News
May. 15 | Former Mongolian President N.Enkhbayar has been freed on bail a month after he was jailed on accusations of corruption.
He had been on hunger strike just over 10 days to protest his innocence. N.Enkhbayar’s health condition is worsening says his...
May. 15 | In a bid to reduce costly imports and excessive dependence on Australian coking coal, India is all set to acquire a coal mine in Mongolia and set up the first steel plant there. The Indian government says the plan is to first supply the coal needed for...
May. 14 | Ivanhoe Mines announced last Friday that the company’s Board of Directors has appointed Dr. David Klingner as Chairman. The board has also reappointed Livia Mahler as a company director.
Upon his appointment, Dr. Klingner said, “It is an honour...
May. 10 | In a move to reduce dependence on highly priced Australian coking coal, India will acquire a mine in Mongolia and also set up the first steel plant in the quality coal rich country.
The Indian delegation comprising of Chairman of Steel Authority of India...
May. 9 | Coal miner Prophecy Coal yesterday announced its Ulaan Ovoo mine has become the largest independent supplier of coal to Mongolian power plants in just over a year.
In an update on its open pit coal operation, Prophecy said that since 2010, it has invested...
May. 8 | Ivanhoe Mines Ltd.’s IVN -4.82% shares fell sharply Tuesday after Mongolian anticorruption authorities visited the head office of the Canadian miner’s coal operations in the Asian country.
SouthGobi Resources Ltd. 1878.HK +5.54% said that...
May. 7 | The London Stock Exchange last week played host to international resources investors clamouring to grab a chunk of the commodity-fuelled economic boom that is sweeping Mongolia.
Hailed as one of the last frontiers for resources exploration, the central...
May. 7 | 5 stock trades were held at the Mongolian Stock Exchange last week and 437.1 thousand shares of 44 JSCs were traded totaling 426.0 million MNT in value. MSE Index top 20 reached 20493.96 units and was increased by 546.85 units or 2.7 percent. Share prices...
May. 7 | A wave of new infrastructure and phased housing projects in Mongolia looks set to give the country’s construction sector a huge boost while also generating wide-ranging opportunities for foreign investors in the building industry.
Mongolia is rolling...
May. 4 | After Chalco’s proposed bid of SouthGobi, the Mongolian government moved quickly to prepare a law that gave authorities a say in deals of this kind. This week a draft of the law was released and was unofficially translated into English.
Draft
LAW...