Mr. G.Odonkhuu, official of the Ministry of Industry and Agriculture, updates harvest progress. Q: Autumn harvest started late, can you update us with harvest progress? A: Grain maturity has come late, due to relatively rainy and cold summer. As for now, harvest is 20% completed. Q: How about vegetable harvest? A: Vegetable harvest is going […]
Due to the introduction of new trading system, MSE decreased its listing fee of new registrants by 30% until September 13 2013. The decision was made by the Board of Directors of MSE, yesterday. Fee of new listings of the registered companies will enjoy 50% discount on listing fee.
Australian Haranga Resources’ major 2012 drill program is well under way at the Selenge Iron Ore Project in northern Mongolia, with eight drill rigs currently on site. There have been 41 holes completed, including 28 at Dund Bulag and 13 at the Bayantsogt deposit. Initial results from geological mapping have revealed wide intervals of between […]
Expectations that Mongolia’s retail industry will be transformed by the nation’s rapidly growing mining sector appear on track, although rising inflation and a lack of human resources could threaten the sector’s potential. In mid-June, Mongolia made its first appearance in the AT Kearney Global Retail Development Index, earning a creditable ninth place in a survey […]
The list was approved before the end of the special session of SGK. Here are as follows: Draft Budget Law of Mongolia of 2013 Draft Budget Law of Human Development Fund of 2013 Draft budget Law of Social Insurance Fund of 2013 State Great Khural draft resolution on main directions of the State Monetary Policy […]
Centerra Gold Inc. announced earlier this week that it had won regulatory approval to resume its operations at its Boroo mine in Mongolia, prompting a Scotiabank analyst to hike his price target on the company. Craig Johnston, analyst with Scotiabank, boosted his 12-month price target to $16 from a previous target of $12. As part […]
Chinese Defense Minister Liang Guanglie on Friday pledged to seek stronger defense ties with Mongolia. Liang made the pledge in a meeting with Choijamts, a senior official of the Mongolian Defense Ministry, who is leading the Mongolian delegation to Beijing for the sixth defense and security consultations between the two countries. Liang reviewed China-Mongolia relations […]
In the middle of the Gobi Desert in Mongolia, Rio Tinto’s flagship $5.2bn copper-gold mine stands nearly completed except for one thing: the mine is waiting for the power to be switched on. The Oyu Tolgoi mine, which holds the world’s largest undeveloped copper deposit, has been caught in the middle of a complex negotiation […]
During the final discussion of the draft program of the Government between 2012 – 2016 at the General Session of State Great Khural, MPs were in intense disagreement over the review of Investment Agreement of Oyu Tolgoi. MP Kh.Bolorchuluun said that “… recently 25 MPs signed on the petition of amending the Investment Agreement on […]
Mongolia Energy Corporation Limited (HKG:0276) announced that MoEnCo LLC, an indirect wholly-owned operating subsidiary of the company in Mongolia, received a “first” notice yesterday from Leighton, the mining contractor responsible for coal extraction at the Khushuut Coal Mine, whereby Leighton is demanding payment of the outstanding contractor’s fees, together with a notice of suspension of […]
