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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Snow leopards photographed for first time

A joint Russian-Mongolian expedition has captured the first-ever photographs of snow leopards in a remote part of the Altai Mountains.Scientists climbed to altitudes of up to 4,000 meters to post ten “photo-trap” cameras on Chikhachyova Ridge, on the Russia-Mongolia border. The area is believed to be home to about 15 of

Canadian company raises cash for Mongolian mining project

The Canadian company Entree Gold Inc. announced on Wednesday that it has sold nearly 11.5 million shares of stock at $1.25 per share to finance mining projects, including the Shivee West project in Mongolia. The company sold 10 million shares

DB to issue bonds worth USD 60 million

Finance Minister S.Bayartsogt informed the Standing Committee on Economics on Tuesday that the Development Bank (DB) is planning to issue bonds worth USD 60 by the end of the year.The government has asked the DB to finance the USD 55

60 students awarded presidential scholarships

President Ts.Elbegdorj has announced that he awarded 60 university students “presidential scholarships” of MNT 1 million each in 2010 and 2011.The president also noted that his suggestion that each university student in Mongolia receive an allowance of MNT 70,000 will

“100,000 Apartments” program off to slow start

Some low- and middle-income citizens hoping to buy subsidized apartments under the government’s “100,000 Apartments” program say they are disappointed with the program’s progress.The government has said it plans to build 100,000 apartments, including 75,000 in the capital. A groundbreaking

Secondary school teachers strike

Secondary school teachers went on strike from 8 to 10.30 a.m. on Wednesday demanding a salary increase in January. There is no definite information on how many schools were affected by the strike. But teachers stated on Tuesday that schools

Suld Sport Committee honors athletes

On Monday, the Suld Sport Committee honored judo wrestlers Kh.Tsagaanbaatar and D.Tumurkhuleg for their success at the Amsterdam Grand Prix. Committee officials congratulated them on their success, and both athletes thanked the committee for its support. Kh.Tsagaanbaatar, the Labor Hero

Officials discuss corporate governance

The International Finance Corporation (IFC) and the Development Center for Company Governance (DCCG) are holding a conference on corporate governance in the Khaan Bank hall on Wednesday. The conference was organized with the assistance of the Finance Regulatory Committee.Corporate shareholders,

Parliament discusses draft election law

Parliament discussed the draft election law on Tuesday. MPs decided that the Election General Committee and the Ministry of Foreign Affairs will oversee the balloting of Mongolians who live abroad. They also decided voters’ names will be listed 25 days

L.Bold: Citizens should own ten percent of Oyutolgoi

In a speech on Tuesday, Defense Minister and MP L.Bold called for the Government to distribute ten percent of the shares in the Oyutolgoi deposit mine to Mongolian citizens.He said one goal of Mongolia’s growing economy should be to ensure

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