Tavan Tolgoi IPO likely in 2013

Mongolia’s government is planning to launch an initial public offering for the Tavan Tolgoi coal mine and list it in the first quarter of next year, the chief executive of a Mongolia-based investment bank that advises the government on mining policies said Wednesday. The Mongolian government plans to list shares of Tavan Tolgoi simultaneously in […]

SouthGobi Resources Announces Start of Construction on New Paved Coal Highway to Mongolia-China Border

SouthGobi Resources Ltd. announced today that construction has commenced on a new paved coal highway to the Mongolia-China border. A ribbon-cutting ceremony was held June 16, 2012 to commemorate the start of construction. On August 2, 2011, the State Property Committee of Mongolia awarded the tender to construct a paved highway from the Ovoot Tolgoi […]

Mongolia and China to promote bilateral economic cooperation

China-Mongolia economic and trade conference opened in China on Friday to promote bilateral economic cooperation. The event, jointly organized by the Mongolian National Chamber of Commerce and Industry and China Inner Mongolia International Trade Promotion Association was aimed at providing a platform for cooperation between Chinese and Mongolian enterprises. Present at the gathering were representatives […]

Democratic Challenge in Mongolia

The U.S. and other Western democracies have spent the better part of the last decade pushing for democratization across the globe. We have intervened in Iraq, Afghanistan and Libya and supported countless other efforts with aid and ideas to press democratic ideals for the disenfranchised and oppressed. While this is undoubtedly a worthy cause, there […]

Mongolia attends NATO summit 2012

Close links between Mongolia and NATO are a step forward for Mongolia to implement its “third neighbor” policy of building ties with partners other than neighboring Russia and China, analysts said. The links also came amid the strategic shift of NATO and the United States toward the Asia-Pacific, analysts said. Mongolia attended the 2012 NATO […]

The New Investment Law is approved

Mongolia’s parliament approved a new investment law Thursday that caps future foreign participation in certain strategic industries, reflecting a growing public push to keep profits from the mineral-rich nation’s industries inside the country. When it goes into effect, the law will require foreign investors to obtain government review and parliamentary approval for investments at 49% […]