President of Mongolia, Ts.Elbegdorj, attended the Memorandum
of Understanding signing ceremony during the banquet hosted by the Governor of
Zanjan province, Mohammad Radfi Nejad.
The MoU signed by the Minister of Foreign Affairs and Trade, L. Bold, and the
Governor Mohammad Radfi Nejad

During the visit to the Soltanieh Dome, President of
Mongolia, Ts.Elbegdorj, said “We have just visited the mausoleum of Oljaitu in
Iran. Tolui was the youngest son of Chinggis Khan. His son Hulagu Khan came
here and founded the Ilkhan dynasty. Afterwards, Mongolian

Rio Tinto  has expressed confidence that it would reach an agreement with China
over power supply to the Oyu Tolgoi project well in time so that production
begins on schedule. Oyu Tolgoi  is one of the world’s largest undeveloped
copper and gold assets,

Petro Matad 
has said it will spend up to US$47 million on exploration programmes on the XX
block in Mongolia over the next five years.

This comes as the Mongolian authorities extended the exploration period
under the production sharing contract (PSC) for the block.

While

President of Mongolia Elbegdorj
Tsakhia, who has traveled to Iran to attend the 16th Non-Aligned Movement (NAM)
summit, visited the Soltanieh Dome in Zanjan Province on Wednesday.

The Soltanieh, the mausoleum of
Oljaitu, is an Islamic monument that was constructed from 1302 to

SouthGobi Resources Ltd said the proposed
sale of the Tsagaan Tolgoi thermal coal project in Mongolia to
Australian-listed Modun Resources Ltd has been cancelled.

The Mongolia-focused coal miner said it was
evaluating options for the deposit, which remained non-core to its operations.
The deal value

Price of “Atar” bread will
increase by MNT 210 beginning from September 1.

According to the Kh.Battsooj, Executive
Director of “Talkh Chikher” company the new price caused by some additional
service such as bag. The “Atar” will cost MNT 840. State Inspection office
insisted

A Scotch whisky firm has set its
sights on Mongolia as it bids to make further inroads into new and emerging
markets.

BenRiach Distillery Company managing
director Bill Walker is to hold tastings in the central Asian country as part
of a trade mission

Research and
Marke
has announced the addition of the “Mongolia – Telecoms, Mobile and Internet” report
to their offering.

Since the Mongolian Government”s telecommunications reform program in the
mid-1990s, there has been effective liberalisation of all market segments,
partial privatisation of the fixed-line incumbent operator,

Turquoise Hill Resources (TRQ-T, TRQ-N),
formerly known as Ivanhoe Mines, says the first construction phase at its
sizeable 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi
desert is wrapping up with initial production expected to start by
year-end. 

Oyu Tolgoi – Mongolian for “turquoise