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MPs Oppose Uranium Exploration

MP’s Ya.Sodbaatar, S.Ganbaatar, and J.Erdenebat held a press conference on October 16th to criticize the uranium exploration that is included in the draft of the 2013 budget.MP Ya.Sodbaatar said “exploring and using radioactive natural resources is included in the draft

Zoo shows off pair of rare type of horses

The Assiniboine Park Zoo is now home to two Przewalski horses, an endangered species.“Przewalski’s horses are quite rare which makes this an even greater addition for our visitors since most have never seen them before.” Said Tim Sinclair-Smith, director of

Sister of the Former President Wanted by Interpol

Ex-president, the chief of MPRP N.Enkhbayar was recently sentenced to a four year jail term but he is currently admitted in a hospital for an unknown health condition. His was found guilty by the primary court and the decision was

Mongolia eyes U.S. Peabody to develop giant coalmine

The state-owned developer of the huge but remote Tavan Tolgoi coal deposit in Mongolia has invited U.S. miner Peabody Energy to help build infrastructure at the project ahead of a much-delayed bidding process, a senior company official said.State-owned miner Erdenes

Lower interest apartment loan will be granted again

Government announced it’s decision to reduce apartment loan to 0.6 percent per year last February. And Commercial banks issue apartment loan with 1.0-1.2 percent a month. But State bank which issues the loan stopped receiving lenders` applications since 9th October.

“Sun bridge” will become operational tomorrow

An operational ceremony for “Sun bridge” longitudinal crossbeam construction of highway bridge connected to the downtown and the 19th district of Ulaanbaatar will be held tomorrow. 262 meter long bridge construction has been built by Japanese free aid since June

Positioning system installed in buses

Public transport service “Bus -1” company installed positioning system in buses. The number that bus drivers likely to have accident increased lately.  Therefore some active measures taken such as having public transport bus run on the first line on the

Tax Proposal in Mongolia Threatens Rio Tinto Project

Rio Tinto’s biggest new mining project is under threat after the government of Mongolia said it was considering whether to renegotiate an investment agreement involving the $6 billion Oyu Tolgoi copper mine.Mongolia’s new government is in the process of passing

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