Mongolia: Industry changes in the making

Oct. 31 | Mongolia’s government is emphasising its plans to diversify from reliance on mining-related revenues and investment in the hope that the development of the manufacturing and agricultural sectors will create a more advanced industrial base. With the...

Mongolia mulls listing of rail stake in Hong Kong

Oct. 28 | Mongolia is considering a Hong Kong listing of its rail-building firm in a bid to help finance its $5 billion railway plan, the South China Morning Post reported on Friday. Mongolia Railways, the rail-builder owned by the Mongolian government, is planning...

Ban Ki-moon congratulates Mongolia’s membership in UN

Oct. 28 | The Secretary General of the United Nations Ban Ki-moon has sent a message on observation of the 50th anniversary of Mongolia”s membership in the UN. The message says: “It is a great pleasure to congratulate the Government and people of Mongolia...

S.Demberel becomes member of Civil Will Party

Oct. 28 | S.Demberel, Director of the Mongolian National Chamber of Commerce and Trade became a member of the Civil Will Party and received his certification from S.Oyun, Leader of the Civil Will Party. S.Demberel said “Civil will Party prefers political, economical...

Mongolia needs coal deal in 3 months to ensure IPO

Oct. 27 | A contentious investment agreement on Mongolia’s huge Tavan Tolgoi coal deposit needs to be completed within three months to ensure that a much-heralded initial public offering for the project goes ahead on time, a legislator told Reuters on Wednesday. Terbishdagva...

Prime Minister S.Batbold presents Budget 2012

Oct. 27 | The budget projects revenues of MNT 6.4 trillion (35.4 percent of GDP) and expenditures of MNT 7.1 trillion (39.5 percent of GDP). The projected deficit is MNT 0.7 trillion (4.1 percent of GDP). Per capita GDP is projected to be MNT 6.4 million or USD...

Former ACA Chief Sangaragchaa released from Prison

Oct. 27 | The State Supreme Court ordered three Anti-Corruption Authority (ACA) officials convicted of corruption released from custody after a hearing on Wednesday. ACA Chief Ch.Sangaragchaa, ACA deputy chief D.Sunduisuren, and the head of the ACA’s executive...

Minister for Finance reports on Oyu Tolgoi agreement

Oct. 25 | Yesterday, Finance Minister S.Bayartsogt informed journalists about Oyutolgoi issue on Monday. Ivanhoe Mines Ltd and Rio Tinto International Holdings Ltd made Oyutolgoi investment agreement on October 6, 2009. The Minister said that Mongolia would earn...

The President meets UK Prime Minister

Oct. 25 | Paying visit to the United Kingdom, President Ts.Elbegdorj met with UK Prime Minister David Cameron on Monday. Ts.Elbegdorj stated about present situation of Mongolia, development prospect and the state policy and he suggested some items of Mongolia –...

International Conference will be organized by the Government

Oct. 25 | The Government of Mongolia will organize an international conference “Oil and Gas” on November 1 with the aim of introduction of Mongolian oil exploration and exploitation, project of oil refinery and factory of fuel extraction from coal to domestic...