Oyu Tolgoi feasibility study (Update 1): Feasibility study report submission was rejected.

Dec. 23 | Last fall, Oyu Tolgoi project IA was signed by the Mongolian Government and Oyu Tolgoi investors (IMMI and Rio Tinto International Holdings Limited). Singing parties were talking about unlocking the biggest ever Mongolian mining opportunity. But, Oyu...

Emeelt Mines uranium exploration license was suspended for three months

Apr. 19 | MRA handed an official notice to Western Prospector Group. Western Prospector Group has started negotiation on possibilities of selling its 75% of total equity to Nuclear Energy Agency of China with 31 million US$. AKPC_IDS += "3527,";Popularity: 3%...

IMF Announces Staff Level Agreement with Mongolia on US$224 Million Loan

Mar. 9 | Press Release No. 09/64 March 6, 2009 Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Mongolia today: “An IMF staff mission and the Mongolian authorities today reached agreement,...

President Enkhbayar met with Prime Minsiter Putin

Feb. 2 | During World Economy Forum at Davos, Switzerland, President Enkhbayar met with the Russian Prime Minister Putin. Mr. S.Batbold, Minister for Foreign Affairs and Trade, Mr. D.Tsogtbaatar, Secretary of the State and Mr. L.Orgil, adviser in charge of foreign...

N.Enkhbayar is attending Davos Forum

Jan. 31 | President N.Enkhbayar is attending economy forum in Davos, Switzerland. After his landing at Zurich, President Enkhbayar met with Mr. Kim, President of Hyundai and Mr. Kim expressed his willingness to expand its business and investment in Mongolia. Also...

Mongolian side will own 34% in the Oyu Tolgoi final deal

Jan. 30 | Right at the moment, an unscheduled Cabinet Meeting is being held to discuss the Oyu Tolgoi and Tavan Tolgoi investment agreements. Minister D.Zorigt informed us about the recent developments and outcomes of the meeting. Q: What is the situation now? D.Zorigt:...

The Government is discussing the negotiation issue of “two tolgois”

Jan. 30 | According to the given timeframe, the Cabinet Meeting is discussing the issue of “two tolgois”. Minister D.Zorigt presents negotiation making procedure, and its recent developments. After Cabinet Meeting discussion, Standing Committees will discuss...

Risk Fund will be used again

Jan. 12 | During the last Friday session of the State Great Khural, meat reserve issue and amendment of the Law on Mongolia Development Fund was discussed. In order to improve meat supply, eliminate many broker levels between herders and consumers and prevent price...

Mr. L.Purevdorj, a newly appointed President of Mongol Bank: will hopes to provide more money into the market

Jan. 12 | Shortly after his appointment as the President of Mongol Bank, Mr. L.Purevdorj answered some questions from the media. Q: What will be your first goal? L.Purevdorj:  I will begin with the regular duty of the President. I am not the President yet. I haven’t...

80% of government and state officials will surrender from their party membership

Jan. 8 | Official statistics says that there are over 140 thousand state and government officials in Mongolia. About 20% of them including the President, MPs, Cabinet Ministers, Deputy Ministers, Governors of all levels and state owned entities, are political...