Mongolia”s XacBank LLC is considering an issuance of U.S. dollar bonds and
has hired ANZ and Citigroup to arrange meetings with potential investors, a
person with knowledge of the deal said Wednesday.

The investor meetings are scheduled to take place in London and

Mongolia”s government said it plans to review all foreign mining
investments, but pledged not to single out a deal with Rio Tinto to develop the
huge Oyu Tolgoi copper-gold mine, in a move that could calm investor concerns
over growing resource nationalism.

Mining minister

Manas Petroleum
(“Manas”) (TSX-V: MNP; OTCBB: MNAP) announces that its subsidiary,
Gobi Energy Partners LLC., plans to spud its second well in Mongolia on September 20, 2012.

Although Gobi Energy had
originally planned to drill its first well – Ger Chuluu A1 – to

One of the largest countries in the world and yet one of its most sparsely
populated, with only 1.9 inhabitants/km², Mongolia
is not entirely suited to the pursuit of the globe’s most popular game, due
mostly to its hilly terrain and extreme continental

The Economics Standing Committee of the State Great Khural
(Parliament) held its meeting on September 17th, where it was discussed the
current running activity of the “Erdenes Tavan Tolaoi” state owned
company in the West and East Blocks of Tavan Tolgoi site in

Scientists from nearly 120 countries are discussing the latest in
seismic research during the ninth General Assembly of the Asian Seismological
Commission.

Mongolian Deputy Prime Minister Dendev Terbishdagva said at the
meeting”s opening on Monday that the gathering held great significance for
Mongolia”s efforts to

First Sino-Mongolia Micro Finance Institution launched during the 2nd EuroAsia Conference September 3, 2012, Xinjiang – Urumqi Tianrong Microfinance Company hosted its grand opening ceremony in Urumqi today. The company is a joint venture of 5 investors: Tenger Financial Group

On September 18, the Ambassador Extraordinary and Plenipotentiary of the Swiss
Confederation to Mongolia Jacques de Wattevill, the Ambassador Extraordinary
and Plenipotentiary of the Kingdom of the Netherlands to Mongolia Aart Jacobi,
the Ambassador Extraordinary and Plenipotentiary of the Kingdom of Thailand to
Mongolia

The second session of the national training on budget management based on
civic participation, themed “Direct Democracy”, organized by the Office of the
President and “Direct Democracy” institute was held in the State House.
Over 1000 representatives of 21 provinces and 330

About 100 Malaysians and representatives from foreign
countries celebrated Malaysia Day in Ulaanbaatar, the capital of Mongolia on
September 17, 2012, reported Bernama.

The tarik (literally pulled tea), a specialty among the
Malaysian comminuty, and traditional Malaysian dances were performed after the
National Anthem was