The government of Mongolia take a historical decision to
distribute to every citizen a superior share of “Erdenes MGL”, state owned
company said the Premier S.Batbold after government meeting yesterday.

“Erdenes MGL” company was established in 2007, and owned
licenses of strategic mine deposits.

The
Government of Mongolia held an irregular meeting on Monday, on June 25 and
approved a master plan of Sainshand Industrial Complex.

The
government decided to establish state owned company “Sainshand” to manage
approved plan. To establish Sainshand Industrial Complex needed $9.3 billion. Required
money to

The
Cabinet meeting of June 25 discuss issue related to the new international
airport in Khoshigt Valley in Tuv province. Construction work of airport is
going on. The government planned to finish construction work by 2015.

The
new airport with capacity to serve 1

In resource-rich, landlocked Mongolia, nationalism has often meant a
wariness of its uncomfortably large neighbor to the south. Now, news that one
of Mongolia’s crown jewels — the copper-gold mining project known as Oyu Tolgoi
— employs more than a third of its

Mongolia’s economy grew 17.3 percent
last year thanks to a mining boom, and the government is set to distribute to
the public some $1 billion to share the wealth. So it’s easy to forget that,
Mongolia’s meteoric economy notwithstanding, 30 percent of the

The U.S. government seized a rare
dinosaur skeleton Friday in what observers for the Mongolian
government and a dinosaur expert called an important step toward
returning the skeleton to its home in Mongolia.

Wooden crates holding pieces of the Tyrannosaurus
bataar fossil were loaded onto

According to the Yo.Sagsai, Deputy of Metropolitan Prosecutor’s
Office court hearing of ex-president Nambar Enkhbayar’s case scheduled on July
18, 2012.

Nambar Enkhbayar was arrested on April 13 this year on charges
of corruption.

A scheduled court-hearing is forth. Previous hearings
postponed because of N.Enkhbayar’s health

San Antonio-based Nova Mining Corp. announced last week
that it has received very encouraging due diligence documents, including
thirs-party lithium estimate reports and government license documents,
regarding the Bayankhongor mining property.

The Bayankhongor property is one of the three major
licensed lithium fields owned by

Financing to expand the $13 billion Oyu Tolgoi copper mine in Mongolia is
likely to be locked in by end of the year, said an executive with the mine’s
operator Rio Tinto.

Investment in Oyu Tolgoi helped drive growth in the central Asia

Australia-based, Mongolia focused coking coal explorer Aspire
Mining Limited has announced that it has signed a non-binding memorandum of
understanding with the Mongolian subsidiary of rail giant Russian Railways to
discuss extending the Trans-Mongolian Railway across northern Mongolia, to
include Aspire’s Ovoot coking coal