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

Diversified miner Rio Tinto said Tuesday it expects its copper output to start rising again in 2013 following three straight years of decline, thanks to improving ore grades and the start of its Mongolian mine.”Rio Tinto”s copper production is expected

Workers of the100 percent Chinese invested PetroChina Daqing Tamsag LLC, which runs petroleum operations in Dornod aimag, are making a call to strike on October 10th in order to have wages increased and conditions improved.The Union of Mongolian Transportation, Refinery