The Constitutional Court (CC) elected a new head. Jugnee Amarsanaa
elected by majority vote of the Constitutional Court members.

Jugnee Amarsanaa worked as the Constitutional Court member
since 1998. Jugnee Amarsanaa is one of the experienced lawyers of Mongolia.

SouthGobi Resources Ltd. Opened an eight new border gates exclusively for
coal transportation at the Shivee Khuren-Ceke border crossing on May 28, 2012,
informed Marketwire.

The gates will significantly increase the capacity for exportation coal from
Mongolia to China.

Prior to the commencement of the

The Kuwait Ambassador to Mongolia Mubarak Mohammad
Al-Sehaijan met the Prosecutor General D.Dorligjav, and also met the Assistant
Prosecutor General G.Ganzorig.

The officials discussed means to bolster relations in
general and in the judicial and legal fields in general, and also discussed
means to facilitate

Meritus Minerals LTD is pleased to
announce that it has executed an option agreement with two Mongolian companies
that provides finance for the development of the high grade Gutain Davaa gold
project in Mongolia.

The agreement requires the Mongolian
partner to provide all finance to

Korean Air has been caught by the Fair Trade Commission for
obstructing rival Asian Airlines from opening flights to Mongolia. “Korean Air
and MIAT Mongolian Airlines have been caught persuading the Mongolian
government through unfair practices to block rival Asiana Airlines from opening
flights

Newly launched Mongolian Airlines Group, a full service
domestic and regional carrier, announces it has signed a major technology agreement
with Amadeus, a leading travel technology provider and transaction processor
for the global travel and tourism industry, which will see Amadeus provide a
suite

His Excellency Elbegdorj Tsakhia, President of Mongolia, and Heritage Auctions, Inc. jointly announce their cooperation in investigating the origin and ownership of a rare Tyrannosaurus bataar skeleton that was placed for auction in New York City, on May 20, 2012.President

South Korea has extended the job tenure of Employment Permit
System (EPS) workers to 10 years and eight months. The South Korean Ministry of
Labour had proposed to extend the job tenure of EPS workers in February. Currently,
EPS workers can work for

Mongolia is entered as an observer to the Euro-Asian group to
combat against money laundering and terrorist financing, informed the Ministry
of Foreign Affairs.

Mongolia joined to
the International convention against money laundering and terrorist financing and
the Mongolian parliament approved a Law Against money

Mongolia’s long-awaited draft securities law aims to
modernize the Mongolian Stock Exchange (MSE). Investors anticipate the proposed
changes to be announced ahead of the landmark Erdenes Tavantolgoi (ETT) initial
public offering.

The securities law has been drafted in collaboration with
the MSE’s strategic partner, the