The $6-billion Oyu Tolgoi copper and gold project in Mongolia is on track to meet its initial production targetted to commence in the third quarter of this year with the construction of the mine”s first phase reaching 73 percent completion,

Victor V.Samoilenko, ambassador of the Russian Federation talks with Khaliun Bayartsogt about petrol, railroads and Russian businesses in Mongolia. How does the removal of the statue of Lenin make you feel as a Russian ambassador to Mongolia, with the long

L.Boldkhuyag, a member of the Golomt Bank Board, has been appointed as the Director of the Board by the Representative Administrative Board of the bank at their meeting on December 12th. A note of appointment has been delivered to the

The
Capital City Authorities meeting headed by the Governor of the Capital
City and Mayor of Ulaanbaatar, Erdene Bat-Uul, was held today. During
the meeting, Yo.Gerelchuluun, the head of Ulaanbaatar city Governor`s
office announced the names of the newly appointed

Ulaanbaatar city traditionally welcomes the New Year by lighting the New Years Tree in Sukhbaatar Square just before the New Year every year. This year the New Year`s tree lighting ceremony was publicly held on Sunday 16th. The City`s Governor

Last Friday a discussion was held between oil scientists, experts and CEOs of investor companies interested in the oil field in Mongolia.Scientist from the Mongolian Academy of Sciences (MAS), Universities and institutes jointly made a presentation on “the ways to

Friday`s plenary session meeting in parliament heard, upon
MP O.Baasankhuu`s request,  the reply on the
implementation work of the national program for the protection and restoration
of historical and cultural properties and the measures taken to protect these
cultural heritages.

There are 4,450 registered historical

The Central bank of Mongolia distributed 46.1 billion MNT financial assets to commercial banks within the subprogram “Price stabilization in staple food products”. The reserve management and agent companies have  spent the money in order to create meat reserve and

Mining experts say that the coal price, which has been kept down over the past months, has lead to an expected increase in price for coal in the coming months. The price increased by 850 yuan for washed coal, 650

G.Shiilegdamba, the Secretary General of MPRP made a statement to journalists during a press conference today. He announced that the MPRP withdrawal from Government will be finalized during the upcoming board meeting of the MPRP-MNDP Justice Coalition next week. MPRP