Hailed as one of the last frontiers for resources
exploration, the central Asian country of Mongolia is thought to have USD 1.3
trillion in untapped mineral deposits, including coal, copper, iron ore, zinc
and gold, beneath its vast deserts and steppes.

According to the

The opening match of the AFC President’s Cup group A between
Khan Research Laboratories Pakistan and Erchim Football Club Mongolia remained
goalless here at the Punjab Football Stadium on Tuesday night and with this
draw both the teams earned a point each.
Now

Coal miner SouthGobi Resources Ltd
says it is co-operating with Mongolia”s anti-corruption agency regarding an
investigation into a third party which was likely to blame for a sharp fall in
its share price.

Shares of the company, which is the
subject of a proposed $926-million

A Plenary session voted for new members’nomination of the
General Election committee (GEC) and the Constitutional Court (CC).  

MPs approved B.Ganbat and D.Gerelt-Od, nominated from Standing
committee on State Structures and B.Bilegt, nominated by the President of
Mongolia, N.Dagva and D.Erdenechuleen, nominated from

The National Commission of Extractive Industries Transparency
Initiative held yesterday. The commission headed by Premier S.Batbold noticed
in his welcoming speech that increased number of companies who declared report
on transparency. In “In last report 101 companies declared their report while
in 2006 only

By the Election law by May 8, 2012 political
parties should registered to the General Election Committee (GEC). As informed
the General Election committee 11 political parties and two coalition have
registered yesterday.

The General Election committee have to check all documents
submitted by political

The Standing committee on Security and Foreign
policy did a first discussion of law on Regulation investment by foreign
state-owned firms in strategic assets.

The working group headed by N.Enkhbold introduced
proposals on what is the strategic assets, how to determine companies and

The Standing committee on Economy and Budget supported a
program on Investment of development of Ulaanbaatar city public transport. In
frame work of the program the Mongolian Government will receive $220 million
loan from Asian Development Bank. Additional $57 million suppose to finance

Detained
ex-president N.Enkhbayar has engaged Debevoise & Plimpton, a law firm, to
help advice on the case and Lord Goldsmith, the former UK attorney-general.

Debevoise &
Plimpton LLP, an international law firm, was founded in 1931. The firm offers a diverse range of
sophisticated

The AFC President’s Cup begins in Lahore today with Pakistan’s KRL
taking on Mongolia’s Erchim FC at the Punjab Stadium.

The visiting Mongolian team, however, is unhappy with the state of the
football pitch in the stadium.

“The pitches are very dry here and