The London 2012 Olympics Games are
under way, a symbol of peace and brotherhood among nations. President Elbegdorj
travelled to London to support Mongolian athletes. During the event Mr.
President met with the leaders of countries and exchanged their opinion.

Before the start

Mongolia, of which this ramshackle city is the capital,
is on the cusp of cashing in on the planet”s richest untapped store of copper,
gold, other precious minerals, and coal. There could be enough underground wealth
in the steppe to make every nomadic

Ivanhoe Mines on Friday announced
the closing of its recent rights offering, which expired on July 19, 2012, and
confirmed the offering generated US$1.8 billion in gross proceeds, which will
be used to advance the construction and development of the Oyu Tolgoi Project.

Nearly 9 tons of metal from Rio Tinto”s Kennecott mine in Utah and its Oyu Tolgoi mine in Mongolia were used for the 2012
Olympic gold, silver and bronze medals.

The 2012 Olympic Games medals are the heaviest and largest in
history, the

Prophecy
Coal Corp. (TSE:PCY) Friday announced the addition of some experienced team
members to the positions of directors and advisors, making clear its intent to
become a big coal energy provider in Mongolia.

As the company aggressively pursues measures to bring its 600 megawatt

The United Nations (UN) tribunal has ruled in favour of uranium explorer
Khan Resources in a $200-million arbitration case against the government of
Mongolia, the TSX-listed company said on Thursday.

The UN Commission on International Trade Law ruled on matters of
jurisdiction and has

Today, the Speaker of parliament Z.Enkhbold met with
U.Enkhtuvshin, MP and chairman of MPP and Ts.Nyamdorj, MP, Minister of Justice
and exchanged their views on problem faces to the new parliament. As informed
before MPP members didn’t attend the first session of the

When I was invited as a U.S. representative to the Asian Development Bank to
speak at the 1991 opening of the Mongolian Stock Exchange, I expected a
frontier adventure, as the country had just broken free from Russia to form a
fledgling democracy.

History was made last week when a grunge rock quartet performed in Ulaanbaatar.

Still, they were China’s first band to ever play in Mongolia’s main public
square during this auspicious festival.

What might seem like a few small steps for the globalization

Z.Enkhbold, Speaker of the parliament hold yesterday a
several meeting officials of MongolBank, General Audit Authority and General
Prosecutor Authority. Z.Enkhbold received today B.Khurts, Vice chairman of
Anti-Corruption Agency (ACA).

Mr. B.Khurts congratulated Z.Enkhbold as elected a Speaker.

Z.Enkhbold asked details of implementation of Law