Archive for October, 2012

• Cameron McRae says two proposals are equal to windfall tax. (Part2)

  Oct 31, 12 • 187 Views • Business, Interview, Mining, News • info • 5 Comments

  -Erdenet city was launched because of Erdenet enterprise. But researchers predicted that Oyu Tolgoi is five times bigger than Oyu Tolgoi. So we expect that a bigger than Erdenet city will be built in Umnugobi. -I can reply to this question in detailed...

  

• Mongolia Investment summit held in Hong Kong

  Oct 31, 12 • 62 Views • Business, Finance, News • info • 1 Comment

  The Mongolia Investment summit is being held in Hong Kong today. Investors of giant International mining companies and a few representatives from Mongolian companies that plan IPO in order to make capital from the stock market are taking part in the two day...

  

• S & P lowered Mongolia’s rating

  Oct 30, 12 • 78 Views • Business, Finance, Mining, News • info • No Comments

  Standard & Poor’s Ratings Services yesterday revised its rating outlook on Mongolia to stable from positive.  The government’s attempt to renegotiate the OT agreement, and uncertain mineral demand and prices are some of the major causes for this....

  

• Cameron McRae says two proposals from the Government is the same as the windfall tax. (Part1)

  Oct 30, 12 • 81 Views • Business, Mining, News • info • 2 Comments

  Mongolian Source of this interview click the link: We have interviewed with Cameron McRae, the President and Chief Executive officer of Oyu Tolgoi LLC -When does Oyu Tolgoi production kicks off, what is the exact date of production? -We have already started...

  

• Mongolia: Eyeing economic horizons

  Oct 30, 12 • 34 Views • Business, Economy, News • info • No Comments

  Healthy trade figures and predictions that Mongolia will rank among the world’s top-10 fastest-growing economies in the next 40 years has been the source of confidence in the country’s long-term financial potential. However, concerns over trade,...

  

• Monetary Policy Board was newly established

  Oct 29, 12 • 1558 Views • Business, News • info • No Comments

  On 26th of October, the Bank of Mongolia announced that Monetary Policy Board was newly established, thereof members, guideline have been approved. According to Zoljargal, The Governor of Bank of Mongolia, all decisions regarding monetary policy shall be made...

  

• The Government undertakes measure to sustain fuel price for the next 4 years

  Oct 29, 12 • 24 Views • Business, News • info • No Comments

  Ministry of Mining resource, Bank of Mongolia and Fuel Importers made trihedral agreement to sustain fuel price. Key message of the agreement is in order to keep fuel price sustainable the government shall provide concessional loan to fuel importers....

  

• Peabody gets into serious discussions over Tavan Tolgoi in 2013

  Oct 26, 12 • 61 Views • Mining, News • info • No Comments

  Tavan Tolgoi is considered as one of the world’s largest untapped coking and thermal coal deposits, located in the Southern Gobi Region of Mongolia. It has a total estimated resource of 6.4 billion tonnes, and is divided into six major sections. The Tsankhi...

  

• Statistical information to be received via your phone

  Oct 25, 12 • 27 Views • Business, Government, News • info • No Comments

  National Statistics Office (NSO) of Mongolia is making it possible for the general public to receive the key economic, social and population data, previously distributed in print, via smart phone and Ipad. Having installed an app called “Monstat” on their...

  

• Softbank Plans to Develop Wind Power in Mongolia with Newcom

  Oct 24, 12 • 33 Views • Business, Energy, News • info • No Comments

  Softbank Corp, Japanese telecommunications and Internet Corporation planning to invest $20 billion in American telecommunications company-Sprint Nextel Corp to develop wind power projects in Mongolia. SB Energy Corp., Softbank’s clean energy unit, will set...