Mongolian Government Endorses Chandgana Power Plant

Prophecy Coal Corp. Announced yesterday that its Chandgana Power Plant Project (“Project”) has been officially endorsed by the Mongolian Ministry of Natural Resources and Energy. The Mongolian Energy Regulatory Authority (“ERA”), in charge of power plant license issuance, has received the endorsement and is expected to issue a final response to Prophecy’s license application in […]

Prime Minister pays visit to Irkutsk, Russia

Prime Minister S.Batbold arrived in Irkutsk today to take part in the seventh Baikal Economic Forum. Irkutsk regional governor D.F.Mezentsev and his spouse welcomed the prime minister and his wife, Kh.Otgontuya, as well as Defense Minister L.Bold, former Prime Minister S.Bayar, MPs D.Idevkhten and E.Munkh-Ochir, Ulaanbaatar Mayor G.Munkhbayar, and journalists. After meeting with the governor, […]

1km of railway will cost $2.5 million

In the scope of the project, new railways from Tavantolgoi to Sainshand (468 km), Sainshand-Khuut (450 km), Khuut-Choibalsan (155 km), Khuut-Numrug (380 km), Tavantolgoi-Gashuunsukhait (267 km), Nariinsukhait- Shiveekhuren (46 km) will be established. The feasibility study on the new railway project was executed by McKinsey and Company. The analysts of the company say the project […]

Government plans to build new Railways

The Government took the first step toward a massive new railway project at Wednesday’s Cabinet meeting. Ministers approved the expenditure of USD 55 million to study the feasibility of building new lines totaling about 1,500 km. Under the plan, the following lines would be built: Tavantolgoi-Sainshand, Sainshand-Khuut, Khuut- Choibalsan, Khuut-Numrug, Tavantolgoi-Gashuunsukhait, and Nariinsukhait-Shiveekhuren. The lines […]

Korean Cooperation in Tavantolgoi will describe Mongolia-South Korea Relations

Jon il, South Korean Ambassador to Mongolia talks about the upcoming visit of the South Korean President to Mongolia and also the Tavantolgoi coking coal project. Q: South Korean Presidents have visited Mongolia in 1999 and 2006 previously. President Lee Myung-bak will visit Mongolia this time and could you talk about the purpose of this […]

Ch.Khurelbaatar: State Property Committee will represent Mongolian in the Tavantolgoi project

Ch.Khurelbaatar, Chief of the Cabinet Office and Member of the government’s working group on Tavantolgoi investment agreement was interviewed regarding the TT’s IA. Q: How is the discussing going with the investor companies? What step is the investment agreement at? Ch.Khurelbaatar: The working group had made a draft and it is already discussed in the […]

Mongolia, US build on friendship during Khaan Quest 11

The Engineering Civic Action Program portion of Exercise Khaan Quest 2011 was completed after the ribbon was cut, signifying the opening of the Ayut Family Hospital in the ninth khooro, Khan-Uul District, Ulaanbaatar, Mongolia, Aug. 11. Mongolian and U.S. service members teamed-up to build onto an existing health clinic. The addition to the hospital includes […]

D.Sugar: Japan and South Korea are still in negotiation

Interview of D.Sugar who is the Director of Board of Members of “Erdenes MGL” and “Erdenes Tavantolgoi” and member of government’s working group on investment tender bid for Tavan Tolgoi’s western Tsankhi deposit. Q: What stage the Tavan Tolgoi’s tender bid’s process at? When the new investment agreement will be presented to the Parliament? D.Sugar: […]