SouthGobi Resources Ltd. (SGQ), a coal miner in Mongolia, is seeking additional financing to avoid a default on $250 million in debt, hurt by low prices and weaker-than-expected demand from Chinese buyers. Shares fell.Based on forecasts for 2014, SouthGobi won’t

Ulaanbaatar hosted the first consultative meeting between the Foreign Ministries of Mongolia and the Republic Korea on March 25th. Mongolian representatives at the meeting were chaired by the Director of the Department of Policy Planning and Research from the Foreign

The University State Championships of Mongolia will be held in 10 sports this year including Judo, Handball, Volleyball and Chess.The first ever University Taekwondo Championships in Mongolia will be held at the Cultural Palace of Mongolian Trade Unions between March

IMAX Corp and New Tour Safaris have struck an agreement to build the first IMAX theaters in Mongolia.The first two theaters will be installed in new Urgoo Cinemas complexes being constructed in Mongolian capital Ulan Bator.The deal means that IMAX

On Tuesday March 25th a minor earthquake shook southwest Mongolia 40 km away from Tonkhil sum in Govi-Altai aimag early in the morning. The 3.5 magnitude earthquake occurred at latitude 46.13, longitude 93.47 according to the Research Center for Astronomy

SouthGobi Resources Ltd. (TSX: T.SGQ, Stock Forum) a Canadian coal miner with operations in Mongolia, said it could default on a debt repayment and was looking to raise money, according to a Reuters report, sending its shares down as much

The Foreign Ministries of Mongolia and Switzerland held the third consultative meeting in the city of Berne in the Swiss Confederation on March 24th. At the consultative meeting, the Deputy Foreign Minister of Mongolia, D.Gankhuyag chaired on the Mongolian side

Today a meeting was held at Government House between the Chairman of the Parliamentary Standing Committee on Security and Foreign Policy, Ts.Oyunbaatar, MPs Ts.Tsolmon, and N.Enkhbold and the Secretary-General of the Shanghai Cooperation Organisation (SCO) Dmitry Mezentsev, the SCO Deputy

Mongolia will seek to resolve an impasse with mining group Rio Tinto over the $6 billion Oyu Tolgoi copper and gold project during a parliamentary session starting next month, a senior government official said on Thursday. The three-month session begins

Mongolia announced Saturday that it will build an international-standard narrow gauge railroad across its border with China to transport its minerals from the Mongolian Gashuun Sukhait port to China”s Gants Mod port.Ulaanbaatar has permitted Erdenes Tavan Tolgoi, a state-owned mining