OT project future looks grim

Share price of Oyu Tolgoi project, the biggest and most eagerly awaited contributor to the state budget of Mongolia, is really going to slump regardless of its gain in the past few days? Business-Mongolia.com is sharing it view with our readers as follows. Influence from Neighbors In the last few years, especially during the reign […]

The First phase of “Power Plant V” Project will be in operation by 2015

ADB was selected to prepare Tender Bid References that meets with the international standard and requirement and conclude the tender bids of Ulaanbaatar Power Plant V project. As the result, the agreement was signed by Minister D.Zorigt, Chairman D.Sugar from the State Property Committee and Mr. Shane Rosenthal, Officer-in-Charge and Principal Portfolio Management Specialist of […]

GOLDMAN PRIZEWINNER SHOOTS UP FOREIGN MINING FIRMS IN MONGOLIA

Predatory capitalism has invaded Mongolia — the savage western hordes overrunning the land — and but for the recent Hollywood-distributed movie spectacle Mongol [1] and colorful travel magazine articles no one in America hears much of anything about the place. Behind the bells and whistles promoting ‘democracy’, ‘conservation’, ‘human rights’, and a ‘free press’, Mongolia […]

Mongolia: the pink house of equities

The world’s best-performing stock market last year was, of course, in an emerging economy. But rather than a steel-and-glass tower rising above a heaving megalopolis, it was in a cheerful pink former children’s cinema in Ulan Bator. This is the Mongolian Stock Exchange, where share prices climbed 121 per cent in local currency terms in […]

MSE will have British Executive

Board of MSE held meeting last Friday and appointed Mr. Peter Morrow, an adviser to Khanbank, as the Vice Chairman of the Board. Also, sub-committee in charge of Audit, Governance and Promotion was established with purpose of reform of the Mongolian Stock Exchange. Board Member O.Ganzorig appointed as the Chairman of the sub-committee on Audit […]

MONGOLIA OUTLOOK 2011- Global Outperformer Surging Higher (by Eurasia)

Mongolia produced a truly impressive performance in 2010, leading globally as the best equity market, second fastest growing economy and the second best performing currency. Driven by strong resource-linked investments and developments, we anticipate this exemplary performance will continue through 2011. We expect the Mongolian economy to grow up to 10% in 2011 (or 33% […]

Prophecy Enters MOU for 1.2 Million Tonnes Per Year Coal Offtake With JUST Group

Vancouver, British Columbia, January 5, 2011: Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  announced today that it has entered into a Memorandum of Understanding (“MOU”) with JUST Group (“JUST”) of Mongolia pertaining to a minimum of 1.2 million tonnes of coal sales from Prophecy’s Ulaan Ovoo mine. For the next […]