A Boy Jockey’s Last Ride in Mongolia
KHUI DOLOON KHUDAG, Mongolia — The boy and his uncle sat on their horses on the rolling grasslands here on Saturday and watched the jockeys ride their steeds to the starting line.
They said there were so many ways the jockeys, almost all boys, might cheat. For instance, a registered jockey could secretly switch with a better rider at the last minute by handing over his green bib.
“Who knows what the riders might do to win,” said the boy, Munkherdene, 13, who had raced the previous day and was happy to be just a spectator Saturday.
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Mining template not ideal for Mongolia, investors
By Lindsay Beck - Analysis
ULAN BATOR (Reuters) - Mongolia’s political parties are locked in post-election squabbling, but once the dust settles a new government could finally pass deals to tap the coal, copper and uranium that sit beneath its vast deserts and grasslands.
But analysts say the deal that goes ahead would be less than ideal for either Mongolia or foreign investors, with the country better served by taxing its mineral wealth, rather than seeking direct government ownership in massive mines.
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Tragedy at the Mongolian National Modern Art Gallery
Political protests which turned violent in Ulaanbaatar, Mongolia on July 1st claimed an accidental victim: the Mongolian National Modern Art Gallery.
Last Monday protestors gathered outside the Communist Party headquarters – adjacent to Ulaanbaatar’s Cultural Palace, housing the Modern Art Gallery, National Philharmonic, Theatre Museum, and dozens of NGOs and small businesses – to voice their concern over allegations of widespread vote buying and electoral rigging during the previous weekend’s national election.
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Mongolia steps up to world stage
By Kate Burgess in London
For three days in June a delegation from the Mongolian Stock Exchange – one of the world’s smallest – was holed up in one of Seoul’s top hotels.
More than 400 international investors at a conference on corporate governance were debating orderly stock markets, globalisation, state-owned enterprises and sovereign wealth funds, corporate governance and shareholders’ relationship with the companies they own.
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Deal-making Mongolia Energy defies sceptics
By Eric Ng
If Mongolia Energy Corp is any indi-cation of how volatile share trading in back-door-listed companies can be, Hong Kong Exchanges and Clearing’s reluctance in allowing such deals is understandable.
Mongolia Energy, a little-known coal and metal resource exploration company that has yet to start production, has seen its share price rocket as much as 65 times since its exploration assets were listed early last year.
Shares of the firm last traded this week at an incredible 2,435 times last year’s earnings. Its market capitalisation of HK$93.92 billion of Yanzhou Coal Mining, the listed unit of the mainland’s fourth-largest coal producer, Yankuang Group.
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Mongolia builds its trading presence
Kate Burgess looks at plans by the country’s exchange to draw more foreign investors
For three days last month a delegation from the Mongolian Stock Exchange - one of the world’s smallest - was holed up in one of Seoul’s top hotels. More than 400 international investors at a conference on corporate governance were debating orderly stock markets, globalisation, state-owned enterprises and sovereign wealth funds, corporate governance and shareholders’ relationship with the companies they own.
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Mongolia calm after election riots
(CNN) — Calm returned to the Mongolian capital Thursday after a post-election political rally descended into violence.
Officials were expected to release final results from the weekend’s parliamentary election Thursday or early Friday, Bat Dileg Chulunbaatah of the Foreign Affairs Ministry told CNN.
The capital city of Ulaanbaatar was in the second day of a four-day state of emergency after thousands of protesters, alleging election fraud, clashed with police late Tuesday. The rioting left five people dead and injured 220.
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Streets calm in riot-hit Mongolia
The streets of the Mongolian capital, Ulan Bator, are reported to be calm, two days after rioting that left five people dead.
The situation had stabilised, the justice minister said, and police had replaced troops on the streets.
A state of emergency remains in place in the wake of the violence which erupted on Tuesday night.
Thousands of people took to the streets to demonstrate against alleged fraud in Sunday’s general election.
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7 Videos from Post Election Protests and the State of Emergency in Mongolia
Civil Society Statement
July 2, 2008. Ulaanbaatar, Mongolia. We deeply regret the violence that erupted after the public protest on July 1, 2008, leaving several people dead, many injured, and valuable public and private property destroyed, including precious cultural artifacts. We believe this violence was an extreme expression of deep-seated anger and frustration accumulated by significant sections of the society as a result of persistent injustice and corruption.
We regret that during this critical time of public unrest and violence, political parties are seeking to maximize their political gain in pursuit of their narrow interests with no regard for people’s lives and human rights and freedoms.
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