Peabody Energy is Interested in Mining
Last Friday, delegates, headed by Taib Taheer, CEO of Northeast Asia affairs of Peabody Energy Corporation of the United States, visited the President of Mongolia N.Enhbayar. Delegates of the world biggest U.S. private coal company introduced the world class proposal on developing Mongolia’s coal production. The proposal has been developed by US leading corporations; marketing […]
Statement by S.Bayar, Prime Minister of Mongolia at the Parliament Session
On current state, recent pitfalls, measures of solution on oil products
Dear Speaker and
Dear Parliamentarians,
Recently oil price went up dramatically at the world market.
As of January 2007, price of 1 barrel oil at NYSE was USD 52.84 whilst as of yesterday it reached USD 113.4, going up by USD 60.56. It results increase in domestic […]
Mongolia Targets 14pc Growth, Investments
Mongolia wants to achieve annual economic growth of 14 percent over the next eight years, powered by foreign investment and cheaper capital as it taps centers like Hong Kong, a government official said. All sectors of the resource-rich country, which borders Russia to the north and China to the south, are open to foreigners, Sedbazar […]
MP N.Batbayar: “No mistake” Is to Which the Working Group Adhere
The Parliament started to discuss the draft law on modifications to the Minerals Law of Mongolia yesterday. Working group, which worked on the draft law formulation for more than two months, developed the “undebatable” draft version and made conclusion on April 9. Working group, comprising of the PM, Minister of Industry and Trade, 4 MPRP […]
Prime Minister S.Bayar: The Session Was Suspended But the Issue
Session is suspended due to the Democratic Party. It is heard that you have frustrated?
It is pity that ad hoc session is suspended. But the issue is not suspended. If ad hoc session is not available for the adoption, then, I believe that regular session can solve move the issue forward.
Ts.Elbegdorj, Chairman of the Democratic […]
Pave Road Between Tavan tolgoi and Oyutolgoi Is To Be Constructed
One of the crucial issues in regional development is to improve road and infrastructure of the Gobi region and link mineral deposits to each other, to border ports and to administrative units. With reference to state ownership of Tavan tolgoi, it was viewed that 160 km road should be constructed between Tavan tolgoi and Oyutolgoi […]
P.Ochirbat, the First President of Mongolia: Nothing Is Well-Made In the Draft Law On Mineral.
The share of foreign investment in the strategic deposits will be no more than 49% in the provisions of the draft law on amending the Mineral Law of Mongolia. There are many debates and discussions around these 49 and 51 percent. What is your position towards them?
Everybody is talking nonsense. According to the Constitution […]
Civil Movements Think That Four Percent of “Energy Resource” Is illegal
96 per cent of the Tavantolgoi coal deposit is transferred to government, and “Energy Resource” left with four per cent which is equal to a license. Civil movements made joint information on this issue. They have position that Tavantolgoi must be transferred to government wholly. They think it’s unjust that they are staying with best […]
Government Takes Main Resource of Cocking Coal
And research is undertaken what to do with remaining parts
Issues related to Tavantolgoi have been decided after being discussed for several times but draft law of amendments to the minerals law got stuck. Anyways, social movements and those who are interested in nomination to the coming election give high importance to it, holding […]
Kh.Narankhuu: Mining Site of Tavantolgoi Trans Might Be Transferred
We are speechless if Russia brings out the issue of Asgat during the visit of PM to Russia
We got views of Mr. Kh.Narankhuu, Minister of Industry and Commerce.
Prime Minister noted that Tavantolgoi would be taken into state ownership 100 percent. As a result of negotiation, 4 percent was left to Energy Recourses.
It […]
