Khusuut coal mine has been added to the strategic deposits lists. The Minister of Mining Industry, D.Gankhuyag, raised the issue of Khushuut coal mine, located in Darvi sum in Khovd aimag, on 17th November during the Government meeting. Local residents

Local Administrative Election of sums, aimags or districts will be run on 21th November.According to Election law, candidates for Local Administrative Elections of sums, aimags and districts were registered on 9th November and handed certificates on 14th November. Candidates should

SouthGobi Resources swung to a net loss of US$54.56 million in the third quarter from a net profit of US$55.92 million in the period last year, while the mining firm”s revenue plunged 94.5 per cent to US$3.34 million in the

Mongolian-South Korean business forum held in “Blue sky tower” on 16th November. Over 50 Mongolian entrepreneurs, 25 Korean companies took part in forum organized by South Korean Embassy to Mongolia, Chamber of Commerce & Industry in Mongolia. During the forum

The Ministry of Environment and Green Development has decided to designate 2013 as “Year of Protecting Gobi Bear,” a critically endangered species in the country.The ministry has unveiled a series of protective measures, including the establishment of a nature reserve

The Local Administrative election will be held on 21st November. The Governor of the Capital City and Mayor of Ulaanbaatar, Erdene Bat-Uul, has announced some measures for the voting day to allow the coming local election to run normally. The

Australian lawyer Sarah Armstrong endured a fourth round of questioning today in Mongolia, nearly a month after being detained in the country.Ms Armstrong is the chief legal counsel for South Gobi Resources, majority owned by Rio Tinto, and has been

Development Bank of Mongolia is to issue a bond guaranteed by the Government soon. The Development Bank, which first experienced a 580 million US dollar bond in the market earlier this year, is planning to issue the second bond. The

A 28 years old Mongolian man died on a fishing vessel 17 km away from Dokjin, Incheon in South Korea on 14th November. Reports say that the Mongolian man was working with three other fishermen on the vessel. He was

Former vice president of Khadgalamj Bank, S.Sandagdorj is appointed as the first Deputy CEO of the Development Bank of Mongolia. This post, the first CEO of the Development Bank has been vacant since last July. The Managing Board of the