Mongolia Business and Mongolian Daily Business News

The Presidential Inauguration of Tsakhia Elbegdorj was held yesterday at the Sukhbaatar’s square in Ulaanbaatar. A series of festivities, including the Presidential Swearing-in Ceremony, Inaugural Address, Inaugural Military Parade and inaugural concerts ran in honour of the new President of Mongolia. Over 20 thousand people attended the 2009 Presidential Inauguration at the square of Sukhbaatar. Honorable envoy of guests attended the Presidential Inauguration from the Russian Federation, Republic of China, India, Japan, Republic of Korea, the USA, the Philippines and Canada. Read the rest of this entry »

Secretary of State Hillary Rodham Clinton delivers remarks with S.Batbold, Minister for foreign affairs and trade before their meeting yesterday.

SECRETARY CLINTON: Good morning. Minister Batbold is here on behalf of his country of Mongolia. There has just been a peaceful transition of power with a new president. We are very committed to supporting the government and people of Mongolia as they seek assistance to develop, as they continue their democratization, and as they reach out to the rest of the world. Read the rest of this entry »

ULAN BATOR, Sept. 21 (Xinhua) — A multinational peacekeeping military exercise concluded in Mongolia Sunday, with a closing ceremony 65 km east of the capital Ulan Bator.

Up to 360 military personnel from Mongolia, India, Thailand, Nepal and the United States participated in the field training exercise, code-named Khaan Quest 2008, at the training area.

Tsevegsuren Togoo, chief of staff of the Mongolian Armed Forces, said at the ceremony that the soldiers were trained for peacekeeping skills such as foot patrol, convoy and disarmament, adding that the multinational field exercise has attained its goal. Read the rest of this entry »

John Hill is the Principal Director for East Asia for the U.S. Under Secretary of Defense for Policy. Speaking at a forum hosted by the Asia Foundation in Mongolia’s capital, Ulaanbaatar, Mr. Hill noted that democracy took root in nations like Great Britain, France, Japan, Germany, and the United States only after centuries of evolution, which included violent conflict.

“So it is in this context of a long-term perspective that we should look at the progress Mongolia has already achieved in just a little more than twenty years of democratic government,” said Mr. Hill. “It is indeed a remarkable progress,” he said, “that reflects the free and independent spirit of Mongol culture over the millennia and a determination to protect that freedom and independence in a modern system of democratic government that provides the basis for economic development, that affords equal protection under the law, and that ensures the government serves the people by providing them the secure legal and social framework within which they can pursue their dreams.” Read the rest of this entry »

Kodiakan and Alaska Army National Guard soldier Justin Sekarak was promoted from private to private two on Sept. 10, during Exercise Khan Quest 2008 at Five Hills Training Center in Mongolia.

Sekarak, a member of the Alaska Army National Guard’s 3rd Battalion, 297th Infantry Group since November 2007, was promoted by Col. Antonio Shumate, commander of the Alaska Army National Guard’s 38th Troop Command. Read the rest of this entry »

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 12, 2008) – Bluerock Resources Ltd. (”Bluerock” or the “Company”) (TSX VENTURE:BRD) and Uranerz Energy Corp. (Uranerz) have closed the sale of their jointly owned Mongolian joint venture company, Rolling Hills Resources LLC (RHR), to Jindal Steel & Power (Mauritius) Limited (See News Release of June 24, 2008). The Mongolian joint venture assets had been previously deemed to be non-core to the Company’s primary focus of developing near term uranium production in Colorado and Utah, USA. Read the rest of this entry »

Sept. 11 (Bloomberg) — ING Groep NV, the largest Dutch financial services company, has been hired to manage a $300 million bond program for Mongolia’s Khan Bank LLC, paving the way for the Asian country’s largest ever dollar bond sale.

Amsterdam-based ING signed an agreement with Khan Bank for the global medium-term note program ahead of the official opening today of the Dutch company’s first office in Mongolia, said Sergelen Tsedendamba, the branch’s chief representative. Read the rest of this entry »

At a training centre west of Ulan Bator, troops from Mongolia, the US and a host of other nations are taking part in the Khaan Quest 2008 military exercises.

Over a three-week period, almost 500 soldiers and military representatives from around the world will participate in drills aimed at improving multinational peacekeeping operations.

Two hundred and twenty of the troops are Mongolian and another 100 are from the US. Representatives from Thailand, Nepal, France and India are also taking part. Read the rest of this entry »

Sydney Morning Herald has published Rio Tinto’s letter to shareholders today.

…In copper, we have announced additional resources of 628 million tonnes at Kennecott Utah Copper and substantial resources of over one billion tonnes at Resolution in the US and 2.8 billion tonnes at La Granja in Peru (refer to press releases dated 16 May 2008 and 29 May 2008). In Mongolia, we are making progress with negotiations with the new government to develop the significant Oyu Tolgoi copper/gold deposit. These substantial assets will form part of the next generation of copper mines, which will be required to meet rapid copper demand growth.

Rio Tinto’s letter to shareholders

Undarmaa Pirenlei writes down verses immediately whenever they come to mind. Her poems emerge from her encounters with people, the events of everyday life and her emotions. But Pirenlei’s poems capture something else: her inner struggle of her new life in the U.S.

Pirenlei came to the U.S. from Ulaanbaatar, Mongolia, in 2002. She was a high school exchange student in Phenix City, Ala. She enrolled at Johnson County Community College right after the exchange program.

She transferred to the University in 2007 and is a senior this semester. She is one of five Mongolian international students at the University. Read the rest of this entry »