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Jan 31, 13 •
99 Views •
Business, Mining, News •
info •
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Rio Tinto Group (RIO), the second-biggest mining company, is considering a temporary halt to construction work at its $6.2 billion Oyu Tolgoi copper and gold project in Mongolia as the government demands a greater share of profit from the mine, according to...
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Jan 31, 13 •
18 Views •
Government, News •
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China’s top legislator, Wu Bangguo, on Wednesday pledged to further develop ties with Mongolia during a meeting with his Mongolian counterpart Zandaakhuu Enkhbold. Wu, chairman of the Standing Committee of the National People’s Congress (NPC) of...
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Jan 31, 13 •
83 Views •
Business, Companies, Economy, Government, Mining, News •
info •
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A statement has been released by Chalco in regards to the ongoing issue between the company and Mongolia’s Erdenes Tavan Tolgoi. Below is the statement published in Unuudur, one of the largest daily newspapers in the country, this morning: “Following...
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Jan 31, 13 •
48 Views •
Business, Education, Government, Mining, News •
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A new school with a capacity of providing education to 640 students at one shift in 6749 square meters of space has opened its door in Umnugovi’s Tsogttsetsii soum, where the Energy Resources (ER), one of the largest coal mines in the country, is located....
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Jan 30, 13 •
60 Views •
Business, Companies, Finance, News •
info •
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Following the rapid economic growth in Mongolia, development and sophistication of financial institutions and their services in the country are becoming prevalent. More than a dozen commercial banks, eighty or so non-banking financial institutions, around 200...
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Jan 30, 13 •
54 Views •
Business, Economy, Mining, News •
info •
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Mongolia delivered about 17 million tonnes of coal in 2012 and will double to 35 million by 2015 and 42 million tonnes a year by 2020, according to the latest estimation of UBS commodities. Prices for Australian metallurgical coal are set to benefit from...
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Jan 29, 13 •
86 Views •
News •
info •
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Cabinet approval for Mongolia’s first satellite in late 2012 makes clear the height of the country’s ambitions for improving information and communications technology (ICT) provisions. Although a satellite launch is an ambitious objective, improving...
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Jan 29, 13 •
33 Views •
Business, Mining, News •
info •
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The Aluminum Corporation of China (Chalco) said on Monday that it would seek legal redress if Mongolia sought to break a coal sales agreement signed in 2011. Mongolia’s state-owned Erdenes-Tavan Tolgoi, which runs the coveted 7.5 billion-tonne Tavan...
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Jan 29, 13 •
47 Views •
Business, Mining, News •
info •
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Graeme Hancock, the chief operating officer of Erdenes Tavan Tolgoi, has resigned as the company faces a cash crunch that’s disrupted shipments to China. The board of the state-run company accepted Hancock’s resignation this week. Hancock was the second-...
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Jan 28, 13 •
45 Views •
Business, Economy, Government, Infrastructure, News, transport •
info •
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The Cabinet meeting of Mongolian Government was held on January 26, 2012, discussing a number of timely issues faced by the policy makers. Following an earlier decision made by government, Mongolian Railway, a state owned company, has been provided with the...
