A statue of Vladimir Lenin will reportedly soon be removed from the Mongolian capital, Ulan Bator.Media reports say authorities have ruled that the statue of the founder of Russia”s Communist Party and the Soviet Union, placed in downtown Ulan Bator

RIO TINTO insists ancient Mongolian-Chinese rivalry is not contributing to delays on a crucial power link for its most important growth project.Negotiations to supply Chinese electricity across the Mongolian border to help run Rio”s massive Oyu Tolgoi copper and gold

Twenty MPs submitted a petition to the Prime Minister to change the OyuTolgoi Investment Agreement.  Afterwards, OyuTolgoi’s operation activity was presented to the Standing Committee on Economy by Ya. Dolgorjav, the executive director of Erdenes MGL LLC, and N.Batbaatar, the

In its largest investment in Mongolia to date, the EBRD is raising the standards in the country’s mining industry with a US$ 250 million loan for the development of the Tsagaan Suvarga copper mine located in the Dornogobi province, south-eastern

The 11thannual international symposium titled“Urban Safety of Mega Cities in Asia” began today at the Government house under the support of the president.  The symposium, which originated in Tokyo in 2002, has been held every year in different Asian mega-city.

The Mongolian Government agreed to grant apartment loans with 6 percent interest for low to medium income citizens who want to purchase an apartment through a100,000 apartment program being funded by the State bank.  However, yesterday the State bank officially

Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world”s largest consumer of key commodities.Rio said it had already made annual

Erdene Resource Development Corp. (ERD.TO) has initiated a further round of drilling on its 100% owned Altan Nar project in southwestern Mongolia.The current drilling program was started on October 7 and is expected to include up to 20 shallow holes,

Turquoise Hill Resources said construction of power transmission lines for its Oyu Tolgoi copper-gold project in Mongolia has been completed and it was confident of receiving electricity from China.Oyu Tolgoi, located 80 km (50 miles) north of Mongolia”s Chinese border,

British anti-poverty charity Oxfam has made its first venture into corporate finance with a £1m loan to a Mongolian machinery and equipment leasing company.The loan is being made by the Small Enterprise Impact Investing Fund – a joint initiative between