The operator of a Mongolian coal mine that is at the center of a controversy
over a Chinese acquisition bid said Tuesday it will stop production this month.

Operations at the Ovoot Tolgoi Mine “will be entirely curtailed” as of the
end of

Resurgent nationalism in mineral-rich Mongolia, which will vote for a new
government this week, will irk foreign investors, but it is unlikely to wreck
sentiment, with politicians still desperate to keep the dollars flowing in.

Foreign investment in Mongolia”s much coveted
mines like the

“All you need to mine here is a shovel,” said an awe-struck
Indian investment manager as he stood behind a barrier, along with dozens of
international mining industry executives and other eager investors, gazing at
the immense coal pit gouged out of the

Mongolia’s 6th parliamentary election running today,
on June28, 2012, nationwide.

A total of 544 candidates from 11 parties and 2 party
coalitions including the ruling Mongolian People’s Party, main opposition
Democratic Party of Mongolia as well as the coalition formed by Mongolian
people’s Revolutionary Party

The Constitutional Court of Mongolia held a meeting yesterday and discussed
former president N.Enkhbayar’s appeal.

The General Election Commission refused to register former president
N.Enkhbayar, who leading the Mongolian People’s Revolutionary Party as
candidate for the parliamentary election coming Thursday. And Mr. N.Enkhbayar
sent an

Ulaanbaatar
City administration decided not sell alcohol in Ulaanbaatar on parliamentary
and Capital City Representative Assembly’s election voting day, on June 28 and
next day on June 29.

Also the City
administration instructed related organization to ensure normal activities in
communication, transport and electricity supply

The parliamentary election will held tomorrow, on June 28,
from 7 am to 8 pm. In total 1 million 833 thousand 478 voters will vote for
parliamentary election.

Voters who cannot come to polling station by various reason,
mostly people who had a

International Lease Finance
Corporation (ILFC), a wholly owned subsidiary of American International Group,
Inc. AIG +0.56% , announced today that it delivered a
Boeing 737-700 aircraft to Eznis Airways, the largest Mongolian privately owned
airline.

The new aircraft will expand Eznis
Airways” international operations and

Work at SouthGobi Resources Ltd.”s
(1878.HK) flagship Ovoot Tolgoi Mine will be “entirely curtailed” at
the end of the second quarter, the coal miner said Tuesday, raising uncertainty
for Aluminium Corp. of China Ltd.”s bid to buy a controlling stake in the
Mongolia-focused miner.

State

Mongolian Mining Corp. (975), the
nation’s biggest coking coal exporter, slumped to a record low on speculation
investment rules will be tightened after this week’s parliamentary elections.

The Hong Kong-listed coal producer
fell 3.1 percent to HK$4.70 at the close, the lowest since