanplats Said to Consider $1 Billion Initial Public Offering

Ivanplats Ltd., a mining company controlled by billionaire Ivanhoe Mines Ltd. founder Robert Friedland, may seek as much as $1 billion in an initial public offering as early as the second quarter, according to people with knowledge of the plan.

Winsway Denies Short-Seller’s Allegations Company Overstated Coal Imports

Winsway Coking Coal Holdings Ltd. (1733), which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported.

China’s New Strategic Target: Arctic Minerals

As policymakers in Washington focus on China’s expanding presence in Africa and growing assertiveness in the South China Sea and Indian Ocean region, Danish diplomatic assistance is opening the gate for China to establish a strategic foothold in the Arctic.

Copper excitement

On Thursday, the copper price on the London Metal Exchange reached a four-month high of over US$8,210/t for three-month delivery.

Guest post: frontier markets up the ante on political risk in mining

Mining companies have been busy scouring investment frontiers that they once avoided.

Positive economic news powers TSX

The Toronto stock market closed higher Thursday as financials improved in the wake of U.S. strong bank earnings, a better than expected reading on manufacturing and copper prices that continued to rack up strong gains.

Ivanhoe Mines Negotiates an Additional US$1.8 Billion Bridge Financing as Part of the Comprehensive Financing Plan for Oyu Tolgoi

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Ivanhoe Mines (TSX: IVN.TO - News )(NYSE: IVN.TO - News )(NASDAQ: IVN.TO - News ) Chairman David Huberman said today that the company's Board of Directors has received a progress report from its Special Finance Committee on the status of a comprehensive financing plan to cover the completion of the first phase of the Oyu Tolgoi mining complex in southern Mongolia through to the projected start of commercial production of copper, gold and silver in 2013.

Winsway Denies Claims in Report Over Level of Coal Imports

Jan. 20 (Bloomberg) -- Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated.

Berkh Uul JSC (mse:BEU) Completes 1,700 Meter Drilling Program

ULAANBAATAR, MONGOLIA, Jan 19, 2012 (MARKETWIRE via COMTEX) -- Berkh Uul JSC (mse:BEU) is pleased to announce the successful completion of its 1,700 meter drilling program at the Delgerkhaan fluorspar deposit.

Winsway Denies Claims in Report Over Level of Coal Imports

Jan. 20 (Bloomberg) -- Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated.

Mongolian Traffic Lights Direct Horses, Not Cars

It is rather fitting for Ulaanbaatar, the modern-day capital of the country which was once the largest contiguous land empire in the history of the world, to have traffic lights which depict horsemen.

Booming Mongolia Mine, all mine

“GOIN’ to OT?” drawls Andy, a burly tattooed man with that worldly air common to those who have done time in the American army.

Officials discuss rare mineral development

The Ministry of Mineral Resources and Energy held a seminar on rare mineral development in the Government House on Tuesday.

Did DP pulling out of coalition government cause rising prices?

Some commentators have blamed rising gasoline and consumer goods prices on the DP’s withdrawal from the coalition government.

Mongolian Stock Exchange issues 2011 report

The Mongolian Stock Exchange (MSE) issued its 2011 report on Tuesday.

MPs support pension increase

On Wednesday, at a meeting of the Standing Committee on Social Policy, Education, Culture and Science, members approved a draft law to increase pensions.

Government fires head of Nuclear Energy Authority

The Government on Wednesday fired S.Enkhbat, the head of the Nuclear Energy Authority (NEA).

Investment conference to be held in Ulaanbaatar

The “Investment 2012” conference will be held in the Children’s Palace on January 20 at the initiation of Mayor G.Munkhbayar.

G.Zandanshatar: China to increase petroleum exports to Mongolia

Foreign Affairs and Trade Minister G.Zandanshatar spoke with our correspondent about his recent trip to China.

Financial Stability Council discusses Development Bank issue

The Financial Stability Council met on Wednesday to discuss proposed amendments to the law on the Development Bank (DB).

Some temples and churches observed World Religion Day

Representatives from Buddhism-Dashchoilin Monastery, Christianity-Catholic Church, Judaism, Hinduism, Muslim and the Baha"i Faith commemorated World Religion Day together on January 14, 2012 in the Meeting Hall of Chinggis Khaan Hotel.

Finance Ministerial Council discusses several issues

The Finance Ministerial Council headed by minister S.Bayartsogt met on Wednesday and there were several issues on the agenda.

Another group to take part in Friday demonstration

The civil movement Promise Claiming People’s Union says it will take part in Friday’s demonstration against rising gasoline prices.

Parliament passes laws on conflicts of interest, anticorruption

Parliament on Thursday passed draft laws on preventing conflicts of interests in state agencies, on anticorruption, and on state services.

DEMPARTY FACTION WANTS TO ALTER LOCAL ELECTION LAW

Ulaanbaatar, Mongolia /MONTSAME/ The Democratic Party's faction discussed on Monday a law on local election and considered as necessity to alter it, especially the voting closing time.

PM REVEALS CANDIDATES FOR MINISTERS' POSTS

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister of Mongolia and chairman of the Mongolian People's Party (MPP) S.Batbold gave on Tuesday presented six candidatures for posts of ministers.

MONGOLIA ESTABLISHES DIPLOMATIC RELATIONS WITH PANAMA

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia has established the diplomatic relations with the Republic of Panama.

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet decided to convey a matter to parliament on releasing stocks of up to MNT 300 billion with an aim to recover the state budget's lost and difficulties at the budget.

Expatriate musings on Mongolia:City stumbling

One day, in Ulaanbaatar (UB), I was talking with a fellow foreigner about my job at the UB Post, and he commented, “If a journalist is not assassinated, he is not doing his job.” Now, I think that is a bit extreme, don’t you? Nobody wants to be assassinated. And, that’s easy for him to say, since he is not a journalist. I’d like to see him write some articles and put his neck on the line. I’m sure he has some tales to tell.

Standing Committee approves tax exemption for farm equipment

On Tuesday, the Standing Committee on Budget approved and sent to Parliament draft laws that would exempt agricultural equipment from value-added and customs taxes.

NAT'L PROGRAM TO BE REALIZED FOR FAMILIES

On Monday, the Premier S.Batbold ran the first meeting of the National committee which is responsible for organizing actions dedicated to the Year of Supporting Family Development.

ZHCH Mining signs Mongolia coal transport contract

ZHCH Mining has signed a contract with Transgobi to transport coal from the Ukhaa Khudag coal mine at Tsogttsetsii soum, Umnugobi aimag, Mongolia to Tsagaan Khad, Mongolia.

EC145 is first western helicopter in Mongolia

In October 2011, the EC145 was certified in Mongolia and the first EC145 was delivered to AJET.

Erdene gets deeper high-grade gold in expanding epithermal system

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For Erdene Resource Development (TSX: ERD) more gold-polymetallic drill intercepts add to the intrigue of its Altan Nar project in Mongolia.

Ivanhoe cancels poison pill, paves way for Rio deal

* Cancelling rights plan clears way for Rio to take majority stake * Rio holds 49 percent of Ivanhoe * Ivanhoe secures additional $1.8 bln bridge loan * Ivanhoe, Rio working to secure $4 bln long-term financing

Ivanhoe Mines to Scrap Rights Plan as Rio Seeks Larger Stake

Jan. 19 (Bloomberg) -- Ivanhoe Mines Ltd. decided to scrap a so-called shareholder rights plan, clearing the way for Rio Tinto Group to increase its stake and gain control of the developer of the Oyu Tolgoi copper mine in Mongolia.

Miner Rio clear to take over Mongolia project after Ivanhoe relents

* Ivanhoe Mines cancels shareholder rights plan * Rio welcomes decision, says is free to raise stake * Agreement blocking Rio share increase also expires Jan 18 * Rio holds 49 percent of Ivanhoe * Ivanhoe obtains $1.8 bln bridge loan

China, Mongolia celebrate new meteorological observation station

ULAN BATOR, Jan. 18 (Xinhua) -- A handover ceremony for a meteorological observation station donated to Mongolia by China was held here Wednesday.

Kazakhstan and Mongolia mark 20th anniversary of diplomatic relations

"Kazakhstan and Mongolia mark the 20th anniversary of diplomatic relations," Extraordinary and Plenipotentiary Ambassador of Mongolia to Kazakhstan Haraavch Ayuurzan told a press conference.

Rio clear to take over Mongolia project after Ivanhoe relents

(Reuters) - Global miner Rio Tinto ( RIO.AX ) is clear to take over Mongolia's coveted Oyu Tolgoi project, which promises to be one of the world's largest copper-gold mines, after project owner Ivanhoe Mines ( IVN.TO ) decided to scrap a controversial "poison pill".

Erdene receives its first royalty from Georgia project

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EBRD sees 2011 profits of more than 800 mln euros

The European Bank for Reconstruction and Development expects to report realised profits of more than 800 million euros in 2011, after making record investments of over 9 billion euros last year, the bank said on Wednesday.

Mongol Monsters: The Country’s Giant Heritage

Mongolia has a heritage of monsters. In 1971 a fossil of a velociraptor and a protoceratops locked in deadly combat was discovered by a Mongolian-Polish team in the Gobi desert.

Mongolia’s Best Handwriting announced

The nicest hand writing competition, organized by the Khumuun Bichig Newspaper, announced it’s winners on January 16.

MONGOLIA AND ADB SIGN AGREEMENTS TO IMPROVE URBAN SERVICES

The Asian Development Bank (ADB) and Mongolia's Ministry of Finance established on Tuesday two grants to improve urban services in Ulaanbaatar's ger areas and to improve financial services for the low income households.

Centerra Gold says delays hit Mongolia project

Jan 17 (Reuters) - Centerra Gold Inc said it could not predict when it would start production at its Gatsuurt project in Mongolia due to continued delays in receiving permits and approvals.

Prophecy Coal (TSX:PCY) (OTCQX:PRPCF) Receives Positive Feasibility Study for 600 MegaWatt Chandgana Mine-Mouth Power Project in Central Mongolia

Vancouver, British Columbia, January 18, 2012 - Prophecy Coal (TSX:PCY) (OTCQX:PRPCF) (Frankfurt:1P2) has received a positive feasibility study for the company's 600 MegaWatt Chandgana Mine-Mouth Power Project in Central Mongolia.

Sports with a twist in the land of Genghis Kahn

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KARAKORUM, Mongolia — The four massive wrestlers walked into a clearing in the middle of the Mongolian steppe.

IFJ Condemns Assaults on News Crew in Mongolia

The International Federation of Journalists (IFJ) joins its affiliate the Confederation of Mongolian Journalists (CMJ) in condemning the assault on a Khongor Television news crew in Bayankhongor Province in western Mongolia, on January 2.

Prophecy Coal rallies on Chandgana 600MW power plant feasibility study

Prophecy Coal Corp. (TSE:PCY) (OTCQX:PRPCF) unveiled Tuesday a positive feasibility study for its 600 megawatt (MW) Chandgana Mine-Mouth power plant project in central Mongolia, to be built next to the company's Chandgana Tal coal deposit.

Erdene getting golden results in Mongolia

Things are moving fast for a Halifax junior precious metals company trying to strike it big in Mongolia.

Ivanhoe Mines to Scrap Rights Plan as Rio Seeks Larger Stake

Jan. 19 (Bloomberg) -- Ivanhoe Mines Ltd. decided to scrap a so-called shareholder rights plan, clearing the way for Rio Tinto Group to increase its stake and gain control of the developer of the Oyu Tolgoi copper mine in Mongolia.

Report: Mongolia issues Tavantolgoi IPO at HKSE

Reuters agency publishes an article about coal IPO of Tavantolgoi deposit mine of Mongolia — the world’s largest untapped coking deposit which could have offering price of up to US$5-billion.

CTU informs to organize demonstration

On Monday, Confederation of Trade Unions S.Ganbaatar informed journalists that CTU to organize protest demonstration in the state on Friday.

New committee for households holds first meeting

The Government has declared 2012 a year to support households and will continue last year’s programs to support employment. Prime Minister S.Batbold has told state, aimag, and local officials to pay special attention to low-income households and small- and medium sized businesses.

Umnugobi residents face water issues

Umnugobi aimag residents worry about the mining sector’s use of water, because water is scarce in the aimag.

PM to submit names of ministerial nominees to President

Prime Minister S.Batbold will submit the names of ministers nominated to fill the vacancies created by the DP’s withdrawal from the coalition government to President Ts.Elbegdorj on Tuesday.

Ulaanbaatar receives USD 4 million in aid from Japan

The city of Ulaanbaatar will receive USD 4 million in nonrefundable aid from Japan’s Fund for Poverty Reduction in developing member nations of the Asian Development Bank (ADB).

PRELIMINARY RESULTS OF GGB

Ulaanbaatar, Mongolia /MONTSAME/ Preliminary results of 2011 show that total revenue and grants of the General Government Budget (GGB) amounted to MNT 4,400.6 billion of which a stabilization fund amounted to 241.0 billion, a total equilibrated revenue and grants--to 4,159.6, and a total expenditure and net lending--to 4,792.0 billion, representing a deficit of MNT 632.4 billion in the equilibrated balance of GGB.

EXTERNAL TRADE TURNOVER REACHES USD 1,1307.2 MILLION

Ulaanbaatar, Mongolia /MONTSAME/ In 2011, Mongolia traded with 127 countries, where total external trade turnover reached USD 1,1307.2 million.

AGRICULTURAL SPHERE IN STATISTICS

Ulaanbaatar, Mongolia /MONTSAME/ Last year, Mongolia harvested 446.1 thousand tons cereals, 201.6 thousand tons potatoes and 99.0 thousand tons vegetables.

PRESIDENT GIVES TASKS TO PREMIER ON URGENT MATTERS

Ulaanbaatar, Mongolia /MONTSAME/ On Friday, the State Head Ts.Elbegdorj received the Prime Minister S.Batbold and shared views with him on present situation in Mongolia and proposed some ideas.

STATE PRIZES AWARDED

Ulaanbaatar, Mongolia /MONTSAME/ On occasion of the 20th anniversary of democratic Constitution of Mongolia, some people were awarded on Friday state prizes, in accordance with a decree of the President.

PRESIDENT PARTICIPATES IN PRIZE GRANTING CEREMONY IN MONTSAME

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the President of Mongolia Ts.Elbegdorj granted prizes to winners of the 15th Mongolian script calligraphy state contest.

Using Mongolia’s wealth to spur social development

Using Mongolia’s wealth to spur social development: a comparative approach with resource-abundant countries Kamilia Lahrichi

Mining companies say gold price to peak at $2,000/oz in 2012–PwC

A survey by PricewaterhouseCoopers found 80% of mining companies expect gold to peak at US$2000 per ounce in 2012.

Mongolian Doctors to Train in Seoul

Doctors from Mongolia are heading to Korea to learn from medical practitioners here and introduce themselves to the country's cutting-edge technology and medical know-how.

“Mongolia Open 2012” finishes

Mongolian Free style wrestling Union and “Genco” wrestling club organized “Mongolian Open 2012” competition in Ulaanbaatar on January 14 and 15.

Mongolian president calls for wider use of traditional script

ULAN BATOR, Jan. 16 (Xinhua) -- Mongolian President Tsakhiagiin Elbegdorj on Monday appealed for increased use of the country's traditional script, local media reported.

VOLUNTARY ANNOUNCEMENT

MONGOLIAN MINING CORPORATION (Incorporated in the Cayman Islands with Limited Liability)

China launches its first physical iron-ore trading platform

BEIJING – China launched its first physical iron ore trading platform on Monday in the latest move by the world’s biggest iron-ore consumer to strengthen its pricing power over a raw material long dominated by giant foreign suppliers.

Khan Resources gets info request from TSX

Jan 16 (Reuters) - Canadian uranium explorer Khan Resources said it received a request from the Toronto Stock Exchange to furnish information related to its current business operations.

A yurt Christmas

In the headlong summer rush to Akaroa, a leafy retreat on Banks Peninsula is often overlooked.

Denison Outlines 2012 Operating Plans and Releases Final 2011 Production and Sales Volumes

TORONTO, ONTARIO, Jan 16, 2012 (MARKETWIRE via COMTEX) -- Denison Mines Corp. CA:DML +18.63% DNN -0.63% ("Denison" or the "Company") announces that its 2012 operating plan forecasts production of 1.4 million pounds U3O8 and 0.6 million pounds V2O5 from its operations in the United States.

8 South Koreans arrested over alleged scheme to smuggle gold to Japan in their rectums

SEOUL, South Korea — South Korean customs officials say they have arrested eight men over a scheme to allegedly smuggle gold out of the country by hiding it in their rectums.

Kincora Copper Announces Letter of Intent to Acquire New Mongolian Property

VANCOUVER, BRITISH COLUMBIA, Jan 16, 2012 (MARKETWIRE via COMTEX) -- Kincora Copper Limited CA:KCC +6.90% (the "Company") is pleased to announce that it has entered into a letter of intent with Forbes & Manhattan Inc. ("F & M"), a Canadian merchant bank, and Temujin Mining Corp. ("Temujin"), a closely held private company, whereby the Company would acquire from Temujin all of the issued and outstanding shares of Golden Grouse LLC ("Golden Grouse"), a Mongolian company which holds certain mineral exploration licenses adjoining the Company's Bronze Fox project in Mongolia referred to as the Manlai Licences (the "Acquisition").

Parliament discusses draft education law

Parliament discussed a draft law on education on Friday.

Petroleum importers face fines of MNT20 billion

According to a special meeting decision of the Government on January 13, petroleum importer organizations to be charged due to gasoline increase without basis.

Delegates discuss mining sector development issues

The Ministry of Nature, Environment and Tourism organized a forum on responsible development in mining sector at the Government House over the weekend.

“Mongolia Open 2012” finishes

Mongolian Free style wrestling Union and “Genco” wrestling club organized “Mongolian Open 2012” competition in Ulaanbaatar on January 14 and 15.

MONGOLIA TO ORGANIZE ASIAN YOUTH CHAMPIONSHIPS FOR BASKETBALL

Ulaanbaatar, Mongolia /MONTSAME/ Mongolia has got a right to host the 22nd Asian Youth Championships for Basketball.

BANK OF MONGOLIA REPORTS

Ulaanbaatar, Mongolia /MONTSAME/ The Bank of Mongolia reports that money supply (broad money or M2) at the end of 2011 reached MNT 6,427.2 billion, increasing MNT 304.0 billion or 5.0 per cent against the previous month, and by MNT 1,747.2 billion or 37.3 per cent against the previous year.

NAT'L CONSUMER PRICE INDEX INCREASES

Ulaanbaatar, Mongolia /MONTSAME/ The national consumer price index in December of 2011 increased by 2.0 per cent compared to the previous month, and by 10.2 per cent against the previous year.

PRELIMINARY RESULTS: GDP WENT UP

Ulaanbaatar, Mongolia /MONTSAME/ The preliminary estimates of Gross Domestic Product (GDP) by production approached MNT 10,829.7 billion at current price, MNT 4,881.4 billion at 2005 constant price in 2011, and increased by 27.8 per cent at current price and 17.3 per cent at constant price respectively, against the previous year.

UNEMPLOYMENT RATE AND EDUCATIONAL SECTOR IN FIGURES

Ulaanbaatar, Mongolia /MONTSAME/ The number of unemployed reached 57.2 thousand at the end of 2011, reflecting a 18.9 thousand people increase or 49.5 per cent against the previous year.

Economic Growth will be over 15 percent in 2012

In the year 2012, Mongolian exports will increase according to the National Statistics Committee.

Petroleum importers discuss gasoline price

Petroleum importers have increased gasoline price along tugrik’s rate falling against U.S. dollar ten days ago.

The uncertain road to 2025

Two recent publications—one a white paper, another a book—prognosticate about growth in emerging markets over the long term.

Dinosaur hunter Phil Currie shows no sign of slowing down

DINOSAUR PROVINCIAL PARK - Phil Currie has climbed up and down the sandstone cliffs of Alberta’s badlands so many times over the past 30 years that even on this icy day in December, the lanky 62-year-old paleontologist nimbly leaps from one slippery slope to another without breaking stride.

Representatives of winter cities gathering in Ulaanbaatar

The 15th conference of Livable Winter Cities Association (WCA) is being held at Ulaanbaatar Hotel in Ulaanbaatar from January 13 to 15.

B.Munguntuul to compete in Moscow

Athlete of Aldar Sport Khoroo and Khaan Bank, Mongolian chess grand master B.Munguntuul will compete at Moscow Open from January 26 to February 6.

Zoos Bank matter transferred to court

Ulaanbaatar Prosecutors’ Office has transferred former Zoos Bank matter to Chingeltei district court on Tuesday.

T.BADAMJUNAI ABOUT MEAT SUPPLY

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Food, Agriculture and Light Industry T.Badamjunai gave on Wednesday a report to the cabinet on supply of consumer goods and their market prices.

STATE MUSEUM OF MONGOLIA OPENS

Ulaanbaatar, Mongolia /MONTSAME/ A ceremony took place on Wednesday to open a State Museum of Mongolia in the Government House.

EUROPEAN PARLIAMENT APPRECIATES MONGOLIA'S DECISION

Ulaanbaatar, Mongolia /MONTSAME/ The European Parliament has appreciated a decision made by Mongolia's parliament on ratifying the Second Optional Protocol to the International Covenant on Civil and Political Rights (ICCPR).

FOREIGN MINIISTER RECEIVED BY ZHOU YOUNGKANG

Ulaanbaatar, Mongolia /MONTSAME/ In China with the official visit, the Minister of Foreign Affairs G.Zandanshatar met on Thursday Zhou Youngkang, the member of the Politburo Standing Committee and head of the Central Political and Legislative Committee.

EMBASSY PROPAGANDIZES MONGOLIA IN THAILAND

Ulaanbaatar, Mongolia /MONTSAME/ The Embassy of Mongolia in the Kingdom of Thailand organized on Thursday a measure for propagandizing Mongolia.

Nature, Human, and Mining in Contemporary Mongolia

An inter-disciplinary symposium on Nature, Human, and Mining in Contemporary Mongolia will be held at Hokkaido University in Sapporo, Japan on January 20, 2012.

The Mongolian Tourism Industry and Obstacles to Maximizing Its Potential

Tye Ebel is a member of the 2010/2011 cohort in the Master of Arts Asia Pacific Policy Studies at the University of British Columbia.

Coke says it found fungicide in orange juice

Cola-Cola Co. said Wednesday it found an unapproved fungicide in orange juice made by Coke and its competitors, and alerted federal regulators that some Brazilian growers had sprayed trees with the substance.

S&P downgrades nine euro zone countries

Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.

Italy cruise ship Costa Concordia aground near Giglio

Three people are confirmed dead after a cruise ship carrying more than 4,000 people ran aground off Italy.

Chinese foreign exchange reserves shrink

China’s gargantuan stash of foreign exchange reserves has got a little bit smaller, shrinking in the final quarter of 2011 for the first time in more than a decade.

Dinosaurs roam through the Franklin Institute

Millions of years before humans existed, a different species roamed the land. From “The Flintstones” to “Jurassic Park,” we have seen these creatures depicted on the movie screen and in TV shows for years.

'THE EXTINCTION GENE' IS MORE THAN WORTH A READ

BRADENTON, Fla., Dec. 2, 2009 -- One of the great things about the Internet is that it's encouraged thousands of new writers to self-publish their books, and hundreds of publishers to offer new books by them online and in print.

Russian space probe crashes into Pacific

A Russian space probe designed to boost the nation's pride on a bold mission to a moon of Mars came down in flames Sunday, showering fragments into the south Pacific west of Chile's coast, officials said.

Ivanhoe Sees Mongolia Potential as Doubling its Share Value

Aug. 9 – Ivanhoe Mines Chief Executive Robert Friedland has suggested the company he founded is worth more than double its current value, based on recent deals in the copper sector and the quality of its Oyu Tolgoi mine in Mongolia.

Ulaanbaatar’s two wheeled commitment

Ulaanbaatar could host 143km of cycleway and 99 kickstands in the near future.

Creation of the Constitution remembered

On January 13, a 20th anniversary banquet was held paying tribute to the deputies who were part of the Great Democratic Conference.

Ch.Sodtuya: I did not announce that I was retiring from the fashion industry

The director of Asian Model agency and model, Miss Ch.Sodtuya is respected with her wide knowledge as a model.

Making Coke Affordable in Ice-Cold Mongolia

Editor's note: GlobalAtlanta traveled to Mongolia last year. It is the next country to be featured in our series of Emerging Markets special reports.

Nature, Environment and Tourism Ministry to hold forum

The Ministry of Nature, Environment and Tourism is holding a forum on responsible development at the Government House from January 14 to 16.

Asian Youth Basketball Championship to be held in Ulaanbaatar

The Mongolian Basketball Federation will host the 22nd Asian Youth Basketball Championship at the Buyant-Ukhaa Sport Palace from June 25 to July 7.

Ulaanbaatar Urban Development Planning Office to build cycle way

Architect of Ulaanbaatar Urban Development Planning Office D.Khan-Uul informed that the office has prepared a project to build cycle way in the capital and it has researched construction conditions.

Some MPs prepare a draft law on child money

Some MPs of DP caucus introduced a draft law on child money to Parliament session on Thursday.

President decrees to teach constitutional lesson to students

On Thursday, President Ts.Elbegdorj decreed to teach constitutional lesson to students once in a year with the aim of the constitution honor, formation of legislation respect, knowledge of the constitutional content, ideology, and standards to youth.

MPP Managing Council discusses ministers’ nomination

Relating to DP member ministers’ resignation request, the MPP Managing Council discussed ministerial vacancies issue in the evening of Thursday.

Representatives of winter cities gathering in Ulaanbaatar

The 15th conference of Livable Winter Cities Association (WCA) is being held at Ulaanbaatar Hotel in Ulaanbaatar from January 13 to 15.

Parliament holds a special session

On January 13, Parliament held a special session for 20th anniversary of the constitution ratification and Speaker D.Demberel opened the session with a speech.

NAT'L PROGRAM APPROVED FOR DEVELOPING FAMILIES

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet has approved a national programme on family development support.

MINISTERS SEND LETTER ABOUT LEAVING GOVERNMENT

Ulaanbaatar, Mongolia /MONTSAME/ Working in the coalition Government Democrats delivered a letter of request to S.Batbold PM on Thursday.

End of “Non-Standard” Government

The Democratic Party (DP) left the Coalition Government, now the Mongolian People’s Party will remain in power until the parliamentary elections in June.

More coal gasification progress with new GE technology IGCC plant in South Korea

GE has been selected by Korea Western Power Co (KOWEPO) for the first integrated gasification combined-cycle (IGCC) power plant to be built in South Korea and one of the first in Asia.

World’s top economies in 2050 will be…

The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years.

Ivanhoe Australia receives $30.1 million distribution from Exco Resources’ asset sale

Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), are pleased to announce the receipt of the $30.1 million distribution from Exco Resources Limited.

Twenty illegal workers found in Sydney

TWENTY illegal workers are being held at Villawood Detention Centre after they were nabbed at a construction site in western Sydney.

China, Mongolia to boost ties

The source from the Mongolian embassy in China told China Daily that the investment plan has yet to be approved by the Mongolian congress.

PROGRAM APPROVED TO STABILIZE PRICES

On Wednesday, the cabinet backed in principle a draft program on stabilizing fuels, some consumer goods and transportation prices, after an introduction by Ch.Khurelbaatar, the head of the Cabinet Secretariat of Government.

Forum to focus on Mongolia

REDLANDS - The next Redlands Forum will bring Mongolia to Redlands, through the eyes of Jeffrey Altschul, founder and chairman of Statistical Research, Inc., which has an office in Redlands.

Mongolia coal mine drops HK from IPO for now-sources

HONG KONG Jan 13 (Reuters) - Erdenes Tavan Tolgoi, the state-owned entity charged with developing the giant Tavan Tolgoi coal mine in Mongolia, has decided to drop for now Hong Kong as a venue for its up to $3 billion initial public offering, three sources with direct knowledge of the plans told Reuters on Friday.

China, Mongolia to boost ties

BEIJING Mongolia and China will cooperate in a number of mining and energy projects this year, Gombojab Zandanshatar, the visiting Mongolian Minister of Foreign Affairs and Trade, said in an exclusive interview with China Daily on Thursday.

Vestas is window on stagnant wind market-Gerard Wynn

Jan 12 (Reuters) - Turbulence at Danish wind turbine maker Vestas reflects a flagging sector and demand pressures through 2014, but that only just merits chief executive Ditlev Engel holding his job.

Altan Rio Provides Drilling and Ownership Update on the Chandman Copper-Gold Project

VANCOUVER, BRITISH COLUMBIA, Jan 12, 2012 (MARKETWIRE via COMTEX) -- Altan Rio Minerals Limited ("Altan Rio" or "The Company") is pleased to report that reconnaissance drilling has been completed at the KY porphyry intrusion and adjacent targets at the Chandman copper-gold Project ("Chandman"), part of the combined Chandman-Yol regional exploration project ("Chandman-Yol"), located in Khovd Aimag, western Mongolia.

Mongolia Establishes Price Control Council to Combat Inflation

The Mongolian government has established a price control council tasked with containing the country's rising inflation, local media reported Thursday.

Senior CPC official pledges further cooperation with Mongolia

BEIJING, Jan. 12 (Xinhua) -- Zhou Yongkang, a senior official of the Communist Party of China (CPC), vowed Thursday to enhance mutually beneficial cooperation with Mongolia to further bilateral ties.

Officials give opinions on rising gas prices

Ever since gasoline prices began rising last Friday, government officials and petroleum importers have offered different explanations for the increase.

Ulaanbaatar to cooperate with Chinese railway

Ulaanbaatar Mayor G.Munkhbayar received representatives of the China Railway International Economic Corporation on Wednesday.

Report: Mongolia will export 30 million tons of coal this year

Frontier Securities has released its preliminary report on Mongolia’s economy for 2012.

Mongolia to mark 90th anniversary of mining sector

Mongolia’s Ministry of Mineral Resources and Energy is making plans to commemorate this year’s 90th anniversary of the establishment of the country’s mining sector.

Mongolia asks China for fuel, energy

Foreign Affairs and Trade Minister G.Zandanshatar is on an official visit to China at the invitation of Chinese Trade Minister Yang Jiechi.

Government discusses measures to curb inflation

At the Government meeting on Wednesday, members discussed measures to fight inflation, especially rising gasoline prices.

Government establishes price-control council

At Wednesday’s meeting of the Government, Chief of Cabinet Secretariat Ch.Khurelbaatar submitted a proposal to stabilize the prices of gasoline, some foods, and public transit fares.

Some gasoline prices reduced by MNT 50 per liter

Some petroleum importers have reduced the price of a liter of gasoline by MNT 50. Officials of the companies gave no reason for the price reduction.

20TH ANNIVERSARY OF MONGOLIA-KAZAKHSTAN RELATIONS TO BE MARKED

Ulaanbaatar, Mongolia /MONTSAME/ On Tuesday, the ambassador extraordinary and plenipotentiary of Kazakhstan to Mongolia Mr. Orman Nurbayev gave a report to the media on occasion of the 20th anniversary of the Mongolia-Kazakhstan diplomatic relations to be marked on January 22.

MPP FACTION: DOLLAR RATE WAS NOT REASON FOR PRICE BOOST

Ulaanbaatar, Mongolia /MONTSAME/ On Tuesday, the faction of the Mongolian People's Party (MPP) at the State Great Khural received the conclusions from two working groups who had inspected meat processing factories, Ministry of Mineral Resources and Energy and fuel importers.

CERTIFICATES GIVEN TO MOST GENEROUS ENTERPRISERS

Ulaanbaatar, Mongolia /MONTSAME/ Certificates of honor have been granted to enterprisers that collected the biggest amount of money in the Human Development Fund (HDF) through which people receive benefits derived from the mineral resources.

WHAT SAYS FRONTIER SECURITIES SURVEY

Ulaanbaatar, Mongolia /MONTSAME/ A survey shows that the coal export of Mongolia is expected to reach USD 2.75 billion by the year 2012.

UB TO HOST WINTER CITIES ASSOCIATION'S FORUM

Ulaanbaatar, Mongolia /MONTSAME/ Ulaanbaatar city will host the 15th Conference of the World Winter Cities Association for Mayors (WWCAM) on January 13-15, 2012.

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia, /MONTSAME/ A decision was made on January 11 at the cabinet meeting to free D.Sugar from the post of head of the State property committee at his own request.

G.ZANDANSHATAR MEETS COMMERCE MINISTER OF CHINA

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Foreign Affairs of Mongolia G.Zandanshatar arrived on Wednesday in Beijing with official visit to China.

Zandanshatar meets with Chinese Trade Minister

G.Zandanshatar, Minister for Foreign Affairs and Trade is on an official visit to China at the invitation of Chinese Foreign Minister Yang Jiechi.

China in the Asia-Pacific Region

China playing active role in developing friendly co-operation in Asia-Pacific.

Ivanhoe Energy's interest in China's Zitong Block to be sold to Royal Dutch Shell subsidiary for cash proceeds of up to US$160 million

Transaction will enable Ivanhoe Energy to finance and advance its core heavy oil business

Canada PM to visit China, seek deeper economic ties

(Reuters) - Canadian Prime Minister Stephen Harper plans to visit China next month as his government looks to open new markets for oil sands crude in the wake of Washington's decision to delay approval of a major pipeline from Alberta to Texas.

China May Idle Most Aluminum Capacity Since 2009 on Prices: Commodities

Chinese aluminum smelters may idle their annual capacity by one-third, the most in three years, as energy costs soar and prices slump.

Silk Road Management launches Silk Road Australia Index

Silk Road Management has launched the Silk Road Australia Index (SILKAU), a debut benchmark that includes largest Mongolia and Central Asia-focused companies with listing on the Australian Stock Exchange (ASX).

FLSmidth wins greenfield copper concentrator contract for mine in Mongolia

FLSmidth has been awarded a contract worth approx. USD 105 million (approx. DKK 600 million) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.

Chinese, Mongolian foreign ministers meet to discuss bilateral ties

BEIJING, Jan. 12 (Xinhua) -- Foreign Minister Yang Jiechi on Thursday held a talk with his Mongolian counterpart Gombojab Zandanshatar in Beijing.

10 Crazy-Ass Adventures You Never Knew Indiana Jones Went On

Like Star Wars , the Indiana Jones franchise has an extensive expanded universe.

Mongolia, Japan to cooperate in defense

ULAN BATOR, Jan. 11 (Xinhua) -- The defense ministry of Mongolia and the defense agency of Japan signed a Memorandum of Understanding on cooperation Wednesday, according to the press service of the Mongolian president's office.

Invaders to rock Hobart

GET ready to rock Genghis Khan-style Hanggai have hit Hobart to conquer this year's MONA FOMA festival.

Mongolia, Japan to Cooperate in Defense

The defense ministry of Mongolia and the defense agency of Japan signed a Memorandum of Understanding on cooperation Wednesday, according to the press service of the Mongolian president's office.

P.Lkhamdegd, G.Mandakhnaran named Rio Tinto ambassador athletes

Rio Tinto named two athletes with hopes of success in the 2012 London Olympics as “ambassador athletes” on Monday.

Microbuses raise fares large buses won’t

Microbuses raised their fares from MNT 700 to MNT 1,000 last Saturday due to rising fuel prices.

Ye.Sagsai: Police managing officials will be investigated further

Additional investigation into the events of July 1, 2008 has been completed and the case has been forwarded to the Ulaanbaatar Prosecutors’ Office (UPO) by order of the State General Prosecutor.

MPP caucus discusses gas prices, politics

The MPP caucus met on Tuesday and discussed rising gasoline prices and the current political situation in the country.

Mongol Bank president blames petroleum importers

Mongol Bank President L.Purevdorj spoke at a meeting of the Standing Committee on Economics on Tuesday.

CTU demands measures to stem tugrik’s fall

The DP on Monday demanded the resignation of Mongol Bank President L.Purevdorj, blaming him for the rising prices of gasoline and consumer goods.

DP chairman issues note slamming MPP

The DP’s National Consultative Committee is meeting at the Government House. In a note, DP Chairman N.Altankhuyag has stated his rationale for pulling the party out of the coalition government.

Kh.Battulga says N.Altankhuyag is playing politics

Road, Transportation and Urban Development Minister Kh.Battulga spoke at a meeting of the DP’s National Consultative Committee on Wednesday.

FOREIGN MINISTER TO PAY CHINA VISIT

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Foreign Affairs G.Zandanshatar will pay an official visit to the People's Republic of China (PRC) on January 11-15, 2012.

BOTH FACTIONS DISCUSS FUEL PRICE SOAR

Ulaanbaatar, Mongolia /MONTSAME/ The faction of the Mongolian People's Party (MPP) discussed on Monday fuel price soar.

FRANCE APPRECIATES MONGOLIA'S STEP TOWARDS ABOLISHING DEATH PENALTY

Ulaanbaatar, Mongolia /MONTSAME/ France's Ministry of Foreign and European Affairs has highly spoken an approval the Mongolian parliament gave to decision to abolish the capital punishment by ratifying the Second Additional Protocol to the International Covenant on Civil and Political Rights.

MTU: BANK OF MONGOLIA IS GUILTY

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian Trade Unions (MTU), the United Association of Employers and the United Association for Societies of Protecting Interests of Mongolian Consumers have stressed that the Bank of Mongolia is guilty of a sudden fuel prices soar.

Environmental Concerns Loom as Mongolia Mines Boom

Southern Mongolia is fast transforming from a great wilderness to “Minegolia”, thought to contain the world’s biggest deposit of coking coal.

Nations at risk of ‘resource curse’ pose wider dangers

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Wikileaks 2009, Minton: 45 DAYS AND COUNTING: MONGOLIA’S PRESIDENTIAL ELECTION

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How the West is wholly missing China’s geopolitical focus

Alexandros Petersen is Advisor with the European Energy Security Initiative at the Woodrow Wilson International Center for Scholars in Washington, DC, and the author of The World Island: Eurasian Geopolitics and the Fate of the West.

Pyongyang to preserve Kim for posterity

SEOUL - There is little doubt about what is going to happen to late North Korea leader Kim Jong-il's body; there is an established tradition going back to the early days of the Soviet Union of what should be done.

Mongolia, U.N. agencies sign deals to realize MDGs

ULAN BATOR, Jan. 10 (Xinhua) -- The Mongolian government Tuesday signed agreements with the United Nations Development Program (UNDP) and the United Nations Population Fund (UNFPA) on realizing Millennium Development Goals (MDGs) in Mongolia.

Kuwaiti ambassador meets with Mongolian President

ULAN BATOR, Jan 10 (KUNA) -- Kuwait's Ambassador to Mongolia Mubarak Mohammad Al-Sehaijan has met with Mongolian President Tsakhiagiin Elbegdorj, on occasion of the New Year.

Professor, Youths Track Climate Change Globally

The human race has been considered a race of hunter–gatherers. Groups that lived inland hunted wild animals and when the opportunity presented itself, they fished in lakes and rivers.

Helping Wild Horses Survive Extreme Weather In Mongolia

Winters in theGobi desert are usually long and very cold but the winter of 2009/2010 was particularly severe, a conditionMongolians refer to as “dzud”. Millions of livestock died in Mongolia and the re-introduced wild Przewalski’s horsepopulation crashed dramatically.

Entree Discovers New High Grade Gold Zone at Shivee West, Mongolia

VANCOUVER, BRITISH COLUMBIA, Jan 10, 2012 (MARKETWIRE via COMTEX) -- Entree Gold Inc. CA:ETG +5.98% EGI +0.98% (frankfurt:EKA) ("Entree" or the "Company") has received final results from the recently completed work program on its 100%-owned Shivee West project in Mongolia.

CORRECTION FROM SOURCE: Entree Discovers New High Grade Gold Zone at Shivee West, Mongolia

VANCOUVER, BRITISH COLUMBIA, Jan 10, 2012 (MARKETWIRE via COMTEX) -- The following corrects and replaces the release sent today at 4:11 pm ET. In the table, the figure 769 was changed to 69.

Mongolia’s Quest to Balance Human Development in its Booming Mineral-Based Economy

Mongolia—long ignored by Asia specialists as a sleepy nomadic ex-Soviet satellite—finally burst onto the world economic scene in 2011 when exploitation of its vast mineral deposits led it to a 6.7 percent economic growth rate that was 2nd highest in the world.

Japan, Mongolia sign memo to boost defense cooperation

ULAN BATOR (Kyodo) -- Japanese Defense Minister Yasuo Ichikawa and his Mongolian counterpart Luvsanvandan Bold signed a memorandum Wednesday to boost defense cooperation between their nations via subcabinet-level dialogue and other exchanges.

Election academy demands report on coalition government

The election marketing and management academy is demanding the Government report on whether the DP has formally withdrawn from the ruling coalition.

Mongolia has fuel reserve for 30 days

On Monday, Mineral Resources and Petroleum Authority Chairman D.Amarsaikhan said the state has gasoline and diesel reserves for 30 days.

MPRP and MNDP agree to nine-year alliance

At its conference on January 6, the Mongolian National Democratic Party (MNDP) decided to establish a political alliance with the Mongolian People’s Revolutionary Party (MPRP).

PM quizzes officials about rising prices

On Monday, Prime Minister S.Batbold questioned Mineral Resources and Petroleum Authority (MRPA) Chairman D.Amarsaikhan and Food, Agriculture and Light Industry Minister T.Badamjunai about rising fuel and meat prices.

Report: Mongolia could generate 2.6 million megawatts of clean energy

Mongolia has the potential to generate 2.6 million megawatts of wind, solar, geothermal and hydropower, based on data collected by the U.S. National Renewable Energy Laboratory and the Mongolian National Renewable Energy Center.

“Democratic Constitution – 20” forum opens

A research forum called “Democratic Constitution-20” is being held in the Government House on Tuesday.

What will DP National Consultative Committee decide?

The DP’s National Consultative Committee (NCC) will hold a meeting on Wednesday to decide whether the party will pull out of the coalition government.

Standing Committee discusses gasoline prices

The Standing Committee on Economics heard a report about rising gasoline prices from a working group headed by Deputy Mineral Resources and Energy Minister B.Ariunsan.

Mongolian scholar returns from Antarctic

L.Dugerjav, a science professor and head of the Antarctic Association of Mongolia, has arrived home after a two-month research trip to the Antarctic. He talked with journalists about his trip at a press conference on Tuesday.

AMNESTY INTERNATIONAL APPRECIATES PARLIAMENT'S APPROVAL

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian parliament's approval of a bill that aims to scrap the death penalty is a vital step towards full abolition of the death penalty in Mongolia, Amnesty International said Thursday.

TRAINING HELD FOR NEW AMBASSADORS

Ulaanbaatar, Mongolia /MONTSAME/ The Ministry of Foreign Affairs organized last Friday one-day training-seminar for its "new" diplomats.

HEAD OF CRIMINAL CHAMBER APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ In accordance with a decree of the President Ts.Elbegdorj, Nyamjav Sandagiin has been appointed a head of the Criminal chamber at the Supreme Court of Mongolia.

FUEL IMPORTERS INCREASE PRICE

Ulaanbaatar, Mongolia /MONTSAME/ Due to a soar of the U.S dollar's rate against Mongolian togrog (MNT), the fuel importers such as the NIC, MT and others augmented the price of fuels by MNT 260-300, from last Friday.

D.BATTULGA RECEIVES HAZARA STUDENTS

Ulaanbaatar, Mongolia /MONTSAME/ Hazara students studying in Mongolia have stressed that they are very glad to hear the Mongolian President's appeal to all the Mongolians to return home, made on the eve of New year.

Key political risks to watch in Mongolia

ULAN BATOR Jan 9 (Reuters) – Mongolia sits on vast quantities of untapped mineral wealth, the exploitation of which is likely to turn it into one of the world’s fastest growing economies over the next decade.

DRAFT LAW ON AIDS/HIV PREVENTION SUBMITTED

A parliamentarian D.Ochirbat submitted on Tuesday a draft law on AIDS/HIV prevention to the Speaker D.Demberel.

How to Improve Governance in Mongolia?

Developing countries must work through two challenges.

How Is China Viewed In Mongolia?

The Western literature and occasional articles like one in The Guardian ( 2 August 2010 ) refer to a deep-seated, traditional, historic, high-degree of anti-Chinese attitudes in Mongolia.

10th International Congress of Mongolists

The 10th International Congress of Mongolists met Aug 9-13 2011 in Ulaanbaatar and I was privileged to have been invited to attend and was able to do so with some help from the Canadian Dept of Foreign Affairs and International Trade.

PRESIDENT: WE MUST PAY ATTENTION TO MONGOLIANS ABROAD

The President of Mongolia Ts.Elbegdorj has addressed a consultative meeting dedicated to the contribution of the Mongolians in the world to the socio-economic and cultural development of Mongolia.

THE GIFT OF GRATITUDE

BRADENTON, Fla., Dec. 2, 2009 -- One of the great things about the Internet is that it's encouraged thousands of new writers to self-publish their books, and hundreds of publishers to offer new books by them online and in print.

Fisher: Canada playing bigger role on world stage, at last

BERLIN — One persistent Canadian myth is that the country has a marvellous international reputation.

Currency depreciation raises concerns over Mongolian economy

ULAN BATOR, Jan. 9 (Xinhua) -- The Mongolian tugrik has fallen to a 22-month low against the U.S. dollar last week, triggering concerns about the health of the country's economy.

Garrison Announces Name Change and Share Consolidation

TORONTO, ONTARIO, Jan 09, 2012 (MARKETWIRE via COMTEX) -- Garrison International Ltd. ("Garrison" or the "Company") is pleased to announce that effective today the Company's name has been changed to "Desert Eagle Resources Ltd." and the Company's common shares will trade on the TSX Venture Exchange under its new ticker symbol, "DER".

Discovering Mongolia

The most fascinating stop on my Trans-Siberian Railroad journey across northern Asia was Mongolia, a country steeped in ancient history and the lore of Genghis Khan, a man who created a global empire.

Mongolian music conquers the world

My visit to Mongolia coincided with the country's National Day and its biggest celebration, the Naadam Festival.

Who will be nominated for ministerial vacancies?

If the DP officially pulls out of the coalition government, there will be vacancies for six ministers and seven deputy ministers.

MP Ts.Sedvanchig sends query to PM about rare metals mining

MP Ts.Sedvanchig has sent a query to Prime Minister S.Batbold about rare metals exploration and exploitation operations.

SSC, ICTPA to cooperate on IT issues

The State Service Council (SSC) and the Information, Communications Technology and Post Authority (ICTPA) have agreed to cooperate on information technology (IT) issues.

Anti Corruption Authority officials meet with UN representative

N.Ganbold, the head of the Anti Corruption Authority (ACA) received Sezin Sinanoglu, the United Nations resident coordinator and UNDP resident representative in Mongolia, on January 6.

CTU demands meeting to discuss rising gas prices

The Confederation of Trade Unions (CTU) held a press conference about rising gas prices on Sunday.

MPs send query to minister about fuel price increase

On Monday, MPs S.Byambatsogt and J.Sukhbaatar sent a query to Mineral Resources and Energy Minister D.Zorigt about rising fuel prices.

CIVIL HALL TO RUN OPEN DISCUSSION

Ulaanbaatar, Mongolia /MONTSAME/ The Civil Hall at the President will run an open discussion titled "Ensuring budget transparency and making the budgetary performance information open for the public rule".

PRESIDENT RECEIVES HEADS OF DIPMISSIONS

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj received on Monday ambassadors, charge d'affaires of the embassies and permanent representatives of international organizations in Mongolia to pass them the New Year greetings.

BIRTH ANNIVERSARY OF CHINGIS KHAAN TO BE CELEBRATED

Ulaanbaatar, Mongolia /MONTSAME/ On Monday, the State Head issued a decree to celebrate the 850th birth anniversary of Chingis Khaan Temuujin this year.

Erdenes Tavan Tolgoi mulls dropping Hong Kong portion of USD 3bn IPO

Erdenes Tavan Tolgoi, the Mongolian company developing the world’s largest untapped coking coal deposit, is considering dropping the Hong Kong portion of its USD 3bn initial public offering, two sources familiar with the situation told dealReporter.

OUTRAGEOUS PREDICTIONS 2012:THE PERFECT STORM

Generating this year’s Outrageous Predictions has been even more of a pleasure than usual, as it seems that never before have there been so many path uncertainties for the future, so we have had an infinite variety of scenarios to draw on.

CANADA’S CEO ELITE 100:Robert Friedland, Ivanhoe Mines-10,314,843 USD

If you’re looking for Canada’s richest 1%, the compensation tables in the proxy circulars of Canadian publicly listed corporations are a good place to start.

Copper-bottomed

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New King Coal

Paul Moore takes a look at the positive general coal mining and coal demand trends globally; some key developments in the coal equipment supply area; then homes in on four coal hotspots where a number of new projects are underway or in development: Mozambique, Mongolia, Kazakhstan and Indonesia

Meet the Big Brother Screening Your Social Media for Employers

Turn off your Twitter feed. Hide your Flickr photos. Remove your YouTube videos. And change your Facebook privacy settings (if you can figure out how).

Wikileaks, 2008, Minton: DISAGREEMENT CRESTS BETWEEN MONGOLIAN PARTIES OVER

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Mega Trends 2012 and their Impacts

To arrive at an outlook for the year ahead we first need to analyze the big trends that endure for decades and in some cases even longer.

Analysis: For euro zone, the heat is on again

The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.

Top stories of the day: China power and coal-Jan. 9

BEIJING, Jan 08, 2012 (Xinhua via COMTEX News Network) -- Top stories of China's power and coal industries on January 9 as follow:

Information center of OyuTolgoi Project opened

An information center is now open to anyone who wants to acquaint with creation process of Oyutolgoi Project, Mongolian mining department development and history.

Japan PM to sack ministers in reshuffle: reports

TOKYO — Japan's Prime Minister Yoshihiko Noda plans to sack two troublesome ministers in a cabinet reshuffle as he bids to clear the way for tax increases, according to reports.

The horse boy

How far would you go to heal someone you love? Poonam Jain brings us the touching story of a father who travels the ends of the earth to bring sunshine into his autistic son's life and who, in the process, finds enrichment.

Mongol Bank holds foreign currency auction

Mongol Bank on Thursday sold USD 66.35 million in a foreign currency auction at a rate of MNT 1,414. The amount was 78.7 percent of the tendered amount.

Fuel prices spikes linked to inflation and Russian oil tax reform

After being informed that fuel prices would increase by 300 MNT, all Mongolians with vehicles stood in queue at the petrol stations.

Elderly and disabled to receive MNT 1 million before Tsagaan Sar

The Government will distribute MNT 1 million to each elderly or disabled person in the country beginning in February.

Domestic demand for meat rising, cutting into exports

Growing domestic demand led to a decrease in Mongolia’s meat exports in 2011.

Mongolia grapples wrestling tournament record

A new record for the largest Mongolian wrestling tournament was set recently when 6,002 competitors descended on the nation"s capital of Ulaanbaatar for the biggest contest of its kind.

DP MPs discuss party’s decision to leave coalition government

DP Chairman N.Altankhuyag announced on Thursday that the DP is pulling out of the coalition government, though the party’s National Consultative Committee has not yet met to formally approve the move.

Parliament discusses anti-corruption amendments

Parliament discussed draft amendments to the Criminal Law on Friday. The draft amendments were submitted by MP Kh.Temuujin and address anti-corruption issues.

Mongol Bank holds foreign currency auction

Mongol Bank on Thursday sold USD 66.35 million in a foreign currency auction at a rate of MNT 1,414.

CTU may take South Gobi Sands LLC to international court

South Gobi Sands LLC fired 49 workers on December 20, 2011. The company says the firings were legal and for budgetary reasons.

NAT'L INSTITUTE TO BE ESTABLISHED

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet made on Wednesday a decision to establish animals and plants national institute in Erdene soum of Tov aimag.

AMBASSADOR OF FRANCE PRESENTS DIPLOMATIC CREDENTIALS

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of the Republic of France to Mongolia Mr. Yves Delune presented on Friday his letter of credence to the President Ts.Elbegdorj.

PARLIAMENTARY DELEGATION TO ATTEND APPF'S MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A parliamentary delegation of Mongolia led by N.Enkhbold, a Vice Speaker of parliament, will participate in the 20th Annual Meeting of the Asia Pacific Parliamentary Forum (APPF).

Mongolia Energy Corp : Termination of a Major and Connected Transaction Relating to Acquisition of Resources in Xinjiang, the PRC and Operation Update

MONGOLIA ENERGY CORPORATION LIMITED(Incorporated in Bermuda with limited liability) (Stock Code: 276) ANNOUNCEMENT TERMINATION OF A MAJOR AND CONNECTED TRANSACTION RELATING TO ACQUISITION OF RESOURCES IN XINJIANG, THE PRC ANDOPERATION UPDATE

How is the mining boom affecting the macroeconomic stability and competitiveness of Mongolia?

Mining has just started booming in Mongolia. In six years mineral exports increased by almost 4 times from little over 1 billion to 4 billion US dollars.

Environmental Movements in Mongolia

Environmental movements are an organized expression of heterogeneous concerns over environmental risks and problems.

Mongolia takes ‘vital step forward’ in abolishing the death penalty

The Mongolian parliament’s approval of a bill that aims to scrap the death penalty is a vital step towards full abolition of the death penalty in Mongolia, Amnesty International said today.

Extreme winter in Mongolia devastated Przewalskia’s horse population

December 2011. Winters in the Gobi desert are usually long and very cold but the winter of 2009/2010 was particularly severe, a condition Mongolians refer to as “dzud”.

Wikileaks, 2008, Minton: J.Enkhbayar, MP, Candidate Profile: On the Campaign Trail–The Mongol Way

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Secondary Sources: Global Growth, Housing and Recovery, Stimulus Spending

– Global Growth: The Economist looks at the outlook for growth around the world for 2012.

THIS YEAR'S TARGET IS A FAMILY DEVELOPMENT

The year of 2012 is to be fully dedicated to the deeds of Supporting Family Development as a continuation of the Year of Supporting Employment announced last year.

Former Burnley FC director receives highest Mongolian honour

Burnley’s UCFB College of Football Business could be set for an influx of Mongolian students, following a major award scooped by a former Clarets’ director.

Mongolia's Renewables Belittle World's Nuclear Supply

Untapped mineral riches are fueling Mongolia’s ambition to compete with Australia and Brazil in Asia .

Railway transportation tariff to increase

The Mongolian National Transportation Agencies Union says railway transportation organizations in Mongolia will increase the transportation tariff.

Taiwanese diplomat discusses relations with Mongolia

Edmund Tseng, outgoing head of the Taipei Trade and Economic Representative office in Ulaanbaatar, recently spoke with our correspondent about relations between Taiwan and Mongolia.

Standing Committee discusses student stipends

The Standing Committee on Budget discussed proposed amendments to the Government’s treasury fund on Tuesday.

Speaker receives Japanese parliamentary delegation

Speaker D.Demberel received a delegation headed by S.Eda, a leader of the Japan-Mongolia friendship group in Japan’s House of Representatives, on Tuesday.

Fired workers stage protest at South Gobi Sands

Representatives of 49 workers recently fired from South Gobi Sands LLC met with company officials Wednesday morning.

MT Drilling discusses oil exploration plans

Domestically-financed MT Drilling LLC, a branch of the MT Group, has revealed its plans for oil exploration in Mongolia.

Road and transportation sector creates 3,000 jobs

The Road and Transportation Office says new road construction and other projects generated 3,000 new jobs in 2011.

Standing Committee accepts Constitution Court ruling

The Standing Committee on Social Policy, Education, Culture and Science discussed on Wednesday a Constitution Court ruling that found some provisions of the laws on tax exemption and social insurance violate the Constitution.

MONGOLIAN EMBASSY GIVES RECEPTION IN KUWAIT

Ulaanbaatar, Mongolia /MONTSAME/ The Embassy of Mongolia in Kuwait has given a reception.

MONGOLIAN CONSULATE OPENS IN SHANGHAI

Ulaanbaatar, Mongolia /MONTSAME/ The Consulate of Mongolia has opened in Shanghai city of the People's Republic of China.

CHINA GIVES NON-REFUNDABLE AID TO MONGOLIAN FRONTIER SERVICE

Ulaanbaatar, Mongolia /MONTSAME/ An agreement on a non-refundable aid of CNY 4 million and a protocol of CNY 2 million have been established.

S.Batbold: The Coalition Government has unfinished Business

After the DP Chairman N.Altankhuyag’s announcement to leave the coalition government today the Prime Minister and Chairman of MPP S.Batbold responded to the matter.

2012 Mining Predictions

What does the new year hold for mining? If we truly knew, we would grow rich; we would buy and sell at the right time; and we would buy the right stock in the right commodities just before the price rose.

"COAL MONGOLIA 2012" TO RUN NEXT MONTH

An international forum titled "Coal Mongolia-2012" will take place on February 9-10 in Ulaanbaatar city.

Wikileaks 2008, Minton:MONGOLIAN DEMOCRACY IN ACTION: PARTIES MULL JUNE 29

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Standing Committee discusses proposed ban on mining licenses

On Tuesday, the Standing Committee on Economics discussed President Ts.Elbegdorj’s proposal to ban the issuing of new mining exploration licenses.

China copper smelters, BHP set 2012 copper contracts at $60/6 cents

China’s copper smelters and global miner BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 US cents a pound, trade and smelter sources said on Wednesday.

Growth in 2012

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Iron ore fall raises doubts on Australia mine tax plan

Australia’s politically charged mining profits tax could raise less of the initial A$11 billion Prime Minister Julia Gillard is promising if iron ore prices return to November levels, accountants BDO warned in a senate submission.

Entree Gold Closes Over-Allotment Option

VANCOUVER, BRITISH COLUMBIA — Entree Gold Inc. (TSX:ETG)(NYSE Amex:EGI)(FRANKFURT:EKA) ("Entree" or the "Company") has closed its previously announced sale of 1,150,000 shares at a price of $1.25 per share (the "Offering Price") to the underwriters pursuant to the exercise of their over-allotment option.

Copper concentrator for new mine in Mongolia

Danish headquartered multinational mineral processing and materials handling group, FLSmidth, which has much of its minerals processing manufacturing and technology base in North America., has been awarded a contract worth approximately $US 105 million from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.

Chinese top visitor numbers in Mongolia in 2011

ULAN BATOR, Jan. 3 (Xinhua) -- China was the top foreign source of tourists to Mongolia in 2011, local media reported Tuesday.

Attached Open Letter from Mr. Bill Gorman who has completed his assignment at the MSE for the London Stock Exchange

BCM strongly supports the passing of the draft Securities Law in this session of Parliament. The MSE's development urgently requires this legislation on a timely basis.

President talks past, present, and future at honor assembly

On December 28, the State Great Khural assembled in honor of the 100th anniversary of the Mongolian Revolution of 1911. Since 2007, Mongolia has celebrated the anniversary of this historical revolution.

DP considers pulling out of coalition government

There are reports that the Democratic Party will pull out of the coalition government, perhaps as soon as Tuesday.

Canadian court to hear Mongolian uranium mining case

Canada’s Ontario Superior Court has scheduled for January 24 a hearing in a lawsuit filed by Khan Resources, a Canadian corporation involved in uranium exploration and development, against Russian uranium producer Atomredmetzoloto JSC (ARMZ), according to the Russian Legal Information Agency.

Mongolian stock market second-highest performing in 2011

According to a survey by the website businessinsider.com, the Mongolian stock market was the second-best performing exchange in the world in 2011, finishing the year up a whopping 32.6 percent.

Year-End Letter From CEO and Chairman of Prophecy Coal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) - Prophecy Coal Corp. ("Prophecy") (TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) (the "Company") is pleased to present the following year-end letter from John Lee, CEO and Chairman of Prophecy:

American delegation talks judicial reform in Mongolia

A delegation from a law school in the U.S. state of Texas recently completed a trip to Mongolia to talk about judicial reform.

Investment group: Mongolia “remarkably unaffected” by European debt crisis

In his monthly letter to shareholders, the head of the Canadian investment group Mongolia Growth Group (MGG) says Mongolia “seems remarkably unaffected by the debt crisis in Europe.”

800 year collection arrives in Mongolia

The Ministry of Education, Culture and Science bought 52 pieces of coins which is with stamps and names of ancient khans and the first banknote which emitted in Yuan State period.