Petro Matad (LON:MATD) unveiled ambitious plans for its Mongolian licences after completing work to assess their potential.Carried out under the guidance Ridvan Karpuz, who has been elevated to the main board, the results of this early evaluation could be the

During Monday`s Government cabinet meeting it was decided that the Disaster Security Office, a part of the Public Administration Organization, will be restructured. The 11 administration offices already in existence will be kept but two more will be added, a

Former MP Ts.Sedvaanchig has been appointed as CEO of state owned Erdenes Oyu Tolgoi LLC. The suggestion for the new CEO of Erdenes Oyu Tolgoi was submitted by the Government and the decision to accept Ts.Sedvaanchig as CEO was reached

During Saturday`s Cabinet meeting the issue of importing workforces in 2013, and the proportion of qualified personnel among them and extension of workforce agreements for large construction projects and programs was discussed. A decree was passed on the matter.  The

The Ministry of Justice is discussing the issue whether to extend night club closing time until 04:00 am. The issue was first initiated by E.Bat-Uul, the Governor of the Capital City and Mayor of Ulaanbaatar. The Ministry of Justice said

The Authority for Fair Competition and Consumer Protection (AFCCP) announced that the fuel price per litre is to increase by 50 MNT.Officials say that the fuel AI -92 price increase is certain but if other fuel and diesel prices will

At the end of the year professional press bodies traditionally award people and particular event of the year with titles. News.mn would like to name E.Bat-Uul, the Governor of Capital city and Major of Ulaanbaatar, as the person of the

Elderly people and handicapped people will receive 340,000 MNT free allowance.  S.Erdene, Minister of Human development and Social Welfare said from Monday 340,000 MNT free allowance will be given to older and handicapped people.  The Mongolian government decided to issue

SouthGobi Resources Ltd. (1878), controlled by a unit of Rio Tinto Group, said its chief lawyer Sarah Armstrong has been cleared in a probe by the Mongolian Independent Authority Against Corruption and is free to leave the country after being

AIM-listed mining company Petro Matad has published an operational update on three PSC licenses that it holds in Mongolia.Hydrocarbon generating potentialThe company reported that nine major sub-basins had been identified in areas defined as “Blocks IV” and “Block V” and