Daily Business News Mongolia

North American-Mongolian 11th Annual Investors Conference Is To Be Held

North American-Mongolian 11^th Annual Investors Conference is to be held from 17 to 19 September at the Kempinski Hotel in Ulaanbaatar.

Her Excellency Anna Biolik, Canada’s new ambassador to Mongolia, will deliver the opening address at the NAMBC’s 11th annual Investors Conference on the morning of September 18. Other major Investors Conference speakers include Michelle O’Neill, the US Deputy Under Secretary of Commerce for International Trade and US Ambassador Mark Minton.

If you seek to participate Investors Conference, Please Contact NAMBC

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Prime Minister S.Bayar Receives Russian Ambassador

S.Bayar, Prime Minister of Mongolia received Boris Alexandrovich Govorin, Ambassador Extraordinary-Plenipotentiary of Russia to Mongolia. Ambassador Extraordinary-Plenipotentiary B.A.Govorin, informed on the knotty affairs in South Ossetia and Abkhazia and handed over the Statement of Ministry of Foreign Affairs of Russia on recognition of the independence of these countries by Russia. In addition, he addressed the issue of participation of the Cabinet leader to “The Fifth Baikal Economics Forum” to be held in Irkutsk, Russia.

Noting, “The Government of Mongolia thinks that it is important to solve the South Ossetian and Abkhazian affairs under the principle of respecting the rights and interests of the residents of these countries to be calm and amiable”, the Prime Minister of Mongolia S.Bayar informed that he planned to take part in “The Fifth Baikal Economics Forum”. Also he added, “During the Forum, authorities of Russian Government and ministries as well as regional delegates shall be seen and views shall be shared on bilateral cooperation and relationship issues. I believe that you, Ambassador would help us on providing us opportunities to run business talks and negotiations since we plan to get there on September 9 and return on same day. (more…)

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SCO members sign several documents

The Summit of the Shanghai Cooperation Organization is continuing in Dushanbe, Tajikistan.
President of Russia, Tajikistan, Kyrgyz Republic, Kazakhstan, China and Uzbekistan attended the session of the Council of heads of states of the SCO member states. Representatives of observer states – India, Iran, Mongolia and Pakistan – and honourable guests joined them later.

The participants of the summit discussed perspectives of development of trade-economic cooperation and humanitarian partnership, issues on combating terrorism, drug trafficking and transnational crime, political and legal aspects of the SCO expansion.

On the result of the session, several documents on cooperation within the framework of the SCO, joint communiqué and Dushanbe declaration was signed.

Dushanbe declaration included separate point on South Ossetia. The SCO member states expressed their concern and supported the role of Russia in peace-keeping and cooperation in the region.

SOURCE: www.uzreport.com

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Mongolian players compete in Pyongang table tennis invitational tournament

The 22nd Pyongyang international table tennis tournament opened at the capital of the Democratic People’s Republic of Korea (DPRK) on Thursday.

About 60 players from four countries including Mongolia, DPRK, China and India competed in six events.

“The tournament, beginning from 1981, has played an important role on building up international friendship and popularizing PingPong in the DPRK,” said Ri Yin Ho, an official from the sports commission of the DPRK.

The tournament was due to close on Monday.

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Events, Financial Statements and Exhibits for URANIUM 308 CORP

August 27, 2008,  URANIUM 308 CORP(URCO)

ITEM 8.01. OTHER EVENTS It has recently been discovered by Mongolia Energy Limited (”MEL”), a wholly-owned subsidiary of Uranium 308 Corp. (the “Company”), that Lin Dong Hong, now a former director of the Company, fraudulently transferred a 20.53% ownership of Tooroibandi Limited (”Tooroibandi”), which is a wholly-owned subsidiary of MEL, to Xinjiang Ridong Mining Investment Co. Ltd., a Chinese company that is owned by Lin Dong Hong, under Mongolia’s Foreign Investment and Foreign Trade Authority Resolution A-2783. Therefore, MEL has terminated the employment of Lin Dong Hong as the Executive Director of Tooroibandi and authorized Mongolian attorney D. Enkhtur of the law firm of Lehman, Lee & Xu to turn over evidence of Lin Dong Hong’s fraud to the Ulaanbaatar Prosecutor’s Office.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS Exhibits

Exhibit No. Description Exhibit 99.1 August 7, 2008 letter to State Registration Office of Mongolia August 7, 2008 letter to Foreign Exhibit 99.2 Investment and Foreign Trade Authority of Mongolia Claim filed with the Capital City Administrative Court, dated August 7, 2008, by Mongolia Exhibit 99.3 Energy Limited against the Foreign Trade Authority of Mongolia and the State Registration Office of Mongolia.

SOURCE: www.tradingmarkets.com

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Asashoryu wins Mongolian sumo exhibition tournament

ULAN BATOR, Mongolia — Yokozuna Asashoryu claimed victory before a packed crowd on the final day of the Japanese grand sumo tour of Mongolia on Thursday, after defeating fellow Yokozuna Hakuho in a playoff.

Asashoryu faced Hakuho, who had scored a victory the previous day, in the final bout at a circus facility to decide the overall winner. He claimed victory by hurling Hakuho out with an over-arm throw, and received the president’s cup from Mongolian President Nambaryn Enkhbayar.

“I’m thankful to the people of both countries (Japan and Mongolia) who love sumo. Bayarlalaa (Thank you),” a tearful Asashoryu said after his winning performance. (more…)

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Mongolian Opposition Leader Finds Limits to Protest

ULAN BATOR, Mongolia — Standing down doesn’t come naturally to Elbegdorj Tsakhia, who was a 27-year-old newspaper editor in the winter of 1990 when in subzero temperatures he helped lead a series of mass demonstrations and hunger strikes here that ended seven decades of communist rule.

Now a seasoned politician with two stints as prime minister behind him, Mr. Elbegdorj is more sensitive to the limits of protest in this young democracy.

The 45-year-old leader of the nation’s leading opposition group, the Democratic Party, brought Mongolia’s government to a halt this summer by refusing to have his party members take their seats in Parliament following elections in June that he says were corrupted by widespread fraud. (more…)

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Hopes rise for huge Oyu Tolgoi copper/gold mine agreement ratification as Mongolian Pariament sworn in

The eternal flame of hope burned more brightly for miners and explorers as Mongolia’s Parliament resumed its first session since a July 23rd walkout by the main opposition party.

Legislators were sworn in Thursday as the new parliament hopes to quickly elect a new chairman who will form a new Mongolian government.  The original swearing-in day was halted after opposition Democrats staged a walkout.

Rioting after Mongolia’s disputed June 29 election left five people dead, as thousands of people took to the streets to protest against alleged election fraud. The election gave the ruling Mongolian People’s Revolutionary Party (MPRP) a comfortable margin of victory with 47 of the 76 seats in parliament, while the Democratic Party won 26. (more…)

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New Mongolian parliament sworn in

ULAN BATOR, Aug. 28 (Xinhua) — Mongolia’s new parliament resumed its first session and swore in legislators Thursday.

Proceedings at the opening session on July 23 had been stalled when the main opposition Democratic Party staged a walkout alleging vote fraud in the June polls.

The country’s two biggest parties, the Mongolian People’s Revolutionary Party (MPRP) and the Democratic Party, won 42 and 25seats respectively In the 76-seat parliament.

The new parliament will elect a chairman soon and form a new government. (more…)

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NGO reaches out to students abroad

Talk about learning by doing. A project launched recently by a Czech nongovernmental organization is giving university students in Mongolia a chance to gain firsthand experience in Central Asia’s social and healthcare service scene.
Caritas Czech Republic — or Charita Česká republika — is one of the country’s largest NGOs that focuses on social and healthcare services. The organization first began its operations in Mongolia in 2006 when it submitted a bid on a four-year internship project for students of social work and for workers of NGOs.
The main goal of this 12 million Kč project is to improve the quality of education for future social workers but, at the same time, to organize regular training for employees of different Mongolian NGOs. (more…)

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