The Standing Committee on the Budget approved the Bill on the Glass Account submitted by President Ts.Elbegdorj on Wednesday as it was backed by the majority of Committee members.  The Bill was formulated with the intent to make the State

Since the massive Oyu Tolgoi gold and copper mine opened in the Gobi Desert in 2010, billions of Mongolian tugrugs have poured into the government’s coffers in Ulaanbaatar. Rio Tinto, the Anglo-Australian majority owner of the mine, provides grants and

A temporary halt has been put on the “New Railway” project to construct a 217.9 km rail line connecting Ukhaa-Khudag in Tsogttsetsii sum to Gashuun-Sukhair border port in Khanbogd sum in Umnugovi province. The execute operator of the project is

It has been revealed that one of the world”s most endangered animal species, the Mazaalai or Gobi bear, originated from Mongolia. T.Odbayar, researcher from the Genetics Laboratory of the Institute of Biology, at the Mongolian Academy of Sciences, has completed

Turquoise Hill Resources Ltd. (TRQ), the miner controlled by Rio Tinto
Group, said all parties in the Oyu Tolgoi copper mine in Mongolia agreed
to seek a funding extension for the underground expansion amid talks
with the government.Requests to extend

Viking Ashanti (ASX:VKA) has reported that acceptance for its off market takeover offer for unlisted Mongolian thermal and coking coal company Auminco Mines has reached 56.62%.This puts it on track to secure a package of advanced coal assets including the

The hunting quota for 2014 has been set at 28 wild sheep, 41 wild goats, 20 red deer, 20 grey wolves, 20 roe deer and 200 Mongolian gazelle. The quote for the catching of 20 saker falcons for research work

During Monday’s meeting, the Standing Committee on Justice in Parliament discussed the call by MP O.Baasankhuu for Justice Minister Kh.Temuujin to resign. The majority of the Committee members, however, voted for the discussion to be postponed. The Democratic Party (DP)

The “Youth Labor Exchange” is to hold the “Graduate student – 2014” labor fair today on April 15th. The aim of the labor fair is to tackle bureaucracy and other problems among youth when they are searching for a job,

Viking Ashanti Limited is moving closer to a friendly takeover of Auminco that could see the combined entity become a producer of thermal coal within the next 12 to 18 months.Auminco shareholders will emerge with a 47% stake in Viking,