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Jan 7, 13 •
7 Views •
Infrastructure, Mining, News •
Badrakh Batkhuyag •
No Comments
On last Friday’s plenary session meeting of the SGH, Prime Minister N.Altankhuyag made a brief statement regarding the current political and socio-economic situation of Mongolia. Premier N.Altankhuyag provided information on the spending of the $1.5 billion...
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Jan 4, 13 •
10 Views •
Agriculture, Mining, News •
Badrakh Batkhuyag •
1 Comment
Despite a slowdown in economic growth, China’s coal output and imports have continued climbing to record highs. China will import more and consume more coal in 2013 to feed its ever growing economy. Industry estimates suggest that the total of...
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Dec 15, 12 •
6 Views •
News, Politics •
Badrakh Batkhuyag •
No Comments
The Parliament discussed the draft law on Presidential election yesterday. The Presidential election will run using an automatic voting system and will also allow Mongolians living abroad to vote in the countries with Mongolian Consulates. They have also...
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Nov 20, 12 •
5 Views •
Finance, News •
Badrakh Batkhuyag •
No Comments
The Democratic Party (DP) has more clearly outlined its financial objectives for next year’s budget and the national economy. The Ministry of Economic Development and a working group from Parliament have presented a plan for the first USD 1.5 billion from...
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Nov 20, 12 •
10 Views •
Government, Mining, News •
Badrakh Batkhuyag •
No Comments
The Ministry of Mining and Bank of Mongolia have both committed to cooperate to stabilize the price of petroleum this year. Mining Minister D. Gankhuyag and central bank President N. Zoljargal signed a memorandum with Director of the Petroleum Department G....
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Nov 18, 12 •
4 Views •
Energy, News •
Badrakh Batkhuyag •
1 Comment
The Minister of Energy B. Sonompil has introduced the large renewable power station that is being erected at the Tuv aimag’s Sergelen soum’s Salkhit mountains. The Salkhit wind farm which will be connected to the central grid will start distributing power...
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Nov 17, 12 •
12 Views •
Mining, News, Politics •
Badrakh Batkhuyag •
No Comments
Oyu Tolgoi’s current known reserve is 45 million tons copper and 1838 tons gold. That’s 5 times bigger than Erdenet which feed Mongolia in the past 30 years and about 600 times bigger than Boroo which was discovered in the socialist time. In addition,...
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Nov 17, 12 •
37 Views •
Business, News •
Badrakh Batkhuyag •
No Comments
A “Business Update-2012” forum will be held on November 24 at the “Blue sky tower” in Ulaanbaatar. It will be arranged here for the first time, now themed “One day investment, one year improvement”. As expected, participants will study experiences...
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Oct 16, 12 •
13 Views •
Mining, News •
Badrakh Batkhuyag •
No Comments
$6 billion Oyu Tolgoi copper mine is under threat after the government of Mongolia said it was considering whether to renegotiate an investment agreement. The new Mongolian government is in the process of passing a 2013 budget whose draft proposal includes...
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Oct 8, 12 •
7 Views •
Finance, News •
Badrakh Batkhuyag •
No Comments
A delegation of the EBRD’s senior management will visit Mongolia on 6-10 October 2012 on a country strategy mission. The purpose of the visit is to hold consultations on the Bank’s new three-year 2013–16 country strategy for Mongolia which is expected...
