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New executive director of Ulaanbaatar Railway

In accordance with the decision by State Property Committee, M.Enkhsaikhan, Executive Director of Ulaanbaatar Railway, was dismissed on Thursday.  On Friday the State Property Committee appointed P.Bat-Erdene as the new Executive Director of Ulaanbaatar Railway. According to an official source,

2013 named as the year of energy saving

The Ministry for Energy has named 2013 as the year of energy saving and gaining benefits. The Mongolian energy sector provides 414,000 households with electricity via 7 Power Plants and a number of sub-stations in 5 regions. Electricity use has

Rio Tinto seeks support for $4bn Oyu Tolgoi mine debt

Rio Tinto Group is said to have invited bankers to Mongolia to help it raise as much as $4 billion of debt for the Oyu-Tolgoi copper-gold site, the country’s biggest-ever mine.The world’s second-largest mining company has invited lenders as it

Free Style Wrestling State Championship begins

The State Championship 2013 for Free Style Wrestling starts at Buyant Ukhaa sport complex today. The competition will name its champions in two days. The Mongolian Freestyle Wrestling Association joint with the Ministry for Culture, Sport and Travel are holding

Remediation in damaged areas to be considered

In 2013 one task of the Mineral sector of Mongolia involves remediation of damaged places due to mining operations. The remediation is expected to begin soon. Mining companies will be in charge of remediation for the damaged areas. The Government

5 former bank directors sentenced

A trial for the directors of Anod bank and the Central Bank of Mongolia was held for 4 days at Bayanzurkh district court between January 7th and January 10th. The Economic Crime Investigation Department of the State Investigation Office investigated

Former president is likely to serve jail term in hospital

Former president, head of MPRP, N.Enkhbayar is in the hospital of detention center 401 in Zaisan for treatment. A team of doctors appointed by the Ministry for Health insist he should be taken to the State Second Hospital but the

Mongolia Moves up in WorldBank Ease of Doing Business Ranking

Mongolia is continuing its positive run in world indices and rankings with the release of the WorldBank’s “Ease of Doing Business” ranking, moving from 88 to 76.This comes on the heels of an Economist prediction that Mongolia’s economy will have

Executive director of Ulaanbaatar Railway dismissed

The State Property Committee (SPC) have decided to dismiss M.Enkhsaikhan, the Executive Director of the Ulaanbaatar Railway Mongolian-Russian Joint Stock Venture (UBTZ). The Ministry of Industry and Agriculture made a proposal to invest 330 million MNT from bonds left to

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