The MPP caucus at Parliament discussed the issue of distributing Tavantolgoi LLC shares and decided that 20 percent of the shares should be distributed to citizens. According to the 39th protocol of Parliament, ten percent of the shares are to

The Ministry of Mineral Resources and Energy is planning to start a MNT 28 billion petroleum reserve in 2012. The move comes as petroleum importers and economists are warning of another financial crisis early next year. It’s also hoped the

State Prosecutor General D.Dorligjav received the United Kingdom’s ambassador to Mongolia, Thorda Abbott-Watt, on Monday.Thorda Abbott-Watt said the English government has decided to finance a “prosecutor exchange” with the State Prosecutors’ General Office of Mongolia, in cooperation with the International

The Standing Committee on Economics approved a EUR 40 million loan from Austria on Monday.  Mongolia first requested a “soft loan” from Austria in 1991. In 2010, Austria agreed to loan Mongolia the EUR 40 million at a rate of

Erdene Resources Development Corp. (ERDC) announced on Monday that it is issuing more shares on the Toronto Stock Exchange. Kris Kouan, the deputy director of ERDC in Asia, informed Mongolian investors about the share issue, as well as some of

Prime Minister S.Batbold received Hiroyuki Konuma, a high-ranking official with the United Nations Food and Agriculture Organization (FAO), on Monday to discuss mutual relations and cooperation. Hiroyuki Konum is FAO’s assistant director-general and the organization’s regional representative for Asia and

The DP recently held its final “Mongol Citizen 2020” forum in Umnugobi aimag. DP Chairman and First Deputy Prime Minister N.Altankhuyag, Secretary General D.Erdenebat, MPs Ts.Bayarsaikhan and Ts.Sedvanchig, and managing officials of the aimag took part in the discussion. Citizens

Russian President Dmitrii Medvedev has sent a congratulatory letter to his Mongolian counterpart Ts.Elbegdorj on the 90th anniversary of the establishment of diplomatic relations between Mongolia and Russia. In the letter, D. Medvedev says, “Russia and Mongolia have a firm

Prime Minister S.Batbold received a Russian delegation headed by Russia’s First Deputy Foreign Affairs Minister, A.I.Denisov, on Monday. Russian delegates are visiting Mongolia in observance of the 90th anniversary of the establishment of diplomatic relations between the two countries.S.Batbold noted

On Monday, the MPP caucus at Parliament discussed the DP’s proposed election structure and decided to accept it.MPP caucus chairman U.Enkhtuvshin said a draft election law needs to be passed, so the MPP caucus decided to accept the DP caucus’s