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

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.

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

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

Minister for Road and Transportation of Mongolia Mr. A.Gansukh announced to develop a railroad construction along the south of Bogd Khan mountain.  The project is expected build a new 170 km railroad  to connect relay stations Mandal-Bagakhangai, drive through Batsumber,

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

The company formerly known as Ivanhoe Mines says it has rejected the Mongolian government”s request to renegotiate an investment agreement for the Oyu Tolgoi mine, one of the world”s biggest new copper developments.Turquoise Hill Resources (TSX:TRQ) said Monday that Mongolia”s

The 2013 budget discussion was held in Citizens` hall next to the Presidential office. Parliament made the first discussion on the 2013  budget and relayed it to the associated Standing Committees.  The finance and economy subcommittee then held a regular

Mongolian Students’ Union submitted a claim to the Anti -Corruption Authority (ACA) in order to have one of Mongolia’s prestigious universities investigated.  The claim states that Mongolian National University insisted students pay 1-1.5 million MNT for enrollment in a charity

The vast open landscapes of Mongolia are one of the great wildernesses of Asia. Famed for nomadic cultures that depend on the land, this former communist country of almost 3 million people has the world’s fastest growing economy, due to