A closing ceremony was held to mark
the end of Exercise Khaan Quest 2012 at the Five Hills Training Area near
Ulaanbaatar, Mongolia, Aug. 23.

Khaan Quest 2012 is a multinational exercise sponsored by U.S. Army Pacific,
hosted by the Mongolian Armed Forces, and

Presidents
of Iran and Mongolia attended a joint meeting in Tehran on August 31, to
discuss expansion of bilateral ties.

Iran-Mongolia relations are positive and the two countries
have immense historical and cultural fields in commons, said Iranian President
Mahmoud Ahmadinejad in a meeting

On August 30, the President of Mongolia Tsakhia ELBEGDORJ
participated in the Ministerial Meeting the XVI Summit of Non-Aligned Movement
(NAM), which is ongoing in Tehran, the Islamic Republic of Iran on August
30-31, 2012. At the meeting President delivered an addressing speech

China has fallen silent in its pursuit of a deal that would have unlocked
vast seams of Mongolian coal ahead of a deadline that expires next week, as
politics and a slowing Chinese economy likely scotched the proposed $920
million investment.

It is

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