Mongolian athletes ended London Olympic games with record
five medals-two silver and three bronze. In last day of Olympic Games in London
Nyambayar Togstsgogt lost to Cuban teenager Robeisy Ramirez Carrazana in men’s
boxing fly weight final.

On August 2, Naidan Tuvshinbayar, Beijing

Canada-based company Prophecy Coal on Thursday said it had temporarily
suspended mining since July at its Ulaan Ovoo coal mine, in Mongolia, owing to
its 187 000 t stockpile being enough to meet contractual obligations to the end
of the year.

The company said

Mongolian Mining Corp. (0975.HK), Mongolia”s top coal producer
by volume, has cut its 2013-14 overall output target by over 13% due coking and
thermal coal price differentials, logistical issues and weaker demand, Chief
Executive Battsengel Gotov told Dow Jones Newswires.

The reduction comes

Kincora Copper has announced the partial results of the qualitative and
quantitative analysis from the Hole BF62 located in the West Kasulu zone at
Bronze Fox and from the license Tourmaline Hills in Southwest Mongolia.

The company disclosed intersecting significant amounts of

The company formerly known as Ivanhoe Mines
Ltd has started trading on the Toronto Stock Exchange under its new name and
ticker symbol: Turquoise Hill Resources Ltd.

The name change, approved by shareholders last month, was part of a deal
earlier this year that

On the evening of 8 August, from operational duty INTERIOR MINISTRY reported
that a group of tourists from Mongolia in numbers 16 persons were in a forest
in Kabanks district of the Republic of Buryatia and ask to bring them to the
village.

According to the Mongolbank citizen’s savings is estimated MNT
3.4 trillion by second quarter of this year. Most of families, 715 thousand
families has average MNT 2.5 million (US$2000) savings while 27 thousand
families has savings up to MNT 54 million.

The Mongolbank figures

The new parliament yesterday held plenary session first time
with full attendance. MPP’s members agreed to attend plenary session. The
session scheduled to discuss proposal of nomination of Prime Minister.

The coalition of Democratic Party, Mongolian People’s
Revolutionary Party, Mongolian National Democratic  Party and

Ulaanbaatar city Mayor Erdene Bat-Uul appointed his deputies.
N.Bataa, director of “Shim” company appointed as Deputy charge for Financial
and Economic Affairs. Another Deputy to the Mayor Yo.Gerelchuluun will work as
Head of State administration unit in the City Administration.

The Mayor directed to

Coal used to make steel is set to drop to the lowest price in two years,
eroding earnings at BHP Billiton Ltd. (BHP) and Rio Tinto Group (RIO), as European demand wanes and China shifts supply
contracts to Mongolia
from Australia.

The contract price