The spring session of Parliament announced a recess
yesterday, on May 23, 2012.

D.Demberel, the Speaker noticed in his speech that due to upcoming
parliamentary election the parliament have to take a recess. “I would like to say
some words on contribution of the

Today, two Mongolian major political parties-the DP (Democratic
Party) and the MPP (Mongolian People’s Party) holding a governing body
conference, an aimed to  announce
parliamentary election’s candidates. Both party have to announce 48 candidates by
majoritarian method and 28 candidates by proportional method.

The

The court hearing of ex-president
N.Enkhbayar’s case postponed till June 4. The court hearing started at 10 am in
Sukhbaatar District court. N.Enkhbayar’s lawyers Mr. O.Baasankhuu and Mrs.
B.Oyunchimeg came to the court but ex-president N.Enkhbayar didn’t appreared.

According to the press officer
MPRP, headed

Resource Development Corp., is
pleased to announce it has entered into a definitive agreement (“Asset
Sale Agreement”), through its wholly owned subsidiary, ERD Aggregate
Corp., to sell its real estate and associated royalty interest in the Granite
Hill property (the “Sparta Quarry”) for US$3.35

Mongolia, the land of Genghis Khan
and nomadic herders, is in the midst of a remarkable transition. Rich in coal,
gold and copper, this country of fewer than 3 million people in Central Asia is
riding a mineral boom that is expected to

Macquarie is the latest investment
bank to unearth a rich seam of potential fees in Mongolia’s resources sector
after securing a lead role in the proposed initial public offering of one of
the country’s biggest iron ore producers.

Macquarie and Bank of
America-Merrill Lynch have

The Moody is downgraded the ratings of four
banks of Mongolia to B1 from Ba3. There are Golomt Bank, Khan Bank, Trade and
Development Bank of Mongolia, and XacBank.

Mongolian wrestlers of sumo in Japan arrived in Ulaanbaatar
yesterday, on May 22. Wrestlers headed by Khakukho M.Davaajargal will attend in
basketball show organized by the non-profit organization the “For success” and
Fund “Khakukho”. The “For success” is NGO established by famous Mongolian

The Ministry of Foreign Affairs of Mongolia organized for foreign
diplomats brief introduction of Law on Regulation investment by foreign
state-owned firms in strategic assets yesterday, on May 22.

G.Zandanshatar, minister of
Foreign Affairs of Mongolia explained purpose of law. The officials from FIFTA
answered

Four endangered Przewalski”s horses were sent to Mongolia from west
China”s Xinjiang Uygur autonomous region on Monday, marking the first time for
China to send the horses to another country since reintroducing the species 17
years ago, according to Cao Jie, director of