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Jan 30, 12 •
25 Views •
Government, News, Politics •
Badrakh Batkhuyag •
No Comments
At the Parliament meeting on Friday, the MPs approved the appointment of new ministers to fill the vacancies created when the DP pulled out of the coalition government. D.Khayankhyarvaa was appointed as Minister for Finance by 67.9 percent of voting MPs;...
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Jan 30, 12 •
24 Views •
Finance, News •
Badrakh Batkhuyag •
No Comments
Five stock trades were held at the Mongolian Stock Exchange on during the days of January 23-27. 990.8 thousand shares were of 75 JSCs were sold totaling MNT 445.8 million in value. Index TOP-20 was 20865.93 points increasing 686.23 units or 3.4% against the...
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Jan 26, 12 •
34 Views •
Mining, News •
Badrakh Batkhuyag •
No Comments
Kazakhstan and Mongolia added to their gold reserves in December as the precious metal advanced for an 11th consecutive year, according to the International Monetary Fund . Kazakhstan’s bullion holdings rose 3.1 metric tons to 76.7 tons and Mongolia added...
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Jan 26, 12 •
33 Views •
Mining, News •
Badrakh Batkhuyag •
No Comments
Mongolia earned 2 billion USD from exporting coal in 2011, a 30 to 50 percent increase over previous years. The Ministry of Mineral Resources and Energy plans to increase coal exploitation, and it projects the country will mine some 100 million tons of coal...
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Jan 25, 12 •
30 Views •
Finance, Infrastructure, Mining, News •
Badrakh Batkhuyag •
No Comments
For the first time in recent memory, a creeping takeover in Canada has succeeded. Rio Tinto Ltd. announced Tuesday it has done the inevitable, boosting its stake in Ivanhoe Mines Ltd. to 51% from 49% and seizing control of the Vancouver-based miner. Rio Tinto...
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Jan 24, 12 •
28 Views •
Finance, News •
Badrakh Batkhuyag •
No Comments
238.7 thousand shares of 38 JSCs were traded at the Mongolian Stock Exchange yesterday, totalling MNT 57.5 million. Shares of 38 JSCs were traded, 15 shares were increased, 16 shares were decreased and 7 shares were stable. The total market capitalization was...
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Jan 23, 12 •
29 Views •
Finance, News •
Badrakh Batkhuyag •
No Comments
Five stock trades were held at the Mongolian Stock Exchange on January 16-20. 2.3 million shares of 80 JSC were traded totaling MNT 3.2 billion. Index TOP-20 was 20179.70 points increasing 99.7 units or 0.5% against the week earlier. The total market...
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Jan 23, 12 •
31 Views •
News, Politics •
Badrakh Batkhuyag •
No Comments
In view of a parliamentary resolution on discharging some cabinet members from the posts, Prime Minister S.Batbold has released an order. Accordingly, current Deputy Premier M.Enkhbold has received duties of a First Deputy Premier; the Foreign Minister...
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Jan 22, 12 •
31 Views •
Banking, Mining, News •
Badrakh Batkhuyag •
No Comments
The Mongolian government is looking to launch a multibillion dollar initial public offering of a mega coal deposit ahead of parliamentary elections in June, with plans to list state-owned Erdenes-Tavan Tolgoi Co. in London and Mongolia, people familiar with...
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Jan 20, 12 •
28 Views •
Finance, Mining, News •
Badrakh Batkhuyag •
No Comments
Global miner Rio Tinto is clear to take over Mongolia’s coveted Oyu Tolgoi project, which promises to be one of the world’s largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial “poison pill”....
