Archive for April, 2012

• Mongolia to control investment by foreign state owned firms in strategic assets by new law

  Apr 30, 12 • 44 Views • Laws, Mining, News • Badrakh Batkhuyag • 1 Comment

  The Mongolian parliament is discussing a law that will control investment by foreign state owned firms in strategic assets says unofficial source. This new law could potentially stop Chalco’s bid to buy a controlling stake in SouthGobi Resources Ltd....

  

• S.Ganbaatar made a request to the Prime Minister

  Apr 30, 12 • 41 Views • Government, News • Badrakh Batkhuyag • No Comments

  Petroleum importer companies have increased the price of petroleum by MNT 210-260 (about 25%) on 7th of January. Inspections were carried out by the Authority for Fair Competition and Consumer Protection (AFCCP) and reported that the petroleum companies were...

  

• The Economic Success Story in Mongolia is Moving into a New Phase

  Apr 30, 12 • 124 Views • Banking, Finance, News • business • 1 Comment

  GDP growth has escalated to an unprecedented 17.3% in 2011.  Unemployment has fallen from 13% to 9% in one year.  These are headlines that you might expect from China or India or another of the “BRIC” emerging markets, but, in actuality, these stellar...

  

• Mongolia: mine ownership gets political

  Apr 27, 12 • 31 Views • Mining, News • Badrakh Batkhuyag • No Comments

  A nasty bout of resource nationalism in Central Asia is worrying investors brave enough to invest in frontier markets. Mongolia and Kyrgyzstan are at it, with the Kyrgyz government this week announcing it has revoked 46 gold mining licences in what it calls...

  

• Court extends former President N.Enkhbayar’s arrest

  Apr 26, 12 • 44 Views • Business, News • Badrakh Batkhuyag • 1 Comment

  Sukhbaatar District’s court today made a decision to extend former President N.Enkhbayar’s arrest by two months. Former President and Head of MPRP was arrested on 13th of April by the Authority Against Corruption. MPRP members and supporters are against...

  

• The Parliament election will be held on June 28

  Apr 26, 12 • 36 Views • Government, News • Badrakh Batkhuyag • No Comments

  The Parliament election will be held on the 28th of June, approved today by the State Great Khural meeting. 53 votes were collected in the meeting out of 62 MPs with 85.5% voting in favour. The date of the Parliament election was presented by the General...

  

• Chalco and Ivanhoe Mines Note Status Of SouthGobi Resources

  Apr 25, 12 • 56 Views • Mining, News • Badrakh Batkhuyag • No Comments

  Aluminum Corporation of China Limited (“Chalco”) and Ivanhoe Mines Ltd. (“Ivanhoe”) make reference to the announcement made by SouthGobi Resources Ltd. (“SouthGobi”) on 16 April, 2012 regarding an announcement in a press...

  

• Petro Matad to update shortly on 2012 field season plans for Mongolian oil projects

  Apr 25, 12 • 36 Views • News • Badrakh Batkhuyag • No Comments

  Mongolia-focused oil group Petro Matad (LON:MATD) said it is in the final stages of completing its internal reports outlining the results of the extensive 2011 field season for Blocks IV and V Production Sharing Contract areas in the country. The reports will...

  

• New airport will reach its full capacity in 2019

  Apr 24, 12 • 43 Views • Finance, Government, News • Badrakh Batkhuyag • No Comments

  A new airport is being built in Khusigt valley, where the first airplanes were taken off and landed i n 1957. Khusigt valley is located in 60 km distance from the capital UB. Prime Minister S.Batbold took part at the airport foundation lay ceremony on Monday...

  

• Mongolia struggles to find the right investors for Tavan Tolgoi

  Apr 24, 12 • 35 Views • Business, Mining, News • Badrakh Batkhuyag • No Comments

  Mongolia might choose to go it alone on the development of the western block of its giant Tavan Tolgoi coal mine after struggling for years to find the right investors, an executive with the state-owned firm in charge of the project said. Speaking at a...