Author Archive
Khan Resources Issues Update on Mongolia and the Dornod Uranium Project
Khan Resources Inc. (TSX:KRI) is pleased to provide an update on the political situation in Mongolia as it relates to the mining industry. On October 1, 2008, President Nambaryn Enkhbayar in his opening speech to the Mongolian Parliament said “It is the reality that Mongolians cannot invest in deposit independently, introduce advanced technology and provide [...]
Japan Seeks Mongolian Uranium Supply, to Hold Talks This Week
By Michio Nakayama and Shigeru Sato
Oct. 6 (Bloomberg) — Japan, the world’s third-biggest uranium consumer, will hold talks this week with Mongolia on jointly developing ore reserves as part of efforts to secure additional supplies of the nuclear fuel.
Hiroyuki Ishige, vice minister for trade, will lead a delegation of more than 50 government and company [...]
Mongolia, Thailand Deny Talks on N. Korea Refugee Camp
Mongolia and Thailand have denied holding any discussion with South Korea on the possibility of setting up a North Korean refugee camp in their territories, Yonhap News reported Saturday, quoting Radio Free Asia.
The two countries’ statements were announced through their foreign ministries respectively. In March, President Lee Myung-bak instructed the Unification Ministry to consider establishing [...]
Turkish PM calls off Mongolia visit after PKK attack
ANKARA, Oct. 4 (Xinhua) — Turkish Prime Minister Recep Tayyip Erdogan who is visiting Turkmenistan said he had cancelled a planned trip to Mongolia after being informed of a rebel attack on Turkish soldiers, the semi-official Anatolia news agency reported Saturday.
Addressing Turkish citizens living in Ashkabat, Erdogan said he was saddened by the death of [...]
Issues to be discussed by the Parliament during Fall sessions
1. Parliament resolution draft on Government action guidelines,
2. Draft law on modifications to the Budget law of the year 2008 of Mongolia,
3. Budget execution of the year 2007 and a comprehensive financial statement of the Government of Mongolia 2007,
4. Draft law on 2009 Budget of Mongolia,
5. Draft law on 2009 Budget of Mongolia Development fund,
6. Draft law on 2009 Budget of [...]
S.Bayartsogt, Minister of Finance: Of inflation, 70 percent is an administrative cost
Foreign market conditions affected on inflation growth up to 34 percent this year, though budget waste accounts for not less portion of it. The Ministry of Finance formulated a draft on budget clarification and expense cut. The Government discussed the draft and decided to re-discuss it finally on next Wednesday. Budget income of this [...]
Mines urge receivables from power plants
D.Zorigt, Minister of Minerals and Energy summoned pressing meeting for the 3rd day of his office and got acquainted with winter preparation of the sector. Winter preparation is completed 80 percent, but in some areas it is 40 percent. Specific directions and suggestions were provided to areas with difficulties. It was suggested to complete major [...]
ASEAN nations call for more coordinated disaster relief efforts
SINGAPORE : Member countries at the ASEAN Regional Forum (ARF) on Thursday called for a quicker and more coordinated response to disasters in the region.
The US and the Philippines are also looking into organising a region-wide emergency preparedness exercise.
The forum has grown to include 27 members, including ASEAN’s dialogue partners such as China and India, [...]
Western Prospector Announces C$74 million Cash Offer By Tinpo Holdings
Vancouver, British Columbia — July 15, 2008 — Western Prospector Group Ltd. (TSX-V: WNP) and Tinpo Holdings Industrial Company Limited (”Tinpo”) announced today the execution of a definitive agreement for Tinpo to acquire all the outstanding common shares of Western for C$1.34 per share in cash, valuing Western’s equity at approximately C$74 million.
The offer represents [...]
Entree Forms Joint Venture With Ivanhoe Mines
VANCOUVER, BRITISH COLUMBIA, Jul 16, 2008
(MARKET WIRE via COMTEX) — Entree Gold Inc. has been notified by Ivanhoe Mines Ltd. that its subsidiary, Ivanhoe Mines Mongolia Inc. XXK, has incurred expenditures of US$35 million on exploration of the Entree-Ivanhoe Mines area covered by the 2004 earn-in agreement (the “Earn-In Agreement”). Under the terms of the [...]
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