Mining
L.Gansukh(DP): Parliament Waits for Task Group Conclusions on Rosnefti
We got details from L.Gansukh, Head of DP Council in the Parliament on an issue discussed at the Council meeting.
What kind of issues did you discuss?
We discussed issues related to infected people in Bayan-Ulgii aimag and risks of infectious MHFD /mouth, hand and foot disease/ that could cover children of young age in great […]
B.Erdenesuren(MPRP): We Agreed Because Percentile per the Public was High
MPRP group in the Parliament discussed the draft law on modifications to the Minerals Law of Mongolia during the Group Meeting. We got details on the meeting from Deputy Chairman of the group, B.Erdenesuren.
What issues did you discuss during the Group Meeting?
We discussed what the position of the Group would be at the […]
Peabody Energy is Interested in Mining
Last Friday, delegates, headed by Taib Taheer, CEO of Northeast Asia affairs of Peabody Energy Corporation of the United States, visited the President of Mongolia N.Enhbayar. Delegates of the world biggest U.S. private coal company introduced the world class proposal on developing Mongolia’s coal production. The proposal has been developed by US leading corporations; marketing […]
D.Idevkhten: Parliament Has No Way Other Than Discussing the Matter
We got details from MP D.Idevkhten whether or not to discuss the Rosnefti proposal.
-There is no way than discussing the issue at the Parliament. Oil price went up, accompanying price growth in other products. It hits hard the public livelihood. One of the alternatives on how to maintain oil products cheaper has been submitted to […]
Statement by S.Bayar, Prime Minister of Mongolia at the Parliament Session
On current state, recent pitfalls, measures of solution on oil products
Dear Speaker and
Dear Parliamentarians,
Recently oil price went up dramatically at the world market.
As of January 2007, price of 1 barrel oil at NYSE was USD 52.84 whilst as of yesterday it reached USD 113.4, going up by USD 60.56. It results increase in domestic […]
Minerals Draft Laws Are Discussed As a Complex
A group of Democratic Party in the Parliament of Mongolia held a restricted meeting yesterday and discussed laws and regulations to be discussed this week. With reference to 68 percent windfall tax on gold, the Parliament is to discuss draft law on modifications to Bank law and Treasury law. The draft law says that gold […]
Miner SouthGobi May Tap HK Market for US$ 800m
Another overseas mining company eyes Mongolian assets
SouthGobi Energy Resources, a Canadian-listed mining company that owns mines in Mongolia, plans to raise as much as US$800 million from a secondary share offering in Hong Kong later this year at the earliest.
UBS had been hired to arrange the share sale, sources said, adding that the lower end […]
Mongolia Targets 14pc Growth, Investments
Mongolia wants to achieve annual economic growth of 14 percent over the next eight years, powered by foreign investment and cheaper capital as it taps centers like Hong Kong, a government official said. All sectors of the resource-rich country, which borders Russia to the north and China to the south, are open to foreigners, Sedbazar […]
North Americans’ Attitude to the Mongolian Minerals Law
North American-Mongolian business meeting organized in Calgary of Canada last week. Mr. L.Gotov, Mongolian ambassador to Canada, and L.Bold, Head of Minerals and Oil Authority of Mongolia, has participated from the Mongolian side. Also they gave a speech on Mongolia-Canada bilateral relationship, latest mining issues, and oil. Moreover, officials of Mongolian embassy in the USA, […]
Draft law Is To Be Modified During Discussion
Yesterday, Parliamentary Economic Standing Committee decided whether to discuss draft law on modifications to Minerals law. Since the draft law had been criticized before it went to discussion, the working group had modified and adjusted the draft again. However, the standing committee shall decide whether to discuss the draft law, submitted to the parliament, in […]
