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Mongolia bans acetic acid

Acetic acid is now included in the list of chemicals forbidden for use in Mongolia.The Ministry of Environment and Green Development and the Ministry for Health announced a ban on the use of more than 25 percent concentrate acetic acid

Shareholders of Oyu Tolgoi will negotiate in a closed meeting

The re-negotiation on the Oyu Tolgoi project between shareholders is scheduled to happen in Ulaanbaatar city today. But Oyu Tolgoi LLC refused to give any information about the whereabouts or when the re-negotiation will be held but promised to make

Tsagaan Sar wrestling ticket on sale

The Annual Wrestling held in dedication to the Mongolian Traditional Holiday, Tsagaan Sar for the Year of Water Snake, according to Lunar calendar, will be held at the Wrestling Palace at 14.00 pm on February 10th, New Year’s Eve. The

Talks with investors over OyuTolgoi continues

Shareholders meeting over the heated OyuTolgoi issues started at Ministry for Mining at 14.00 pm today. A team headed by Minister for Mining, D.Gankhuyag is representing  Mongolian Government at the shareholders meeting. Minister for Mining, D.Gankhuyag, Minister for Economic Development,

Orix announces participation in Mongolia’s first PE fund

Orix Corp., an integrated financial services group, announced on Feb. 4 its capital participation in the private equity fund, “The Mongolia Opportunities Fund I,” established by the investment firm Mongolia Opportunities Partners as the first private equity fund in the

Ouy Tolgoi project under question

It is now recognized that the controversial Oyu Tolgoi Investment Agreement is not beneficial for Mongolia because investors have increased capital expenditure violating the terms of the Investment Agreement. The Oyu Tolgoi Investment Agreement that was signed in 2009 says

Negotiations over Oyu Tolgoi project

Over three years has passed since the Oyu Tolgoi Investment Agreement was signed but the Agreement remains controversial. President Ts,Elbegdorj raised questions over the inflation of the project costs during an open discussion on the report of Oyu Tolgoi at

Embassy building in Russia was not sold

After a local newspaper reports that the Mongolian Embassy in Moscow, Russia, might have been sold, the director of the Department of Law and Treaty of the Ministry of Foreign Affairs, B.Mandakhbayar, spoke to the newspaper. -Local reports say that

SouthGobi Sands case might go to Prosecutors Office

A case involving the controversial licenses of SouthGobi Sands, a foreign Mining company, might be delivered to the Ulaanbaatar Prosecutor`s Office as the investigation is in final stage according to a source close to the matter. Former Chairman of the

Declaration of income only 65 percent complete

The Anti-corruption Authority reported that the process of the declaration of income and conflict of interest is going poorly with civil servants of the Minister for Health and Minister for Foreign Affairs, in Khuvsgul aimag, Bayan-Ulgii and Gobi-Altai aimag. The

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