Mongolia: Growing pains for agriculture

Although Mongolia’s agriculture sector is feeling the benefits of new management approaches and seeing intensified production thanks to technological advances, it is still struggling to overcome issues created by under-investment and a transition from a planned to a market economy. In mid-June T. Badamjunai, the minister of food, agriculture and light industry, told the cabinet […]

Mongolia President Sets 2012 Deadline for Picking Tavantolgoi Partners

Mongolia President Tsakhia Elbegdorj set an end-of-year deadline to select companies to develop part of its biggest coal field, seeking to resolve a year-long battle for the resource between groups from five nations. Peabody Energy Corp. (BTU) (BTU), OAO Russian Railways, and China’s Shenhua Group are among companies affected by stalled talks to develop the […]

U.S. Deputy Secretary of Energy Daniel Poneman: Mongolia never raised the issue on nuclear waste disposal from USA

Recently, due to the election competition between opposing parties and candidates, D.Zorigt, Minister for Energy, was blamed by Mr. Enkhbat, former chairman of the Nuclear Energy Agency, for initiating the issue of storing nuclear waste in Mongolia. This was cleared by the U.S. Deputy Secretary of Energy Daniel Poneman. Q: During your last visit to […]

Mongolia and China to promote bilateral economic cooperation

China-Mongolia economic and trade conference opened in China on Friday to promote bilateral economic cooperation. The event, jointly organized by the Mongolian National Chamber of Commerce and Industry and China Inner Mongolia International Trade Promotion Association was aimed at providing a platform for cooperation between Chinese and Mongolian enterprises. Present at the gathering were representatives […]

Mongolia: Setting the tone for investment

Concerns that a new foreign investment law would severely impact Mongolia’s natural resource sector and economy as a whole are beginning to ease, as industry players now see that reformed legislation is necessary for the country’s economic evolution. Reports in early May that the Mongolian government was planning to enact wide-ranging limits on foreign ownership […]