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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.

President issued a degree on athletes bonus

President of Mongolia Tsakhia
Elbegdorj issued a degree on athletes benefit. The degree aimed to encourage Mongolian
athletes effort for olympism, to ensure social stability for athletes. According
to the degree athlete who got Olympic medal will receive monthly bonus. Olympic
gold medalist will

Parliament approved Law on Government structure

Plenary session of parliament
yesterday approved a Law on Government Structure suggested by the Prime
Minister Norov Altankhuyag. Draft law said the new government will have 16
ministry and 19 ministries including Prime Minister. Previous government has 11
ministry. Norov Altankhuyag expanding number of

Ulaanbaatar will host Invest Mongolia 2012

“Invest Mongolia-2012” Frontier’s 6th annual
conference will held on September 3-5, 2012 in Ulaanbaatar, Mongolia.
Ulaanbaatar”s premier capital raising conference, with over fifty experts
speaking on the latest developments on the Mongolian investment scene. With our
550 attendees last year, and the same expected

China’s Takeover Bid for Mongolian Coal-Producer Expected to Fail

It is expected that the state-owned Aluminium Corp of China Ltd, or Chalco,
will drop its takeover bid for Mongolia’s coal-producer SouthGobi Resources Ltd
due to fierce resistance from the Mongolian government.

In April of this year, Chalco offered $926 million for a

Rio Unit Pays $19.4 Million to Cancel Ex-CEO’s Flight Costs

Turquoise Hill Resources Ltd building a Mongolian copper mine with Rio Tinto
Group, paid $19.4 million to cancel cost-sharing deals with companies linked to
former Chief Executive Officer Robert Friedland.

“These arrangements were on a cost-recovery basis and included aircraft
rental and administration

Mongolia’s First Wind Farm Nears Completion

Mongolia”s biggest export is coal
but the world”s fastest growing economy is starting to harness its vast
renewable energy potential with its first wind farm set to come online
later this year.

The 50 megawatt (MW) wind farm,
located 45 miles from the capital city of Ulan

When Nomads Settle The City: The Urbanization Of Mongolia

Over the last decade, Mongols have
rapidly begun to concentrate here in its capital, as well as other cities.

This trend is accelerating and
making Ulan Bator an unbearably crowded place, though still relatively small in
comparison with most of China”s major cities. Nevertheless,

Mongolian Paralympic archers train in Haslemere

Two Paralympic archers from Mongolia
will begin training at a Surrey leisure centre on Friday.

The two women, Natjav Dariimaa and
Byambasuren Javzmaa, will be preparing for the London 2012 Paralympic Archery
competition in Haslemere.

Waverley councillor Julia Potts,
cabinet spokesman for leisure, said she hoped

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