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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Altan Rio Announces Private Placement

Altan Rio
Minerals Limited, announces a private placement
financing of up to 4,000,000 common share units at a price of CA$0.25 per unit
for gross proceeds of up to CA$1,000,000. Each unit will consist of one common
share and one-half of one common share

Hakuho, Harumafuji remain impressive on Day 4

Defending champion Harumafuji sailed
to yet another win and yokozuna Hakuho demolished his fourth opponent to hold
on to his share of the lead at the Autumn Grand Sumo Tournament on Sept. 12 in
Tokyo”s Ryogoku Kokugikan.

Marking an easy win, Harumafuji
drove top maegashira

U.S. Chamber Leads Delegation to Mongolia to Expand Bilateral Ties

On the 25th anniversary of the
establishment of diplomatic relations between the United States and Mongolia,
U.S. Chamber Senior Vice President for International Affairs Myron Brilliant is
leading the organization’s first ever business delegation to Mongolia to
underscore the importance of U.S.-Mongolia relations and

November start for Mongolian mine

ASX-listed Guildford Coal was expecting coal production from its Mongolian
operation to start in November this year, after its 75%-held subsidiary Terra
Energy said that mining would start in the September quarter.

The North Pit of the South Gobi operation was expected to

iPhone 5 VS Samsung Galaxy S III

iPhone 5 болон Samsung Galaxy S III-ийг харьцуулбал:Сүүлийн үед байнга шахуу зохиогчийн эрхийн маргаан хийх болсон “Apple” корпораци болон “Samsung” корпорацийн хооронд технологийн ширүүхэн өрсөлдөөн болдог гэж хэлэхэд хилсдэхгүй. Мөн хэрэглэгчид ч энэ хоёр корпорацийн “iPhone” болон “Galaxy S” смартфонуудыг

Mongolian govt to seek Oyu Tolgoi copper mine talks -report

Mongolia”s new government has given its strongest indication yet that it
will seek to renegotiate a landmark deal to develop the Oyu Tolgoi project with
global mining giant Rio Tinto , adding to uncertainty over one of the world”s
largest copper-gold mines.

Mining Minister

N.Zoljargal nominated as Mongolbank’s President

President of Mongolbank L.Purevdorj has presented his
resignation letter to the Speaker of the parliament Zandaakhuu Enkhbold last
Monday.

Standing committee on Economy yesterday discussed
L.Purevdorj’s letter and decided to replace him. By the law the Speaker should suggest
nomination of new President and plenary

President will launch web site in old Mongolian script

The President of Mongolia Tsakhia Elbegdorj has issued a
degree on expand of use old Mongolian script-uigurjin in 2010. To implement
this degree and encourage use of old script President of Mongolia will launch
his official web site in old script.

The new web

Macroeconomic indicators by August 2012

The national consumer price index in August 2012, increased
by 0.7 percent compared to the previous month, 11.1 percent compared to the
beginning of the year, and 14.9 percent compared to same period of the previous
year.   The increase in national index

SouthGobi Resources fires CEO

SouthGobi Resources Ltd said it fired Chief Executive Alexander Molyneux,
about a week after China”s Chalco dropped its $926 million takeover bid for the
company, reported Reuters, on September 12.

The Mongolia-focused Canadian coal miner named Ross Tromans, who was general
manager marketing at

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