Petro Matad Ltd Thursday said it is unaware of any reason for the recent sharp increase in its share price.The stock has risen 86% from an opening price of 3.5 pence on Monday to 6.50 pence on Thursday.The oil exploration

Haranga Resources (ASX: HAR) has been awarded a pre-mining agreement with the Mineral Resource Authority of Mongolia for its 80% owned Selenge Iron Ore Project.The project is located in Mongolia’s premier iron ore development region of Darkhan – Selenge with

Turquoise Hill Resources, operator of the Oyu Tolgoi copper-gold mine in southern Mongolia, has completed a rights offering expected to gross US$2.4 billion. Slightly more than 1 billion common shares will be issued.The company says it will use the net

The Mongolian Government has initiated prompt actions to protect the Mazaalai, or Gobi bear, by establishing a nature reserve to restore a safe habitat, by opening a zoo and setting up a working group to explore ways of increasing the

Mongolia`s news channel “Eagle News” has become an official partner with CNN from 2014. As part of the cooperation deal that was signed between Mongol Mass Media group and Turner Broadcasting System, the head company of CNN in 2013, a

Moody’s Investors Service has placed negative outlooks on three Mongolian banks, citing risks from rising bad loans, slower economic growth and a deteriorating operating environment.Moody’s changed its outlook to negative from stable on Khan Bank LLC, Trade, Development Bank of

Employees of Bus-1, the Capital city own enterprise, are on the second day of strikes since January 8th, 2014. On Thursday morning employees of three other bus companies,  “Tenuun ogoo”, “Tenuun delger” and “Transbus”, that provide public transport service joined

President Ts.Elbegdorj is to make his first visit in the New Year to Switzerland. The Annual World Economic Forum where political and business leaders, heads of governments, intellectuals and other leaders of civil organizations are present will be held on

The Standing Committee on Security and Foreign Policy during Wednesday`s meeting discussed a draft resolution on Parliament establishing diplomatic relations with foreign countries on January 8th, 2014. Foreign Affairs Minister L.Bold stated that Mongolia, a member country of the UN,

The Constitutional Court of Mongolia is conducting ceremonial event for the Constitution day at 10.00 pm today on January 9th, 2014. Mongolia will mark the 22nd anniversary of new Constitution law adopted in 1992. In the scope of the celebration,