Archive for June, 2012

• Democratic Party declares election win in UB

  Jun 29, 12 • 51 Views • News • Badrakh Batkhuyag • 1 Comment

  Democratic Party won the majority of seats in Parliamentary election says Ch.Saikhanbileg, head of DP faction in the Parliament. Ch.Saikhanbileg held a press conference earlier today and stated that Dem Party won 11 seats out of 14 in UB City Representative...

  

• World Bank urges tightening the monetary policy

  Jun 27, 12 • 60 Views • Economy, Finance, News • Amarsanaa • 1 Comment

  World Bank informed that the Mongolian economy growth is 16.7% as of the first quarter 2012. But inflation rate is 16% by April 2012, due to the cash distribution from the Government, instability in the world economy and drop in the Chinese export size....

  

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

  Jun 26, 12 • 25 Views • Energy, News, State Affairs • Amarsanaa • No Comments

  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...

  

• 1.833.478 electors are registered in the final list

  Jun 26, 12 • 31 Views • News, Politics • Amarsanaa • No Comments

  Two days to go to the election date, deciding the faith and fortune of Mongolia in next 4 years. Since the Government’s investment makes more than half of GDP, the politics is very important to the business community and economy of Mongolia. According...

  

• Tavan Tolgoi IPO likely in 2013

  Jun 21, 12 • 48 Views • Mining, News • Badrakh Batkhuyag • No Comments

  Mongolia’s government is planning to launch an initial public offering for the Tavan Tolgoi coal mine and list it in the first quarter of next year, the chief executive of a Mongolia-based investment bank that advises the government on mining policies...

  

• Prophecy Coal consolidates Mongolian coal resource

  Jun 20, 12 • 58 Views • Finance, Mining, News • Badrakh Batkhuyag • 1 Comment

  Toronto-listed Prophecy Coal on Monday said it would expand its coal resources in Mongolia by acquiring certain assets next to its Chandgana licences from privately held Tethys Mining. CEO John Lee said consolidating the coal basin of about 300 km2 offered...

  

• SouthGobi Resources Announces Start of Construction on New Paved Coal Highway to Mongolia-China Border

  Jun 19, 12 • 27 Views • Mining, News • Badrakh Batkhuyag • No Comments

  SouthGobi Resources Ltd. announced today that construction has commenced on a new paved coal highway to the Mongolia-China border. A ribbon-cutting ceremony was held June 16, 2012 to commemorate the start of construction. On August 2, 2011, the State Property...

  

• Living in UB is affordable, ECA survey says

  Jun 16, 12 • 43 Views • News • Badrakh Batkhuyag • No Comments

  The Ulaanbaatar city ranked at 39 in the list of the most expensive cities in Asia by the ECA Internationa survey. (Ranked 210 in the world) Tokyo tops the ranking again, regionally and globally. The Japanese yen has remained strong and Tokyo remains the most...

  

• Mongolia on track to supply Asia with coal

  Jun 15, 12 • 36 Views • Mining, News • Badrakh Batkhuyag • No Comments

  Mongolia is looming as a serious competitor for Australian mineral exports to northern Asia. Already the landlocked north Asian state supplies 44 per cent of the coking coal imported by China, compared with Australia’s 22 per cent market share. But...

  

• Temasek takes 5.5% stake in Ivanhoe Mines

  Jun 12, 12 • 67 Views • Mining, News • Badrakh Batkhuyag • 1 Comment

  Temasek has taken a 5.5 per cent stake in Ivanhoe Mines of Canada, making the Singapore state investment agency the latest investor to gain exposure to Mongolia as it expands its natural resources portfolio. Temasek confirmed that it had submitted a filing to...