Saturday, March 31, 2012

President sent a proposal to the Cabinet

President Tsakhia Elbegdorj have worked in Umnugovi, Dornogovi and Dundgovi province in last February. 

Training of teachers begans

Last year Mongolia started to follow education standard of the University of Cambridge International Examinations (CIE) in three secondary schools- “Shine Erin”, “Shine ekhlel” and “Temuulel”.

The MCA is a member of WCA

The Mongolian Coal Association (MCA) has entered as member of the World Coal Association (WCA).

Police officials hearing postpones again

The hearing of senior officials scheduled today has been postponed again because of lawyers of defendants refused.

U.S. Joins List of Countries That Fail to Effectively Implement Money-in-Politics Rules

WASHINGTON, March 30, 2012 /PRNewswire via COMTEX/ -- 29 out of 31 countries assessed fail at enforcing political finance laws, regardless of how weak or strong their regulations

Entree Gold Announces Fiscal Year 2011 Results and Reviews Corporate Highlights

VANCOUVER, BRITISH COLUMBIA, Mar 30, 2012 (MARKETWIRE via COMTEX) -- Entree Gold Inc.CA:ETG 0.00% EGI +4.00% (frankfurt:EKA) ("Entree" or the "Company") has today filed its annual operational and financial results for the year ended December 31, 2011.

Prophecy Coal to raise $800 million for Mongolia power plant

Canadian energy firm Prophecy Coal Corp expects to raise $800 million in debt and equity financing by September to build a coal-fired 600-megawatt power plant in Mongolia, and expects to conclude a power purchase agreement with the Mongolian government by May, a senior executive said.

AS MONGOLIA BOOMS, GERMANY WANTS A SLICE OF THE CAKE

MONGOLIAN PRESIDENT TSAKHIA ELBEGDORJ IS IN GERMANY.

All Aboard for Mongolia

The Trans-Mongolian Railway leaves in the dead of night.

Friday, March 30, 2012

Rio says trade, private equity eye aluminum assets

Rio Tinto has seen "quite a lot" of interest in aluminum operations earmarked for sale last year, despite tough market conditions, and is preparing the estimated $8-billion of assets for a variety of options, including a stock listing.

An equal partnership

There is another reason why Mongolia is interested in expanding its cooperation with Germany.

10th Mongolian-German Forum held

As most of the delegates at the 10th Mongolian-German Forum organized by the center-right Konrad Adenauer Foundation in Berlin agreed on Wednesday, March 28, 2012, current cooperation between the two countries in terms of natural resources is currently at a very low level indeed.

Minister informed investors on energy sector

State Property Committee have informed investors who interested on construction of new power station.

More land to be privatized

By the parliament decision every citizen owns 0.07 ha land free of charge. Citizens can apply for land till next year.

CONFERENCE IS EXPECTED ON WOMEN'S PARTICIPATION IN ASIAN POLITICS

Ulaanbaatar, Mongolia, /MONTSAME/ Ulaanbaatar will host the international Conference to increase women's representation in Asian Politics on April 3-4 in Chinggis Khaan hotel.

SWIMMERS TO COMPETE IN LONDON BY WILD CARD

Ulaanbaatar, Mongolia /MONTSAME/ The International Federation of the Aquatic Sports (FINA) has awarded Mongolians rights to compete in the London Olympic Games.

STATE SECRETARY MEETS CZECH AMBASSADOR

Ulaanbaatar, Mongolia /MONTSAME/ The State Secretary of the Ministry of Foreign Affairs B.Batkhishig received on Wednesday Mr. Vaclav Jilek, the Ambassador Extraordinary and Plenipotentiary of the Czech Republic to Mongolia.

PRESIDENT TS.ELBEGDORJ RECEIVES FRG MINISTERS

Ulaanbaatar, Mongolia /MONTSAME/ In Germany with the state visit, the President of Mongolia received on Thursday Norbert Lammert, the President of the Bundestag, and then Philipp Rosler, the Federal Minister of Economics and Technology and the Vice Chancellor of Germany.

STATE HEAD RECEIVES CHANCELLOR ANGELA MERKEL

Ulaanbaatar, Mongolia /MONTSAME/ In frames of the state visit to the Federal Republic of Germany, the President of Mongolia received on Thursday Ms. Angela Merkel, the FRG Chancellor.

PRESIDENT AND CHANCELLOR RELEASE JOINT COMMUNIQUE

Ulaanbaatar, Mongolia /MONTSAME/ At the Office of Federal Chancellor in Berlin, the President of Mongolia Ts.Elbegdorj and Germany's Chancellor Angela Merkel issued a joint communique on Tuesday.

FOREIGN MINISTER ADDRESSES MONGOLIA-GERMANY FORUM

Ulaanbaatar, Mongolia /MONTSAME/ Accompanying the President Ts.Elbegdorj in his state visit to the Federal Republic of Germany (FRG), the Minister of Foreign Affairs G.Zandanshatar addressed a conference of the Mongolia-Germany Forum held on Thursday in Germany.

GERMANY PRESIDENT MEETS TS.ELBEGDORJ

Ulaanbaatar, Mongolia /MONTSAME/ The President of the Federal Republic of Germany (FRG) Joachim Gauck and his spouse officially received on Thursday the State Head of Mongolia Ts.Elbegdorj and his spouse Kh.Bolormaa in the Bellevue Palace in Berlin.

China Yuan Has First Quarterly Drop Since 2009 on Slowing Growth

The yuan completed its first quarterly decline since December 2009 after Premier Wen Jiabaoset the annual growth target at the lowest level in seven years.

London 2012: best of the web


Cameron takes time out for a spot of badminton

Farmer says goodbye to column

Decades ago, Val Farmer was giving a talk on rural psychology at the South Dakota State Fair in Huron when a reporter approached him to do a story.

Religion in today’s society

The Mongols have held beliefs about the supernatural and spiritual since ancient times.

Archive exhibition held to mark 25th anniversary of Mongolia-U.S. ties

ULAN BATOR, March 30 (Xinhua) -- Mongolia and the United States jointly launched an archive exhibition on Friday to mark the 25th anniversary of diplomatic relations between the two countries.

Indignation in Europe after the death of a Hungarian worker in Mongolia

A plastic bag brought from Ulaanbaatar to Budapest and the story behind its arrival has raised concern and indignation in Hungary, a European country with numerous Mongolian immigrants.

Public Diplomacy and Mongolia

According to the “Guide to the Foreign Service Officer Selection Process” by US Department of State, there are five different Foreign Service Officer Career tracks to choose from and they are Management, Economic, Consular, Political and Public Diplomacy.

PRESIDENT ARRIVES IN GERMANY

Ulaanbaatar, Mongolia /MONTSAME/ The President of Mongolia Ts.Elbegdorj and his spouse Kh.Bolormaa arrived on Wednesday in Berlin to pay a state visit to the Federal Republic of Germany (FRG).

STATE HEAD TO VISIT KYRGYZSTAN

Ulaanbaatar, Mongolia /MONTSAME/ The President Ts.Elbegdorj will pay an official visit to the Kyrgyz Republic on April 3-6 at an invitation of Mr. Almazbek Atambayev, the President of this country.

AIMAGS NEED TO DEVELOP CO-OPERATIVES

Ulaanbaatar, Mongolia /MONTSAME/ The meeting on Wednesday decided to run a campaign of developing co-operatives in localities by backing an initiative of citizens and the National Union of Co-operatives (NUC).

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 meat supply and ob measures for increasing meat reserves.

CH.KHURELBAATAR ABOUT IMPLEMENTATION OF BASIC GUIDELINES

Ulaanbaatar, Mongolia /MONTSAME/ An implementation of the basic guidelines of the socio-economic development of Mongolia stood at 80.1 per cent by the end of 2011, said Ch.Khurelbaatar, a head of the Cabinet Secretariat of Government.

AMBASSADOR J.ENKHSAIKHAN MEETS OSCE OFFICIALS

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Mongolia to Austria and the observer at the Organization for Security and Co-operation in Europe (OSCE) J.Enkhsaikhan has shared views with Mr. Eoin O'Leary, the Permanent Representative of Ireland to the OSCE, on the Mongolia-OSCE cooperation, in Vienna of Austria.

UB MAYOR MEETS AMBASSADORS OF S.KOREA AND CHINA

Ulaanbaatar, Mongolia /MONTSAME/ The Mayor of Ulaanbaatar city G.Monkhbayar met on Wednesday Mr. Lee Tae-run, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Mongolia.

T&T beat Barbados at Worlds

Curtis Humphreys turned around a two-game deficit to outlast Kevin Farley in a five-game thriller, inspiring Trinidad and Tobago to a 3-0 blanking of Barbados and a men's Fifth Division semi-final berth, at the World Team Table Tennis Championships, in Dortmund, Germany, yesterday.

Denison Files Annual Report on Form 40-F

TORONTO, ONTARIO, Mar 29, 2012 (MARKETWIRE via COMTEX) -- Denison Mines Corp. CA:DML -1.95% DNN -1.94% ("Denison" or the "Company") today announced that it has filed its 2011 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC).

SA conveyance safety company awarded Mongolian contract

Horne Conveyance Safety, the Canadian subsidiary of South African Horne Group, has installed Levelok chairing and emergency-braking systems on a cage earmarked for Canada-based international mining company Ivanhoe Mines’ Oyu Tolgoi No 1 shaft, in Mongolia.

Fluorite, Mongolia press rare earth buttons

THERE'S nothing like the convergence of two hot stories - in this case Mongolia and rare earths.

JAPAN APPRECIATES MONGOLIA'S EFFORT TO ABOLISH CAPITAL PUNISHMENT

Ulaanbaatar, Mongolia /MONTSAME/ A coordinator of the Japan Amnesty International NGO (JAI) T.Hayashi has highlighted Mongolia's joning the Second Optional Protocol to the International Covenant on Civil and Political Rights, "which aims to abolish the death penalty".

Mongolian-Sweden consultative meeting held in Stockholm

Consultative meeting between Ministries of Foreign Affairs Mongolia and Kingdom of Sweden took place in Stockholm, capital of Sweden on March 21-22, 2012.

FeOre waits the Mongolian Government approval

FeOre (ASX: FEO) can commence construction of infrastructure and other facilities at the Ereeny Iron Ore Project in Mongolia after receiving government approval for the project’s Feasibility Study.

New railway company to be established

The Cabinet meeting yesterday discussed implementation of the Policy Document on Railway and decided to establish 51 percent state owned company.

MP’s wants investigation on TT

MPs Kh.Battulga and L.Gundalai today gave some documents and facts to the General Prosecutor Office. 

One million MNT to be distributed in three parts

Bounty of up to MNT one million from the Human Development Fund (HDF) will be given to above 60-year men and above 55-year women.

Koreans will supply petroleum to Mongoia

Ministry of Mineral and Energy have a signed long term agreement with South Korean company SK Energy on petroleum supply.

Two more rights for London-2012

Two Mongolian swimming athlete has received a permission to participate London-2012 Olympic games. 

Tsakhia Elbegdorj receives WRG chairman

The President of Mongolia Tsakhia Elbegdorj has started his state visit to Germany on March 28, Wednesday.

Nisvanis Rocks Capital of Mongolian Grunge

For today’s combo Geo Quiz/Global Hit, we’re heading for the capital of Mongolia. This central Asian nation is famed for its arid plains and nomadic culture.

China dominates Asian Women's Boxing Championship in Mongolia

ULAN BATOR, March 25 (Xinhua) -- China dominated the 6th Asian Women's BoxingChampionship, which concluded here on Sunday, with five gold, two silver and threebronze medals.

Newcomers and veterans eye futsal showpiece

Way in advance of the FIFA Futsal World Cup Thailand 2012, which will be held between 1 and 18 November in Bangkok and Nakhon Ratchasima, the first records have tumbled en route to the global showdown, as more nations than ever before went in search of a place at the tournament.

Mongolia to partner with NATO

ULAN BATOR, March 29 (Xinhua) -- Mongolia would further develop its cooperation with NATO under a new partnership program approved recently, Ministry of Foreign Affairs said Thursday.

Erdene Provides Project Updates and Reports Year End Financial Results

HALIFAX, NOVA SCOTIA, Mar 29, 2012 (MARKETWIRE via COMTEX) -- Erdene Resource Development Corp. ("Erdene" or "Company") CA:ERD -2.38% , today provided an update on the Company's principal projects in conjunction with the release of its year-end financial results.

German think tank says it's forced out of UAE

BERLIN (AP) — A pro-democracy think tank with links to German Chancellor Angela Merkel's party said Thursday it is closing its office in Abu Dhabi after officials there ordered that it end its activities in the United Arab Emirates.

Mongolia Strengthens Cooperation with NATO

Ulan Bator, Mar 29 (Prensa Latina) Mongolia is broadening its cooperation with the North Atlantic Treaty Organization under a new partnership program approved recently, according to an official communique released on Thursday in this capital.

Thursday, March 29, 2012

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet at its regular meeting on Wednesday supported drafts on amending the law on small and middle enterprises, on government's special fund, on purchasing goods, jobs and services with the state and regional property.

MONGOLIA AND GERMANY LAUNCH NEGOTIATIONS ON COOPERATION

Ulaanbaatar, Mongolia /MONTSAME/ Negotiations of the Mongolia-Germany intergovernmental cooperation of development started on Monday in Bonn, Germany.

FOREIGN MINISTER IN GENEVA

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Foreign Minister Affairs G.Zandanshatar has confirmed that the government of Mongolia attaches a great importance to matters on protecting and developing human rights.

COMMUNITY OF DEMOCRACIES SETS UP WORKING GROUP

Ulaanbaatar, Mongolia /MONTSAME/ In accordance with a decision of the Governing Council of the Community of Democracies (CD), a new working group--Network for Leaders Engaged in New Democracies (LEND) has been set up.

TS.DASHDORJ REPORTS ON IMPLMENTATION OF RAILWAY POLICY

Ulaanbaatar, Mongolia /MONTSAME/ The Minister Ts.Dashdorj has introdiuced to the cabinet an implementation of the state policy in the railway sphere.

LOAN TO BE TAKEN FOR DIAGNOSIS AND TREATMENT CENTER

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet decided on Wednesday to take a loan from the Korea EximBank in order to implement a project on establishing a regional center of medical treatment and diagnosis.

NAT'L BUSINESSMEN AND ENTERPRISERS TO BE BACKED BY TAX POLICY

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet meeting on Wednesday discussed and backed a draft amendment to the law on value-added tax, and decided to submit it to the State Great Khural.

Focus On Mongolian Mining Corporation, Mongolia's Flagship Public Company

Part 1
This article is based on data from an interview with Mongolian Mining Corporation CEO Dr. Battsengel Gotov on February 13, 2012, data gathered attending Coal Mongolia 2012 February 9 and 10, 2012, trips by the author to Mongolia in September 2011 and February 2012, and a review of recent Mongolian Mining Corporation activity and news.

Japan's Feb coking coal imports by source


March 29 (Reuters) - Following is a table of customs-cleared coking coal imports for February
released by Japan's Ministry of Finance on Thursday.

Are there any currencies backed by gold?

That’s the only way to describe the reaction that future historians will have when they look back and study the utter perversion that is our global financial system.

CIE to be tested in schools starting next week

31 schools will implement University of Cambridge International Examinations (CIE) starting next week.


V.PUTIN EXPRESSES THANKS BY MESSAGES

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister of the Russian Federation (RF) V.V.Putin has sent messages to the State Head and the Prime Minister of Mongolia.

FOCUS ON MONGOLIAN MINING CORPORATION, MONGOLIA’S FLAGSHIP PUBLIC COMPANY

This article is based on data from an interview with Mongolian Mining Corporation CEO Dr. Battsengel Gotov on February 13, 2012, data gathered attending Coal Mongolia 2012 February 9 and 10, 2012, trips by the author to Mongolia in September 2011 and February 2012, and a review of recent Mongolian Mining Corporation activity and news.

Erdenes Tavan Tolgoi to raise up to USD 400 million in 2012 - COO

Reuters quoted Mr Graeme Hancock COO of Mongolia's state owned Erdenes Tavan Tolgoi, owner of one of the world's largest coking coal deposits, as saying that it will need to raise up to USD 400 million this year if its planned float does not go ahead by December 2012.

UN calls for action to support Mongolia's reindeer herders

New York, Mar 27 : Urgent action is needed to support Mongolia’s reindeer herders and protect them from unregulated mining, logging, water pollution and climate change, among other threats, according to a report by the UN environment agency, released on Monday.

China beats US with power from coal-processing to trap carbon

After studying chemistry at Shanghai’s Fudan University, Jane Chuan and Wang Youqi pursued doctorates in the U.S. She got hers from what’s now the University of Buffalo in 1988, the year they married.

China's Shenhua Sets Sights on Mongolian, Indonesian Coal Mines to Boost Production

Positive coal sales generation during January and February has prompted China Shenhua Energy Co Ltd. to declare its 2012 sales volume could likely reach 425 million tonnes to exceed earmarked targets.

UTM Reappoints Rapello as Director and Ganbaatar Resigns

ULAANBAATAR, MONGOLIA, Mar 28, 2012 (MARKETWIRE via COMTEX) -- Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (cnsx:UTM) announces that Saruul Ganbaatar has resigned as a director of the Company.

Mongolia: Could Mining Threaten Tourism Potential?

Twenty years ago, when a Dutch cyclist named Rik Idema first passed through Mongolia on a round-the-world biking trip, the country struck him as the most pristine place he'd ever seen.

Wednesday, March 28, 2012

TS.DASHDORJ MEETS RUSSIAN AMBASSADOR AND UB RAILWAYS HEADS

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Road, Transportation, Construction and Urban Development Ts.Dashdorj has discussed measures to be taken for reforming the "Ulaanbaatar Railways" Mongolia-Russia joint venture and for increasing its freight capacity.

FOREIGN MINISTER MEETS WEF AND WTO LEADERS

Ulaanbaatar, Mongolia /MONTSAME/ In Switzerland with the working visit, the Minister of Foreign Affairs G.Zandanshatar met on Monday with Klaus Schwab, the chairman of the World Economic Forum (WEF) in Geneva.

SPEAKER MEETS AMBASSADOR OF S.KOREA

Ulaanbaatar, Mongolia /MONTSAME/ The Parliament Speaker D.Demberel has congratulated Mr. Lee Tae-ru on becoming the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Mongolia.

Democratic Union’s Woman’s forum starts

Mongolian Democratic Union’s Woman’s forum started today at the State Palace. “Mongolian woman have had a important role in 1990s democratic movement.

Police officials hearing postpones again

The hearing of senior officials scheduled today has been postponed again because of lawyers of defendants refused.

Survey of Mongolian Public Opinion

This opinion survey was conducted with face-to-face interviews taking place between October 12-November 12, 2011 in 11 of the country’s 21 aimags and the independent municipality of Ulaanbaatar.

Xstrata Copper CEO sees strong demand, tight market

Strong global copper demand and difficulties in bringing new mines on line will keep the red metal market tight, the head of Xstrata Copper, the world’s fourth-largest copper miner, told a Chilean paper’s Monday edition.

Coking coal demand seen at 115 Mt/y by 2015 as Asian consumption rises

Demand for coking coal will have increased by 115-million tons a year by 2015 as a result of increased consumption from Asia, predicts consulting engineering and project management company Hatch Africa director for coal Gerrit Lok.

Ivanhoe Mines Seeks Out Copper In The Gobi Desert; 2 Ways To Play Gold

Recently, I discussed Ivanhoe Mines, Inc. (IVN) with Clay Mahaffey, Chief Analyst of the National Eagles and Angels Association on the “Stock Watch” segment of my nationally syndicated radio program “The George Jarkesy Show”.

Mongolia to send 350 troops to South Sudan on UN mission

ULAN BATOR, March 26 — The Mongolian Defense Ministry held a farewell ceremony Monday for troops to be sent to South Sudan on a UN peacekeeping mission.

Petro Matad appoints new director

Petro Matad (LON:MATD) today announced that Ms Amarzul (Amaraa) Tuul has been promoted to the board of directors.

FeOre prepares for construction following government approval for Ereeny iron ore Feasibility Study

FeOre (ASX: FEO) can commence construction of infrastructure and other facilities at the Ereeny Iron Ore Project in Mongolia after receiving government approval for the project’s Feasibility Study.

UN environment agency calls for urgent action to support Mongolia’s reindeer herders

26 March 2012 –
Urgent action is needed to support Mongolia’s reindeer herders and protect them from unregulated mining, logging, water pollution and climate change, among other threats, according to a report by the UN environment agency, released today.

Altan Rio Completes Drilling Program in Mongolia with Strong Results and Announces the Commencement of Drilling at Khavchuu Project

Canada-based exploration company Altan Rio Minerals Limited (TSX Venture: AMO) is moving quickly beyond early exploration stages as it advances its copper and gold projects located in resource-rich regions of Mongolia. – (Financial Press)

Fitch Rates Mongolia's XacBank's Senior Notes 'B(exp)'

(The following was released by the rating agency)

Mongolian Companies Go Big With Initial Forays Into The Global Debt Market

Given Mongolia had the world's fastest growing economy in 2011, it was only going to be a matter of time before the country sought to leverage its position as the latest global financial hotspot in order to raise funds on the international bond markets and underpin its go-to investment status.

Mongolia Growth Group Ltd. Announces AGM Date

Calgary, Alberta CANADA, Mar 27, 2012 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX),("MGG" or the "Company") is pleased to announce that it will be holding its annual general meeting on April 14th 2012 at 2:00PM EST at the Westin Harbour Castle, 1 Harbour Square, Toronto.

China Shenhua says hopes to restart talks on Mongolia mine

* Shenhua in talks to buy assets in N.America, Africa,Australia, Indonesia -CEO
* Coal sales this yr seen exceeding earlier target (Recasts with quotes, details)

Monday, March 26, 2012

Sing and become famous

Has everybody been watching the song competition “Universe Best Songs” on UBS Television?

Moody's reviews four Mongolian banks' ratings for downgrade

March 26 (Reuters) - Golomt Bank, Khan Bank, the Trade and Development Bank of Mongolia (TDB) and XacBank.

A US$ 47 million investment will help build the first wind energy project in Mongolia

Mongolia's newly discovered wealth of natural resources has been on the minds of many investors with the main focus being on mineral resources such as coal, copper and iron ore.

Gateway to Asia exhibition: Russian businesses in Mongolia

Gateway to Asia (Vorota v Azi u) exhibition will be organized in the Russian city of Irkutsk from March 27th to 29th .

Mount Olive grad slain in Mongolia

MOUNT OLIVE — When John Martin Keane stopped posting on Facebook one day in early January, his friends and family knew something was wrong.

Mongolia to Grow at 20% in 2012: Fund Manager

Mongolia could be the fastest growing economy in the world this year, with gross domestic product expanding 20 percent, according to Alisher Ali, Managing Partner at Silk Road Management.

Historic moment for women’s boxing in Mongolia

T.Bolortuul and E. Uyanga have made history as the first female Mongolian boxers to win gold at the Asian Female Boxing Championships.

MONGOLIAN CAPITAL CITY HOPES TO IMPROVE TRANSPORTATION WITH HUGE INVESTMENT

THE MONGOLIAN CAPITAL CITY WILL DIVERT THE BULK OF INVESTMENT TO DEVELOP ITS TRANSPORTATION SECTOR, THE CITY"S MAYOR SAID FRIDAY.

China Shenhua says hopes to restart talks on Mongolia mine

* Shenhua in talks to buy assets in N.America, Africa,Australia, Indonesia -CEO
* Coal sales this yr seen exceeding earlier target (Recasts with quotes, details)

Sunday, March 25, 2012

Phillip Norton In hot water, but making tracks into Mongolia

Grimsby man, BBC Look North reporter and former Grimsby Telegraph journalist Phillip Norton, has hung up his microphone for a while and taken a career break to travel the world.

View from abroad: US facing woes, but still No. 1

Anyone worried about an erosion of America's global status might consider this modest fact: Facebook is the dominant social network in Mongolia.

Mongolia Growth Group Ltd. Announces Issuance of Employee Stock Options

Calgary, Alberta CANADA, Mar 23, 2012 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX),announces that 190,000 5-year stock options to purchase shares of MGG at a price of $4.00 per share have been issued to salaried employees of MGG and its wholly owned Mongolian subsidiary pursuant to the Company's stock option plan.

Saturday, March 24, 2012

MPs suggest increase VAT

MP’s Ya.Batsuuri and P.Altangerel initiated a draft law on VAT.

124 thousand apartment available for apartment loan

The Government meeting which held on Friday (March 16, 2012) approved a list of apartment buildings which includes in 100 thousand apartment program.

President warns Police Chief

President Tsakhia Elbegdorj met yesterday with general D.Sandag-Ochir, Chief of General Police Office.

Nambar Enkhbayar invites political leaders on debate

Head of MPRP, former President of Mongolia Nambar Enkhbayar invited all political leaders to debate on fair election.

Ulaanbaatar will be clean

City districts started clean streets. Before Tsagaan sar almost 80 percent of garbage was cleaned.

Launch of the State of the World’s Children 2012: Children in an Urban World

Children in peri-urban and urban areas are often the silent face of poverty and deprivations according to UNICEF’s annual flagship report the State of the World’s Children 2012: Children in an Urban World.

Establishes sub-committee on anti-trafficking

By the decision of Justice and Interior Minister established sub-committee on Anti-trafficking. 

700 voting machine will arrive end of March

Mongolians first time will use automatic voting machine.

MSE started new MIT system

Mongolian Stock Exchange started implementation of the new MIT system.

Senior police officials taken to Detention Center

Senior police officials who have a treatment at Sukhbaatar district hospital taken to Detention Center’s hospital yesterday (on March 20, 2012) around 5 pm.

E.Badar-Uugan will miss London-2012

Mongolian boxer Enkhbat Badar-Uugan, Beijing Olympic gold medal will miss London-2012.

Aida will performed by American conductor

Aida, opera in four act by Guiseppe Verdi will performed at the State Theatre of Opera and Ballet on March 31 and April 1.

GOVERNMENT AND FINANCIAL FREEDOM

Ulaanbaatar, Mongolia /MONTSAME/ At its regular meeting on Wednesday, the cabinet got familiarized with implementation of works reflected in the 1st phase of the National Strategy of Supporting Private Sector Development.

WORKING GROUPS SET UP TO DISTRIBUTE ID CARDS

Ulaanbaatar, Mongolia /MONTSAME/ In accordance with the cabinet decision, a working group has been set up to organize nationwide a distribution of new ID cards and to provide this work with a unified management. 

FINANCIAL SOURCE TO BE CREATED FOR SAFETY STOCK OF COAL

Ulaanbaatar, Mongolia /MONTSAME/ A financial source for a coal safety stock will be created with aims to ensure reliable activities of fuel and energy factories and to not increase debts and receivable.

ABOUT IMPLEMENTATION OF ACTIVITY PROGRAM OF CABINET

Ulaanbaatar, Mongolia /MONTSAME/ Implementation of the governmental activity program for 2008-2012 was done at 82 per cent by 2011, and it might reach 87 per cent by beginning of this year.

TRAINING HELD ON MEDICAL AID FOR DISABLED

Ulaanbaatar, Mongolia /MONTSAME/ The administration of the city's Songinokhairkhan district has hosted a training on strengthening a public participation in improvement of medical assistance for the disabled.

TRIPARTITE PROJECT REVIEW MEETING HELD

Ulaanbaatar, Mongolia /MONTSAME/ Tripartite Project Review meeting of the “Strengthening the Disaster Mitigation and Management System in Mongolia” project ran on Thursday in the National Emergency Management Agency (NEMA).

AIMAG GOVERNOR VISITS CHINESE BAOTOU

Ulaanbaatar, Mongolia /MONTSAME/ A delegation led by P.Gankhuyag, the governor of Dornogobi aimag, visited on March 19 a Baotou city of Chinese Inner Mongolia.

MONGOLIA-FINLAND CONSULTATIVE MEETING RUNS

Ulaanbaatar, Mongolia /MONTSAME/ The Ministries of Foreign Affairs of Mongolia and Finland organized a political consultative meeting on March 19, 2012 in Helsinki.

SCIENTIFIC CONFERENCE ON COSMOLOGY DEVELOPMENT HELD

Ulaanbaatar, Mongolia /MONTSAME/ A scientific conference themed "Contemporary cosmology-Mongolia" ran on Thursday in Ulaanbaatar on occasion of the 31st anniversary of first space flight of Mongolian.

SUPER COMPUTER INSTALLED IN METEOROLOGY INSTITUTE

Ulaanbaatar, Mongolia /MONTSAME/ A super powerful computer has been installed in the National Agency of Meteorology, Hydrology and Environment Monitoring.

FOREIGN MINISTER MEETS AMBASSADORS

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Foreign Affairs G.Zandanshatar received Kujtim Xhani, the Ambassador Extraordinary and Plenipotentiary of the Republic of Albania to Mongolia, on Friday. 

PROJECT TO BE IMPLEMENTED TO ESTABLISH OUTSOURCING CENTER

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Finance D.Khayankhyarvaa signed on Thursday a credit agreement between the government of Mongolia and the Export-Import Bank of India (EIBI) with an aim to implement a project.

KH.BATTULGA MP WANTS POLITICIANS TO BE INSPECTED BY CCA

Ulaanbaatar, Mongolia /MONTSAME/ On Thursday, a head of the Mongolian Democratic Union (MDU) Kh.Battulga MP gave to the Corruption Combating Agency (CCA) materials with "information about some politicians' affairs".

PRESIDENT ATTENDS NOWRUZ CELEBRATION

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the President Ts.Elbegdorj participated in a celebration of Nowruz (Lunar New Year of Kazakh people) organized by UB-based local council of Bayan-Olgii aimag.

SPEAKER WORKS IN KHOVD

Ulaanbaatar, Mongolia /MONTSAME/ The Parliament Speaker has started a working tour from Khovd aimag's Tsetseg soum.

MESSAGE FROM UN SECRETARY-GENERAL ON WATER DAY

Ulaanbaatar, Mongolia, /MONTSAME/ The Secretary-General of the UN Ban Ki-moon sends a message on World Water day.

CABINET MEETING IN BRIEF

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet backed in principle draft amendments to the laws initiated by the President on criminal, criminal procedure, implementation of court decisions, court, emergency situation and civil registration.

PREMIER GREETS KAZAKHS

Ulaanbaatar, Mongolia /MONTSAME/ The Prime Minister S.Batbold congratulated on Thursday the Kazakh people on occasion of their Nowruz--the Lunar New Year of Kazakhs.

STATE SECRETARIES AND HEADS OF AUTHORITIES APPOINTED

Ulaanbaatar, Mongolia /MONTSAME/ State Secretaries of some agencies and heads of authorities were appointed in accordance with a decision of irregular cabinet meeting on Friday.

CENTRAL ASIA: FEEL THE WIND (ENERGY)

Central Asia is mainly known for its abundant hydrocarbon reserves – but some countries in the region are already turning their attention to wind resources to produce cleaner, renewable energy.

AUSTRALIA’S ABREE SEES GLOBAL THERMAL COAL PRICES SLIDING 37% BY 2017

Thermal coal contract prices are expected to fall 37% to $82/mt by 2017, reflecting strong growth in exports from Australia, Indonesia, Colombia and emerging exporters such as Mongolia and Mozambique, the Australian Bureau of Resources and Energy Economics said Wednesday.

MONGOLIA’S MISSED MINING VEINS

Mongolian debt and equity frontier index entry ambitions were dashed after the landmark Tavan Tolgoi 30 percent coal mine flotation was postponed from this quarter until September, in position as the biggest and most widely held listing.

THINKING ABOUT CHINA — OPED

Stability maintenance and sovereignty assertion are the two sides of China’s strategic policy-making.

US TO NOMINATE KIM FOR WORLD BANK

President Barack Obama will nominate Jim Yong Kim, president of Dartmouth College, to lead the World Bank.

POLLUTION THE BIG BARRIER TO FREER TRADE IN RARE EARTH

Tackling pollution, not freeing up trade, is regarded as the solution to a global shortage of rare earths, the metals that are the building blocks of the 21st century.

Beren Mining Plans Mongolia's Biggest Domestic IPO, Broker Says

March 12 (Bloomberg) -- Beren Mining LLC, a Mongolian iron ore producer, is preparing the nation's biggest initial share sale on the domestic exchange to capitalize on demand for the raw material in neighboring China.

Buffalo native nominated as ambassador to Mongolia

WASHINGTON—President Obama has nominated a Buffalo native to serve as ambassador to Mongolia.

Mongolia Will Gain Access to the World Bank’s IBRD Financing

Ulan Bator, March 7, 2012 – Following a careful review of Mongolia’s development opportunities, the World Bank has decided to declare Mongolia creditworthy for its International Bank for Reconstruction and Development (IBRD) lending.

Investing in Mongolia: Is It Time to Buy the World's Fastest Growing Economy?

It is the world's fastest growing economy. It also may be the world's best kept secret.

Australian firm wins copper project contract in Mongolia

SYDNEY, March 23 (Xinhua) -- Australian engineering giant WorleyParsons announced on Friday it had been awarded a contract to build a copper and molybdenum processing plant in Mongolia.

KPMG keeps the books in Mongolia

KPMG in Mongolia and NIMM Audit, a leading Mongolian professional services company, announced March 18 that they will align as KPMG LLC.

Funds put frontier lands on the map

Investing in frontier markets can sometimes be a lonely, even depressing experience for a fund manager.

Mayer Brown JSM advises Mongolian bank on $580 mln bonds issuance‎

In Mongolia, Mayer Brown JSM has advised the Development Bank of Mongolia and the Ministry of Finance of the Government of Mongolia on its recent issuance of $580m senior guaranteed bonds.

KPMG Expands Capabilities in Mongolia

KPMG in Mongolia and NIMM Audit have agreed to align as KPMG LLC — forming a combined team including 50 local audit, tax and advisory professionals along with seconded industry experts from other KPMG member firms that will establish KPMG as the largest service provider of its kind in Mongolia, KPMG International announced today.

EBRD to finance Mongolia's first wind power project

The EBRD is extending a loan for the development of Mongolia's first wind energy project – the Salkhit wind farm with GE's wind turbines.

NATO and Mongolia Agree Programme of Cooperation

The North Atlantic Council formally approved an Individual Partnership and Cooperation Programme with Mongolia on 19 March 2012.

Tibetan Mongolian Buddhist Culture Center in Bloomington offers Buddhism classes, retreats, gift shop and yoga classes

BLOOMINGTON, Ind. — Tucked neatly among the suburban homes on the southeast side of Bloomington, Ind., sits a holy place.

Friday, March 23, 2012

China and Russia build ties across border

Manzhouli, China (CNN) – In Inner Mongolia – the frozen grasslands between China and Russia – it's hard to imagine anything surviving.

Ts.Eldegdorj to make historic visit to Germany

President of Mongolia Ts. Elbegdorj will make an official visit in to Germany from March 29th to April 1st. 

China, Mongolia expand currency swap deal

BEIJING, March 21 (Xinhua) -- The People's Bank of China (PBOC), the country'scentral bank, announced Wednesday that it has signed supplementary currency swapagreements with the Bank of Mongolia, doubling the scale of a 2011 bilateral swapdeal.

Australia, Mongolia are big winners at first Asia Mining Awards

Australia and Mongolia received the major awards in the first Asia Mining Awards which honoured the top executives and companies in the exploration, mining, mining finance and investment areas.

Ivanhoe Mines 2011 net loss widens, Mongolia project on track for Q3 startup

VANCOUVER - Ivanhoe Mines Ltd. reported a wider net loss for 2011 on Tuesday as it said its copper-gold mine in Mongolia remains on track to start up in the third quarter.

Mongolian coal miner Ikh Gobi seeks pre-IPO investment

HONG KONG, March 21 (Reuters) - Privately owned Mongolian coal miner Ikh Gobi Energy LLC is seeking investment of $100-$200 million this year ahead of a planned Hong Kong initial public offering in 2013, its chief executive said on Wednesday.

IVANHOE MINES ANNOUNCES 2011 FINANCIAL RESULTS AND REVIEW OF OPERATIONS

OYU TOLGOI COPPER-GOLD-SILVER PROJECT ON TRACK TO START INITIAL PRODUCTION IN THIRD QUARTER OF 2012.

When the alphabet is not the problem

The Mongolian Script or Mongol Bichig has got an amazing history. As Hebrew, Arabic, Latin and Cyrillic alphabets, the classical Mongolian Script is a child system of the Phoenician alphabet.

Chinzorig sculpts Mongolia’s fledgling digital art landscape

Chinzorig Batzorig was born in 1989 in Ulaanbaatar and started drawing when he was a little boy, but he has been concentrating on digital art since 2009.

Wind power in Mongolia: first wind farm

Mongolia's first wind energy project, the 50 MW Salkhit wind farm, with GE's wind turbines, is getting $47 million in investments from the EBRD.

WorleyParsons wins contract in Mongolia

Engineering giant WorleyParsons has won a contract to build a copper and molybdenum processing plant in Mongolia.

London Eye: Mongolia marathon man makes great strides as adopted Geordie

Standing outside the Next store on the Team Valley Trading Estate in Gateshead, off to the right you can see the rusty outline of Antony Gormley's Angel of the North.

Mongolia's Tavan Tolgoi may need to raise up to $400 mln pre-IPO

(Reuters) - Mongolia's state-owned Erdenes Tavan Tolgoi, owner of one of the world's largest coking coal deposits, will need to raise up to $400 million this year if its planned float does not go ahead by December, a senior executive said on Thursday.

S&PBulletin: Mongolian Mining Rtgs Unaffected By Notes Upsize

(The following was released by the rating agency) SINGAPORE (Standard & Poor's) March 23, 2012--Standard & Poor's Ratings Services said today that its corporate credit rating on Mongolia-based coking coal producer Mongolian Mining Corp. (MMC; B+/Stable/--) and its rating on MMC's senior notes maturing 2017 are unaffected by the company's decision to increase its issuance to US$600 million.

Wednesday, March 21, 2012

T.BADAMJUNAI ATTENDS FAO CONFERENCE

Ulaanbaatar, Mongolia /MONTSAME/ The Minister of Food, Agriculture and Light Industry T.Badamjunai has given a speech at the Ministerial Meeting of the 31st UN Food and Agriculture Organization (FAO) Regional Conference for Asia and the Pacific kicked off on March 15 in Hanoi, Vietnam.

AMBASSADOR T.JANABAZAR MEETS LAO VICE MINISTER OF AGRICULTURE

Ulaanbaatar, Mongolia /MONTSAME/ On March 16, the Ambassador Extraordinary and Plenipotentiary of Mongolia to Laos T.Janabazar met with the Lao Vice-Minister of Agriculture and Forestry.

SCIENTIFIC CONFERENCE ON ENGLISH LANGUAGE HELD

Ulaanbaatar, Mongolia /MONTSAME/ A scientific conference themed "English language, linguistics and teaching method" was held on Monday in the Mongolian State University of Mongolia (MSU) dedicated to the 70th anniversary of the MSU.

VICE MINISTER T.PUREVDORJ ATTENDS INT'L MEETING

Ulaanbaatar, Mongolia /MONTSAME/ A delegation led by T.Purevdorj, the Vice Minister of Road, Transportation, Construction and Urban Development, has spoken about a present situation in road development in Mongolia and further directions at an international high-level meeting of transport ministers.

DAY OF MONGOLIAN ARMED FORCES CELEBRATED

Ulaanbaatar, Mongolia /MONTSAME/ On Sunday, authorities and war veterans paid tribute to the Monument to D.Sukhbaatar on occasion of the 91st anniversary of founding of the contemporary Armed Forces of Mongolia, March 18.

AMBASSADOR TO JAPAN PRESENTS CREDENTIALS

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Extraordinary and Plenipotentiary of Mongolia to Japan S.Khurelbaatar presented on Monday his diplomatic credentials to His Highness Crown Prince of Japan.

SPEAKER LEAVES FOR AIMAG

Ulaanbaatar, Mongolia /MONTSAME/ The Parliament Speaker D.Demberel left on Sunday for locality with a working visit.

MONGOLIA STRIKES A BALANCE BETWEEN DEVELOPMENT AND ENVIRONMENTAL PROTECTION

As Mongolia is becoming the world’s fastest-growing economy, local and international efforts are also ramped up to ensure its environment won’t pay a heavy price.

AUSTRALIA’S CONTROVERSIAL COAL AND IRON MINING TAX PASSES THE SENATE

The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.

PERNOD RICARD CONFIDENT ON CHINA PRICE INCREASES

French drinks maker Pernod Ricard said increasingly affluent Chinese customers will absorb price increases on its Martell cognac and whisky brands without denting strong Asian sales growth.

OYU TOLGOI NAMED ONE OF ’10 BEAUTIFUL PLACES WE COULD DESTROY WITH HUMAN DRILLING’

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