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N.Enkhbayar stops hunger strike, freed on bail
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...
India to set up a steel plant in Mongolia
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...
Ivanhoe Mines Appoints New Chairman
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...
India to acquire coking coal mine in Mongolia
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...
Prophecy Coal’s Ulaan Ovoo mine now the largest supplier of coal to Mongolian power plants
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...
Ivanhoe’s share declines after ACA visit
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...
LSE hopes to benefit from the MSE growth
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...
Weekly Stock Exchange Review
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...
Mongolia: Boosting local construction
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...
